Bureau of Labor Statistics (BLS) released the data on the job market today. From the report: "Total nonfarm payroll employment increased by 195,000 in June, and the unemployment rate was unchanged at 7.6 percent. Employment rose in leisure and hospitality, professional and business services, retail trade, health care, and financial activities." At this pace, the recovery will take a whole 10 years to recover from the 2007-8 recession. Yes employment levels will surpass previous peak in 2017. We need around double that number (400,000 jobs per month), at least, for a healthy recovery.
Subscribe to:
Post Comments (Atom)
-
By Sergio Cesaratto (Guest Blogger) “The fact that individual countries no longer have their own currencies and central banks will put n...
-
There are Gold Bugs and there are Bitcoin Bugs. They all oppose fiat money (hate the Fed and other monetary authorities) and follow some s... -
"Where is Everybody?" The blog will continue here for announcements, messages and links to more substantive pieces. But those will...
No comments:
Post a Comment