Showing posts with label Economy. Show all posts

Geography of unemployment

The unemployment map has been updated through July 2010. Our original post on the earlier map is here.

Economy up - unemployment, Dow down

The Bureau of Labor Statistics (BLS) released the July jobs report today. Private sector employment increased by 154,000 jobs, but that gain was partially offset by continuing loss of public sector jobs. Unemployment declined marginally to 9.1%. Dow drops 500, worst day since 2008 financial crisis.

Ten year recovery?

The Center for Economic Policy and Research released a depressing study on job loss which suggests the jobs deficit wont be erased until 2021.

McJobs

McDonald's has announced it plans to hire an additional 50,000 employees. It also said it intended to gentrify the pejorative term "McJobs" making it mean something better than low wage no benefit work.

Jobs created in March

Although the unemployment rate remained at 9.7%, the economy gained 162,000 jobs.

Unemployment drops in March

Unemployment in March fell to 8.8%, a two year low. The full Bureau of Labor Statistics report is here.

Net job loss caused by public sector decline

Government sector employment declined by 159,000 last month while private sector jobs increased by 64,000 according to the Bureau of Labor Statistics. The unemployment rate remained at 9.6%.

Jobs and more jobs

According to a report released by Automatic Data Processing (ADP), a private payroll servicing firm, December private sector jobs creation topped a whopping 300,000. There are skeptics. The Bureau of Labor Statistics (BLS) official report will issue Friday.

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