October 16, 2012 |
The second presidential debate began just as the first did - with a lot of statistics tossed out about jobs and unemployment. Two of them are worth some scrutiny. Mitt Romney said today's unemployment rate of 7.8% grossly understates what's really going on in the economy. Specifically, he said that if the government counted all the people who dropped out of the labor force, the real unemployment rate would be 10.7%. But Romney's figure assumes that the nation's labor-force population in the last few years had kept growing at the same rate as before the recession began in late 2007.
April 19, 2013 |
California's labor market picked up steam last month, according to figures released Friday, as the state's unemployment rate fell to 9.4% and employers added a net 25,500 jobs in March. The March rate was the lowest in California since Dec. 2008, when 9.2% of the state's labor force was out of work. Gains were mostly notched in the professional and business services sector and leisure and hospitality sector, according to data by the U.S. Bureau of Labor Statistics. February's unemployment rate was 9.6%.
May 8, 1989 |
Working women take about one more sick day per year than men, the National Center for Health Statistics reported in a new study today. Women averaged 5.5 lost work days per year, compared to 4.3 missed days for men, in the analysis covering 1983 through 1985. John Gary Collins, one of the authors, declined to speculate on reasons for the difference, saying "there could be many possibilities." He said that comparative figures for men and women, which the National Center for Health Statistics had not collected before, were included in its new study because women now make up such a large portion of the work force.
May 17, 2013 |
California's pace of job creation slowed in April, as employers added 10,300 jobs in April, nevertheless pushing the state's unemployment rate down to 9% from 9.4% the month before. Employers had added twice as many jobs in March as they did in April. They slowed job creation in nearly every sector, including government, financial activities and trade, according to data released Friday morning by the Bureau of Labor Statistics . It's possible that continued uncertainty in Washington, coupled with the effects of the sequester and an expiration of payroll tax cuts is keeping employers' expectations tempered, said Sung Won Sohn, an economist at Cal State Channel Islands.
September 7, 2012 |
U.S. employers added 96,000 jobs in August, the Labor Department said Friday, much fewer than expected. The unemployment rate was revised down, to 8.1% from 8.3% in July, but that's because people dropped out of the labor force. Join us for a live discussion about the state of unemployment and the economy later Friday. The Times will host a Google+ Hangout at 10:30 a.m. PDT with economy reporter Don Lee, markets reporter Andrew Tangel and Business deputy editor Joe Bel Bruno.
October 22, 2013 |
WASHINGTON -- The nation's unemployment rate dropped to a five-year low of 7.2% in September, the government reported Tuesday, but employers continued to show reluctance in hiring as they added a moderate 148,000 jobs over the month. The Labor Department report, delayed 2 1/2 weeks because of the partial federal government shutdown, reflected an economy growing at a lackluster rate. The latest job gains matched the pace since the start of summer but came in below Wall Street's forecast for an increase of about 175,000 jobs.
January 11, 2009 |
The unemployment rate for December, 7.2%, is the number every TV newscaster, economic blogger and talk radio host focused on Friday. That rate, the highest in 16 years, translates into 11.1 million Americans without jobs. But 7.2%% doesn't capture how many people are out of work. By another measure -- from the same employment report -- as much as 13.5% of the labor force is either unemployed or underemployed. The 7.2 figure everyone knows measures something very specific: the portion of people in the work force who wanted to work, looked for a job last month, but weren't working during the first week in December.