Tuesday, May 11, 2010

The Jobs Environment

Employment figures are moving in the correct direction. Via Bureau of labor statistics: Nonfarm payroll employment rose by 290,000 in April, the unemployment rate edged up to 9.9 percent, and the labor force increased sharply, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in manufacturing, professional and business services, health care, and leisure and hospitality. Federal government employment also rose, reflecting continued hiring of temporary workers for Census 2010.


Steve Benin at Political Animal keeps a chart showing the results.

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Sunday, January 10, 2010

The Labor Situation

The employment rate continues to struggle out of the ditch. The Employment Situation Survey which was released the Bureau of Labor Statistics on Friday showed a slight slip in December from November.

Nonfarm payroll employment edged down (-85,000) in December, and the unem-ployment rate was unchanged at 10.0 percent, the U.S. Bureau of Labor Statis- tics reported today. Employment fell in construction, manufacturing, and wholesale trade, while temporary help services and health care added jobs.

The feeling across the nation still is fairly pessimistic, although I think people feel we are over the worst of it.


About 2.5 million persons were marginally attached to the labor force in December, an increase of 578,000 from a year earlier. (The data are not sea- sonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-13.)

Among the marginally attached, there were 929,000 discouraged workers in December, up from 642,000 a year earlier. (The data are not seasonally ad- justed.) Discouraged workers are persons not currently looking for work be- cause they believe no jobs are available for them. The remaining 1.6 million persons marginally attached to the labor force had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities.