Jobs Growth

As an economy expands, the increased sales and production create demand for more potential sales, and this drives businesses to create new jobs. The U.S. Bureau of Labor Statistics compiles a monthly report on the number of jobs created and the unemployment rate. The unemployment rate does not always move in unison with the number of jobs created, as population growth means that jobs must be created to maintain the unemployment rate at current levels. Also, if more citizens join the workforce in looking for employment, this can increase the unemployment rate even though jobs have been created.

The key to jobs growth is a strong economy. When a business is able to see that its future sales targets could be higher if it had more employees, this will drive job trends for the near future.

Jobs growth in the U.S. economy since the Great Recession has been uneven. On the surface, the unemployment rate has declined and each month, jobs have been created. However, jobs growth isn’t robust in the sectors that pay well. There’s also a substantial increase in individuals who are working part-time, because they are unable to find full-time work. Looking at the details, one can see there are problems.


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