Posts Tagged ‘job creation’

200,000 New Jobs in December, But This Is January.

January 7, 2012

200,000 New Jobs in December, But This Is January.

The December 2011 employment figures are out, and the Bureau of Labor Statistics reports that last month saw an increase of 200,000 new jobs.  At that rate it will be a mere 65 months before we get to full employment.

The BLS adjusts these statistics to account for seasonal variations so that temporary holiday jobs — evergreen salesmen, reindeer renters, maids-a-milking, department store Santas  — don’t distort the figures.  Some analysts aren’t sure the Bureau understands our 21st century retail supply chain, where orders on the InterWebz make temporary work for thousands of migratory warehouse gypsies and delivery drivers. Stay tuned for next month’s job numbers.

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(un)Employment Report: No New Jobs

September 3, 2011

(un)Employment Report: No New Jobs

The Bureau of Labor Statistics has released the jobless numbers for August 2011.

The official unemployment rate, the one in the headlines, is 9.1%. The real unemployment rate: 16.2% (includes people who no longer get unemployment benefits, need work but have stopped looking because it’s futile, or have only found part-time work). The official rate hasn’t changed from last month, the real rate has grown by a tenth of a percent. Learn more here.

45,000 jobs were temporarily lost in the Verizon strike, and those workers are back on the payroll this month, but the 17,000 government jobs eliminated last month are permanently gone. While 62,000 private sector jobs were added in August, this is no comfort to America’s 14 million unemployed.  More that 6 million of them have been out of work for over six months.

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(un)Employment News

July 8, 2011

(un)Employment News

The Bureau of Labor Statistics has released the jobless numbers for June 2011.  Observers expected 100,000 new jobs; only 18,000 were created. 25,000 state and local government workers were laid off.  6.3 million Americans have been unemployed for 27 weeks or longer.

The official unemployment rate, the one in the headlines, is 9.2%. The real unemployment rate: 16.2% (includes people who no longer get unemployment benefits, need work but have stopped looking because it’s futile, or have only found part-time work). Learn more here.

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Employment Report: Only 7 Million More New Jobs Needed

June 2, 2011

Employment Report: Only 7 Million More New Jobs Needed

“At the rate of last month’s dismal job creation, it will take more than 15 years for America to replace the 7 million jobs that vanished in this Great Recession. The awful new job numbers — just 38,000 in May when economists say the country needs at least 244,000 new jobs per month if the United States is to ever climb out of its hole — are the latest sign America is beginning a new brutal phase of the endless crisis.”

— “Nation Needs To Replace 6,955,000 Pre-Recession Jobs; 38,000 Created Last Month,” Ken Layne, Wonkette

The Republican geniuses responsible for the global crash have an answer: pull even more money out of America’s economy.

Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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