Latest topics
» I see this board has been quiet
Tue Jun 07, 2016 1:24 pm by Knight1009

» Hello Ya'll. *Theirmommie*
Tue Nov 17, 2015 9:42 am by my_lucid_bubble72

» 20 % of Americans Struggle To Buy Food
Thu Jul 16, 2015 1:00 pm by pbrad009

» The Make Some One Day Challenge
Wed May 27, 2015 12:32 pm by Prof_NSA

» Clues to why they not hiring you
Sun Apr 05, 2015 5:25 pm by Sandra5yearsunemployed

» New Year Nothing Change
Tue Jan 20, 2015 5:48 pm by Prof_NSA

» UF2 Members Chat Thread: Part 3
Mon Jan 19, 2015 4:01 pm by member

» Passed?!?! H.R. 3979: Emergency Unemployment Compensation Extension Act of 2014
Fri Dec 19, 2014 4:24 pm by charliekerper

» Forbes: America's #1 Problem is Jobs, Not Debt
Sat Nov 15, 2014 10:50 pm by jmainframe

» Economy just getting worse
Mon Oct 06, 2014 12:16 pm by oncemore

» UFO 2.1 VIDEO JUKEBOX - Our Chords & Keys To Ascension
Mon Oct 06, 2014 6:33 am by 

» January Jobs Report: U.S. Economy Adds 157,000 Jobs; Unemployment Rate Up To 7.9 Percent
Fri Oct 03, 2014 11:23 am by DesperateInRI

» Hey Guys!!!!
Mon Sep 29, 2014 9:17 am by pbrad009

» Up all NIGHT WORRIED!
Thu Sep 25, 2014 11:56 pm by pbrad009

» things are going to get worst
Sun Sep 21, 2014 7:51 pm by 

Social Networks
December 2016
SunMonTueWedThuFriSat
    123
45678910
11121314151617
18192021222324
25262728293031

Calendar Calendar


Unemployment and Earnings Losses: The Long-Term Impacts of The Great Recession on American Workers

View previous topic View next topic Go down

Unemployment and Earnings Losses: The Long-Term Impacts of The Great Recession on American Workers

Post by Guest on Mon Nov 07, 2011 12:52 pm

The labor market has shown another month of growth, according to today's employment report. Payroll employment increased by 80,000 jobs in October; private sector employment was up by 104,000, while governments continued to shed jobs. Additionally, the employment gains in August and September were revised upward by a total of 102,000. On net, the unemployment rate ticked down slightly to 9.0 percent. Over the past year, payroll employment has increased by an average of 125,000 per month, just enough to accommodate new entrants to the labor force.

While these emerging signs of growth are promising, the United States remains a long way from full employment. One out of every eleven American workers is still unemployed. Further, many of those who have found new jobs have been reemployed at lower wages and history suggests that their reduced wages are likely to persist for years to come.

In this month’s analysis, The Hamilton Project explores the experiences of workers who lost their jobs during the height of the Great Recession, looking at the impacts of this economic shock on future earnings and reemployment prospects. We also continue to explore the “job gap,” or the number of jobs that the U.S. economy needs to create in order to return to pre-recession employment levels while also absorbing the 125,000 people who enter the labor force each month.

http://www.hamiltonproject.org/papers/unemployment_and_earnings_losses_a_look_at_long-term_impacts_of_the_gr/

Guest
Guest


Back to top Go down

Re: Unemployment and Earnings Losses: The Long-Term Impacts of The Great Recession on American Workers

Post by TR11005 on Mon Nov 07, 2011 10:58 pm

A must read. Unless there is over 400,000 new jobs per month. The Job Depression will go on for years!

TR11005
Member

Posts : 541
Join date : 2011-02-17

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum