U.S. Job Market: Are Rays of Light Starting to Appear?

Filed under: Employees, Economic Data

July's U.S. nonfarm payroll report by the U.S. Labor Department, commonly known as the monthly jobs report, was hardly something to write home about: an increase of 71,000 private sector jobs, after subtracting government jobs.



That's well below the 100,000 to 125,000 new jobs the U.S. economy needs to generate monthly just to keep the unemployment rate from rising.



Clearly, the nation has to do much better, but July's jobs report was not 'all-bad.' For the record, Ellen Zentner, a senior U.S. macroeconomist for Bank of Tokyo-Mitsubishi UFJ Ltd. in New York, found a few rays of light.

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U.S. Job Market: Are Rays of Light Starting to Appear? originally appeared on BloggingStocks on Wed, 18 Aug 2010 16:00:00 EST. Please see our terms for use of feeds.

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Employment - United States - Unemployment - United States Department of Labor - Economy of the United States

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