Top Four Job Growth Low, But Job Losses Low Too - Workology

Top Four Job Growth Low, But Job Losses Low Too Job Growth Low, But Job Losses Low Too Job Growth Low, But Job Losses Low Too The BLS jobs report is out and the news is murky? Theres growth, but not as much as expected, and employment is high, but people arent necessarily able to find the jobs they want. The response has ranged from panic to satisfaction. Lets delve in. Poor Jobs Report Puts Dark Cloud Over US Economy The September jobs report is out and its made a lot of people worried, including market analysts. MarketWatch reports that investors and economic strategists are concerned that job growth is slowly 58,000 fewer than predicted with no signs that it will turnaround. And with a rate hike on the way from the Fed, some describe the outlook as purgatory. The poor jobs report even affected Asian stock markets, as they waited for the news. Jobless Claims Fall to Near a 42-Year Low On the other hand, Reuters reports that US joblessness is  at a 42-year low. That low has been consistent, with 31 straight months of 300,000 unemployment claims. So while new hires seem to be slowing, so too do job losses. What does Reuters think it all means? That the expected Fed interest rate hike wont drop until early next year. 5 Charts, 5 Key Takeaways From the October Jobs Report InvestorPlace is pretty clear: the jobs report was disappointing. With that said, they move on to break down some aspects of the report, looking at sectors that are experiencing unusual growth or contraction: the auto sector is looking better; the energy sector is looking worse; residential construction looks good, but construction otherwise is confusing. This Is As Good As It Gets Folks: The US Is About At Full Employment The US recession is over (not so the recessions continuing to plague other North and South American countries) and the country is heading back towards full employment. Thats good. But full employment doesnt take into account  underemployment,  poor wages, and discouraged workers. As Tim Worstall reminds us, long periods of unemployment mean that people become detached from the labour force in a rather more involuntary manner. Skills decay, of course, but employers are also extremely hesitant to employ someone who has been unemployed a long time. So what do we know? We know that US job growth is not where we would all like it to be. We know that the planned rate is still coming, but if it will be by the end of this year or the start of next year well, that we dont know. And finally, we know that job growths and losses are uneven, with some sectors booming while others lag, which means response from HR must come on a sector by sector basis. Its not an entirely sunny picture, but its not an entirely gloomy picture either.