Millennials Can No Longer Wait for Change from Washington - They Want Substance Over Spin and Empty Promises WASHINGTON, Jan. 6, 2012 /PRNewswire-USNewswire/ -- Generation Opportunity President Paul T. Conway, former Chief of Staff of the US Department of Labor, responds to the December 2011 jobs numbers report released by the Bureau of Labor Statistics:
Two new reports paint Tennessee's green economy and the color fades as you look east to west. The number of West Tennessee's green jobs lags far behind totals for either Middle and East Tennessee, according to "Tennessee's Green Jobs Report" from the Tennessee Department of Labor and Workforce Development.
WASHINGTON - America's private sector has added jobs three months in a row, the government reported Friday, a development that signals that the U.S. economy is leaving the recession further behind, though it's still far short of robust growth. Private employers added 104,000 jobs in October, the Labor Department said in its monthly jobs report, though a loss of 24,000 government jobs tempered that, leaving net employment growth at a weaker-than-hoped-for 80,000 for the month.
NEW YORK, Aug. 6 /PRNewswire/ -- Small Employment Gains Confirm a Slow-Growing Economy The modest gain in private sector jobs confirms that the economy remains on a slow growth path, and it's going to be a long haul to rev up the jobs machine. The current pace of employment is too slow to replace the more than 8 million jobs lost in the recession - not in the next year or two, perhaps even not in the next five years. Service industries are picking up very slowly and it's unlikely that industries such as construction and manufacturing will ever return to pre-recession employment levels.
Billionaire investor Warren Buffett said Friday the nation's employment picture will improve significantly once residential housing construction rebounds. Buffett spoke to Bloomberg Television Friday morning as the Labor Department released a weaker-than- expected monthly jobs report. He said the report shows the economy is still a long way off from where it should be, but Buffett remains optimistic about the recovery and sees no danger of a second recession. Most of Buffett's comments were focused on the long-term outlook. Buffett said he expects unemployment to fall to about 6 percent within a few years, and the 2.5 million jobs lost in the recession will be replaced. The June unemployment rate rose to 9.2 percent. The chairman and CEO of the conglomerate Berkshire Hathaway Inc. said ...
NEW YORK, Sept. 3 /PRNewswire/ -- Stuck in the Slow Lane The modest job gains during the past few months not only reflect the response to slow output growth, but also a lack of confidence going forward. While the snail-pace creation of jobs over past months might seem similar to recent post-recession periods, it is in fact much different. The economy as a whole has been weakened by a dismal housing market and slow consumption growth, which especially hamper small and medium- sized enterprises. Modest gains in private sector jobs, coupled with the large decline in government employment, are consistent with our forecast for continued sluggish growth.
NEW YORK Oil futures fell sharply Monday, extending their retreat from $100 as investors sold on concerns that a cooling economy will curb demand for oil and gasoline. Comments by Treasury Secretary Henry Paulson on Monday, suggesting there is no simple fix for the nation's housing crisis, added to worries about the economy raised by Friday's Labor Department jobs report; the government's data showed that employers added far fewer jobs last month than expected.
Economists are scratching their heads over the new monthly jobs report. The Labor Department announced on Friday that the economy gained only a handful of new jobs in January, but the unemployment rate dropped from 9.4 percent to 9.0 percent, the lowest rate since spring 2009.
NEW YORK, June 4 /PRNewswire/ -- Jobs report is disappointing While today's jobs report shows gains, it's a significant setback following four consecutive months of accelerating growth. The private sector added only 41,000 jobs, as May's employment increase was driven by temporary Census hiring. Continued slower growth would mean we've passed an unprecedented early peak in the rate of employment growth following a recession, which wouldn't be good news for the recovery's strength. Manufacturing jobs gains are at best tepid, and a lack of significant growth in construction, financial services, and information show several sectors aren't yet on the recovery path.
The nation's employment sector showed modest improvement in October - nothing dramatic, but enough to lessen fears of another recession. The unemployment rate dropped to 9 percent compared with 9.1 percent in September and the U.S. added 80,000 jobs, according to a report released Friday by the Labor Department.
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