U.S. Economic Data As of September 2011 Reflective of the Bureau of Labor Statistics’ Employment Situation – August 2011
Workplace Economy Slides September 2011 9.7.2011
May 24, 2015
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U.S. Economic Data
As of September 2011
Reflective of the Bureau of Labor Statistics’ Employment Situation – August 2011
August employment figures surprise government officials and economists
JOBS GAINED IN AUGUST
UNEMPLOYMENT RATE
WORST UNEMPLOYMENT RATE SINCE
0
9.1%
1983*Current recession excluded
Unemployment rate remains at 9.1%
Source: BLS
Source: CNNMoney.com
For the first time since 1945, the government reports a monthly net job change of zero
Private payroll employment figures
Source: WhiteHouse.Gov
ere
United States jobless claims
Source: DismalScientist.com
Bloomberg Consumer Comfort Index continues to decrease
Source: DismalScientist.com
Sector changes observed in August
Source: BLS
9.1%
4.3%
8.2%
9.6%
14.3%
National average
College educated
Some college
High school diploma
Less than high school
Education remains a job search differentiator in August…
Source: BLS
A Snapshot of Metropolitan Unemployment Figures
Source: BLS
United States Consumer Price Index percentage changes
Source: DismalScientist.com
A comparison between United States recessions and recoveries: nonfarm payroll job changes
Horizontal axis shows months. Vertical axis shows the ratio of that month’s nonfarm payrolls to the nonfarm payrolls at the start of recession. Note: Because employment is a lagging indicator, the dates for these employment trends are not exactly synchronized with National Bureau of Economic Research’s official business cycle dates.
Source: Economix.Blogs.NYTimes.com
Job growth stalls, unemployment rate remains the same…
Opportunities
• The unemployment rate remained unchanged at 9.1%.
• The healthcare industry continued to hire; employment within the industry rose by 30,000 in August.
• The mining industry continued to hire as well while adding 6,000 new jobs in August alone.
Weaknesses
• The government reported a monthly net job change of zero for the first time since 1945.
• 13.9 million Americans are currently unemployed – 42.9 percent of such individuals have been without work for more than six months.
• The nation’s Civilian Labor Force Participation Rate remains low; it is currently 64%.
In summary
Global Economic Data
As of July and August 2011
Argentina’s employment situation
Source: DismalScientist.com
Brazil’s GDP
Source: DismalScientist.com
Chile’s employment situation
Source: DismalScientist.com
Euro Zone’s Producer Price Index
Source: DismalScientist.com
France’s employment situation
Source: DismalScientist.com
Germany’s GDP
Source: DismalScientist.com
India’s foreign trade
Source: DismalScientist.com
Peru’s Consumer Price Index
Source: DismalScientist.com
Philippines GDP
Source: DismalScientist.com
South Korea's Consumer Price Index
Source: DismalScientist.com
Spain's retail sales
Source: DismalScientist.com
United Kingdom's consumer confidence
Source: DismalScientist.com
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