Topic: Unemployment
Jan. 6, 2017
"Nonfarm payrolls rose by a seasonally adjusted 156,000 in December from the prior month, a slowdown from November’s more robust gain, the Labor Department said Friday. For all of 2016, the economy added just under 2.2 million jobs, the smallest gain for a calendar year since 2011. The unemployment rate ticked up to 4.7% last month, but remains historically low. Wages showed new signs of firming, rising at the best annual rate since 2009, a sign that more than seven years into a slow-growing expansion labor-market conditions are finally tightening enough to reap payoffs for workers."
Dec. 16, 2016
California employers added 13,600 jobs in November, nudging the state unemployment rate down to 5.3%, according to data released Friday morning.
Dec. 2, 2016
U.S. employers hired at a steady clip in November while the unemployment rate fell to the lowest level in nine years, signs of enduring labor-market growth that will likely leave Federal Reserve officials on track to raise interest rates later this month.
Nov. 18, 2016
The Employment Development Department said October marked the fourth straight month that the unemployment rate hasn’t changed. Although job growth has remained fairly strong, employers aren’t creating jobs quickly enough as more Californians stream into the labor market. Another 90,000 state residents entered the labor market in October, according to the EDD.
Nov. 13, 2016
California is on the road to a bifurcated, almost feudal, society, divided by geography, race and class. As is clear from the most recent Internal Revenue Service data, it’s not just the poor and ill-educated, as Brown apologists suggest, but, rather, primarily young families and the middle-aged, who are leaving. What will be left is a state dominated by a growing, but relatively small, upper class, many of them boomers; young singles and a massive, growing, increasingly marginalized “precariat” of low wage, often occasional, workers.
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