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Posts Tagged ‘Department of Labor’
Secretary of Labor Hilda L. Solis announced today that she has submitted her resignation to President Obama. She has served Secretary of Labor during President Obama’s complete first term. During her reign as Labor Secretary in the Obama administration, she spearheaded many programs to get America back to work after the economic recession of 2007 to 2009. Hilda Solis developed new programs for veterans, green jobs programs and job training during one of the most challenging economic periods in American history. Ms. Solis served in the House of Representatives representing the Los Angeles area for eight years prior to her appointment to the Department of Labor. 
The U.S. Bureau of Labor Statistics reports today (January 4) that USA employment added 155,000 jobs in December with the unemployment rate stable at 7.8%. The private sector created 168,000 jobs, while government employment continued to contract by eliminating 13,000 jobs. A total of 1.84 million jobs were added in 2012, the Labor Department said Friday. Many economists expected December’s jobs report to show that employers added about 150,000 jobs in December. This is the 34th straight month of positive job growth. 125,000 jobs are needed each month to keep up with growth in the potential labor force.
In related economic developments, 5.4 million jobs have been created in the past 32 months. The auto industry alone has added 250,000 jobs after being rescued five years ago. GM is now the the number one car company once again in the world as Chrysler has become the fastest growing car company in the USA.
The U.S. Bureau of Labor Statistics reports today (December 7) that private employers added 146,000 jobs in November with the unemployment rate dropping to 7.7%. Many economists expected the new employment number to be impacted negatively by Hurricane Sandy, BLS analysts said Superstorm Sandy had only a minimal effect on the figures and “did not substantively impact the national employment and unemployment estimates for November”. September and October jobs numbers were revised down by 49,000 jobs.
This is the 33rd straight month of positive job growth. 125,000 jobs are needed each month to keep up with growth in the potential labor force. Government employment remains stagnant as federal government payrolls decreased by 5,000, state government payrolls increased by 6,000, and local government payrolls declined by 2,000.
Many economists say growth is slowing to a 1.5 percent rate in this 4th quarter, largely because of the storm and threat of the fiscal cliff. This slower growth is not enough growth to lower the unemployment rate in coming months. The economy has added an average of 158,000 jobs a month the second half of 2012 and an average of 151,000 for 2012. 2011′s monthly average employment increase was 153,000.
The U.S. Bureau of Labor Statistics reports today (November 2) that private employers added 184,000 jobs in October with the unemployment rate ticking up slightly to 7.9%. Many economists expected the new employment number to be in the 125,000 range. Significantly, August and September jobs numbers were revised upward by 84,000 jobs (+50,000 in August and +34,000 in September). This is the 32nd straight month of positive job growth. 125,000 jobs are needed each month to keep up with growth in the potential labor force. Government employment continued to retract with job losses of 13,000 with state employment down 7,000 and federal employment down 6,000. 2.1 million new jobs have been created in the past 12 months.
