The drop in the unemployment rate in August isn’t particularly good news for the economy — it’s driven mostly by nearly 400,000 people dropping out of the labor force, rather than more people finding jobs. But those dropping out aren’t so much the discouraged 30-, 40- or 50-year olds. In fact, the Labor Department said [...]
Many Young Adults Have Dropped Out of the Labor Force, Given Up on Finding Jobs
September 8, 2012 | Posted by
With Disappointing Jobs Report, Romney Says Obama ‘Doesn’t Know What It Takes’
September 8, 2012 | Posted by
The monthly jobs report, which has become as closely watched in the presidential campaign as the speeches and commercials, showed a lower-than-expected 96,000 jobs being added in August. The reaction of the Obama and Romney campaigns was predictable, as Obama said they weren’t good enough and Romney said they were “sad.” There will be just [...]
Jobs Added, But Not Enough to Drive Down Unemployment Rate
August 4, 2012 | Posted by
The U.S. economy generated jobs last month at the fastest pace since February, a sign it is resilient enough to pull out of a midyear slump and grow modestly even as the rest of the world slows down. The 163,000 jobs employers added in July ended three months of weak hiring. But the surprising gains [...]
