News / Economy

US Economy Gains Jobs, but Unemployment Rises

People wait in line to meet with recruiters during a job fair in Melville, New York, July 19, 2012.
People wait in line to meet with recruiters during a job fair in Melville, New York, July 19, 2012.
WASHINGTON — The U.S. economy had a net gain of 163,000 jobs in July - better than the previous month - but at the same time the unemployment rate edged up slightly, to 8.3 percent. While efforts to improve unemployment seem stalled, experts from firms that connect companies with job seekers say big companies are looking for highly educated workers to fill key positions.

Millions of jobs were lost during the worst recession in decades, and 12.8 million Americans remain out of work.

When the economy slowed, demand dropped. Many companies slashed their work forces and have been slow to replace the people who were laid off.

US Unemployment data - 2009 - 2012US Unemployment data - 2009 - 2012
x
US Unemployment data - 2009 - 2012
US Unemployment data - 2009 - 2012
Skilled workers sought as demand increases

Some experts in job networking and placement businesses say that is changing, though, as firms now are seeking key, top-level employees to meet growing demand for products.

The MRINetwork surveyed a couple of hundred recruiters who say they are filling some jobs in sales, information technology and accounting.

Watch related video by Mil Arcega
US Hiring Picks Up, Unemployment Rate Ticks Higheri
|| 0:00:00
X
Mil Arcega
August 04, 2012 12:50 AM
The U.S. economy beat expectations last month - adding 163,000 new jobs in July. That's welcome news for Americans still looking for work. But the numbers don't tell the whole story. Mil Arcega reports that despite better than expected job growth, the U.S. unemployment rate inched higher in July.

"Companies are so thin [under staffed] today, they just can't do it. They have to replace people [who leave]," said Dave Campeas, who heads an MRINetwork office in New Jersey.

As the economy recovers, Rich Milgram, CEO of the career network called "Beyond-dot-com," said sales positions are the first to get filled, and then hiring goes from there.

"In large corporate [corporations], it's really happening now. It's gone from sales, to customer service, and then into the more technical and larger-scale departments," he said.

High hopes for ripple effect

Milgram said once companies start selling products, they need to hire people to provide customer service. Then they gradually add information technology specialists to help with product development, and financial people to support the rest of the company's work.

Milgram said he is optimistic the economy will recover and hiring will get stronger over the next year. While many people in Washington are worried that political gridlock in Congress could hurt the economy, Milgram said many companies are looking past the bickering and hoping to expand their businesses.

Campeas said it may take quite a while, however, before the hiring of top talent will lead to the creation of more jobs for less skilled workers, a much larger group.

You May Like

Video Experts Warn World Losing Ebola Fight

Doctors Without Borders says world is losing battle against Ebola, unless wealthy nations dispatch specialized biological disaster response teams More

Video Experts: Rise of Islamic State Significant Development in Jihadism

Many analysts contend the group - which grew out of al-Qaida in Iraq - has been rebuilding for years More

US-Based Hong Kongers Pledge Support for Pro-Democracy Activists

Democracy advocates call on Chinese living abroad to join them in opposing new election rules for their home territory More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Larger Than Life Chinese Lanterns Make Southern California Appearancei
X
Elizabeth Lee
September 02, 2014 8:57 PM
Chinese lanterns with a long history are lighting up in 21st century style at the Los Angeles County Fair in southern California. Visitors can see traditional lanterns that hang, but also lanterns in the shape of animals, iconic landmarks and many other objects, all created by artisans from a place in China known for its lanterns. Elizabeth Lee has the details from the fair in the city of Pomona.
Video

Video Larger Than Life Chinese Lanterns Make Southern California Appearance

Chinese lanterns with a long history are lighting up in 21st century style at the Los Angeles County Fair in southern California. Visitors can see traditional lanterns that hang, but also lanterns in the shape of animals, iconic landmarks and many other objects, all created by artisans from a place in China known for its lanterns. Elizabeth Lee has the details from the fair in the city of Pomona.
Video

Video Experts See Rise of ISIS as Significant Development

The Islamic State’s rise seems sudden. It caught the U.S. by surprise this summer when it captured large portions of northern Iraq and spread its wings in neighboring Syria. But many analysts contend that the group - which grew out of al-Qaida in Iraq - has been rebuilding for years. VOA's Jela de Franceschi takes a closer look at the rise of ISIS and its implications for the Middle East and beyond.
Video

Video Israel Concerned Over Syrian Rebels in Golan

Israeli officials are following with concern the recent fighting between Syrian rebels and government forces near the contested Golan Heights. Forty-four U.N. peacekeepers from Fiji have been seized by Syrian Islamist rebels and the clashes occasionally have spilled into Israel. VOA’s Scott Bobb reports from Jerusalem.
Video

Video Ukraine Schools Resume Classes, Donate to Government Forces

A new school year has started in Ukraine but thousands of children in the war-torn east are unable to attend because of ongoing clashes with pro-Russia rebels. In Ukraine's capital, patriotic education has become the norm along with donations to support injured security forces fighting to take back rebel-held areas. VOA's Daniel Schearf reports from Kyiv.
Video

Video US Detainees Want Negotiators for Freedom in North Korea

The three U.S. detainees held in North Korea were permitted to speak with foreign media Monday. The government of Kim Jong Un restricted the topics of the questions, and the interviews in Pyongyang were limited to five minutes. Each of the men asked Washington to send a representative to Pyongyang to secure his release. VOA’s Carolyn Presutti has our story.
Video

Video Turkmen From Amerli Describe Survival of IS Siege

Over the past few weeks, hundreds of Shi'ite Turkmen have fled the town of Amerli seeking refuge in the northern city of Kirkuk. Despite recent military gains after U.S. airstrikes that were coordinated with Iraqi and Kurdish forces, the situation remains dire for Amerli’s residents. Sebastian Meyer went to Kirkuk for VOA to speak to those who managed to escape.
Video

Video West Africa Ebola Vaccine Trials Possible by Early 2015

A U.S. health agency is speeding up clinical trials of a possible vaccine against the deadly Ebola virus that so far has killed more than 1,500 people in West Africa. If successful, the next step would be a larger trial in countries where the outbreak is occurring. VOA's Carol Pearson has more.
Video

Video Survivors Commemorate 70th Anniversary of Nazi Liquidation of Jewish Ghetto

When the German Nazi army occupied the Polish city of Lodz in 1939, it marked the beginning of a long nightmare for the Jewish community that once made up one third of the population. Roughly 200,000 people were forced into the Lodz Ghetto. Less than 7,000 survived. As VOA’s Kane Farabaugh reports, some survivors gathered at the Union League Club in Chicago on the 70th anniversary of the liquidation of the Lodz Ghetto to remember those who suffered at the hands of the Nazi regime.

AppleAndroid

World Currencies

EUR
USD
0.7537
JPY
USD
103.79
GBP
USD
0.6032
CAD
USD
1.0957
INR
USD
60.522

Rates may not be current.