August Records 0.1 Percent Rise In Unemployment Despite Private Sector Job Gain
September 6th, 2010 - 6:48 pm ICT by GDBy Madhuri Dey
Sep 6, (THAINDIAN NEWS) The Labor Department is out with its monthly data on the employment scenario of United States. While the Democratic Government maintains that there has been a steady growth in the condition of employment, although slow, the unemployment statistics for the month of August remains bleak and disappointing with a little dip in employment. While the Labor Department maintained in the press conference that the rate of unemployment has remained almost the same, the data points out that the rate of unemployment has increased from 9.5 to 9.6 percent.
As per reports, it is once again the private sector that added jobs in the month of August. The private sector came forward with 67,000 jobs and the strongest job gains were noticed in health care, temporary help and food service sectors. It is the expiry of some temporary jobs provided by the federal and the local government that has led to the employment dip. Reports claim that curtailing on the budget, the state and the local government layoffs have made 54,000 people jobless in the month of august.
Therefore, although private sector employed a lot of people, the rise in the number of employable workers led to the stagnant state of the unemployment curve. The department’s Bureau of Labor Statistics which brings out the monthly employment data of United States maintained that its only after a difference of 0.2 percentage in the data that the department recognizes or mentions it in its announcement. The change this time was only 0.1 percent. Sung Won Sohn, an economist at California State University however held that the data should not be downplayed and added that the present data points out that the “labor market is not improving and, even worse, there’s little prospect that it’s going to be improving anytime soon”.
- June Employment Report Disappoints Economists - Jul 03, 2010
- U.S. unemployment rate drops to 8.1 percent, lowest in 3 years - May 05, 2012
- U.S. unemployment rate drops to 8.5 percent, lowest in almost 3 years - Jan 07, 2012
- Rise In Unemployment Rate Worries Americans - Sep 06, 2010
- US job creation stalls - Sep 03, 2011
- US unemployment rate drops in April - May 05, 2012
- US jobless claims up - Oct 07, 2011
- US loses 54,000 jobs, Obama promises new package - Sep 04, 2010
- US annual inflation highest since 2007 - Jan 20, 2012
- US jobless claims at lowest level in four years - Feb 17, 2012
- Oregon Unemployment Rate For June Falls Flat - Jul 19, 2010
- US unemployment claims fall slightly - Jul 01, 2011
- Unemployment rate drops to 9.4 - Jan 14, 2011
- US jobless claims surge - Sep 16, 2011
- Kentucky's unemployment rate increases 10.7 percent in January - Mar 12, 2010
Tags: bureau of labor, bureau of labor statistics, california state university, democratic government, dey, employment data, expiry, food service sectors, labor department, layoffs, little dip, local government, madhuri, month of august, private sector job, stagnant state, sung won sohn, temporary help, temporary jobs, unemployment statistics