In sum, men and women of all ages experienced a rise in LTU after the Great Recession. In this essay, we document the lesser-known fact that LTU affected older women more strongly. This group experienced a remarkable change: from a low pre-recession LTU-to-unemployment ratio of 14 percent to a post-recession rate of 50 percent.
Private sector employment increased by 182,000 jobs from September to October according to the October ADP National Employment Report®.
The Labor Department only classifies people as unemployed if they are actively looking for work. All those who don’t have a job and aren’t looking are lumped together under the fishy-sounding classification “not in the labor force.” The share of Americans not in the labor force has been climbing for nearly 15 years, a development that even many economists and demographers failed to anticipate.
In short, our analysis of the data suggests that 60% of displaced construction workers have left the labor market or moved into other industries. Although some former construction workers transitioned quickly to other sectors, for most, a move into another industry occurred after a long spell of nonemployment. Also likely contributing to a shortage of experienced workers is a shift in hiring preferences—during the downturn construction firms hired fewer young workers, fewer young workers gained experience in the industry, and the share of older workers grew faster than in other industries.
California had added an average of about 41,000 jobs each month over the past year, making September’s gain small in comparison. Still, the state’s job market has expanded at a 2.8% rate over the last year, faster than the 2% growth rate for the U.S. overall.
Don’t be fooled by the new California jobs report out Friday that shows statewide unemployment falling below six percent for the first time in nearly a decade. The state added almost no jobs last month – and 125,000 people stopped looking for work.
Don’t be fooled by the new California jobs report out Friday that shows statewide unemployment falling below six percent for the first time in nearly a decade. The state added almost no jobs last month – and 125,000 people stopped looking for work.
“The Labor Department reported on Friday that nonfarm payrolls increased a seasonally adjusted 142,000 in September, far below the trend over the past 18 months.”
“Taken together, the voluminous data dumps reveal that those on the upper rungs of the economic ladder, and the communities in which they cluster, particularly in the Bay Area, are doing well. However, very large portions of the state, both geographically and sociologically, are struggling.”
The California unemployment rate fell to 6.1% in August from 6.2% the previous month — the lowest level since January 2008 — while employers added a healthy 36,200 net new jobs.
Applications for unemployment benefits decreased by 11,000 to 264,000 in the week ended Sept. 12, a Labor Department report showed Thursday in Washington. The survey period included the Labor Day holiday. The median forecast of economists surveyed by Bloomberg projected claims would hold at 275,000.
Nonfarm job openings rose by 430,000 to 5.75 million in July, the highest level since December 2000, when data collection first began, according to the Labor Department’s Job Openings and Labor Turnover Survey, also known as Jolts. Economists surveyed by The Wall Street Journal had expected 5.29 million job openings.
U.S. employment growth slowed in August but the jobless rate fell to the lowest level since 2008, a mixed labor-market reading that leaves the Federal Reserve with a challenging decision on whether to raise short-term rates at its September meeting.
The California unemployment rate fell to 6.2% in July — its lowest level in more than seven years — and employers added a robust 80,700 net new jobs.
Although California’s official unemployment rate climbed out of the cellar during the year that ended June 30, it still had the nation’s second highest rate of total “labor underutilization,” according to a new federal government report.