Employment Number Blues / Confusion

I recently read this email blast below and it is my opinion from here at Berman Larson Kane www.jobsbl.com that this analysis by Ilyse Shapiro is really on the money.

Recent Bureau of Labor Statistics Report Paints Rosy Picture; Deeper Analysis Proves Otherwise
The June, 2007 Employment Situation Summary reported by the Bureau of Labor Statistics paints a positive picture. Non-farm payroll employment increased by 132,000 in June and the unemployment rate was unchanged at 4.5%. However, a closer look at the results proves that we are in worse shape today than we were at the same time in 2006.“As the results were distributed nationwide, a collective sigh of relief could be heard among many Americans. Unfortunately, deeper analysis shows that we don’t have all that much to cheer about,” says Ilyse Shapiro, founder of the job search Web site, MyPartTimePRO.com.Shapiro found the following discrepancies between the June, 2006 and June, 2007 data:
More than 131,000 women and 32,000 men are not currently in the labor force yet looking for employment, as compared to June, 2006.
An additional 232,000 Black/African Americans and 596,000 Latinos/Hispanics are unemployed (seasonally adjusted).
32,000 more Americans with some college or an associate’s degree are not employed, as compared to last year.
More people are working multiple jobs in June, 2007 vs. June, 2006, 7.707 million vs. 7.378 million (seasonally adjusted).
More people are unemployed in management/business/financial services, sales/related positions, and farming/fishing/forestry, construction/extraction, and production occupations in June, 2007 as opposed to June, 2006.
During the first six months of 2007, job growth among professional and business services sectors averaged 13,000 per month compared with an average of 42,000 per month in the last half of 2006.


These bullets really make us question what is going on in the employment market place. As the stock market gyrates in wild swings & the corporate credit crunch begins to take hold I am concerned for the future job creation numbers.

As for us here at Berman Larson Kane www.jobsbl.com we continue to experience a pocket slow down in some sectors while skill shortages in other continue to heat up. So as usual I have no idea what is really going on……Bob Larson

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