june jobs report
It was a great month for the economy.
June Jobs Report: Continued, Solid Gains, But That 5.3 Percent Unemployment Rate Makes the Job Market Look Better Than It Is
As the job market has gradually tightened, I've expected to see some upward movement in the labor force participation rate, as labor demand pulled more people into the workforce. The fact that this has yet to occur suggests that there is much more slack than the 5.3 percent unemployment rate suggests.
Most economists say annualized growth likely reached a solid 3 percent to 3.5 percent in the April-June quarter. Growth over
The June jobs report shows we lost 6,000 jobs in manufacturing, but added 9,000 in garden supply stores and 19,000 at amusement parks and casinos. Is this the picture of a healthy economic superpower?
From watching cable, you'd think the only news this week was the George Zimmerman trial. But as CNN spent Wednesday breathlessly team-covering every angle of some badly-Skyped-in testimony, a hint of other news appeared in a small box on-screen, captioned "coup under way." That was, of course, referring to the fact that Egyptian President Mohammed Morsi was being toppled. Is this monomaniacal coverage really the best way to honor Trayvon Martin's memory? It was enough to send me clicking over to the Golf Channel -- and I don't even play, though I did learn what a mulligan is. If the media took one, maybe next time, in addition to Egypt, they'd also cover yet another middling jobs report released on Friday, which showed the economy adding mostly low-wage jobs and still on pace to reach full-employment only by decade's end. But don't tell anybody.
This report, with its positive revisions, a whiff of increased labor force participation, and a bit of pop in wages suggests not just an improving job market, but one that's improving a bit faster than we thought.
Democratic National Committee Chair Debbie Wasserman Schultz (D-Fla.) echoed Krueger's sentiments on Twitter. "It is critical
Despite the solid pace of hiring, the economy is growing sluggishly. It expanded at a 1.8 percent annual rate in the January
"Recent progress on jobs is par for the course in a lackluster expansion," Jim Baird, chief investment officer for Plante
You can select a candidate in a dozen different ways: by their party, looks, commercials, endorsements or just as an expression of naked self-interest. But only questions force the candidates to justify themselves to us as custodians of the American dream.