The nation's job growth last month slipped to its lowest level of the year, as fewer people sought work and the food industry took a hit from the Market Basket dispute.
Employers added 142,000 jobs in August, according to the Bureau of Labor Statistics — less than the 225,000 economists had expected and well below the 212,000 average of the previous 12 months. Job numbers from June and July were also revised downward by 28,000.
And while the unemployment rate fell to 6.1 percent from 6.2 percent, that was because more people without jobs stopped looking for one.
"The fact that the labor force shrank in August is not particularly good," said Doug Handler, chief U.S. economist for IHS Global Insight. "We need the labor force to grow to continue to drive growth."
Handler said it is difficult to say what is behind the decline in the labor force.
"Some of it could just be flat-out discouragement," he said.
Eric Rosengren, president of the Boston Federal Reserve, called the report "disappointing" in a speech yesterday, pointing out that while 7.3 million people are considered employed, many of them are part-timers who are unable to find full-time work.
The food and beverage industry lost 17,000 jobs last month, a decline attributed at least in part to part-timers at Market Basket whose hours were eliminated as worker protests calling for the reinstatement of CEO Arthur T. Demoulas brought the grocery chain's business to a virtual standstill.
Those jobs will show up in the employment report for September as new jobs.
Still, economists noted month-to-month volatility in job numbers is not unusual, and other indicators point to an improving economy.
"It's still one month," said Robert Murphy, a Boston College economics professor. "We need to see what might happen over the rest of the year."
Anda sedang membaca artikel tentang
Job growth hits yearly low
Dengan url
http://cintabersemian.blogspot.com/2014/09/job-growth-hits-yearly-low.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Job growth hits yearly low
namun jangan lupa untuk meletakkan link
sebagai sumbernya
0 komentar:
Posting Komentar