The new face of American unemployment, By Jeanna Smialek and Patricia Laya, February 7, 2017, Bloomberg: “Even at so-called full employment, some 20 million Americans are left behind. They’re looking for work, out of the labor force but unhappy about it, or report working part-time when they’d prefer more hours, according to data released last week. Their plight comes even as the U.S. flirts with what economists consider the maximum level of employment for the first time since before the recession, having added 15.8 million jobs since the start of 2010. While some of America’s jobless are simply between gigs, those persistently stuck out of work are called the structurally unemployed…”
Tag: Unemployment rate
January 2017 US Unemployment Rate
U.S. starts year with job surge, but pay gains are weak, By Patricia Cohen, February 3, 2017, New York Times: “Job growth was quick out of the gate in the new year, the government reported on Friday, as employers added a healthy 227,000 workers to their payrolls in January. But despite a surge of local minimum-wage increases in states across the country, wage growth was meager. The official jobless rate rose slightly, to 4.8 percent, but for good cause: More people were lured back into the work force…”
December 2016 US Unemployment Rate
U.S. economy creates a modest 156,000 jobs in December, By Don Lee, January 6, 2017, Los Angeles Times: “Job growth slowed at the end of last year while the unemployment rate ticked higher — signs that the tight labor market is resulting in diminished hiring even as it is pushing wages higher. The U.S. economy added 156,000 net new jobs last month, down from an upwardly revised 204,000 created in November, the Labor Department said Friday…”