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JOB-RELATED NEWS updated January 6, 2012
  • Unemployment data--January 2012 graph: unempl> 6mos. CBPP 2/12
  • Analysis
    • "African Americans in particular saw an especially sharp decline in unemployment, with their overall rate falling by 2.2 percentage points to 13.6 percent, the lowest level since March of 2009....The unemployment rate for all men and women over age 20 is now the same at 7.7 percent, the first time they have been equal since the recession began in December, 2007. .... Ignoring Census hiring, this is the strongest three-month stretch since February to April of last year when job growth averaged 239,000 a month ....The January report is undoubtedly one of the best reports that we have seen since the recession began.....While this is markedly better than what we had been seeing, at this rate we would not get back to full employment until 2020." Baker, CEPR, 2/3/12

National Jobs for All Coalition
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Lynbrook, NY 11563

Email: njfac [at] njfac.org