90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
Here and Now with Robin Young
Public radio's live
midday news program
With sponsorship from
Mathworks - Accelerating the pace of engineering and science
Accelerating the pace
of engineering and science
Friday, February 1, 2013

Moderate But Steady Job Growth Calms Economy Fears

Taneshia Wright, of Manhattan, fills out a job application during a job fair in New York in December 2012. (Mary Altaffer/AP)

Taneshia Wright of Manhattan fills out a job application during a job fair in New York in December 2012. (Mary Altaffer/AP)

The U.S. government on Friday reported 157,000 more jobs in January and average hourly wages up slightly.

The data also showed that job gains in November and December of last year were stronger than initially estimated, and that net hiring growth over the past two years averaged about 180,000 jobs each month.

On the other hand, more than 12 million people are still looking for jobs, and the unemployment rate rose as more of them entered the job market.

Economists and investors seem to be taking Friday’s data as a reassurance after news that the U.S. economy actually shrank at the end of last year.

Analysts are parsing the numbers to find out what they say about the direction of the U.S. economy, what industries are stronger and weaker, and where future job growth is likely to be.

Guest:


Please follow our community rules when engaging in comment discussion on this site.
  • http://pulse.yahoo.com/_DPKS3HUGQBPILPIU7IVZSHGXLI Robert_N

    I have to wonder about the size of the pool of unemployed but not counted. It seems that every so often there’s a surge of people who show up as actively looking, bumping up official “unemployment”. Maybe labor force participation rates are a better metric of the overall market, and how well new jobs are keeping pace with population growth (and then some in order to take up the pool of unemployed).

Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

July 30 Comment

As War And Conflicts Proliferate, Children Become Unwary Victims And Targets

Kids have always suffered during war and crisis, but there's a sense the burden of instability is being increasingly borne by children.

July 30 3 Comments

California Drought: A Central Valley Farmer’s Experience

Last month was the hottest June on Earth since records began in 1880, making the West Coast drought even harder for farmers.

July 29 13 Comments

U.S. ‘Border Crisis’ In A Global Context

Bill Frelick of Human Rights Watch says what the U.S. is seeing is dwarfed by the massive flow of refugees into other countries, such as Italy.

July 29 4 Comments

Iraq War Vet Returns To A Broken Country

Roy Scranton says what he found in Baghdad "shows the evidence of the truth of what we'd actually done."