The U.S. economy showed little job growth in August, with the unemployment rate remaining unchanged at 9.1%. Private sector payrolls were flat, marking the first time since 1945 that the monthly net job change was zero. Healthcare and mining saw some hiring while other sectors stagnated. Unemployment remained high, with 13.9 million Americans unemployed and 42.9% having been out of work for over six months. The labor force participation rate was also low at 64%.
Unemployment Rate: Measuring the Workforce Learn about how the unemployment rate is measured, broader measures of unemployment, and three types of unemployment: structural, cyclical, and frictional.
Who is active in the labor force? Behavioral patterns among teenagers, prime-age men and women, and older workers have important implications for the path of unemployment.
See how government spending has expanded in recent years and how spending dollars have compared across various functions, like education, national defense, and income security.
GDP is one of the key measures of a nation’s economic performance. This DataPost outlines the components of GDP and places these components within the context of recent values published by the Bureau of Economic Analysis.
Unemployment Rate: Measuring the Workforce Learn about how the unemployment rate is measured, broader measures of unemployment, and three types of unemployment: structural, cyclical, and frictional.
Who is active in the labor force? Behavioral patterns among teenagers, prime-age men and women, and older workers have important implications for the path of unemployment.
See how government spending has expanded in recent years and how spending dollars have compared across various functions, like education, national defense, and income security.
GDP is one of the key measures of a nation’s economic performance. This DataPost outlines the components of GDP and places these components within the context of recent values published by the Bureau of Economic Analysis.
Inflation: Measuring Price Changes This DataPost tutorial looks at the Fed’s key measure of inflation—the Personal Consumption Expenditures Price Index—including how it relates to the concepts of "core" and "total" inflation in the U.S. economy.
Employment increased by 23,000 jobs so the expanding labor force only increased the overall unemployment rate by 30 basis points to 6.3 percent. This is the second consecutive month when unemployment increased.
Minneapolis–St. Employment Update | November 2015Carolyn Bates
The local labor force has declined slightly since July’s peak, but year-over-year numbers show an increase of over 35,000 non-farm jobs since September 2014.
As is typically the case, MSP’s office-using sectors dominated the hiring by taking 45.9 percent of the 12-month total employment growth while the industrial sectors accounted for 2.3 percent of the annual growth.
• U.S. adds 211,000 new jobs in April evidence that the economy is still growing at a healthy clip
• The unemployment rate fell to 4.4% low, last seen in May 2007
• The labor force participation rate ticked down slightly to 62.9% from 63.0% in March
• The size of the labor force expanded by 12,000 people
• 1st-quarter GDP increased to an annual rate of 0.7%, slowest growth in 3 years
• Average wages rose 0.3% to $26.19 an hour last month as companies pay more to attract or maintain talent
Employment increased by 248,000 in September, and the unemployment rate declined to 5.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, retail trade, and health care.
The local labor force remained flat in July as the influx of college graduates leveled off. That, coupled with a growth in employment caused the unemployment rate to decline 20 basis points to 6.1 percent.
Abstract: The paper examines the impact of public sectoral expenditure on economic growth in Nigeria for the period 1981-2013. It was observed that the growth of government expenditure has not fully felt by the economy. The econometric methodology employed is the ARDL model and results show that while the impact of government expenditure on administration and debt servicing were positive on economic growth in the long and short run, expenditure on economic and social sectors has negative impact. We argue that this may not be unconnected with the high level of corruption prevalent in the public sector where funds that are meant for provision or maintenance of social-economic activities like agriculture, roads, transportations, schools and hospitals are diverted for personal use. The CUSUM and CUSUMSQ test show the model is stable as neither of them cross the 5% boundary. The paper recommended that government should increase expenditure to the social and economic sectors while debts or debt servicing should be reduced. Also, corruption so prevalent in the public sector must be minimized if cannot be eradicated.
Employment rose by 96,000 in August, and the unemployment
rate edged down to 8.1 percent, the U.S. Bureau of Labor Statistics reported today.
Employment increased in food services and drinking places, in professional and
technical services, and in health care.
Inflation: Measuring Price Changes This DataPost tutorial looks at the Fed’s key measure of inflation—the Personal Consumption Expenditures Price Index—including how it relates to the concepts of "core" and "total" inflation in the U.S. economy.
Employment increased by 23,000 jobs so the expanding labor force only increased the overall unemployment rate by 30 basis points to 6.3 percent. This is the second consecutive month when unemployment increased.
