After nine months in the 6 percent range, the national unemployment rate in September fell to 5.9 percent, reaching a level last seen in July 2008, when it was rising fast.
us economy
Tepid Jobs Report Leaves Unemployment at 6.1% With Lowest Job Creation Since January
The economy created just 142,000 jobs in August, the Labor Department reported this morning, the lowest total since January, when 129,000 jobs were created. The unemployment rate dropped by just a decimal point, to 6.1 percent.
Do the Math: You Couldn’t Live On Minimum Wage
Imagine living on $290 a week before taxes. It’s not a wage you can live on, Mark O’Brien, a minimum wage earner for a time recently, argues, challenging opponents of raising the minimum wage to try it for themselves.
Economy Adds 209,000 Jobs But Unemployment Rate Ticks Up to 6.2%
Mediocre: it’s the The best that can be said about the unemployment report for July as the economy added 209,000 jobs, about 20,000 jobs short of expectations, and the unemployment rate edged up to 6.2 percent, from 6.1 percent the previous month.
Consumer Confidence in Florida Hits Another Post-Recession High as US Economy Grows 4%
The consumer-confidence report coincides with the Department of Commerce’s report Wednesday morning that the national economy grew at a brisk annual 4 percent rate in the second quarter, compared to a shrinking of 2.1 percent in the first quarter.
Flagler Unemployment Ticks Up For 2nd Straight Month, Masking Vast Improvements
Despite traditional unemployment figures, the jobs situation in Flagler County is vastly improved, and continues to improve, with a 38 percent drop in people without jobs since four years ago and a labor force stronger by 3,000.
288,000 New Jobs in June Add Up to 2.5 Million This Year, Most in Eight Years
Unlike in previous months, the bright jobs picture in June was the result of more people getting jobs and fewer people losing them–as opposed to more people dropping out of the labor force.
Job Creation Exceeds 200,000 For 4th Straight Month Despite Slowdown in Economic Growth
Despite a first-quarter decline of 1 percent in economic growth, the economy added 217,000 jobs in May for a total of 1.05 million jobs so far this year, a robust, sustained growth not seen since the end of the Great Recession.
Hiding Behind Barricades of Indifference as Income Disparities Corrode the Social Contract
The very rich, who are already less and less in touch with the lives of ordinary Americans, will further barricade themselves to avoid having to witness the decline of a country that is no longer about ensuring a decent standard of living for the greatest number of people.
Unemployment Falls Sharply to 6.3% as Economy Adds Nearly 300,000 Jobs, But Labor Pool Shrinks
People are reentering the workforce, they’re applying for work, they’re finding jobs, with an economy in April adding more net jobs for the 50th consecutive month–ironically, one of the longest peace-time recoveries on record, following the Great Recession of 2007-08. But a huge number of people are also leaving the workforce. That has resulted in an unemployment report for April that looks very bright at first, but that dims somewhat when analyzed more closely.