On July 6th, the BLS released its latest “The Employment Situation” report, which revealed that 80,000 new jobs were added to the national economy in June, the third consecutive month in which less than 100,000 new positions were generated.
On June 27th, the BLS released its most recent “Metropolitan Area Employment and Unemployment” report, concerning May’s national employment statistics.
According to the BLS’s latest “The Employment Situation” report, a majority of the nation’s major industry groups reported hiring increases in June, as private sector employment rose by 84,000.
Throughout the last two years, considerable economic progress has occurred within the United States. Since March 2010 alone, 4.4 million private sector jobs have been generated, while the national unemployment rate has fallen markedly, from 9.7 to 8.2 percent.
On June 1st, the BLS released its latest “The Employment Situation” report, which revealed that job growth remained sluggish within the United States for the third consecutive month in May.
It seems that virtually every newspaper and television network across the United States has reported on the greater EMEA region’s economic instability throughout the first half of 2012. From Spain’s record-breaking unemployment rate to Greece’s bailout, most newspaper headlines have been focused solely on the region’s current double-dip recession.
Prior to the release of Asia Pacific’s latest economic figures, many global economists projected slow economic growth for the region last month, citing April’s 8.6-magnitude Indonesian earthquake, Europe’s monetary woes, and the United States’ slow economic recovery as primary causes.
According to the “The Employment Situation – May 2012” report, hiring dwindled for the third consecutive month in May, as only 69,000 jobs were added to the national economy, the lowest monthly total since June 2011.
For the second straight month, 342 of the United States’ 372 metropolitan areas reported year-to-year unemployment rate decreases, according to the BLS’ “Metropolitan Area Employment and Unemployment – April 2012” report.
Private sector hiring was a bit disappointing last month, as only half of the nation’s 10 major industry groups reported employment increases. In all, the construction, government, information, leisure and hospitality, and professional and business services industries recorded job losses in May.