Archive for employment SmartBlogs
Horrible! That is the most accurate word that I can find to describe Friday’s employment report. The 69,000 jobs created in May as measured by the Establishment Survey shows the economy at stall speed because methodology used by the Bureau of Labor Statistics has a +50,000 upward bias to it.
The official (U-3) unemployment rate rose to 8.2%, from 8.1%, because labor-force participation — the denominator in the equation — rose by 422,000.[…] Continue Reading »
The survey, conducted by online job-search service TheLadders, found that 88% of employees are experiencing some level of job dissatisfaction. Meanwhile, economic indicators such as the unemployment rate, manufacturing activity and the stock market have experienced gains, suggesting there are opportunities for workers seeking greener pastures.[…] Continue Reading »