Economic Data - April 2011
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Transcript of Economic Data - April 2011
Reflective of the April 2011National Jobs Report from theBureau of Labor Statistics
Reflective of the April 2011National Jobs Report from theBureau of Labor Statistics
U.S. ECONOMIC DATA
As of April 2011
JOBS GAINED IN MARCH
UNEMPLOYMENT RATE
WORST UNEMPLOYMENT RATE SINCE
216,000
8.8%
1983*Current recession excluded
PRIVATE SECTOR GROWTH TOPS 200,000 FOR SECOND MONTH RUNNING
Source: Labor Department
0.0
2.0
4.0
6.0
8.0
10.0
12.0A
ug
-08
Se
p-0
8O
ct-0
8N
ov-
08
De
c-0
8Ja
n-0
9F
eb
-09
Ma
r-0
9A
pr-
09
Ma
y-0
9Ju
n-0
9Ju
l-0
9A
ug
-09
Se
p-0
9O
ct-0
9N
ov-
09
De
c-0
9Ja
n-1
0F
eb
-10
Ma
r-1
0A
pr-
10
Ma
y-1
0Ju
n-1
0Ju
l-1
0A
ug
-10
Se
p-1
0O
ct-1
0N
ov-
10
De
c-1
0Ja
n-1
1F
eb
-11
Ma
r-1
1
Un
em
plo
ym
en
t R
ate
%
UNEMPLOYMENT RATE DECREASES TO 8.8%
Source: CNNMoney.com
A YEAR IN JOB GAINS AND LOSSESMarch 2010-March 2011
Source: Washington Post
TWO YEARS IN UNEMPLOYMENT DATA
ereSource: US News & World Report
RECESSION SNAPSHOT
Source: NYTimes.com
Wee
ks
unem
ploy
edAVERAGE LENGTH OF UNEMPLOYMENT
Source: NYTimes.com
Per
cent
un
empl
oym
ent
BREAKDOWN OF UNEMPLOYED WORKERS
Leis
ure
& H
osp
italit
y
Const
ruct
ion
Man
ufa
cturi
ng
Reta
il
Legal
Acc
ou
nti
ng
Arc
hit
ect
ure
/Engin
eeri
ng
Fin
an
ce
IT/T
ech
nic
al
Healt
hca
re Tem
pora
ry
-1
+37
+17 +17.7
-.5
+20.2
+5.2 +6 +6.1
+36.6
+28.8
In thousands
SECTOR CHANGES FOR MARCH
8.8%
4.4%
7.4%
9.5%
13.7%
National average
College educated
Some college
High school diploma
Less than high school
EDUCATION CONTINUES TO BE THE JOB SEARCH DIFFERENTIATOR…
METROPOLITAN UNEMPLOYMENT SNAPSHOT…
7.8%7.9%
8.2%8.5%
8.8%9.0%
9.1%9.3%
9.4%9.5%
10.0%10.2%
10.4%11.5%
11.7%12.2%
13.7%
Boston
Baltimore
Milw aukee
Dallas
Houston
Philadelphia
Seattle
Cleveland
New York
Chicago
St. Louis
San Francisco
Atlanta
Miami
Detroit
Los Angeles
Las Vegas
COMPARING RECOVERIES: JOB CHANGES
Source: NYTimes.com
Source: MSNBC.com
COMPARING RECOVERIES: JOB CHANGES
Private sector holds strong while public sector falls
Source: NYTimes.com
PRIVATE SECTOR HOLDS STRONG WHILE PUBLIC SECTOR FALLS
Source: USAToday.com
JOB FORECASTS
Source: CNNMoney.com
GDP OUTLOOK
March’s report was a good sign the recovery is really here, yet global happenings could slow the progress…
Opportunities• The unemployment rate drop to 8.8% marks the fourth month of
increasing employment • The gain of 230,000 private sector jobs is first time since 2006 the
private sector has seen back-to-back gains of 200,000 +• The Temporary sector increased yet again with the addition of
28,000 jobs
Weaknesses• Unrest in the Middle East and Japan leaves much undetermined as
to the potential effects on the U.S. job market• The average workweek remained stagnant at 34.3 hours• The average hourly earnings remained stagnant at $22.87• Economists still expect the unemployment rate might rise again
before steadily falling due to discouraged workers re-entering the job market
IN SUMMARY
As of April 2011 As of April 2011
GLOBAL ECONOMIC DATA
Source: DismalScientist.com
EURO ZONE EMPLOYMENT
Source: DismalScientist.com
JAPAN GROWTH FORECASTS
Source: DismalScientist.com
JAPAN UNEMPLOYMENT
Source: DismalScientist.com
INDIA GDP
Source: DismalScientist.com
CHINA INDUSTRIAL PRODUCTION
Source: DismalScientist.com
PERU EMPLOYMENT SITUATION
Source: DismalScientist.com
BRAZIL UNEMPLOYMENT PICTURE
Source: DismalScientist.com
ECONOMY IN LATIN AMERICA