News / USA

July Job Losses Raise Concerns Over US Economic Recovery

TEXT SIZE - +

U.S. employment dropped for the second straight month in July as private employers did less hiring than hoped and more than 140,000 people who were hired temporarily for the nationwide census were let go. The figures are giving rise to pessimism about the nation's economic recovery.

The Labor Department reported Friday that private employers added 71,000 jobs in July, well below the nearly 200,000 needed each month to reduce the unemployment rate. It's a big indicator that the U.S. labor market and the economy at large are slow to recover from recession.

The report also showed the unemployment rate stayed unchanged at 9.5 percent, with nearly 15 million Americans out of work in July.

At this rate, it would take years to regain the more than eight million jobs that have been lost in this recession.

Keith Hall, the commissioner of the Bureau of Labor Statistics, told the Joint Economic Committee of Congress that the main wave of job losses appears to have ended.

But he warned that the momentum from five consecutive months of gains earlier this year may be lost.

"I think my biggest concern would be that a lot of the strength this year has come from just a couple of months," said Keith Hall. "We had two months there early in the year where the numbers looked up, payroll jobs growth strengthened, and the labor force participation rose, but that seems to have backed off a little bit now.  So we're in a weaker spot than we were a few months ago."

The figures come at a bad time for the Obama administration.  With midterm elections just a few months away, it is struggling to show that its stimulus measures are turning the economy around.  A poor jobs outlook could help Republicans win back many congressional seats in the November polls.

Earlier this week, Federal Reserve Chairman Ben Bernanke said in a speech that there is still a considerable way to go to achieve a full economic recovery.  He said he is worried that continued unemployment could erode workers' skills and end up having "long-lasting effects" on America's labor force.  


Jerome Socolovsky

Jerome Socolovsky is the award-winning religion correspondent for the Voice of America, based in Washington. He reports on the rapidly changing faith landscape of the United States, including interfaith issues, secularization and non-affiliation trends and the growth of immigrant congregations.

You May Like

Algerians Vote in Presidential Election

There were few media reports of protests and clashes around the country, but so far no significant violence More

Sharks More Evolved than Previously Thought

The discovery could “profoundly affect our understanding of evolutionary history” More

Pakistan Military Asked to Protect Polio Workers

Request comes as authorities say a Taliban ban on vaccinations in 2012 and deadly attacks on anti-polio teams have prevented thousands of children from getting inoculated More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Google Buys Drone Companyi
|| 0:00:00
...
 
🔇
X
George Putic
April 15, 2014
In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
Video

Video Google Buys Drone Company

In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
Video

Video Ray Bonneville Sings the Blues and More on New CD

Singer/songwriter Ray Bonneville has released a new CD called “Easy Gone” with music that reflects his musical and personal journey from French-speaking Canada to his current home in Austin,Texas. The eclectic artist’s fan base extends from Texas to various parts of North America and Europe. VOA’s Greg Flakus reports from Austin.
Video

Video Millions Labor in Pakistan's Informal Economy

The World Bank says that in Pakistan, roughly 70 percent work in the so-called informal sector, a part of the economy that is unregulated and untaxed. VOA's Sharon Behn reports from Islamabad on how the informal sector impact's the Pakistani economy.
Video

Video Passover Celebrates Liberation from Bondage

Jewish people around the world are celebrating Passover, a commemoration of their liberation from slavery in Egypt more than 3,300 years ago. According to scripture, God helped the Jews, led by Moses, escape bondage in Egypt and cross the Red Sea into the desert. Zlatica Hoke reports that the story of the Jewish Exodus resonates with other people trying to escape slave-like conditions.
Video

Video Police Pursue Hate Crime Charges Against Kansas Shooting Suspect

Prosecutors are sifting through the evidence in the wake of Sunday’s shootings in a suburb of Kansas City, Missouri that left three people dead. A suspect in the shootings taken into custody is a white supremacist. As VOA’s Kane Farabaugh reports, he was well-known to law enforcement agencies and human rights groups alike.
Video

Video In Eastern Ukraine, Pro-unity Activists Emerge from Shadows

Amid the pro-Russian uprisings in eastern Ukraine, there is a large body of activists who support Ukrainian unity and reject Russian intervention. Their activities have remained largely underground, but they are preparing to take on their pro-Moscow opponents, as Henry Ridgwell reports from the eastern city of Donetsk.
Video

Video Basket Maker’s Skills Have World Reach

A prestigious craft show in the U.S. capital offers one-of-a-kind creations by more than 120 artists working in a variety of media. As VOA’s Julie Taboh reports from Washington, one artist lucky enough to be selected says sharing her skills with women overseas is just as significant.
Video

Video UN Report Urges Speedier Action to Avoid Climate Disaster

A new United Nations report says the world must switch from fossil fuels to cleaner energy sources to control the effects of climate change. The Intergovernmental Panel on Climate Change released the report (Sunday) following a meeting of scientists and government representatives in Berlin. The comprehensive review follows two recent IPCC reports that detail the certainty of climate change, its impacts and in this most recent report what to do about it. VOA’s Rosanne Skirble has the details.
AppleAndroid