The Labor Market Situation in October, Department of Labor, Dr. Shierholz
The Labor Market Situation September 11, 2013
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Transcript of The Labor Market Situation September 11, 2013
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1 1 Filename/RPS Number Office of the Chief Economist 1
Steady job growth since February 2010
1 month change, in thousands • August 152 • July 127 • June 194
12-month change, in thousands • August 2012 to 2013: 2,300 • Average: 192
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2 2 Filename/RPS Number Office of the Chief Economist 2
Steady unemployment decline since end 2009
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3 3 Filename/RPS Number Office of the Chief Economist 3
Employment-to-population ratio has not recovered to pre-recession rates
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4 4 Filename/RPS Number Office of the Chief Economist 4
Retail Trade has led job growth the past three months
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5 5 Filename/RPS Number Office of the Chief Economist 5
Involuntary part time for economic reasons has fallen among private-sector and non-Federal Government
Source: Bureau of Labor Statistics, Current Population Survey, www.bls.gov/cps
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6 6 Filename/RPS Number Office of the Chief Economist 6
Since ACA became law, 9 out of 10 new positions are full time
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7 7 Filename/RPS Number Office of the Chief Economist 7
No systemic evidence employers are shifting employees to <30 hours per week
Source: Bureau of Labor Statistics, Current Population Survey, www.bls.gov/cps
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8 8 Filename/RPS Number Office of the Chief Economist 8
Mix of full-time and part-time employment is typical for an economic recovery
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9 9 Filename/RPS Number Office of the Chief Economist 9
Thank you!