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Posts Tagged ‘DOL’
The U.S. Bureau of Labor Statistics reported Friday (May 6, 2011) that employers added 244,000 jobs in April. In another positive development, the employment gains in both February and March were revised upward by a cumulative total of 46,000 jobs. Private sector employment has now averaged over 250,000 job growth the past three months. April’s unemployment rate rose to 9 % from March’s 8.8%, however, many economists discounted the rise noting the data is derived from the more volatile household survey sample. Public sector jobs continued to shrink in April by 22,000.
Economists estimate that employers will continue to add about 200,000 jobs a month through the remainder of the year. That compares to last year’s average of 78,000 job growth per month. The unemployment rate is expected to drop to 8.5% by year’s end.
Moody’s Analytics, as illustrated in USA Today, has forecast U.S. job growth by geographic region, state and industry.
Job growth statistics released today (April 1, 2011) by the Bureau of Labor Statistics shows continued growth in the U.S. labor market. The unemployment rate dropped to 8.8% as the economy created 216,000 new jobs in March. The unemployment rate has improved a full percentage point in the last four months. The economy needs to add 125,000 new jobs each month just to keep up with a growing number of Americans eligible for employment. The private sector added 230,000 jobs in March on top of the 240,000 jobs in February as local government hiring continued to contract.
Moody’s Analytics, as illustrated in USA Today has forecasted U.S. job growth by geographic region and by industry.
It’s a start. Will it sputter… again? Let’s hope not. The Bureau of Labor Statistics released the Employment Situation Summary today with encouraging news. Moody’s Analytics forecasts job growth through 2014 by region and industry. Check it out. Moody’s forecasting model is based on a number of factors including Bureau of Labor statistics, DOL surveys, demographic trends, Federal Reserve policy decisions, and government programs.