The Labor Market Situation September 11, 2013
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The Labor Market Situation September 11, 2013 Dr. Jennifer Hunt, Chief Economist, U.S. Department of Labor
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This document discusses the relationship between economic growth and unemployment rates. It finds that a persistently high unemployment rate remains a concern for Congress. While the unemployment rate has declined since peaking in 2009 and 2010, it remains elevated by historical standards. The key driver of unemployment over the long run is the rate of economic growth compared to potential growth. For unemployment to significantly decline, growth needs to outpace the combined growth of the labor force and productivity. Recent recoveries, including from the 2007-2009 recession, have seen slow declines in unemployment, described as "jobless recoveries."
JUNE 4 final
This document provides an economic analysis and overview of a diversified portfolio for the years 2013-2015. It summarizes GDP, employment, real estate, government spending, interest rates, and stocks for 2013. GDP grew 2.2% in 2013, driven by personal consumption and residential investment. The unemployment rate fell to 6.7% as hiring improved but wages remained stagnant. Real estate rebounded with home sales and prices rising. Government spending declined as the deficit fell but austerity measures hampered growth. Interest rates remained low as the Fed began tapering quantitative easing. Stocks performed well overall in 2013.
May 2013 Workplace Economy
165,000 new jobs were added in April according to the BLS report, exceeding economists' projections. The unemployment rate dropped to 7.5%, its lowest point since 2008. Several sectors added jobs including finance (9,000), healthcare (19,000), leisure and hospitality (43,000), professional and business services (73,000), retail trade (29,300) and temporary help services (30,800). The positive jobs report eased fears of an economic slowdown in the U.S.
Steven Jagger UK Jobs report October. Candidate Shortage
Candidate availability continues to fall sharply. The rate of decline in permanent staff availability was marked, despite easing slightly to the slowest since May, while temp availability decreased at the fastest pace in three months.
Jobs report sep13
The August 2013 jobs report showed mixed results. While 169,000 jobs were added and the unemployment rate fell slightly to 7.3%, the civilian labor force declined by 312,000. Some economists believe this caused the drop in unemployment. Private sector jobs increased by 152,000 led by gains in professional and business services and temporary help services, but overall job growth was lower than expected. The government also reported a surprise gain of 17,000 public sector jobs.
DCR TrendLine February 2014 – Contingent Worker Forecast and Supply Report
It’s hard to believe that 2014 is already well underway. In the second month of the year, the staff at TrendLine was hard at work to provide you with key insights into the temporary staffing industry. With thorough research and in-depth analysis of data, we aim to supply you with a pulse of the temporary staffing market. As usual, our articles this month uncover trends in the industry and give you hard, actionable information on contingent workforce supply and demand.
March 2015 U.S. employment update and outlook
The national labor market continues to add jobs and maintain the momentum gained over the past few quarters, with 295,000 jobs added in February alone. Year-to-date, the economy has already seen 534,000 new jobs and is poised to sustain this level of growth over the next 12 to 18 months as other macroeconomic indicators—from consumer spending to bond issuance to business investment—continue their upward trajectory.
Unemployment dropped by 20 basis points to 5.5 percent, also enabling the 30-basis-point drop in total unemployment—which includes those not actively seeking work—to 11.0 percent, down from 11.3.
The Economy in 2014
The U.S. economic recovery took a major step forward in 2014, achieving a number of important milestones.
The Labor Market Situation - January 2014 Jobs Report
Dr Jennifer Hunt, U.S Department of Labor's Chief Economist reports on the Labor market situation in January, 2014.
Economic update (may 2013)
The US GDP grew at an annual rate of 2.5% in the first quarter of 2013, driven by strong growth in consumer spending and business investment in inventories. The US jobs report for April 2013 showed an addition of 165,000 jobs, revised upward from previous months. While this signals continued slow improvement in the jobs market, some signs of caution remained such as a decline in average work hours. The unemployment rate held steady at 7.5%.
