US Employment Situation for May 2011

Data for the Classroom from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/ US Unemployment Situation May 2011 Posted June 3, 2011 Terms of Use: These slides are made available under Creative Commons License Attribution—Share Alike 3.0 . You are free to use these slides as a resource for your economics classes together with whatever textbook you are using. If you like the slides, you may also want to take a look at my textbook, Introduction to Economics , from BVT Publishers.

Job Growth Slows in May
The latest report from the Bureau of Labor Statistics showed the 8 th straight month of job growth in May, but the pace of job growth slowed to a weak 54,000, the slowest September 2010
An increase of 83,000 in private nonfarm jobs was offset by a decrease of 23,000 in state and local government jobs.
A separate household survey that includes farm jobs and self-employment showed an increase of 105,000 jobs
Posted June 3, 2011 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com

Unemployment Rate Edges Up
The unemployment rate edged upward to 9.1 percent, its highest level since December 2010
The number of unemployed persons increased by 167,000
The labor force, which includes both employed and unemployed persons, increased by 272,000
The unemployment rate is the ratio of unemployed persons to the labor force

Employment-Population Ratio Near Its Lowest Point
The unemployment rate would have been even higher if not for the fact that many people have dropped out of the labor force because of the weak job market
The employment to population ratio dropped slightly in May to a level close to its lowest point during the current downturn

US Employment Situation for May 2011

by Ed Dolan on Jun 03, 2011

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US Employment Situation for May 2011 — Presentation Transcript