Employment stays consistent in July for US
according to data from the Bureau of Labor Statistics. And the unemployment rate stayed consistent, going up ever so slightly from 8.22% to 8.25%. As we are continue to see people desperately seeking employment, employers remain in the powerful position of being able to pick and choose only the best applicants. Part of this filtering process is likely to involve thorough employment screening by an employment screening service. One positive point is that there were 163,000 new jobs created than forecasters expected. July’s jobs figures were also much better than the disappointing reports in May and June. “The more troubling news, however, is that the economy isn’t getting dramatically better, either”, according to the Washington Post. How long will the recovery last? In the first seven months of 2012, the economy has added 151,000 jobs per month on average. That’s on par with 2011, when the economy added an average of 153,000 jobs per month. That’s enough to keep up with the growth of the U.S. population, but not enough to bring down the unemployment rate dramatically. According to the Hamilton Project’s jobs calculator, if we keep adding 151,000 jobs per month, on average, we won’t return to pre-recession levels of employment until after 2025. There are still 5.2 million Americans who have been out of work for more than 27 weeks. There are still 8.2 million Americans who have to settle for part-time work, either because their hours were cut back or because those are the only jobs they could find. And the size of the labor force, which includes everyone who either has a job or would like one, hasn’t budged much. Congress, for its part, isn’t expected to pass any further policies to bolster the economy before the November elections. It seems that the focus until then by politicians will be on winning the election, rather than improving the levels of unemployment.]]>
You May Also Like
Check out these additional posts from Mind Your Business.
Quality and Precise Results, On Time!
Let us know about your screening needs to get a custom quote. We work with businesses big and small as well as the government. Which means we have a package of solutions for your organization as well.