Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
US Unemployment Rate Falls to 7.6 Percent but Job Growth Slows
1. Economics for your Classroom
from
Ed Dolan’s Econ Blog
US Unemployment Drops
to 7.6 Percent but Job
Growth Slows
April 5, 2013
Terms of Use: These slides are provided under Creative Commons License Attribution—Share Alike 3.0 . You are free
to use these slides as a resource for your economics classes together with whatever textbook you are using. If you like
the slides, you may also want to take a look at my textbook, Introduction to Economics, from BVT Publishing.
2. Unemployment Rate Falls to 7.6 Percent
The US unemployment rate fell to 7.6%
in March, the lowest since December
2008. The unemployment rate is the ratio
of unemployed persons to the labor force.
The decrease in the unemployment rate
was largely due to withdrawals from the
labor force, which decreased by 496,000
for the month. The number of employed
workers fell by 206,000 and the number
of unemployed fell by 290,000
The unemployment rate is based on a
survey of households that includes self-
employed and farm workers
April 5, 2013 Ed Dolan’s Econ Blog
3. Broad vs. Standard Unemployment Rate
The BLS also provides a broader
measure of job-market stress, U-6
The numerator of U-6 includes
Unemployed persons
Marginally attached persons who
would like to work but are not
looking because they think there
are no jobs, or for personal reasons
Part-time workers who would prefer
full-time work but can’t find it
The denominator includes the labor
force plus the marginally attached
U-6 fell to 13.8 percent in February,
its lowest since the recovery began
April 5, 2013 Ed Dolan’s Econ Blog
4. Job Growth Slows Sharply in March
According to a separate survey of
employers, which excludes self-
employed and farm workers, the
economy added just 88,000 payroll jobs
in March
That marked a sharp decrease from the
268,000 added in February
Most of the new jobs were in the private
service sector. Jobs in goods producing
sectors barely increased, and
government employment fell
April 5, 2013 Ed Dolan’s Econ Blog
5. Long-term Unemployment Remains Stubbornly High
The recession and slow recovery have
been characterized by unusually high
levels of long-term unemployment
The percentage of the unemployed
out of work for 27 weeks or more fell
slightly to 39.6 percent in March, but
remained above the low reached in
January
The mean duration of unemployment
increased to 37.1 weeks and the
median duration to 18.1 weeks
April 5, 2013 Ed Dolan’s Econ Blog
6. Involuntary Part-Time Falls to a Low for the Recovery
The number of people working part
time for economic reasons has also
been unusually high throughout the
recession and recovery
These people are sometimes called
“involuntary” part-time workers to
distinguish them from people who
regularly work part time because of
family or personal obligations,
school or training, retirement, and
other reasons
Involuntary part-time workers
decreased to 4.9 percent of the
labor force in March
April 5, 2013 Ed Dolan’s Econ Blog
7. The employment
situation at a glance
This spider chart summarizes
the employment situation for
March 2013
The zero mark in the center
of the chart represents the
worst month for each indicator
since the start of the recession
The 100 mark represents the
best month for each indicator
immediately before the onset of
the recession
8. For more slideshows and commentary, follow Ed Dolan’s Econ Blog
Like this slideshow?
Follow @DolanEcon on Twitter
Click here to learn more about Ed Dolan’s Econ texts