Overall, the economy added only 20,000 jobs in February, a sharp decrease from the 311,000 jobs added in January (revised up from +304,000) according to the Bureau of Labor Statistics monthly Employment Situation data.
The unemployment rate remained unchanged for the third consecutive month at 3.7 percent, according to the Bureau of Labor Statistics’ November Employment Situation Summary.
Total nonfarm payroll grew by 157,000 jobs, down from 248,000 jobs (revised up from 213,000) in June, according to the Bureau of Labor Statistics’ July Employment Situation Summary.
According to the Bureau of Labor Statistics’ (BLS) June Employment Situation Summary, total nonfarm payroll grew by 213,000 jobs, down from 244,000 jobs (revised up from 223,000) in May.
Pop quiz: In December 2011, what was the unemployment rate for people 50 and over? The answer is 6.2 percent, nearly twice what it was at the beginning of the Great Recession in 2007.
This is a guest post by Heather Taylor. Since January 2011, this freelance writer, consultant and radio producer also has happily served as a job coach in the AARP Foundation WorkSearch Program, helping adults aged 50+ who are unemployed to find satisfying work. You can follow her on twitter at @findingthejobs, and keep an eye out for other employment-related blog posts from Heather.
This past month's protests from Wall Street to Portland, Oregon, to London symbolize a growing need to define the next economy-one that recognizes that meaningful jobs and wages that afford quality of life while also assuring healthy and thriving communities is critical. A new way of doing business that creates products and services that promote interconnectedness and collaboration above competition are critical to this new economy.
The latest unemployment numbers show that the average 55+ worker is out of work for 55 weeks, compared to 39 weeks for younger workers. Want to increase your odds of landing a job in a rough economy with 9.1% unemployment?
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