The number of jobs the US created in September. Although the recovery from The Great Recession has been slow, it has also been the steadiest job recovery in US history. According to the Bureau of Labor Statistics, September was the 48th straight month of job growth, and the unemployment rate has fallen from 6.1% to 5.9%. Unemployment has been steadily dropping, and this marks the first time that unemployment has been below 6% since before the financial crisis.
However, part of the reason that unemployment may be dropping is because people are dropping out of the labor force and cannot be labeled as “unemployed” if they are not looking for work. Some of the people who drop out are retiring baby boomers, but some are people who have given up on the searching for jobs. Still, the average number of jobs being added every month this year is keeping up with the natural population growth, which means there is hope in the future.
The percentage of pay that Louisiana women earn compared to their male counterparts. The wage gap varies around the United States; in New York women make 86 cents for every dollar a man makes. The wage gap only encourages gender inequality. The fluctuation between the wage gap in different states can be explained by perception: when pay is based on work performance an employer’s perception can be affected by the employee’s gender, leaving women less likely to receive that bonus or promotion.
24/7 Wall St. recently analyzed the ten worst states for women. In each of those states women were less likely to hold management positions – although Mississippi was found to be the worst state for women, they made up less than 1/3 of management jobs in South Dakota and Utah. Workplace discrimination and the wage gap also contribute to a gap in promotions, networking, and recruitment. Unsurprisingly, the states ranked worst for women also had a lack of female representation in positions of government.
The number of polled people who said that the economy is extremely or very important in deciding their votes for Congress. Although the economy is improving, there is no way to predict when another recession will hit and those who are victims of the last recession are still trying to recover. With nearly three million people still unemployed, there are certain ways to keep yourself prepared and build resilience for future recessions.
Develop transferrable skills and abilities that can be applied to various occupations, so if you find yourself unemployed you will have a broader job market. Stay informed about the economy, so you can see where your company and job prospects are headed. And while you are employed, strengthen your finances – take care of your debt as soon as you have the resources, increase your savings, and invest carefully. This will be your protective padding in case of another economic downturn.
The number of years we into recovery from the Great Recession. Although the economy is slowly turning around, it seems that many Americans have grown more pessimistic. A recent survey by Rutgers University shows that 71% of Americans now think that the Great Recession permanently damaged the economy – up from the 49% who thought it would have long-lasting damage just five months after the recession ended. The unemployment rate has dropped by an encouraging 4% since then, but almost half of those surveyed said they now have less pay and savings than seven years ago. A culture of layoffs, mortgage debt, and slow median household income growth has resulted in growing anxiety for many American who may now be forced to work through their retirement.