Modest job ads improvement suggests unemployment near peak
WASHINGTON: The U.S. Bureau of Labor Statistics (BLS) report강원출장마사지ed on Tuesday that more than 20.6 million jobs were created during the first quarter of 2015, the highest rate for over three years.
The unemployment rate was 10.9 percent in the first quarter, the lowest since July 2009.
The report showed that the U.S. economy expanded by 0.2 percentage point faster than th오바마 카지노e median estimate, with the job market picking up speed.
The pace of job creation also reflected the effects of a rebound in construction, which expanded at a faster pace than in the prior two quarters.
On a yea광주출장안마r-over-year basis, the rate of job creation fell to 3.1 percent from 3.5 percent, the lowest level since January 2011. The number of jobs created during the first quarter was up more than six thousand from the corresponding period in 2014, when the unemployment rate was 5.9 percent.
The increase in the labor force participation rate — the ratio of people age 16 to 64 who are employed or actively searching for work — was up four points to 64.1 percent. That’s the highest level since January 2000.
Some of the job gains in recent months came in sectors where the economy has grown the most — education, construction and financial services.
The rate of change in the overall unemployment rate to 62.3 percent from 62.6 percent during the first quarter of 2014 is roughly in line with the 3.6 percent gain seen during the fourth quarter of 2015, which the BLS had expected.
There were more people employed than unemployed for the first time in January 2015, a figure that economists attribute to economic uncertainty, improved job-market dynamics and a gradual tightening in policy during a period of slower growth.
The number of people in jobs increased at a slower pace than the population because more people than in any year since early 2008 stopped looking for work, the BLS said. There were about 2.8 million fewer unemployed persons in January than there were four years earlier.
During the first quarter of 2015, 637,000 people moved into the labor force. Of those, 185,000 were in part-time work.