Minneapolis–St. Employment Update | November 2015Carolyn Bates
The local labor force has declined slightly since July’s peak, but year-over-year numbers show an increase of over 35,000 non-farm jobs since September 2014.
As is typically the case, MSP’s office-using sectors dominated the hiring by taking 45.9 percent of the 12-month total employment growth while the industrial sectors accounted for 2.3 percent of the annual growth.
• U.S. adds 211,000 new jobs in April evidence that the economy is still growing at a healthy clip
• The unemployment rate fell to 4.4% low, last seen in May 2007
• The labor force participation rate ticked down slightly to 62.9% from 63.0% in March
• The size of the labor force expanded by 12,000 people
• 1st-quarter GDP increased to an annual rate of 0.7%, slowest growth in 3 years
• Average wages rose 0.3% to $26.19 an hour last month as companies pay more to attract or maintain talent
Employment increased by 248,000 in September, and the unemployment rate declined to 5.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, retail trade, and health care.
The local labor force remained flat in July as the influx of college graduates leveled off. That, coupled with a growth in employment caused the unemployment rate to decline 20 basis points to 6.1 percent.
Abstract: The paper examines the impact of public sectoral expenditure on economic growth in Nigeria for the period 1981-2013. It was observed that the growth of government expenditure has not fully felt by the economy. The econometric methodology employed is the ARDL model and results show that while the impact of government expenditure on administration and debt servicing were positive on economic growth in the long and short run, expenditure on economic and social sectors has negative impact. We argue that this may not be unconnected with the high level of corruption prevalent in the public sector where funds that are meant for provision or maintenance of social-economic activities like agriculture, roads, transportations, schools and hospitals are diverted for personal use. The CUSUM and CUSUMSQ test show the model is stable as neither of them cross the 5% boundary. The paper recommended that government should increase expenditure to the social and economic sectors while debts or debt servicing should be reduced. Also, corruption so prevalent in the public sector must be minimized if cannot be eradicated.
Employment rose by 96,000 in August, and the unemployment
rate edged down to 8.1 percent, the U.S. Bureau of Labor Statistics reported today.
Employment increased in food services and drinking places, in professional and
technical services, and in health care.
This documentation provides instructions on how to use the C21 Social Plugin tab to schedule and share professionally-designed content from CENTURY 21.
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Total nonfarm payroll employment increased by 128,000 jobs in October. Job growth has averaged 167,000 per month thus far in 2019, compared with an average monthly gain of 223,000 in 2018. Employment declined in motor vehicles and parts manufacturing due to strike activity. Federal government employment was also down, reflecting a drop in the number of temporary jobs for the 2020 Census.
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En octobre, les décideurs de partout dans le monde se sont réunis à Washington DC pour faire le bilan des perspectives économiques mondiales. Pour la première fois depuis 2010, le pronostic d’une reprise soutenue pour les économies développées devrait être positif.
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We find that low-wage job creation was not simply a characteristic of the first phase of the recovery, but rather a pattern that has persisted for more than four years now. Deep into the recovery, job growth is still heavily concentrated in lower-wage industries.
Análisis de la progresiva recuperación de los mercados internacionales de la perspectiva del empleo, la económica y el nivel de productividad de las empresas.
1. U.S. Economic Data As of September 2011 Reflective of the Bureau of Labor Statistics’ Employment Situation – August 2011
2. JOBS GAINED IN AUGUST 0 UNEMPLOYMENT RATE 9.1% WORST UNEMPLOYMENT RATE SINCE 1983 *Current recession excluded August employment figures surprise government officials and economists
12. A comparison between United States recessions and recoveries: nonfarm payroll job changes Horizontal axis shows months. Vertical axis shows the ratio of that month’s nonfarm payrolls to the nonfarm payrolls at the start of recession. Note: Because employment is a lagging indicator, the dates for these employment trends are not exactly synchronized with National Bureau of Economic Research’s official business cycle dates. Source: Economix.Blogs.NYTimes.com
13.
14. The healthcare industry continued to hire; employment within the industry rose by 30,000 in August.
15.
16. 13.9 million Americans are currently unemployed – 42.9 percent of such individuals have been without work for more than six months.
