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Posts Tagged ‘jobs creation’
The U.S. Bureau of Labor Statistics reports today (June 1) that employers added 69,000 jobs in May with the unemployment rate “essentially unchanged at 8.2%. The jobs number is lower than than economists anticipated compared to an average increase of 225,000 the previous four months. March and April jobs numbers were revised downward by 49,000 jobs (-11,00 in March and -38,000 in April).
The unemployment rate edged back up to 8.2 percent in May from 8.1 percent in April and equals the March rate of 8.2 percent. A couple unique developments continue to impact the unemployment rate. First, baby boomers are retiring in significant numbers which lowers the number of active job seekers. Secondly, the accelerated wind-down of the wars in Iraq and Afghanistan are bringing thousands of troops home. One million military veterans will reenter the civilian employment market in the next five years.
May is now the 2nd month in a row in which the economy didn’t add at least 100,000 jobs or more. However, it is the 27th straight month of positive job growth. 125,000 jobs are needed each month to keep up with growth in the potential labor force.
The U.S. Bureau of Labor Statistics reported today that employers added 120,000 jobs in March. The jobs number is lower than anticipated compared to an average increase of 246,000 the past three months. However, the unemployment rate dropped to 8.2%. Additionally, employment for January and February was revised upward by 4,000 additional jobs.
The unemployment rate averaged 8.9 percent last year, down from 9.6 percent the previous year. Regarding government employment, the Bureau of Labor Statistics reports that “ government employment was essentially unchanged” in March. Over the past 12 months, the sector has lost 277,000 jobs, with declines in local government; state government, excluding education; and the U.S. Postal Service.
The job market was retracting heavily during the depths of the recession in 2008 and early 2009 with job losses of over 750,000 several months. Over 4 million jobs have been created over the last 25 months.
This is the seventh month in a row in which the economy generated 100,000 jobs or more. 125,000 are needed each month to keep up with growth in the potential labor force.
The U.S. Bureau of Labor Statistics reported today, March 9, that employers added 227,000 jobs in February. The unemployment rate remained at 8.3% primarily as confidence grows with more people entering the job market. Additionally, employment for December and January was revised upward by 61,000 additional jobs. The BLS reports that job growth was widespread, with gains in professional and business services (+82,000), health care and social assistance (+61,000) and manufacturing (+31,000) leading the way.
The unemployment rate averaged 8.9 percent last year, down from 9.6 percent the previous year. Employment has increased 3.5 million since February 2010. It’s looking better and better for Halftime in America as the economy gets stronger and more Americans get back to work.
Economists estimate that employers will add about 2.1 million jobs in 2012. The estimate may be revised upward as nearly 500,000 jobs have been added in just the first two months of the year. 125,000 are needed each month to keep up with growth in the potential labor force. This is the seventh month in a row in which the economy generated 100,000 jobs or more and the 24th straight month of U.S. job growth.
U.S. economic employment started the new year strong. The U.S. Bureau of Labor Statistics reported today (February 3) that employers added 243,000jobs in January with the unemployment rate dropping to 8.3% from 8.5% in December . That’s nearly 100,000 more jobs than economists projected. Additionally, employment for November and December was revised upward by 60,000. The BLS reports that “job growth was widespread, with large gains in professional and business services, leisure and hospitality, and manufacturing”.
The unemployment rate averaged 8.9 percent last year, down from 9.6 percent the previous year. Regarding government employment, the Bureau of Labor Statistics reports that “ government employment changed little in January. Over the past 12 months, the sector has lost 276,000 jobs, with declines in local government; state government, excluding education; and the U.S. Postal Service.
Economists estimate that employers will add about 2.1 million jobs in 2012. That compares to 1.6 million in 2011 and 940,000 in 2010. 125,000 are needed each month just to keep up with the growth in the potential labor force. This is the fifth month in a row in which the economy generated 100,000 jobs or more.