- August jobs report: economy adds 201,000 jobs; 3.9 percent unemployment, By Bill Chappell, September 7, 2018, National Public Radio: “The U.S. economy added 201,000 jobs in August, the Labor Department said on Friday, continuing its nearly eight-year streak of monthly gains. The unemployment rate remained unchanged at a very low 3.9 percent…”
- Economy adds more jobs than expected in August, and wage growth hits post-recession high, By Jeff Cox, September 5, 2018, CNBC: “Long-awaited wage growth posted its biggest increase of the economic recovery in August while payroll gains beat expectations and the unemployment rate held near a generational low of 3.9 percent, according to a Bureau of Labor Statistics report Friday…”
Tag: Jobs
Job Corps Program
$1.7 Billion federal job training program is ‘failing the students’, By Glenn Thrush, August 26, 2018, New York Times: “The North Texas Job Corps Center squats behind a chain-link fence here in a suburb north of Dallas, accessible only through a gate manned 24 hours a day by guards hired to keep out intruders — and to keep in the center’s 436 students. ‘It’s a little bit like prison,’ said Donnell Strange, 17, who joined the electrical apprenticeship program about six months ago after struggling in school back home in Mansfield, near Dallas. This is not what the founders of a flagship federal program with a $1.7 billion annual budget — an iconic Great Society program meant to prepare impoverished young people for the work force — had in mind…”
Youth Unemployment
Youth unemployment hits a 50-year low, but there’s a catch, By Aimee Picchi, August 17, 2018, CBS News: “There’s a good news/bad news situation with youth unemployment. More young Americans — defined by the Bureau of Labor Statistics as people between the ages of 16 to 24 — are working this summer, pushing the unemployment rate for the group to a 52-year low. But there’s a catch: the labor force participation rate for young Americans remains below its 1989 peak…”