All Articles Tagged "labor market"
(The State) — In 1958, when Colin Powell received his bachelor’s degree from City College of New York, the U.S. jobless rate was about 6 percent. Today, as the retired U.S. secretary of state delivers the commencement address at S.C. State University, the national unemployment rate is hovering about 9 percent. African-Americans, however, only can wish their jobless rate was that low. The black unemployment rate was 15.5 percent in March, according to the U.S. Bureau of Labor Statistics. That’s the world African-American college graduates face as they decide what to do now that they have their undergraduate degrees. “It’s tough,” said Keisha Krider, about to get her master’s of business administration degree from Orangeburg’s S.C. State. “Even at career fairs, a lot of companies will come, but they’re not hiring.”
(ABCNews.com) — The first Friday of every month turns the nation’s attention to its battered labor market, but as the April jobs report gets released this Friday morning, the forecast is considerably brighter than at any time in the last two years. For the first time since the recession began in 2009, the nation is expected to see job growth for two straight months. The consensus prediction is that employers will have added around 190,000 jobs to their payrolls last month. Just that prediction alone is welcome news for a country that lost 8.2 million jobs since January 2008. But it is also welcome news for the White House and Democrats in Congress hoping to hang onto their own jobs with elections coming up this fall.