US Talent Market Monthly March 2014
The document summarizes the February 2014 jobs report. It states that 175,000 new jobs were added in February, less than the average in 2013 but more than December and January. The unemployment rate rose slightly to 6.7% as more people entered the labor force. Gains were led by professional and business services adding 79,000 jobs. The report provides an overview of job growth over previous months and shows that while growth is positive, conditions remain cool with expectations of warming in coming months.
Permanent salaries rise at fastest rate since July 2007
Permanent salaries rise at fastest rate since July 2007, Steeper decline in candidate availability, Permanent and temporary appointments rise at slower rates, Further marked increase in vacancies
The Labor Market Situation - December 2013 Jobs Report
The Labor Market Situation
January 13, 2014
Dr. Jennifer Hunt, Chief Economist, U.S. Department of Labor
DLR_econlaboroutlook2012
The labor market is expected to continue slow growth in 2012, with unemployment remaining elevated around 8.8%. Payroll employment is projected to increase by an average of 110,000 jobs per month in the first half of 2012 and 126,000 in the second half. Wage growth is expected to be modest at around 2% as the large pool of unemployed continues to limit wage pressures. The outlook assumes extensions of payroll tax cuts and unemployment benefits, and downside risks exist if those policies are not continued.
Economic Forecast (August 2012)
This document provides an economic forecast from NAR Research. It includes forecasts and analyses for key economic indicators such as:
- Real GDP growth is forecast to be under 2% for the remainder of 2012 with no recession but also no robust expansion.
- Net new job growth is forecast to be 1.5 million in 2012 and 2.3 million in 2013.
- The unemployment rate is forecast to remain near 8% for most of 2012 and inflation is expected to rise to around 2% in 2013.
- Housing starts are forecast to rise 25% in 2012 and 50% in 2013, with the multifamily sector experiencing a stronger recovery. Existing and new home sales are also forecast to increase in
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Hiring Trends - Webinar with the Department of Labor and Business Forward
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DCR Trendline December 2013 – Contingent Worker Forecast and Supply Report
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Steven Jagger UK Jobs report October. Candidate Shortage
DCR TrendLine February 2014 – Contingent Worker Forecast and Supply Report
DCR TrendLine February 2014 – Contingent Worker Forecast and Supply Report
The Labor Market Situation - January 2014 Jobs Report
The Labor Market Situation - January 2014 Jobs Report
Permanent salaries rise at fastest rate since July 2007
Permanent salaries rise at fastest rate since July 2007
The Labor Market Situation - December 2013 Jobs Report
The Labor Market Situation - December 2013 Jobs Report
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The Labor Market Situation September 11, 2013
- 1. DRAFT 11Filename/RPS Number Office of the Chief Economist1 Steady job growth since February 2010 1 month change, in thousands • August 152 • July 127 • June 194 12-month change, in thousands • August 2012 to 2013: 2,300 • Average: 192
- 2. DRAFT 22Filename/RPS Number Office of the Chief Economist2 Steady unemployment decline since end 2009
- 3. DRAFT 33Filename/RPS Number Office of the Chief Economist3 Employment-to-population ratio has not recovered to pre-recession rates
- 4. DRAFT 44Filename/RPS Number Office of the Chief Economist4 Retail Trade has led job growth the past three months
- 5. DRAFT 55Filename/RPS Number Office of the Chief Economist5 Involuntary part time for economic reasons has fallen among private-sector and non-Federal Government Source: Bureau of Labor Statistics, Current Population Survey, www.bls.gov/cps
- 6. DRAFT 66Filename/RPS Number Office of the Chief Economist6 Since ACA became law, 9 out of 10 new positions are full time
- 7. DRAFT 77Filename/RPS Number Office of the Chief Economist7 No systemic evidence employers are shifting employees to <30 hours per week Source: Bureau of Labor Statistics, Current Population Survey, www.bls.gov/cps
- 8. DRAFT 88Filename/RPS Number Office of the Chief Economist8 Mix of full-time and part-time employment is typical for an economic recovery
- 9. DRAFT 99Filename/RPS Number Office of the Chief Economist9 Thank you!