Shortcut Navigation:

AFL-CIO Now

Showing blog posts tagged with jobless rate

Jobless Rate Continues Downward Trend, but Job Growth Slows

Jobless Rate Continues Downward Trend, but Job Growth Slows

The nation’s economy added just 88,000 new jobs in March while the jobless rate dipped to 7.6% from February’s 7.7%, according to figures released this morning by the U.S. Bureau of Labor Statistics (BLS).

While the 88,000 jobs created reflect 36 straight months of positive job growth, during the previous 12 months job growth had averaged about 169,000 a month. The small number of new jobs also shows how important it is that Congress repeals the sequester to stop any additional job loss in the public and private sectors. These across-the-board cuts will cost more than 750,000 jobs this year alone and could derail the economic recovery.

Read more and comment »

Jobless Rate Unchanged in December, Economy Adds 155,000 Jobs

Jobless Rate Unchanged in December, Economy Adds 155,000 Jobs

The nation’s economy added 155,000 new jobs in December and the jobless rate was unchanged from November’s adjusted 7.8%, according to figures released this morning by the U.S. Bureau of Labor Statistics (BLS). The 155,000 jobs created reflect 34 straight months of positive job growth.

Read more and comment »

October BLS Jobs Report: Workers Gain Confidence as Jobs Continue to Grow

The economy added 171,000 new jobs in October—the 32nd straight month of positive job growth—according to figures released this morning by the U.S. Bureau of Labor Statistics (BLS). The nation’s unemployment rate was essentially unchanged at 7.9%, up slightly from September’s 7.8%. The labor force grew by more than half a million workers in October, which is a positive sign, as more workers are seeking and finding jobs. The number of discouraged and involuntary part-time workers has fallen since last year.  

The newly created jobs exceeded most economists’ predictions of 100,000 to 125,000 new jobs for the month. Also, September payrolls were revised to a gain of 148,000 from an initially reported 114,000, and August to 192,000 from 142,000.

Read more and comment »

Tell Us What You Think: What’s Wrong With the U.S. Economy? The Long Answer.

This is the second of a four-part series describing what went wrong with America’s economy and how to fix it. See Part 3 tomorrow and read Part 1: "Tell Us What You Think: What’s Wrong With the U.S. Economy? The Real Scoop"—and please leave a comment to tell us what you think. (Click the chart to enlarge.)

If the short answer is “we’re still recovering from the Crash of 2008,” the long answer is “there was obviously something wrong with the economy long before the Crash of 2008.” 

There were obvious warning signs during the Bush years that should have set off alarm bells.  Most importantly, wages and middle-class family incomes were dead in the water.  The median income for working-age families started falling in 2000 and never recovered during the 2001-2007 recovery.

Read more and comment »

States that Boost the Minimum Wage Have Less Job Loss in a Recession

NE min wage

A new study finds that when states raised the minimum wage in recent recessions, their economies suffered less job loss than those that did not (click on chart at left to expand).

Read more and comment »

1 Job for Every 3.4 Jobless Workers—Skills Shortage Isn't the Problem

Republicans in Congress and the Beltway pundits who parrot them like to say the nation's unemployment crisis is in large part due to workers' lack of skills.

Once again, a new report shows they are wrong.

Data out yesterday show that although the number of jobs is increasing, there still are far fewer jobs per worker available.

Read more and comment »

March Job Growth Weaker than Expected

The U.S. economy added 120,000 jobs last month and the unemployment rate dipped slightly to 8.2 percent, according to the Labor Department report released this morning. Economists had predicted stronger job growth, in line with recent months when 200,000 or more jobs were created.

Read more and comment »

Taxes Go Down for the Wealthy, Income Gap Worsens

Just in time for April 15, new data shows that since 1979, the nation’s overall average tax rate—the share of income paid in taxes—has fallen slightly, but for those at the top of the earnings ladder, this share has fallen dramatically. The analysis by the Economic Policy Institute (EPI) also points out:

At the same time that the tax burden has shifted away from the wealthy, this same top income group has enjoyed massively disproportionate income gains. Between 1992 and 2007, a time in which income for the average household and top one percent grew 13 percent and 123 percent, respectively, the income for the top 400 households grew fully 399 percent.

Read more and comment »

Online Community

Take Action

Stop Fast Track

Sign the petition and tell Congress to stop the Fast Track bill, it's undemocratic and bad for working families.

Connect With Us

  • Facebook
  • Twitter
  • YouTube
  • Flickr

Get Email from AFL-CIO

Are you a union member?

GET TEXT FROM AFL-CIO

*Message and data rates may apply.

Facebook Favorites

Blogs

Join Us Online