Sun, 05/27/2012 - 06:32 EDT - NPR - National Public Radio (Business News)
Changes in the job market have meant fewer jobs for those with mid-level skills. Economists call the trend labor "polarization" and say it's forcing those in the middle to take jobs at lower pay.» E-Mail This» Add to Del.icio.us
The economy added no jobs last month and the unemployment rate remained at 9.1 percent, the Labor Department said Friday. And job gains in June and July were revised lower, to show 57,000 fewer jobs added.» E-Mail This » Add to Del.icio.us
President Obama recently announced plans to spend nearly $100 billion in 2011 solely on job creation. The proposed budget is aimed at reducing the nation's employment rate of 10 percent. But in a new book, labor activist Gabriel Thompson explores the current job market and takes a look at some of the least-desired jobs that always seem available.
The job market remains "sturdy," according to the latest ADP National Employment Report. Much more will be known about the labor picture when the Bureau of Labor Statistics releases its figures on Friday.» E-Mail This » Add to Del.icio.us
Some economists had expected to see the job market make minor gains, or at least come close. But the Labor Department reports a net loss of 85,000 jobs last month. Still, in the huge American workforce, the unemployment rate remains unchanged at 10 percent.» E-Mail This » Add to Del.icio.us
Unemployment remains stubbornly high, but the 9.1 percent rate doesn't include the millions of Americans who are no longer looking for jobs. The Labor Department calls them "discouraged workers," and they include everyone from old factory workers to preschool teachers.» E-Mail This » Add to Del.icio.us
The U.S. economy gained more than 200,000 jobs last month, and the unemployment rate fell to 8.8 percent, the Labor Department said Friday. The news is a bit better than most economists had expected. But they say it will still take several years before unemployment falls back to a normal level.» E-Mail This » Add to Del.icio.us