Inside the jobs report
February 3rd, 2012
03:57 PM ET

Inside the jobs report

By John Cookson, CNN

The headline numbers in the January jobs report look positive: Employment rose by 243,000 jobs and the unemployment rate edged down to 8.3%. Here are details that did not make the headlines:

The education advantage. A college degree means an unemployment rate at half the national average. Not having a high school diploma means an unemployment rate at three times the rate of those who finished college.

Government cuts. While overall payrolls are up by more than 1.9 million jobs since January 2011, government has shed 276,000 jobs over the same period. Of these lost public sector jobs, 84 percent are at the state and local level.

A “healthy” economy. Employment in health care has increased by 312,500 jobs since January 2011, including 30,900 jobs since December 2011 alone. Health and personal care stores have added another 14,500 jobs over the last year.

Stop pirating movies and music. The motion picture and sound recording industries shed 7,900 jobs between December 2011 and January 2012.

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Topics: Jobs

soundoff (4 Responses)
  1. j. von hettlingen

    Upgrade and make vocational education more attractive for those who don't want to finish high schools.

    February 4, 2012 at 12:13 pm | Reply
  2. Gary Dee, Portland, Oregon

    What looks good is that either seasonal hires (like at Fedex, UPS, etc.) were kept on instead of laid off, and/or additional hiring offset that. The drop in the unemployment rate is mostly due to hiring, as in December.

    However, there are still a lot of people on the sidelines (November's drop in unemployment was mostly folks bailing out of the job hunt), participation is just above all time lows.

    Also, I am concerned that when you factor in monthly population growth, none of the jobs lost in the Great Recession were recovered. (See the Hamilton Project study.)

    For the 30 months since the official end of the Great Recession, job growth on average (after ups and downs) tracked population/work force growth. Yet those job gains have also been subtracted from the jobs lost in the Great Recession! Factoring in labor force growth, then hardly any jobs lost have been regained, no?

    I believe that labor force growth is factored into The Hamilton Project's estimates, that full jobs recovery will not happen until after 2020!

    http://www.hamiltonproject.org/papers/shrinking_job_opportunities/

    February 5, 2012 at 1:29 pm | Reply
  3. Renato

    Only if I had good reason not to trust my kids ( Daughter now 21 and son 17 ), I rseiad them and gave them good values , I have a good honest rapport with my kids and so far they can and they have never let me down , My kids know that I trust them and if they want to stray off the beaten path they call me !Just get them a cheap cell phone and keep tabs on them !Seems to work for my wife with me LOL !!!

    August 8, 2012 at 7:56 am | Reply
  4. Ken

    kids can have privacy when they're 18 and out of the house. until then, you are rebssnpiole for them and deserve to know what they're doing and where they are at all times. if they're doing what they're supposed to, they shouldn't worry about you knowing about it. and as far as trusting them until they give you a reason not to, if you don't check up on them, you'll never know if they're lying. when my kids can drive, i will have the latest tracking technology.

    August 8, 2012 at 7:56 am | Reply

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