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.

Former Labor Secretary Robert Reich pens a 2 minute overview of the American economy over the last 75 years. The past was rosy, the present not so.

Toyota has announced a joint venture with Tesla to reopen NUMMI and hire 1000 workers. While this does not reinstate the facility to its pre-closure size, it is welcome news in recession ravaged California. Previous posts about the NUMMI closure are here and here.

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

Paul Krugman says its because there was inadequate government spending on things that create jobs.

According to a recent survey, more than half of unemployed workers receiving a job offer received one involving at least a 25% reduction from their former compensation.

Only the political crazies still complain about saving our domestic auto companies being a bad idea. GM is creating jobs again, and that is indisputably a good thing.

OK, its Andy Stern, but at least he's thinking big about jobs. The job sharing idea is real intriguing, it appears to have worked in Germany earlier this year, and it has support from the left and the right.

The August unemployment situation (9.6%) is little changed from the previous month (9.5%), but the expectations game was for the figures to be worse. The Bureau of Labor Statistics released its August unemployment report today. It shows a net loss of 54,000 jobs, the loss resulting from the discontinuation of 114,000 temporary census jobs which offset stronger than expected private sector increases (67,000).