Showing posts with label Labor force. Show all posts
Showing posts with label Labor force. Show all posts

Sunday, September 5, 2010

Unemployment increases...but so does the demand for labor?

It seems that everyone has noticed that unemployment has been on the rise. As the month of August came to an end, instead of going down with the increase in jobs unemployment rose by .1 percent. The writer describes this phenomenon to be caused by "the continued draw-down in temporary census employment." This set back erased more than 100 thousand jobs from the labor market report of august. Also the write reports that despite the increase in unemployment in august, private employment saw a relatively large growth. Private employment as been seeing growth since December of 2009. The writer states that our economy is producing enough jobs to rapidly bring down the unemployment rate, but instead it went up. He believes that "at this point of the business cycle, labor force growth in a positive sign. I agree, a growth in the business cycle is good for our economy and will help slow down the upward movement of the unemployment rate. There is growth in the labor market, but is it fast enough to combat the steadily increasing unemployment rate?