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.
us unemployment
Unemployment Falls to 5-Year Best 6.6%, But Job Creation Weakens to 113,000
The national unemployment rate continues its steady downward fall, to 6.6 percent in January–its best showing since the 6.5 percent rate recorded in October 2008, when it was on its way up–but for the second month in a row, job creation fell far short of expectations, to 113,000. It was a revised 75,000 in December, the worst successive two-month results in a year and a half.
Shutdown-Delayed Unemployment Report: Rate Down to 7.2% But Only 148,000 New Jobs
The September unemployment report due on Oct. 4 was released only at 8:30 this morning, delayed by the 16-day government shutdown. But it could have been predicted, as it follows the pattern of most reports of the past three years: anemic job growth, very slow decline in the unemployment rate, and checkered signs of improvement (or retreat, depending on your point of view) ahead.
Unemployment Rate Ticks Down to 7.3% But Job Creation Is a Hazy 162,000
The 7.3 percent unemployment rate for August is the lowest rate since December 2008, but job creation remains anemic, and June and July figures were revised downward by 74,000 jobs. The economy is still generating barely half the jobs necessary to return to pre-recession health.
Unemployment Falls Slightly, Job Rolls Grow Slightly, Austerity’s Anemia Persists
There’s nothing terribly bad about the July unemployment report, released this morning. There’s nothing terribly good about it, either: the economy added just 162,000 jobs, and the 7.4 percent unemployment rate is the lowest since December 2008, but improvements are at a crawl.
Despite Adding 600,000 Jobs in 3 Months, U.S. Unemployment Remains at 7.6%
The U.S. economy added 195,000 jobs in June, and revised numbers increased April’s and May’s totals by 70,000 for a combined three-month job creation of nearly 600,000 jobs, but the unemployment rate remained at 7.6 percent, only 0.6 percent lower than it was a year ago.
U.S. Economy Adds 175,000 Jobs But Unemployment Rate Rises Again, to 7.6%
The May unemployment rate of 7.6 percent is a decimal increase from April, and only a small decline from the 8.2 percent rate from a year ago as the U.S. economy continues to dawdle along, and in the face of further drags.
Grinding Down: U.S. Unemployment Falls to 7.5% as 165,000 Jobs Are Created
The national unemployment rate ticked down to 7.5 percent in April, from 7.6 percent in March, as the economy added 165,000 jobs, a bit more than analysts had predicted. But job-creation figures for the two previous months were revised upward, with 332,000 jobs created in February (instead of 268,000) and 138,000 in March (instead of 88,000).
U.S. Economy Adds 600,000 Jobs in 3 Months, But Unemployment Edges Up to 7.9%
The nation’s economy added 157,000 jobs in January, and revisions to November and December figures added 127,000 jobs to previous calculations, for a total of 600,000 new jobs in the last three months. Still, the unemployment rate went up a fraction, to 7.9 percent: job growth hasn’t been robust enough to go beyond the natural growth in the workforce.
Economy Unimpressively Adds 155,000 Jobs in Holiday Month as Unemployment Rises to 7.8%
The American economy cannot shake its anemia, adding 155,000 jobs in December–not quite good enough to keep up with normal growth in the labor force, as unemployment edged back up to 7.8 percent.