December 5, 2012 |
WASHINGTON -- The U.S. job market looks like it took a big but not devastating blow last month from Hurricane Sandy. In a report ahead of Friday's government release of monthly employment statistics, the payroll processor Automatic Data Processing Inc. said the U.S. economy added 118,000 private-sector jobs in November. Although that's down from the 158,000 new private-sector jobs that ADP estimated for October, that growth didn't fall more sharply lends hope that the severe storms that wreaked havoc in the Northeast in late October didn't slam the employment market as hard as some people had feared.
November 21, 2012 |
WASHINGTON -- New jobless claims dropped sharply last week to a still-high 410,000 as the effect of Superstorm Sandy probably eased. The figure for the week ending Nov. 17 was down 41,000 from the previous week's revised figure of 451,000. But the 410,000 new claims, which was in line with analyst expectations, still were well above the four-week average of 396,250. The high levels the last two weeks reversed a yearlong downward trend as the job market improved. Until the week ending Nov. 10, initial jobless claims hadn't topped 400,000 since mid-October of 2011.
November 3, 2012 |
WASHINGTON - The final major economic report before election day, showing employers added a solid 171,000 new jobs in October, may not change many minds, but it does suggest that whoever wins Tuesday could enjoy increased economic momentum heading into next year. Businesses stepped up their hiring last month, and more people jumped back into the job market, signs that the economy is picking up steam even as unemployment remains high. Job numbers expanded across a broad range of industries, including the long-depressed construction sector.
October 5, 2012 |
Sen. Daniel P. Moynihan famously said that people were entitled to their own opinions but not to their own facts. With the news that unemployment slipped under 8% for the first time in about four years, some right-wing ideologues are flailing about for their own facts. In the process, they don't mind slandering the people who produce the nation's jobs numbers. The 7.8% unemployment number doesn't exactly signal a bonanza for Americans, but it's enough of an improvement that supporters of Mitt Romney obviously worry some voters may think that President Obama's stewardship of the economy is finally paying small dividends.
October 3, 2012 |
In describing the economic hardships under President Obama's stewardship, Mitt Romney asserted that 23 million people are out of work or have stopped looking for work. But that's stretching the truth. To get at that figure, Romney lumped together three groups of people: the unemployed; those working part-time jobs who want full-time work; and people who are out of work and have stopped looking for jobs for various reasons. Here's how the Bureau of Labor Statistics broke down those numbers for August, the most recent month available: There were 12.5 million people officially unemployed, and this is the figure that is used to make up the jobless figure, most recently 8.1%.
September 18, 2012 |
Navigating the job market without a college degree is harder than ever, but there are plenty of solid jobs in the U.S. that don't require degrees, according to a new report. Some 29 million so-called middle jobs - those with annual salaries of more than $35,000 but that don't require college degrees - exist in the U.S., according to a report from the Georgetown University Center on Education and the Workforce. That's 1 in 5 jobs. Of those, 11 million pay $50,000 or more a year.
September 17, 2012 |
Navigating the job market without a college degree is harder than ever, but there are still plenty of solid jobs to be had, according to a new report. Some 29 million jobs with annual salaries of more than $35,000 exist for those who haven't finished college, according to a report from the Georgetown University Center on Education and the Workforce. That's one in every five jobs. Of those, 11 million jobs pay $50,000 or more a year. Of all so-called middle jobs, roughly half are office jobs, a third are blue-collar positions and the rest are roles in healthcare and technical occupations.
September 7, 2012 |
WASHINGTON - Job growth slowed significantly and droves of workers dropped out of the labor market in August, increasing the odds that the Federal Reserve will step in to boost the economy and highlighting the political peril a continued sluggish recovery poses for President Obama's reelection. Employers added 96,000 jobs last month, below the expectations of most economists, and down from 141,000 in July. Manufacturers shaved their payrolls for the first time in about a year, and budget-constrained state and local governments continued to cut workers, the Bureau of Labor Statistics reported Friday.
September 6, 2012 |
President Obama may get a boost after his convention speech Thursday night, but will it all be for naught the next morning when the monthly jobs report is released? Right now, things are looking up for Obama: A pair of fresh reports Thursday suggests that the national jobs statistics for August are likely to turn out brighter than forecast. Automatic Data Processing, a payroll processing firm that tracks employment, said that by its measure, private-sector employers added 201,000 jobs last month - the biggest gain in five months.
September 5, 2012 |
Only 27% of people older than age 15 globally are working more than 30 hours a week for an employer, according to a new report from Gallup. The percentage is highest in North America, where it's 41%. But in sub-Saharan Africa, just 12% of adults work full time for a boss other than themselves. The European Union has 32% of its population in such a situation. In the Middle East and North Africa, it's 18%. That excludes those who are self-employed, working part time, unemployed or out of the workforce.