- Prison Planet.com - http://www.prisonplanet.com -
Just 58% of work-age Americans have jobs, lowest since July 1983
Posted By admin On August 5, 2011 @ 6:54 am In Money Watch,Tile | Comments Disabled
Friday, August 5, 2011
Employers added more jobs than forecast in July, the jobless rate fell and wages climbed, easing concern the U.S. economy is grinding to a halt. Stock futures rallied and Treasuries fell.
Payrolls rose by 117,000 workers after a 46,000 increase in June that was more than originally estimated, Labor Department data showed today in Washington. The median estimate in a Bloomberg News survey called for a July gain of 85,000. The jobless rate dropped to 9.1 percent as more Americans left the labor force, while average hourly earnings climbed 0.4 percent.
Job gains may need to accelerate further to bolster consumer spending, which rose last quarter at the slowest pace in two years. Weaker growth puts more pressure on Federal Reserve policy makers meeting next week to try to steer the world’s largest economy away from another recession at a time when inflation is also accelerating.
The jobless rate declined as 193,000 people left the labor force and the number of unemployed dropped by 156,000. The share of the eligible population holding a job declined to 58.1 percent, the lowest since July 1983.
Full story here. 
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/just-58-of-work-age-americans-have-jobs-lowest-since-july-1983.html
URLs in this post:
 Bloomberg: http://www.bloomberg.com/news/2011-08-05/u-s-payrolls-rose-more-than-estimated-117-000-in-july-jobless-rate-9-1-.html
 195,000 Fewer Americans Had Jobs in July; 150,000 Dropped Out of Labor Force: http://www.prisonplanet.com/195000-fewer-americans-had-jobs-in-july-150000-dropped-out-of-labor-force.html
 Government Jobs Account for 95% of May Job Increases: http://www.prisonplanet.com/government-jobs-account-for-95-of-may-job-increases.html
 Food Stamp Recipients at Record 41.8 Million Americans in July, U.S. Says: http://www.prisonplanet.com/food-stamp-recipients-at-record-41-8-million-americans-in-july-u-s-says.html
 Obama upbeat as jobless rate falls to lowest level for 19 months: http://www.prisonplanet.com/obama-upbeat-as-jobless-rate-falls-to-lowest-level-for-19-months.html
 U.S. Stocks Retreat, S&P 500 Falls to Lowest Since March 2003: http://www.prisonplanet.com/us-stocks-retreat-sp-500-falls-to-lowest-since-march-2003.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.