The Pardu

The Pardu
Watchful eyes and ears feed the brain, thus nourishing the brain cells.
Showing posts with label August Jobs Report. Show all posts
Showing posts with label August Jobs Report. Show all posts

Friday, September 4, 2015

TPI Quick Hit: August Jobs Report

chart showing 66 months of  private sector job growth
See Dept. of Labor (below CNN Money video)

Jobs created in August did not meet expectations (forecasts, hopes, and GOP disdain), but nonetheless a report that indicates the best all around jobs growth since the Clinton Era.

August-jobs-report. CNN Money

Department of Labor

What You Should Know About the August Unemployment Numbers

Filed in DataDOLSecretary Perez by  on September 4, 2015 

The strong and steady recovery of the U.S. economy continued last month, with the addition of 173,000 new jobs. August was the 66th consecutive month of private sector job growth with private employers having now created 13.1 million jobs since the beginning of 2010.

The unemployment rate continues to fall, with August’s rate at 5.1 percent, down from a year ago when it was 6.1 percent. That makes a full year below 6 percent, following more than six years (73 straight months) of an unemployment rate above 6 percent.

We saw growth in different sectors of the economy in August, for instance in health care, a sector that includes traditional occupations like nursing and jobs of the future like health IT. Local governments were also hiring, creating thousands of jobs such as teachers as our children head back to school in the fall.

While the Great Recession is behind us, not every household is experiencing rising incomes and living standards. So many people are still struggling to find work. Even many of those who have jobs find themselves running in place, still unable to get ahead despite working harder than ever. For an even more robust recovery that lifts up more people, we need Congress to come together to raise the national minimum wage and pass a transportation infrastructure bill, along with avoiding self-inflicted wounds by eliminating sequestration.

It’s also critical that workers have the ability to stand up and speak out for better wages, benefits and working conditions. The labor movement and union membership have traditionally been our most powerful expressions of worker voice. Next month when President Obama convenes a Summit on Worker Voice, we will focus on ways to strengthen organizing efforts and protect collective bargaining rights, in addition to exploring new models for empowering workers.
In my travels around the country over the last month, I’ve met with workers, employers and community leaders who are working together to build an economy that expands opportunity for everyone. They share the president’s belief and my belief that we build a stronger nation through shared prosperity, that America is at its best when more people have more.

As we celebrate Labor Day this weekend, let’s remember that this is a holiday about more than picnics, barbecues and enjoying the final, fleeting days of summer. It is a tribute to the ingenuity and mettle of America’s extraordinary working men and women. For everything they contribute to our economic strength and resilience, let’s do everything possible to help them thrive.

Follow Secretary Perez on Twitter and Instagram as @LaborSec. 

And, what you have above is the very reason the GOP has no (NONE) interest in injecting the US economy in their quest for the Oval Office in 2016.

Saturday, September 6, 2014

Jobs? And "Economist" Frown At The 142,000 as "Weak"

Jobs, Budget, US Economy
Posted with permission from CBPP
Off the Charts: Policy Insight Beyond the Numbers

Today’s Jobs Report in Pictures

September 5, 2014 at 9:39 am
Today’s disappointing jobs report, while perhaps only a temporary blip in an ongoing labor market recovery, is nevertheless a sober reminder of how devastating the Great Recession and subsequent prolonged jobs slump has been for American workers.  In particular, the share of the population with a job, which plunged to low levels not seen since the early 1980s, has since risen only modestly even though we now are more than five years into the recovery.  In addition, the share of the labor force that is working fewer hours than it would like remains elevated, and unusually high long-term unemployment persists.
Click here for my full statement with further analysis.
Share of population with a job remains near recession levels
Long-term unemployment
Monthly job growth
Job losses were particularly high
Unemployment rate