Showing posts with label Jeff Cox. Show all posts
Showing posts with label Jeff Cox. Show all posts

Friday, June 5, 2015

Underwhelming

June 05, 2015 CNBC , Jeff Cox 0 Comments
US Nonfarm Payrolls Total 280,000 In May Vs. 225,000 Est.; Unemployment Rate At 5.5%

By Jeff Cox, Jun. 4, 2015, CNBC

The U.S. economy created 280,000 jobs in May, better than expected and likely confirming hopes that growth is back on track after a slow start to the year.

The headline unemployment rate increased slightly to 5.5 percent as the labor force participation rate ticked higher to 62.9 percent. ( Tweet This ) A separate measure that counts those working part time for economic reasons and the unemployed who have not looked for work in the past month held steady at 10.8 percent.

Wages also showed growth, rising 8 cents an hour, equating to an annualized increase of 2.3 percent.

Economists had been expecting a gain of 225,000 positions and the unemployment rate holding steady at 5.4 percent.

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Wednesday, May 20, 2015

Awful "Recovery"

May 20, 2015 CNBC , Jeff Cox 0 Comments
40 percent Of Unemployed Have Quit Looking For Jobs

By Jeff Cox, May 20, 2015, CNBC

At a time when 8.5 million Americans still don't have jobs, some 40 percent have given up even looking.

The revelation, contained in a new survey Wednesday showing how much work needs to be done yet in the U.S. labor market, comes as the labor force participation rate remains mired near 37-year lows.

A tight jobs market, the skills gap between what employers want and what prospective employees have to offer, and a benefits program that, while curtailed from its recession level, still remains obliging have combined to keep workers on the sidelines, according to a Harris poll of 1,553 working-age Americans conducted for Express Employment Professionals.

On the bright side, the number is actually better than 2014, the survey's inaugural year, when 47 percent of the jobless said they had given up.

Read the full story:  www.cnbc.com

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