Posts Tagged ‘labor force’
Interesting Jobs
With 195,000 new jobs in June, the average monthly gain in the first half of 2013 is 202,000 – way up from the 130,000/month pace when QE3 began. Moreover, the unemployment rate remained unchanged, because 177,000 people joined the labor force! Unfortunately, 112,000 of the new jobs were either in leisure and hospitality or retail…
Read MoreSchool Rules
While the labor market is improving, high school dropouts aren’t seeing it. For dropouts over 25, the unemployment rate is 13%, while it’s just 8.5% for high school grads and 4.2% for persons with a college degree or more. Worse, the labor force participation rate is just 40% for dropouts while it’s 55% for high…
Read MoreJobs Half-Grow
192K jobs in Feb! But wait. Due to storms in Jan let’s avg out job growth in Jan and Feb. That gets us about 125K per month; not much better than in Q4 ’10. So we have positive job growth but no acceleration! This suggests GDP growth of 3% maybe 3.5%; half of what’s needed!…
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