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Showing blog posts tagged with jobs report

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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74,000 New Jobs in December; Jobless Rate Dips to 6.7% Because People Are Dropping Out of the Labor Force

74,000 New Jobs in December; Jobless Rate Dips to 6.7% Because People Are Dropping Out of the Labor Force

The nation’s unemployment dropped to 6.7% in December from November's 7%, and the economy added 74,000 new jobs last month compared to the 203,000 new jobs in November, according to figures released this morning by the U.S. Bureau of Labor Statistics.

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Jobless Rate Drops to 7%, with 203,000 New Jobs in November

Jobless Rate Drops to 7%, with 203,000 New Jobs in November

The nation’s unemployment dropped to 7% in November from October’s 7.3%, and the economy added 203,000 new jobs last month compared to the 204,000 new jobs in October, according to figures released this morning by the U.S. Bureau of Labor Statistics.

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204,000 New Jobs Added in October, But Jobless Rate Ticks Up to 7.3%

204,000 New Jobs Added in October, But Jobless Rate Ticks Up to 7.3%

The nation’s economy added 204,000 new jobs in October, compared to 163,000 jobs created in September (revised upward from 148,000), and the jobless rate increased to 7.3% from September’s 7.2% according to figures released this morning by the U.S. Bureau of Labor Statistics.

The jump in the jobless rate is attributable mostly to the 16-day House Republican government shutdown, economists say. Several hundred thousand federal workers and civilian contract workers were furloughed for more than two weeks in October.

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Jobless Rate Dips to 7.2% with Disappointing 148,000 New Jobs in September

Photo credit: AFGE photo/Flckr

The nation’s economy added 148,000 new jobs in September, compared to 169,000 jobs created in August. The 7.2% jobless rate is slightly down from August’s 7.3%, according to figures released this morning by the U.S. Bureau of Labor Statistics.

While today’s report reflects 42 straight months of job growth, the pace is weak, sluggish and just enough to absorb new entrants into the market and makes little dent in the jobs deficit.

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Jobless Numbers Raise Concern on Job Growth

Jobless Numbers Raise Concern on Job Growth

The nation’s economy added 169,000 new jobs in August and the 7.3% jobless rate is down slightly from July’s 7.4%, according to figures released this morning by the U.S. Bureau of Labor Statistics.

The new jobs added were 65,000 more than the 104,000 new jobs in July (revised downward from the 162,000 originally reported), and this is the 41st straight month of tepid job growth—growth is at a rate too slow to fuel a healthy jobs recovery.

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The Puzzle of the Unemployment Rate

The Bureau of Labor Statistics released its latest report on the job market on Aug. 2. It had some good news for African Americans: The black unemployment rate in July dipped to 12.6%, its lowest level since January 2009. The BLS also reported that since August 2012 the unemployment rate for adult black men (those older than 20) remains below its 14.4% level in January 2009 and was reported at 12.5% in July. More importantly, the share of black men holding jobs continues to rebound from its record low of 56.5% in 2011 to 59.2%, almost equal its level of 60.4% in January 2009. That was the good news.

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