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WASHINGTON— Unemployment rates fell in two-thirds of U.S. states last month, evidence that modest economic growth is boosting hiring in most areas of the country.
And in many states, unemployment has fallen well below the national average, which was 8.1 percent last month. Rates were lower than 7 percent in 22 states in April. That compares to only 13 states in April 2011.
(WASHINGTON) –Hiring through the rest of 2012 will lag the brisk pace set early this year. But it will be strong enough to push the unemployment rate below 8 percent by Election Day. That’s the view that emerges from an Associated Press survey of 32 leading economists who foresee a gradually brighter jobs picture. Despite [...]
March’s unemployment numbers were mediocre enough to be open to any number of interpretations. Republicans see evidence that the President’s policies have taken us off track. Obama just called it another bump in the road. Here are two reasons to despair and two reasons to celebrate about the latest data
Tomorrow the Labor Department will release its monthly Employment Situation Report, which estimates the number of jobs the U.S. economy added in March as well as the new official unemployment rate. According to Bloomberg News, economists predict that the report will show the economy gained 205,000 jobs in March, roughly in line with a report [...]
Each month the Government and private organizations release dozens of statistics that help market participants and policy makers judge the health of the economy. The Bureau of Labor Statistic’s monthly Employment Situation Report used to be just another one of these statistics – albeit a high profile one.
The economy, the stock market and even the November elections will largely be determined by a group of people who are almost invisible to forecasters.
Just when we were expecting the economy to go boom it went zoom
The headline from this morning’s Labor Department jobs report isn’t cheery: the number of people on payroll fell by 131,000 in July. That’s not the direction we need to be going. The payroll number for June was also revised downward, from 125,000 jobs lost to 221,000. It’s important, though, to look at the difference between what’s going [...]