Source: WhiteHouse.GovThe Employment Situation in AugustBy: Katharine Abraham Today’s employment report shows that private sector payrolls increased by 17,000 and overall payroll employment was flat in August. The unemployment rate remained unchanged at 9.1 percent, a level that remains unacceptably high. Despite a slowdown in economic growth from substantial headwinds experienced throughout the year, the economy has added private sector jobs for 18 straight months, for a total of 2.4 million jobs over that period.Clearly, faster growth is needed to replace the jobs lost in the downturn. Today’s report underscores the President’s call for Congress to pass a clean extension of the transportation bill to keep workers on the job and keep critical highway construction, bridge repair, mass transit and other important projects moving forward. Next week, the President will lay out a series of additional bipartisan steps that Congress can take immediately to put more money in the paychecks of working and middle class families; to make it easier for small businesses to hire workers; to put construction crews to work rebuilding our nation’s infrastructure; and other measures that will help the economy grow while still reducing our deficit and getting our fiscal house in order.Sectors with employment increases in August included health care and social assistance (+35,500) and professional and business services (+28,000). Sectors with employment declines included information (-48,000, which includes striking Verizon workers), construction (-5,000), and manufacturing (-3,000). Local government lost 20,000 jobs and has shed 398,000 jobs since February 2010. State government added 5,000 jobs as an estimated 22,000 furloughed Minnesota state workers returned to work. The monthly employment and unemployment numbers are volatile and employment estimates are subject to substantial revision. Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.
Source: BLS
Source: Economix.Blogs.NYTimes.comComparing Recessions and Recoveries: Job ChangesBy: Catharine RampellToday’s jobs report is nothing but bad news.The United States economy showed no net gain in jobs in August, the Labor Department reported, after having added an average of 53,000 in each of the three prior months. This was the worst jobs number since last September.Hiring was essentially unchanged in almost every private industry. The biggest gain was in health care, which added 30,000 jobs, but health care has been growing steadily despite what happens to the rest of the economy. Government employment continued to fall.The chart above shows economy wide job changes in this last recession and recovery compared with other recent ones, with the black line representing the most recent downturn. Since the downturn began in December 2007, the economy has shed, on balance, about 5 percent of its nonfarm payroll jobs. And that does not even account for the fact that the working-age population has continued to grow, meaning that if the economy were healthy we should have more jobs today than we had before the recession.The unemployment rate — measured by a different government survey, and based on how many people are without jobs but are actively looking for work — was unchanged in August, at 9.1 percent.There are now 14 million workers who are looking for work and cannot find it; the figure nearly doubles if you include workers who are in part-time jobs but want to be employed full time, and those who want to work but have stopped looking. A broader measure of the unemployment rate that includes these underemployed workers is 16.2 percent.
Source: Moody’s Analytics/DismalScientist.comThe number of unemployed people is declining as the Argentinean economy advances at a solid, although moderate pace. The unemployment rate was reported at 7.3% in the second quarter, after 7.4% in the previous period and 7.9% one year before.
Source: Moody’s Analytics/DismalScientist.comThe national unemployment rate averaged 7.5% in the May-July period, up from 7.2% in the previous moving quarter but down from 8.3% a year earlier. July’s labor market report implies a clear deterioration in the last month of the moving quarter (July), though conditions remain good. Recent strikes and massive student protests had a negative impact on July’s job creation figures. Yet the labor market remains in good shape and continues to generate a solid number of jobs. Expect the unemployment rate to remain close to current levels for the remainder of the year, as job creation slows compared with the first half.
Source: Moody’s Analytics/DismalScientist.comAnnual producer price growth in the euro zone picked up slightly in July. Producer prices grew 6.1% y/y, up from 5.9% in June. The sole driver was stronger growth of energy prices. Producer price growth will start to weaken again in the coming months but remain elevated.
Source: Moody’s Analytics/DismalScientist.comSouth Korean consumer prices accelerated to 5.3% on a year-ago basis in August, from 4.7% in July. Higher food prices led the acceleration in August after floods and landslides around Seoul in July caused significant damage to crops.
Source: Moody’s Analytics/DismalScientist.comSpanish real retail sales fell 6% in year-ago terms in July, following a 7.6% drop in the previous month. Retail sales will be weak in the coming months on elevated unemployment and the ongoing downward correction in property prices.
Source: Moody’s Analytics/DismalScientist.comU.K. consumer confidence fell further in August. The headline GfK NOP measure slipped to -31, from -30 in July. Household consumer spending will remain subdued through 2011 amid sharp fiscal tightening and lingering job security concerns. Combined with expectations of slowing exports and weaker industrial activity, the outlook for the economy this year is downbeat.