Bleak Jobs Report: U.S. Economy "Stalled" With 9.1% Unemployment
09/02/2011
The number of unemployed persons nationwide stood at 14 million in August, little changed from the previous month, according to a survey of households. Those only able to find part-time work rose by 430,000 to 8.8 million. According to the BLS survey, "discouraged workers" no longer looking for employment decreased from a year ago by 133,000 to 977,000.
The average workweek dropped to 34.2 hours, the fewest hours since January, and average hourly earnings fell three cents. Job growth for the previous two months also was revised downward by 58,000, resulting in only 20,000 new jobs in June and 85,000 in July.
Project Announcements
Local Bounti Plans Pasco, Washington, Indoor Agricultural Operations
04/26/2024
Innovative Construction Group Plans Siler City, North Carolina, Production Operations
04/26/2024
Crystal Window and Door Systems Plans Mansfield, Texas, Headquarters-Production Operations
04/25/2024
JDSAT Expands Fairfax County, Virginia, Operations
04/25/2024
Trussworks Mid-America Plans Jackson, Missouri, Manufacturing Operations
04/25/2024
Epic Flight Academy Establishes Hebron, Kentucky, Operations
04/25/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024