Content about Labour economics

March 9, 2012
More jobs, but no change in unemployment rate

Data released Friday morning by the Bureau of Labor statistics show the unemployment rate for February holding at 8.3%. 

The Employment Situation Summary shows employers added 227,000 jobs in the month, slightly more than expected, according to analyst forecasts. It was also the third straight month that employers added more than 200,000 jobs. 

The 8.3% unemployment rate was unchanged from January, but down from 8.9% in February 2011, and way down from 9.7% in February 2010.

January 6, 2012
National unemployment rate declines to 8.5%

More jobs than expected were created in December as the national unemployment rate fell to its lowest level since February 2009.

According to the Employment Situation Summary released today by the Bureau of Labor Statistics, nonfarm payroll rose by 200,000 in December, and the unemployment rate declined slightly to 8.5% -- down from a revised 8.7% in November.

Analysts and economists had expected about 150,000 new jobs in December. 

September 5, 2011
Unemployment holds steady at 9.1%

Data released by the United States Department of Labor Friday showed the unemployment rate remained unchanged at 9.1% in August. 

Employment in construction; trade, transportation and utilities; financial activities; and leisure and hospitality changed little over the month, according to the release. 

In August 2010, the unemployment rate stood at 9.6%.

January 7, 2011
Unemployment rate slips to 9.4%

 

The unemployment rate fell by 0.4 percentage points to 9.4% in December, according to the Bureau of Labor Statistics.

The government also reported non-farm payroll employment increased by 103,000. Employment rose in leisure and hospitality and in health care, but was little changed in other major industries, according to the Friday morning release. The retail trade showed a gain of 12,000 jobs in December, and it has risen by 495,000 since a recent low in September 2009.

 

November 4, 2010
Unemployment rate stuck at 9.6%

The all-important jobs picture showed some improvement in October, but the unemployment rate remains stuck...

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