Dec 4, 2009

Analysis of Today’s Bureau of Labor Statistics (BLS) Report

An Analysis of Today’s Bureau of Labor Statistics (BLS) Report

The full report can be seen here: http://www.bls.gov/news.release/empsit.htm.

In January of 2008–24 months ago–the U.S. labor market began losing jobs, which by January of this year was happening at a rate of nearly 800,000 per month. According to the Bureau of Labor Statistics as of this morning, that hemorrhaging has slowed to just 11,000 jobs in November or essentially nil. The unemployment rate also declined from 10.2 percent to 10 percent. The numbers for September and October were also revised to show a loss of 139,000 jobs in September from the previously reported 219,000, and October to 111,000 instead of 190,000. Since the start of the Great Recession in December 2007, the unemployment rate has risen from 4.9 percent and the total number of unemployed has swelled from 7.5 to 15.4 million people.
The unemployment rate for management, professional and related occupations has now fallen nearly a full point from its 5.5 percent peak four months ago, to 4.6 percent in November. The total number of unemployed professionals topped out then at just over 3 million people and has since dropped to 2.5 million. One of the top gaining job categories in November was administrative and support services which, after having been decimated over the last two years, added 86,900 jobs during the month, with 52,400 of those coming from temporary help services. Overall, professional and business services added 86,000 jobs, and for the first time in years, beat out education and health services (+40,000) as the top jobs gainer.
After two years of job losses, today’s virtually flat numbers are good, but they are still tempered by the 15 million people who remain unemployed and the millions more under-employed. Should the current number of people out of work continue for an extended period of time, there will remain the threat of a double-dip recession dragged down by sluggish consumer spending. However, many signs show that both job creation and underemployment are at last on the mend. The total number of part-time workers fell in November by 104,000, while the number of full-time workers rose by 140,000. The average workweek also added two-tenths of an hour after having lost eight-tenths since the beginning of the recession. Average weekly earnings surged to a high of $630.14, $10.18 more than in October and $10.06 more than the figure’s last peak one year ago.

News/Insights

Ten Funny Quotes About Teeth, Smiles, And Dentistry Other

Ten Funny Quotes About Teeth, Smiles, And Dentistry

Aug 1, 2024

Funny Quotes Need a little humor in your day? Looking for some jokes to tell at your next dental conference. Here is a list of funny quotes guaranteed to bring a smile to ...

Is a Personal Brand Website Right for Me? Job Search

Is a Personal Brand Website Right for Me?

Mar 9, 2020

There was a time that you literally had to be a computer scientist to create a website promoting your expertise. With the rise of Wix, Squarespace, Wordpress, and other platfo...

Creating a Powerful LinkedIn Profile Job Search

Creating a Powerful LinkedIn Profile

Aug 27, 2019

You never get a second chance to make a first impression. These days, your first contact with a potential employer usually isn’t a phone call or a handshake. To land a job, ...

5 Ways to Stay Engaged Under Poor Leadership Other

5 Ways to Stay Engaged Under Poor Leadership

Sep 12, 2018

Workers enthused about what they do for a living tend to be happier and perform their best work. Yet as several polls suggest, many Americans can't help but feel disconnected ...

What Dental Associates Should Expect of a Mentor Other

What Dental Associates Should Expect of a Mentor

Aug 7, 2018

Dental mentorship programs are important to your future, and the future of the dental industry. Mentors provide the next generation of dental experts an opportunity to gather ...

About ETS Dental Other

About ETS Dental

Jun 19, 2014

Building Practices - Enhancing Careers   Are you seeking a new opportunity? Is finding a long-term Associate, Potential Partner or Potential Buyer for your practice at the to...

Balancing the Chaos – Ten Tips to Create a Better Work Life Balance Other

Balancing the Chaos – Ten Tips to Create a Better Work Life Balance

Oct 9, 2013

I feel like I should start a support group with this introduction, but… Hi, my name is Tiffany and I suffer from horrible work/life balance. I work full time, am taking cl...

Where is everyone moving? – Household Moving Migration Patterns Other

Where is everyone moving? – Household Moving Migration Patterns

Feb 23, 2012

2011 Migration Patterns by Atlas Van Lines...

Contact Us Other

Contact Us

Nov 3, 2010

ETS Dental 2840 Hershberger RoadSuite BRoanoke, VA 24017Fax: (540) 563-1687www.etsdental.comwww.facebook.com/ETSdentalMark Kennedy (mkennedy@etsdental.com)Manag...

The Secret Lives of Dentists Other

The Secret Lives of Dentists

May 24, 2010

I remember the first time that I ran into my family dentist in town rather than in his office. I was a teenager at the time, so I should not have been shocked that my dentist ...