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The economy added 142,000 jobs in August, according to this morning's Employment Situation Summary from the Bureau of Labor Statistics, fewer than the 230,000 jobs predicted by economists. The unemployment rate declined slightly to 6.1 percent. Does this report, which is the weakest in six months, indicate signs of slowing job creation?
The private sector added 204,000 jobs last month, according to this morning's ADP National Employment Report, slightly lower than the 215,000 jobs predicted by economists.
In a recent Manpower survey, 40 percent of employers said they had trouble finding qualified applicants for open jobs. On the other hand, David Nicklaus at The St. Louis Post-Dispatch points out, we have a 6.2 percent unemployment rate -- better than the recession, obviously, but still "too high in the sixth year of an economic recovery." How can we account for the simultaneous existence of a high unemployment rate and employers who say they can't find workers qualified for jobs?
Robots have been taking jobs from humans for decades now, replacing bank tellers with ATMs, cashiers with self-checkout machines, and factory workers with mechanized assembly lines. The fear, of course, is that the bots will grow so intelligent -- and low-maintenance from a management perspective -- that they'll replace us altogether. In a recent New York Times column, Neil Irwin explains why that might not be as likely as some naysayers predict. Why? For one thing, robots don't have a lot of common sense.
When you think about futuristic jobs, you probably think of something along the lines of robot scientist (which could mean either a scientist who builds robots, or a scientist who is a robot -- either might apply). But the real jobs of the future probably look a bit more familiar.
Unlike unemployment, which is easy to define, underemployment is somewhat subjective. What constitutes not having enough work? PayScale's recent report examined three major reasons why people describe themselves as underemployed: not earning enough money, not using education or training, or not getting full-time hours. Any way you slice the data, it's clear that underemployment is a common problem: Over 40 percent of respondents described themselves as underemployed.
The majority of jobs lost during the recession were mid-wage jobs, i.e. jobs paying between $13.83 and $21.13 an hour. As of March 2013, 58 percent of jobs gained during the recovery were low-paying, in industries like food service and retail. But that might be in the process of changing: the past two job reports from the Bureau of Labor Statistics showed increases in higher-paying industries like construction and business and professional services.
The economy added 209,000 jobs last month, according to today's Employment Situation Summary, from the Bureau of Labor Statistics. Unemployment ticked up to 6.2 percent from 6.1 percent in June.
The private sector added 218,000 jobs last month, according to the latest ADP National Employment Report, less than the 230,000 jobs predicted by economists.
Recent data from the Labor Department shows wage growth in several sectors, including construction, retail, and leisure and hospitality. Together with three months of job reports in the 200,000-plus range, could these statistics mean that the economy is headed in the right direction, at last?
On dark days, when your job gets you down, what stops you from handing in your letter of resignation? For 40 percent of workers, a recent study finds, it's health insurance -- specifically, health insurance that doesn't cost more or provide less than the plan they have through their employers.
The rate of first-time college students returning for their sophomore year in 2013 dropped 1.2 percentage points, compared with the entering class of 2009, according to a new report from The National Student Clearinghouse Research Center. The retention rate, however remained about the same, meaning that college students who left school were more likely to drop out entirely, and less likely to leave one school in order to enroll somewhere else.
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