DEFYING FORECAST, JOB LOSSES MOUNT FOR A 22ND MONTH

Article Abstract:

The Dept. of Labor is reporting a loss of 93,000 jobs in Aug. 2003. Although the unemployment rate dropped from 6.2 to 6.1 percent, the statistic does not reflect an accurate count of jobless Americans due to data collection methods used by the Bureau of Labor Statistics. Despite the 22-month economic recovery, businesses remain hesitant to create new jobs as long as they can maintain current productivity standards with current workers. The US economic growth rate in goods and services increased to 3.1 percent in the second quarter from 1.4 in the last two quarters.

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A Job Picture Painted With Different Brushes

Article Abstract:

The July jobs report from the Bureau of Labor Statistics includes the results of two different surveys; the household survey and the establishment survey. Economic outlook can vary dramatically depending upon which survey is used.

Employment, Administration of General Economic Programs, Jobs & Employment, Analysis, Political aspects, Statistics (Data)

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The New Profile of the Long-Term Unemployed

Article Abstract:

The number of people that have been unemployed for six months or more is at its highest since World War II, as many educated baby-boomers struggle to find work.

Labor force information, Forecasts, trends, outlooks, White Collar Workers, Economic aspects, Forecasts and trends, Market trend/market analysis

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