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Showing blog posts tagged with jobs report

Economy Adds 209,000 Jobs in July

Economy Adds 209,000 Jobs in July

The economy added 209,000 jobs in July, down from June’s increase of 288,000 new jobs, and the unemployment rate was 6.2%, slightly up from June’s 6.1%, according to figures released this morning by the U.S. Bureau of Labor Statistics.

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What's Really Going on with the Economy?

Since the economic collapse in 2008, premature cries of “recovery and mission accomplished” have repeatedly marred understanding of how the economy continues to struggle and under-perform for all but the very richest Americans. This week, the news has been good, but that news is being used by the “usual suspects” to argue for applying the economic brakes when we still have a long way to get back to full employment.

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BLS June Jobs Report Shows Increase of 288,000 Jobs, Marking Lowest Unemployment Rate Since 2008

BLS June Jobs Report Shows Increase of 288,000 Jobs, Marking Lowest Unemployment Rate Since 2008

The economy added 288,000 jobs in June, up from 217,000 in May, and the unemployment rate was 6.1%, a dip from last month’s 6.3%, according to figures released this morning by the U.S. Bureau of Labor Statistics. This marks the lowest unemployment rate since 2008 and the best five-month stretch of job growth since the early 1990s. 

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June Jobs Report: This Silver Lining Has a Cloud

Every indication is that the Bureau of Labor Statistics report for the June labor market will show large gains in the private sector. We have already surpassed the previous highs of non-farm employment and private-sector employment set in 2008. But this silver lining has a cloud. We remain lagging in public-sector employment. Most importantly, local education employment is still below its June 2009 level. Though it fluctuates slightly month to month, it remains near where it was in 2012, about 320,000 below its peak. While other local government jobs appear to have recovered, local public education has not. State government employment also remains lower than its January 2009 high, languishing about 140,000 below its peak.

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Economy Adds 217,000 New Jobs in May

Economy Adds 217,000 New Jobs in May

The economy added 217,000 new jobs in May, a drop from April’s 288,000 jobs, and the unemployment rate was unchanged at 6.3%, according to figures released this morning by the U.S. Bureau of Labor Statistics.

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288,000 New Jobs Drop Unemployment Rate to 6.3% in April

288,000 New Jobs Drop Unemployment Rate to 6.3% in April

The economy added 288,000 jobs in April, a big boost over March’s 192,000 new jobs. The unemployment rate dropped to 6.3% from last month’s 6.7%, according to figures released this morning by the U.S. Bureau of Labor Statistics.

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Republicans Out on a Limb

The U.S. Bureau of Labor Statistics released its latest numbers this week. Its preliminary number for people on payrolls, reported by private-sector establishments, is 116 million. That figure is higher than the last peak in January 2008, before President Barack Obama took office. This marks 49 straight months of job growth from the second year of the president’s first term. It took four years and three months for both the president and George W. Bush to get private-sector employment back to the level when they took office. The difference is that employment was falling when Obama took office, so it took an additional year to make up for the jobs lost during the Great Recession while Bush was still president.

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Economy Adds 192,000 Jobs in March, Unemployment Rate Remains at 6.7%

Economy Adds 192,000 Jobs in March, Unemployment Rate Remains at 6.7%

The economy added 192,000 jobs in March, but the unemployment rate remained at February’s 6.7% level, according to figures released this morning by the U.S. Bureau of Labor Statistics. March’s job gain outpaced February’s 175,000 increase but is still far short of what is needed to dig the economy out of the job hole left by the Great Recession.

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Solving Inequality

The job numbers came out for February this week. The preliminary numbers show that private-sector employment grew by 162,000, meaning it is very likely that in March, private-sector employment will top its previous peak of 115.9 million in January 2008. That is the good news. The bad news is we will still be down 666,000 jobs from the employment peak in January 2008. While private-sector jobs will recover in March, public-sector jobs will not.

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113,000 Jobs Added in January

113,000 Jobs Added in January

The economy added 113,000 jobs in January—far below what is needed for recovery—and the nation’s unemployment rate was nearly unchanged at 6.6%, compared with December’s 6.7%, according to figures released this morning by the U.S. Bureau of Labor Statistics.

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