… BUT SO DOES THE NATION’S LABOR FORCE
The American economy created an estimated 146,000 jobs in November, according to government statistics. As a result the nation’s jobless rate to decline from 7.9 to 7.7 percent. The nation’s underemployment rate – a broader, more accurate measure of joblessness – also declined, from 14.6 to 14.4 [...]
… BUT SO DOES THE NATION’S LABOR FORCE
… BUT QUESTIONS ABOUND AS TO LATEST ROUND OF GOVERNMENT DATA
Fresh off of a disastrous performance in the first of three presidential debates, U.S. President Barack Obama got some good news – or at least the appearance of good news – when his Department of Labor (USDOL) announced updated employment data this week.
According to the [...]
RATE CLIMBS TO 9.1 PERCENT
After several months on the decline, South Carolina’s unemployment rate climbed to 9.1 percent in May – although some of that increase was due to more people looking for work.
The Palmetto State’s labor force – which shrunk by 6,000 jobs in April – grew modestly to 2,153,265 workers last month, according to [...]
… AND WHY IT’S NOT GOING TO IMPROVE ANYTIME SOON
While politicians at the state and national level continue to toast declining unemployment, the truth about America’s shrinking labor force is finally getting some attention.
In fact the mainstream media is now taking note of this depressing trend … which reveals that America’s “improving” employment situation is [...]
South Carolina’s unemployment rate dropped to 9.3 percent in January from a seasonally-adjusted 9.6 rate the previous month, according to statistics released Tuesday by the S.C. Department of Employment and Workforce (SCDEW).
However, the drop was attributable exclusively to the fact that an estimated 8,000 people gave up their search for gainful employment.
Also, 28 of the [...]
By Howard Rich || Earlier this month the U.S. Bureau of Labor Statistics (BLS) reported that America’s unemployment rate fell from 8.5 percent in December to 8.3 percent in January — its fifth consecutive monthly decline. The agency also estimated that the U.S. economy created nearly a quarter of a million new jobs last month [...]
Seasonal gains drove the American economy to create 200,000 jobs in December, causing the nation’s unemployment rate to edge down to 8.5 percent from a revised 8.7 percent in November.
Meanwhile the nation’s underemployment rate – a broader, more accurate measure of joblessness – also ticked down from 15.6 to 15.2 percent.
While those numbers represent good [...]
South Carolina’s unemployment rate has taken another sharp turn to the north – climbing from 10.5 percent to 10.9 percent during the month of July. It’s the third straight month that South Carolina’s unemployment rate has climbed. Meanwhile the state’s underemployment rate – a broader, more accurate measure of joblessness – currently stands at 18.3 [...]
Against a backdrop of increasingly ominous economic indicators, the U.S. unemployment rate actually ticked downward by a tenth of a percentage point in July – clocking in at 9.1 percent. The “underemployment rate,” a broader, more accurate measure of joblessness, also edged downward by a tenth of a percent – from 16.2 to 16.1 percent.
South Carolina’s “underemployment” rate – which is a broader, more accurate measure of joblessness than the state’s oft-cited unemployment rate – is on its way back up again.
The rate – a rolling average which is published every three months – climbed to 18.3 percent during the second quarter of 2011 according to the U.S. Bureau [...]
For the second consecutive month, the jobless rate in South Carolina is in double digits … and climbing.
According to data released on Friday by Gov. Nikki Haley’s Department of Employment and Workforce (SCDEW), South Carolina’s unemployment rate jumped from 10 percent in May to 10.5 percent in June. The state’s underemployment rate – a broader, [...]
In a momentary reversal of the recessionary trend, government shed jobs during August while the private sector posted minimal employment gains.
The result was a net loss of 54,000 positions – which was attributable in large part to the scheduled termination of over 100,000 temporary U.S. Census positions. As a result, the nation’s unemployment rate increased [...]