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The Hiring Hare Will Soon Morph Into a Tortoise
Keywords:
Tags: Current Focus, United States,
The strong U.S. job gains of 243,000, according to the Labor Department for January 2012, is a result of unusual factors and is not likely to last. Warmer than usual winter has permitted more construction activity and construction payrolls increased in Dec. and Jan. Another factor is that businesses are making up for labor requirements after the pause during the middle of 2011 from the tsunami and earthquake in Japan, and the uncertainty created by the debt ceiling crisis. The eurozone crisis, and weakness in housing will continue to affect the economy and hiring. The average for jobs created in the last 12 months was 163,000 each month. This rate of growth in jobs will reduce the unemployment rate in 2012, with fluctuations as an improved job market will bring more discouraged workers back looking for work.
The complex picture presented by the surveys of the Bureau of Labor Statistics on unemployment and making sense of what they mean
01/07/2012
The Department of Labor's Bureau of Labor Statistics has two surveys the payroll survey of 400,000 establishements is the emplyer survey and gives the number of jobs added in nonfarm payrolls. The other survey is the Household survey which is based on 600,000 households and gives the unemployment rate. The number of jobs added in the employer survey of payrolls is revised sometimes by hundreds of thousands. The unemployment rate is based on the number of people looking for jobs. If people are discouraged and stop looking the unemployment rate may look better, and conversely if people feel encouraged and start looking the rate can be worse. The unemployment rate can also look better even when jobs are coming in at less than the 125,000 jobs a month that account for population growth to keep the unemployment rate stable.
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Job Numbers Mask Complex Picture
Wall Street Journal 01/07/2012
The Hiring Hare Will Soon Morph Into a Tortoise
Wall Street Journal 02/03/2012
Jobs Data Show Sustained Growth
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Depsite the latest jobs report, we’re still losing the unemployment war - The Washington Post
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The U-6, broad measure of labor underutilization in the USA.
10/08/2010
This figure reached 17.1% in the USA in September 2010, according to the Labor Department.
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It's Still Bad for the Long Term Unemployed
New York Times 04/04/2014
'Real Unemployment' Rate Points in the Wrong Direction
New York Times 04/04/2014
Broader U-6 Jobless Rate up to 17.1%: Why the Jump?
Wall Street Journal 10/08/2010
Job Numbers Mask Complex Picture
Wall Street Journal 01/07/2012
The Hiring Hare Will Soon Morph Into a Tortoise
Wall Street Journal 02/03/2012
Jobs Data Show Sustained Growth
Wall Street Journal 02/03/2012
U.S. Labor department job reports for 2012
02/03/2012
Grouped Articles
Jobs Data Show Sustained Growth
Wall Street Journal 02/03/2012
The Hiring Hare Will Soon Morph Into a Tortoise
Wall Street Journal 02/03/2012
Depsite the latest jobs report, we’re still losing the unemployment war - The Washington Post
Washington Post 02/04/2012
Wait, the U.S. economy actually lost 1.2 million jobs in July? | Wonkblog
Washington Post 08/06/2012
The different picture presented by the ADP jobs numbers and the Labor Department jobs numbers for U.S. unemployment
01/05/2012
Grouped Articles
Jobs Data May Be Icing on America's Birthday Cake
Wall Street Journal 07/03/2014
Strong ADP Jobs Gain Needs Grain of Salt
Wall Street Journal 01/05/2012
Job Numbers Mask Complex Picture
Wall Street Journal 01/07/2012
The Hiring Hare Will Soon Morph Into a Tortoise
Wall Street Journal 02/03/2012
Jobs Data Show Sustained Growth
Wall Street Journal 02/03/2012
Piecing Together the Job-Picture Puzzle
Wall Street Journal 03/12/2012
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