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More jobs added, but unemployment rate unchanged

7/11/2012 10:05 AM EDT
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Kinnar
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re: More jobs added, but unemployment rate unchanged
Kinnar   7/11/2012 12:10:38 PM
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This is quite true that the employment rate is increased from the above figures, but simultaneously it need to compare the rate lay-offs given during the same durations.

goafrit
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re: More jobs added, but unemployment rate unchanged
goafrit   7/12/2012 12:25:09 AM
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The fact is that the future of world economy points to one where lesser people will be employed. It is the simple hard fact and we are experiencing the initial phase of it

daleste
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re: More jobs added, but unemployment rate unchanged
daleste   7/12/2012 3:17:31 AM
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"For people over 25 years old with a college degree, the unemployment rate is just 4.1 percent." Does this include people who have left the job market or retired early due to not finding work?

garydpdx
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re: More jobs added, but unemployment rate unchanged
garydpdx   7/12/2012 5:37:11 PM
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The definition of unemployment is that you are looking for a job. Therefore, you are part of the overall workforce. So leaving the job search or retiring early means that you are no longer part of the labor market.

Bert22306
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re: More jobs added, but unemployment rate unchanged
Bert22306   7/12/2012 9:15:00 PM
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People who are layed off, as well as new entrants into the work force, make it so you barely stay even if you create 150,000+ new jobs per month. So indeed, 80,000 is a dismal number. Nothing to brag about. Also, when people give up looking for work, that artificially lowers the umemployment figure. It's frustrating to see the government exacerbate the problem, by creating a whole plethora of arcane, confusing new tax policies, that no one has a clue how they will play out.

sprite0022
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re: More jobs added, but unemployment rate unchanged
sprite0022   7/13/2012 8:25:17 AM
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just let ya all know, singapore, there are plenty of hiring going on and on. why singapore is moving while US is idling?

Abadhesh
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re: More jobs added, but unemployment rate unchanged
Abadhesh   7/13/2012 8:42:45 AM
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Very tough to understand, that what is going on and on......, Only the truth is yourself that who are you, are you eligible?......

resistion
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re: More jobs added, but unemployment rate unchanged
resistion   7/13/2012 8:45:36 AM
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The last sentence almost looks like an advertisement to get a college education. Maybe that's not bad in itself, but such an education shouldn't be considered a guarantee of better odds.

garydpdx
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re: More jobs added, but unemployment rate unchanged
garydpdx   7/13/2012 1:40:12 PM
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The labor participation rate and the employment to population ratio are better figures to use because they count actual jobs. Unemployment measurements are subjective, they are not the same from country to country - not even between the US and Canada. The Bureau of Labor Statistics has a page where they re-crunch data from other countries using the BLS formula. Statistics Canada sets their UE rate at 7.3% ... the BLS recrunches that to 6.3% ...

chanj0
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re: More jobs added, but unemployment rate unchanged
chanj0   7/13/2012 3:21:00 PM
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Economy in Asia Pacific region is heavily driven by China. Although the growth of China economy has slow down, it is still growing and will still drive the economy of the region to the +ve region. In addition, as the knowledge flows faster thanks to Internet, the knowledges and skills of the people in the region are getting close to what US engineers equip. Cloud based computing allows workforce to be anywhere in the world. If corporation can get same skill set with lower cost, why will they hire a US based engineers? The growth rate in Singapore is not a surprise to me.

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