April Jobs report: Best gain in four years

April Jobs report: Best gain in four years

Job reports show signs of growth

Job reports show signs of growth

Why Do Women Still Earn Less Than Men?

Why Do Women Still Earn Less Than Men?

Some Good Jobs News

NEW YORK (CNNMoney.com) — The U.S. economy gained more jobs in March than any other month in the last three years, according to a government report released Friday.

The Labor Department said the economy gained 162,000 jobs in the month, compared to a revised reading of a 14,000 job loss in February. That makes March only the third month of gains since the recession began.

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The unemployment rate remained stubbornly high, holding steady at 9.7%, matching economist expectations.

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The average hourly work week crept up 0.1 hours in March, an indication that employers are restoring the hours of employees who had their shifts and pay cut during the recession. But there are still 9.1 million people working part-time jobs who want to be working full-time, up more than 250,000 since February.

The average hourly wage slipped 2 cents to $22.47. But the longer average work week lifted the average weekly paycheck by $1.57 to $763.98.

Taken as a whole across the economy, that will put more money into consumers’ pockets and help spur more spending, which in turn should produce more hiring into the future.

California’s personal income falls 3.5 percent

Not only do we have the worst education system in the U.S., we now have lower income:

 

Job loss pulls down state’s personal income level

Jobless claims fall by 14,000 to 442,000

Jobless claims fall by 14,000 to 442,000

California jobless rate 5th highest in U.S.

At least there is some good news:

For example, California reported the largest job gains, of 32,500, though its unemployment rate also rose. Illinois, New York, Washington state and Minnesota reported the next highest totals of new jobs.

Why an education is important (not just more money)

As we learned in class today, each year of school adds 10% to your income. Here is another benefit to school.

From the WSJ:

The unemployment rate for all 45 to 54-year-olds, for example, was 8.4% in February — below the national average.

Education level	February Unemployment Rate	January Unemployment Rate
Less than a high school diploma	17.9%	17.6%
High school graduates	11.9%	11.5%
Associate Degree	6.6%	7.3%
Bachelor’s degree	5.9%	5.8%
Master’s degree	4.2%	4.4%
Doctoral degree	1.2%	1.9%

Jobs report shows unemployment unchanged

Economist’s expected the rate to rise .1 percent so this is good news:

Jobs report shows unemployment unchanged

Job cuts slow

Job cuts slow