Job creation surges in June but U6 rate at 12.1%

The U.S. created just 142,000 jobs last month to mark the smallest gain since December, preliminary government data on Friday showed. That fell well short of the 228,000 gain forecast by a MarketWatch.

U.S. job creation was widespread across many sectors in April. But the report also wasn’t strong enough for the U.S. Federal Reserve to raise interest rates at its next policy meeting in June..

This decoupling of rates spurred recent debate of using the U-6 rate over the U-3 rate. The U-6 rate counts the people who have simply given up looking for a job, due to the poor state of the economy and those who have taken part-time work but would otherwise want to be employed full time.

LPS settles with Delaware AG over DocX loan documentation allegations To enforce the national mortgage settlement, Attorney General created the California Monitor Program in March 2012. The Attorney General appointed Professor Katherine Porter, a professor at UC Irvine School of Law, as the California Monitor to independently oversee and monitor the bank servicers’ compliance with the settlement.

A government income and expenditure survey estimates that 26.3% of Filipinos are poor and 12.1% are extremely poor. This should be no surprise; unemployment is preventing many from earning enough money to meet their basic needs. Prostitution is rife, even amongst children and the exploitation of child labour is an all too common fact of life.

The chart below is all you need to know about today’s report. Non-seasonally adjusted U-6 surged from 14.3% in May to 15.1% in June. Add that in with the total lack of job creation and the second wave of the “Great” recession appears to be right over the horizon.

WASHINGTON (Reuters) – U.S. job openings fell slightly in April as hiring surged to a record high, government data showed on Monday. Job openings, a measure of labor demand, slipped to a seasonally adjusted 7.4 million from 7.5 million in March, the Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS.

Yet it’s much slower than the monthly pace of 281,000 new jobs during the second half of 2014. “We can’t keep going at 200,000 new jobs] a month. That’s not going to happen.” – Ethan Harris, Merrill.

US job creation rebounded in June while the unemployment rate ticked higher as more people entered the work force in search of jobs, the labor department reported friday. The US economic engine created another 222,000 jobs last month, while the jobless rate rose a tenth of a point to 4.4 percent, according

California job growth will speed up in 2015, driven by a surge in the construction industry. Fresno last year bore a 12.1% jobless rate, followed by the Inland Empire with an 8.3% rate and Los.

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