October’s payroll gains were slightly lower than expected at 214,000, but average six-month gains continued to suggest a strong recovery. You might be surprised to learn, however, that those payroll gains don’t just reflect full-time jobs. They also include part-time gigs with no benefits. That might explain some of voters’ Election Day malaise about the economy despite the positive headline numbers. Continue reading
Every month the U.S. Bureau of Labor Statistics releases an “Employment Situation Summary” based on current employment and population statistics the agency collects. But does this report paint a full picture? Continue reading
- Noisy data aside, the big question from August’s jobs report is who’s dropping out of the workforce?
The economy added a fewer than expected 142,000 jobs last month — the lowest monthly gain of the year. But the unemployment rate ticked down to 6.1 percent, which is good news, right? Maybe not. That all depends on who’s dropping out of the workforce: baby boomers, whose departure is expected, or discouraged workers down on their luck? Continue reading
July marks the sixth straight month of job gains exceeding 200,000 — a growth record not seen since 1997. But there’s still not enough turnover in the labor market, the Brookings Institution’s Justin Wolfers and MIT’s Peter Diamond say, to support a stronger recovery. Continue reading
American employment now exceeds pre-recession levels, but most of the jobs created have lower wages. That’s according to May’s government labor data, which shows that despite gains of 200,000 jobs, the unemployment rate hasn’t budged. Economics correspondent Paul Solman talks to MIT labor economist Paul Osterman for his take on the numbers. Continue reading
Syndicated columnist Mark Shields and New York Times columnist David Brooks join Judy Woodruff to discuss the week’s news, including a mixed-bag jobs report boasting the lowest unemployment rate in five years, upcoming midterm primaries and critiques for President Obama’s foreign policy standing. Continue reading
The jobs report released Friday finds that employers added 288,000 jobs in April and the unemployment rate fell to 6.3 percent. However, the dip in unemployment was driven by a sharp decline — more than 800,000 — in the number of people who worked or searched for work last month. Economics correspondent Paul Solman reports on the dwindling labor force. Continue reading
The US economy added 113,000 jobs in January, 2014. [/caption]The jobs report for January was weaker than expected for the second month in a row, but also boasts the lowest unemployment rate since October 2008. The US economy added 113,000 jobs this month, below the 180,000 jobs economist predicted. And unemployment rate hit a low 6.6 percent.
The November jobs report boasted positive momentum, including gains in manufacturing and construction sectors. But economics correspondent Paul Solman reports that a high level of long-term unemployment continues to be a stubborn sour note for the American economy, with a political fight looming over unemployment benefits. Continue reading