{"id":2028,"date":"2011-07-08T11:39:23","date_gmt":"2011-07-08T16:39:23","guid":{"rendered":"http:\/\/www.strategicsearch.com\/interview-preparation-blog\/?p=369"},"modified":"2011-07-08T11:39:23","modified_gmt":"2011-07-08T16:39:23","slug":"only-18000-jobs-created-in-june-bls-increases-for-the-2nd-straight-month-to-9-2","status":"publish","type":"post","link":"https:\/\/strategicsearch.com\/beta\/only-18000-jobs-created-in-june-bls-increases-for-the-2nd-straight-month-to-9-2\/","title":{"rendered":"Only 18,000 Jobs Created In June, BLS Increases For The 2nd straight Month To 9.2%!"},"content":{"rendered":"

The Bureau of Labor Statistics (BLS)<\/a> reported earlier today that there were only 18,000 new jobs created in June.<\/strong> As a result, the unemployment rate rose for the second straight month to 9.2%!<\/strong> Additionally, many economists thought we had reversed the historical crisis of 20 straight months of 9.4% or worse from May 2009 to January 2011. Unfortunately, we are edging ever closer to that terrible 9.4% rate.<\/strong> Furthermore, the real unemployment rate<\/strong>, if you include those who have either given up looking or are involuntarily working part-time (and are not included in the BLS numbers), is closer to 16.6% or 1 in 6 workers!\u00a0<\/strong><\/p>\n

I am both a jobs expert and leader of the largest SEO<\/a> group in the Chicago area including being an expert in applying SEO<\/a> to job hunting. I have attached some of my talking points for your review.<\/p>\n

1. 25.4 million<\/strong> ( +.8 mil from past month)= 14.1 mil. Unemployed<\/strong> + 8.6 mil. Involuntarily working part-time + 2.7 mil. who are not even counted<\/strong> = 25.4 million workers who are either unemployed or underemployed or 16.6% of all workers! = 1 in 6 workers<\/strong> still unemployed or underemployed in the June BLS<\/a> figures!<\/p>\n

2. The recession has killed off 7.9 million jobs. Many of them are not coming back!<\/strong><\/p>\n

3. BLS<\/a><\/strong> said that the National Unemployment rate edged up .1% to 9.2% in June.<\/strong><\/p>\n

4. Caveat: 20 straight (May 2009 to January 2011) months of the unemployment rate being 9.4% or higher!<\/p>\n

5. Illinois unemployment rate 8.8% in May= +.2% (Projected).<\/p>\n

6. Gain of only 18,000 non-farm jobs in June.<\/strong><\/p>\n

7. The gains<\/strong> were: a) Professional and technical services gained 24,000 jobs in June (gained 245,000 jobs since a recent low in March 2010) b) Health Care which rose by 14,000 in June (Key: has averaged 24,000 added per month during the past 12 months) c) Mining added 6,000 in June (Key: has risen 128,000 since the low point of October 2009) and d) leisure and hospitality, which added 34,000 jobs in June (Key: has added 279,000 since a recent low in October 2009)!<\/p>\n

8. The loser was government jobs, which continues to decline and was down 39,000 for the month!<\/p>\n

9. How bad is it?<\/strong> a) At June\u2019s pace of only 18,000 jobs created, it would take over 10 years to make up for all the jobs lost by the recession <\/strong>and b) A\u00a0U.S. Bancorp study of 1004 U.S. companies<\/strong> with $10 mil. or less revenues showed: a) 70% have no plans to expand their staffs over the next 12 months<\/strong> and b) 78% believe that the U.S. economy is still in a recession!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The Bureau of Labor Statistics (BLS) reported earlier today that there were only 18,000 new jobs created in June. As a result, the unemployment rate rose for the second straight month to 9.2%! Additionally, many economists thought we had reversed the historical crisis of 20 straight months of 9.4% or worse from May 2009 to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[48,49,41,50,51,64,52,65,55],"tags":[42,38,29],"class_list":["post-2028","post","type-post","status-publish","format-standard","hentry","category-chicago-engineering-jobs","category-chicago-jobs","category-chicago-networking","category-chicago-technical-jobs","category-engineering-careers","category-engineering-recruiter","category-interview-preparation","category-recruiter","category-technical-recruiter","tag-chicago-networking","tag-interview-preparation","tag-jobs"],"_links":{"self":[{"href":"https:\/\/strategicsearch.com\/beta\/wp-json\/wp\/v2\/posts\/2028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/strategicsearch.com\/beta\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/strategicsearch.com\/beta\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/strategicsearch.com\/beta\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/strategicsearch.com\/beta\/wp-json\/wp\/v2\/comments?post=2028"}],"version-history":[{"count":0,"href":"https:\/\/strategicsearch.com\/beta\/wp-json\/wp\/v2\/posts\/2028\/revisions"}],"wp:attachment":[{"href":"https:\/\/strategicsearch.com\/beta\/wp-json\/wp\/v2\/media?parent=2028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/strategicsearch.com\/beta\/wp-json\/wp\/v2\/categories?post=2028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/strategicsearch.com\/beta\/wp-json\/wp\/v2\/tags?post=2028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}