Employment, workforce news and updates from the last month and projections for the future from various targets, and as usual you will see that the reports are not so very consistent.. we all hope that the recession is behind us and the predictions make us elated or sad and so does the DOW goes up and down… more people have lost jobs in the last 2-3 months than ever before in a given month then why are we rejoicing on the unemployment rate “falling” to 9.7 percent!
Well, the bottom line is not that how many people lost their jobs but how many more jobs were created.
Here are some major news from the US on employment and new jobs created:
NEW YORK (CNNMoney.com) — The government’s monthly job report on Friday showed that the disastrous labor situation plaguing the nation’s economy is moderating. But the report also underlines an unsettling reality: 8.4 million jobs have been vaporized since the recession began, and digging out won’t be easy.
The unemployment rate fell unexpectedly in January to 9.7%. And businesses shed 20,000 jobs for the month, far fewer than the 150,000 jobs that were lost in December.
But, at the same time, the Labor Department revised its previous estimates for the number of jobs that have been lost over the past 25 months. What they found wasn’t pretty.
Since the recession began in December 2007, the economy has lost 1.4 million more jobs than previously believed. The adjustments also showed losses for 2009 alone came to 4.8 million jobs, greater than 600,000 more than previously estimated.
From the WALL STREET JOURNAL
Productivity, Jobless Claims Rise
The number of U.S. workers filing new claims for jobless benefits unexpectedly rose last week, indicating the labor market remains sluggish even as the economic recovery gains steam.
Initial claims for jobless benefits rose by 8,000 to 480,000 in the week ended Jan. 30, the department said in its weekly report. The previous week’s level was revised upward to 472,000 from 470,000.
From the WHITE HOUSE
Back to Basics: Creating New Jobs with the National Export Initiative
The NEI is going to impact a whole array of issues that affect our ability to export, but we’re fundamentally focused on three things:
- Expand the US government’s export promotion efforts in all its forms. Many American companies don’t export, or export less than they should, because they simply don’t have the retargets to identify promising new markets or the necessary contacts in foreign countries. The National Export Initiative will funnel $132 million to the Department of Commerce’s International Trade Administration (ITA), and the US Department of Agriculture to educate U.S. farmers and businesses about opportunities overseas and directly connect them with new customers.
- Improve access to credit, especially for small- and medium-sized businesses that want to export.
- Increase the government’s focus on knocking down barriers that prevent U.S. companies from getting open and fair access to foreign markets.
Economic Recovery Not Translating To Jobs
Surprise jump in weekly unemployment claims has investors on edge heading into Friday’s nonfarm payrolls report.
The Labor Department reported a surprise increase in first-time unemployment claims Thursday, a worrisome signal ahead of Friday’s much-anticipated January jobs report.Related Posts:
Latest News on Employment from the US
Will our Jobs be more Stressful in 2010?
Creating New Jobs – News from the White House