Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Stronger US Job Report Shows Economy Struggling to Resist Global Weakness

655 views

Published on

The US economy added 120,000 payroll jobs in November 2011. The unemployment rate fell to 8.6 percent, its lowest since March 2009. The report shows a US economy struggling to resist gobal weakness.

Published in: Business, Career
  • Be the first to comment

  • Be the first to like this

Stronger US Job Report Shows Economy Struggling to Resist Global Weakness

  1. Data for the Classroom from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/ . US Employment Data: Stronger Report shows Job Market Struggling to Resist Global Weakness Posted Dec 2, 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.
  2. Payroll Jobs Grow Faster in November, Big Revisions <ul><li>Total payroll job growth for November was 120,000, still very moderate, but an increase </li></ul><ul><li>More encouraging, the increases for the previous four months were revised upward by a total of 114,000 </li></ul><ul><li>Service jobs, led by retail trade, provided all the gains. Producers of goods lost 6,000 jobs and government lost another 20,000, continuing a steady decline </li></ul><ul><li>A separate household survey reported 278,000 new jobs, including farm jobs and self-employment </li></ul>Posted Dec 3, 2011 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com
  3. Unemployment Rate Lowest in More Than Two Years <ul><li>The unemployment rate, which is the ratio of unemployed persons to the labor force, dropped sharply to 8.6 percent, its lowest since March 2009 </li></ul><ul><li>The labor force includes both employed and unemployed persons. The number of unemployed decreased by 594,000, of which 279,000 found jobs and 315,000 withdrew from the labor force </li></ul>Posted Dec 3, 2011 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com
  4. Broad vs. Standard Unemployment Rate <ul><li>There is also a broader measure of unemployment called U-6 </li></ul><ul><li>The numerator of U-6 includes </li></ul><ul><ul><li>Unemployed persons </li></ul></ul><ul><ul><li>Marginally attached persons who would like to work but are not looking because they think there are no jobs </li></ul></ul><ul><ul><li>Part-time workers who would prefer full-time work but can’t find it </li></ul></ul><ul><li>The denominator includes the labor force plus the marginally attached </li></ul><ul><li>U-6 fell to to 15.6 percent in November, its lowest level since March 2009 </li></ul>Posted Dec 3, 2011 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com
  5. Employment-Population Ratio Continues Slow Rise <ul><li>The employment to population ratio ticked up to 58.5 percent, its fourth monthly increase after reaching an all-time low in July </li></ul><ul><li>The long-term downward trend in this ratio reflects several factors </li></ul><ul><ul><li>Slow job growth </li></ul></ul><ul><ul><li>More discouraged workers, who do not look for jobs because they think none are available </li></ul></ul><ul><ul><li>More retired persons as the population ages </li></ul></ul>Posted Dec 3, 2011 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com

×