Cuts in Government Led Jobs Cut

admin — Fri, 08 Oct 2010 12:11:21 +0000

In recent months, the economic recovery of US which officially began in June 2009 has slowed considerably. It has raised concerns over the long slog that the country will need to endure to dig itself out of the deepest downturn ever since the Great Depression.
Private payrolls have been growing throughout 2009 but at a rate which is too sluggish to make much of a dent in unemployment. Economists predicted that the outlook for the rest of the year is equally discouraging.
The Labor Department reported Friday that 95,000 non-farm jobs has been shed in September, mostly led by the result of the layoffs by local governments and of temporary decennial Census workers.
Most estimates were for a loss of only a few thousand jobs. However, the steep drop was far worse than economists had been forecasting.

US Unemployment Falls but More Jobs Cut

admin — Fri, 05 Feb 2010 15:36:14 +0000

Figures from the Ministry of Labor published showed U.S. unemployment rate has succeeded in indicating a surprise fall down from 10% in December to 9.7% in January, which become its lowest level in five months. However, at the same time, employers are cutting more jobs than expected.
But that come as non-agricultural wage and the salary data showed employers cut 20000 jobs last month, although analysts are predicting an extra 5000 would be created.
The data come from two different sources: unemployment is measured by households, while creating employment information comes from companies. The news comes as the markets suffered turmoil of fears about the euro-zone debt. Weekly U.S. job figures have showed a surprise fall.
The analysts by Reuters on numbers of today’s respondents were wage and salary wins 5000 forecast and the unemployment rate to edge up to 10.1%.
While employers created more jobs than they cut, better than some other sectors. There were an additional 11000 jobs in manufacturing, which is the most ever since April last year, and an extra 42100 retail jobs which is the most since November 2007.

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Cuts in Government Led Jobs Cut

US Unemployment Falls but More Jobs Cut