Monday, May 3, 2010

New jobless claims level lowest in 4 weeks + Cities with job growth favor public sector hiring


[mEDITate-OR:
not see how mixed this employment data really is...

In the first article:
While new claims did decline they have been bouncing around for six (6) months !!
That is an "L" shaped recovery.

More important is that WHEN the long term, discouraged re-enter the job market, thinking that it HAS improved, they will drive the number of "unemployed" way back up.
Today, they are simply not being counted.

In the second article:
what they do NOT explain is whether there has been an actual increase in jobs, or that these declining number result from the long term unemployed being dropped from the roles.
A vastly different thing.

In the Third, Forbes, Article:
they point out the private sector is still not hiring, but the stimulus construction IS creating jobs.
However, with the extreme lost in revenues..., ALL levels of govt are still laying off millions of police, fire, education and auditors, assessors, treasurers, planners and any other staff they can eliminate.

the Forbes Slideshows:
However, you may, permissive, wish to look at:
the best big, mid-size and small cities that ARE adding jobs.

 
 
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New jobless claims level lowest in 4 weeks
Drop in claims shows a slowly improving labor market
 The number of Americans filing claims for unemployment benefits dropped for a second consecutive week, further evidence that the job market is
slowing improving.

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Unemployment falls in a majority of US cities
Three-quarters report declining or flat unemployment rates

Unemployment rates fell or remained level in three-quarters of the 372 largest metropolitan areas, a sign that the economic recovery is widespread.
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Cities with job growth favor public sector hiring
Annual Forbes.com ranking shows ‘awful year’ for employment in U.S
 
This year's "best places for jobs" list is easily the most depressing since we began compiling our annual rankings almost a decade ago.
 
 
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