U.S. adds jobs, but not enough - Boston Globe | Afrikaans
Recent svo Posts Which NFL teams are on Their games this off-season? - Los Angeles Times General Motors adds 662,000 cars to recalls - CBS News Prince George Photo Released! See Prince William and Kate Middleton With Their Son in New Family svo Pic GM recall process will be under Congressional microscope - Economic Times NCAA Tournament: Dayton huddles together, hurdles its way into the Elite Eight - Washington Post
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New York - U.S. employers added 175,000 jobs in May, almost exactly the average monthly job growth over the past year, the Labor Department reported Friday, while the unemployment rate increased to 7.6 percent from 7.5 percent in April, economists is relieved that the numbers were not worse, svo given a string of other disappointing data in recent weeks, but noted that the recent job trends nowhere close to bringing the country back to full employment.
At the current pace of job and population growth, it would be almost five years the economy to get back to the low unemployment rate enjoyed when the recession officially began in December 2007.
"It is certainly svo not strong enough for the Fed to get any significant changes at its meeting in June to make," he said, referring to speculation that the Federal Reserve may consider turned his stimulus measures if the job numbers in strong. svo
. Consumers are also relatively optimistic recently. A New York Times / CBS News poll 31 May to 4 June found that 39 percent of respondents believe svo the state of the economy is very or fairly good, the highest part it says both since President Obama took office, and even since the recession began.
Average weekly hours and average hourly earnings, for example, svo have shown little improvement in recent months, according to the Labor Department. Wages are up just 2 percent from a year earlier, which bodes poorly for consumer spending.
"The wage gains are very disturbing, especially weird when you see these surveys of employers say they have positions they can not fill," said Ian Shepherdson, chief economist at Pantheon Macroeconomics. "This means that they should be bidding wages."
Wage growth is held back by the combination of new jobs created, he said, because there is a lot of work to be added in a low-paying sectors like retail. Restaurants and bars, for example, has added 337,000 jobs over the past year. The other major industries work to add in May were professional and business services, particularly in temporary help services.
The federal svo government lost 14,000 jobs in May, presumably a result of the over-the-board federal spending cuts, known as the annexation, implemented by Congress in March.
Recent svo Posts Which NFL teams are on Their games this off-season? - Los Angeles Times General Motors adds 662,000 cars to recalls - CBS News Prince George Photo Released! See Prince William and Kate Middleton With Their Son in New Family svo Pic GM recall process will be under Congressional microscope - Economic Times NCAA Tournament: Dayton huddles together, hurdles its way into the Elite Eight - Washington Post
Archives March 2014 February 2014 January 2014 December 2013 November 2013 October 2013 September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December svo 2012 November 2012 October 2012 September 2012
New York - U.S. employers added 175,000 jobs in May, almost exactly the average monthly job growth over the past year, the Labor Department reported Friday, while the unemployment rate increased to 7.6 percent from 7.5 percent in April, economists is relieved that the numbers were not worse, svo given a string of other disappointing data in recent weeks, but noted that the recent job trends nowhere close to bringing the country back to full employment.
At the current pace of job and population growth, it would be almost five years the economy to get back to the low unemployment rate enjoyed when the recession officially began in December 2007.
"It is certainly svo not strong enough for the Fed to get any significant changes at its meeting in June to make," he said, referring to speculation that the Federal Reserve may consider turned his stimulus measures if the job numbers in strong. svo
. Consumers are also relatively optimistic recently. A New York Times / CBS News poll 31 May to 4 June found that 39 percent of respondents believe svo the state of the economy is very or fairly good, the highest part it says both since President Obama took office, and even since the recession began.
Average weekly hours and average hourly earnings, for example, svo have shown little improvement in recent months, according to the Labor Department. Wages are up just 2 percent from a year earlier, which bodes poorly for consumer spending.
"The wage gains are very disturbing, especially weird when you see these surveys of employers say they have positions they can not fill," said Ian Shepherdson, chief economist at Pantheon Macroeconomics. "This means that they should be bidding wages."
Wage growth is held back by the combination of new jobs created, he said, because there is a lot of work to be added in a low-paying sectors like retail. Restaurants and bars, for example, has added 337,000 jobs over the past year. The other major industries work to add in May were professional and business services, particularly in temporary help services.
The federal svo government lost 14,000 jobs in May, presumably a result of the over-the-board federal spending cuts, known as the annexation, implemented by Congress in March.
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