US economy creates 209.000 jobs in July but unemployment edges up to 6.2%

Saturday, August 2nd 2014 - 08:32 UTC

Full article 4 comments

The U.S. economy added 209,000 jobs in July, the Labor Department reported on Friday. However the unemployment rate edged up to 6.2% from 6.1%, somehow confirming the Federal Reserve concern about still weak employment. Read full article

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ChrisR
On the face of it the pool of available labour does not fit the requirements of the employers.

Too skilled or too dumb?

Only time will tell.

I wonder if those who came off the labour roll, because there were NO jobs for them, will bother to try and get a job or stick with what they have now whatever that may be?
Aug 02nd, 2014 - 04:19 pm - Link - Report abuse 0
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ilsen
By global comparison, isn't 6.2% unemployment actually quite low?
Aug 02nd, 2014 - 04:41 pm - Link - Report abuse 0
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Lucdeluc
6.2% is the official rate. If you include the underemployed, the waiting staff working for tips, the survivalists no longer registered, the whacked out meth heads, I'm sure that percentage would skyrocket.
Aug 03rd, 2014 - 12:51 pm - Link - Report abuse 0
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ilsen
Why would you want to massage the figures up or down unless you had a political agenda?
:)
Aug 03rd, 2014 - 01:58 pm - Link - Report abuse 0
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