Current Weather
The Spy FM

Jobs Report: 5 Key Numbers And 1 Graph

Filed by KOSU News in Business.
March 9, 2012

The job market is getting stronger, but it’s still far from healthy, according to this morning’s big employment report.

Getting Stronger:

* The U.S. added 227,000 jobs in February.

* Job growth was even higher than previously reported over the past few months. Employers added 284,000 jobs in January — 41,000 more than initial estimates suggested. The December jobs number was also revised upward. Initial estimates often underestimate job gains when the economy is gaining strength.

Still far from healthy:

* There are 5 million fewer jobs today than there were five years ago, before the recession.

* Wages are not rising fast enough to keep up with inflation. Average hourly earnings rose by 1.9 percent over the past year; inflation was just under 3 percent.

* There are 23.5 million Americans who are either unemployed, are working part-time because they can’t find full-time work, or want a job but have given up looking. This number — known as broader unemployment, or U-6 — is falling, but it’s still nearly twice as high as it was before the recession. It’s shown in the graph at the top of this post. [Copyright 2012 National Public Radio]

Leave a Reply

9PM to 5AM The Spy

The Spy

An eclectic mix of the Spy's library of more than 10,000 songs curated by Ferris O'Brien.

Listen Live Now!

Upcoming Events in your area (Submit your event today!)

Streaming audio and podcasts

Stream KOSU on your smartphone

Phone Streaming

SmartPhone listening options on this page are intended for many iPhones, Blackberries, etc. with low-cost software applications available to listen to our full-time web streams, both News on KOSU-1 and Classical on KOSU-2.

Learn more about our complete range of streaming services

We're perfecting the patient experience - Stillwater Medical Center