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September 8, 2012
thedailyfeed:

Yesterday’s dismal jobs report showed the lowest labor participation rate in 31 years. 

Employers added only 96,000 workers in August, down sharply from the 141,000 in July and well below the 100,000 to 150,000 jobs needed just to keep pace with growth in the labor market.
The weak report aside, the unemployment rate still dropped — from 8.3 percent to 8.1 percent — because many of the out-of-work simply gave up. And only two out of three working-age Americans either had a job or were looking for one last month, the lowest level since Ronald Reagan took office.
“The economy is crawling up the down escalator,” said Patrick O’Keefe, head of economic research at financial consulting firm J.H. Cohn in Roseland, N.J.


Potential presidential debate question: How do we encourage people who have given up on finding work to  ”participate” again?

thedailyfeed:

Yesterday’s dismal jobs report showed the lowest labor participation rate in 31 years

Employers added only 96,000 workers in August, down sharply from the 141,000 in July and well below the 100,000 to 150,000 jobs needed just to keep pace with growth in the labor market.

The weak report aside, the unemployment rate still dropped — from 8.3 percent to 8.1 percent — because many of the out-of-work simply gave up. And only two out of three working-age Americans either had a job or were looking for one last month, the lowest level since Ronald Reagan took office.

“The economy is crawling up the down escalator,” said Patrick O’Keefe, head of economic research at financial consulting firm J.H. Cohn in Roseland, N.J.

Potential presidential debate question: How do we encourage people who have given up on finding work to  ”participate” again?

(via thedailyfeed)

14:17 // 1 year ago
September 3, 2011
azspot:

Comparing Recessions and Recoveries: Job Changes

Perspective on what we’re dealing with, guys: “Horizontal axis shows months. Vertical axis shows the ratio of that month’s nonfarm payrolls to the nonfarm payrolls at the start of recession. Note: Because employment is a lagging indicator, the dates for these employment trends are not exactly synchronized with National Bureau of Economic Research’s official business cycle dates.”

azspot:

Comparing Recessions and Recoveries: Job Changes

Perspective on what we’re dealing with, guys: “Horizontal axis shows months. Vertical axis shows the ratio of that month’s nonfarm payrolls to the nonfarm payrolls at the start of recession. Note: Because employment is a lagging indicator, the dates for these employment trends are not exactly synchronized with National Bureau of Economic Research’s official business cycle dates.”

11:41 // 2 years ago
November 22, 2010

Office Hours: On getting people work, and the Beveridge Curve

nathanjonny asks: what do you think the US goverment should do to save the industry, i mean the economy of usa depends competly of the foreing handwork now.

» We say: The thing that would sincerely help more than anything would be to encourage jobs in industries that need them. We have incredible disparities between where the jobs are and where they need to be, and some of that is responsible for the unemployment rate. (There’s a whole concept about this called the Beveridge Curve, which surprisingly doesn’t make us thirsty.) One thought we have is that the government needs to put some of its money into training people in fields that are actually seeing lots of growth, like information technology. The problem that we’re seeing is that there are jobs out there but more people need to be qualified for them. We need fewer psychology majors and more computer science majors. And more people getting education in their later years. (It’s our Office Hours! Ask us a question!)

21:44 // 3 years ago
October 6, 2010

September offered more good news for job growth (sarcasm)

  • 39,000 private sector job cuts (meh) source
10:08 // 3 years ago