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The Labor Market Situation September 11, 2013
- 1. DRAFT 11Filename/RPS Number Office of the Chief Economist1 Steady job growth since February 2010 1 month change, in thousands • August 152 • July 127 • June 194 12-month change, in thousands • August 2012 to 2013: 2,300 • Average: 192
- 2. DRAFT 22Filename/RPS Number Office of the Chief Economist2 Steady unemployment decline since end 2009
- 3. DRAFT 33Filename/RPS Number Office of the Chief Economist3 Employment-to-population ratio has not recovered to pre-recession rates
- 4. DRAFT 44Filename/RPS Number Office of the Chief Economist4 Retail Trade has led job growth the past three months
- 5. DRAFT 55Filename/RPS Number Office of the Chief Economist5 Involuntary part time for economic reasons has fallen among private-sector and non-Federal Government Source: Bureau of Labor Statistics, Current Population Survey, www.bls.gov/cps
- 6. DRAFT 66Filename/RPS Number Office of the Chief Economist6 Since ACA became law, 9 out of 10 new positions are full time
- 7. DRAFT 77Filename/RPS Number Office of the Chief Economist7 No systemic evidence employers are shifting employees to <30 hours per week Source: Bureau of Labor Statistics, Current Population Survey, www.bls.gov/cps
- 8. DRAFT 88Filename/RPS Number Office of the Chief Economist8 Mix of full-time and part-time employment is typical for an economic recovery
- 9. DRAFT 99Filename/RPS Number Office of the Chief Economist9 Thank you!