Economic Statistics for 6 Apr 12
The following statistics were released today on the state of the US economy:
The Monster Employment Index, a measure of online job recruitment activity, was unchanged for the month at 143.
The BLS reports that non-farm payrolls increased by a disappointing 120,000 jobs. The unemployment rate magically dipped to 8.2%, however. Average hourly earnings rose by 0.2%, while the average workweek remained un changed at 34.5 hours. Those are the headline results. Nor to delve a little deeper. The labor force participation rate remained steady at 63.4%, but the employment-population ratio fell one tick to 58.5%, as 164,000 people left the labor force, which is the main reason for the downtick in the unemployment rate as well.
~
Dale Franks
Google+ Profile
Twitter Feed
Magically? Oh no, this is one of those times where we don’t use the word “unexpectedly”, “magically” is even worse! This is all part of the recovery! There WILL be a recovery! Even if it’s only on paper.
Pingback: Economic Statistics for 6 Apr 12 | Liberal Whoppers
“We are right back where we were two years ago. I would put money on 2012 being a bigger year for foreclosures than 2010,” said Mark Seifert, executive director of Empowering & Strengthening Ohio’s People (ESOP), a counseling group with 10 offices in Ohio.
“Last year was an anomaly, and not in a good way,” he said.
In 2011, the “robo-signing” scandal, in which foreclosure documents were signed without properly reviewing individual cases, prompted banks to hold back on new foreclosures pending a settlement.
@Neo_ I think we’re still just shy of the scene with Kevin Bacon standing in front of a charging crowd in his ROTC uniform with his hands up shouting “All’s Well! All’s Well!” in Animal House.