Study Concludes that Job Growth is Moderate

Posted by marykeating on July 7, 2010 under Economic situation | Be the First to Comment

The news has been full of disappointment over a weak job recovery. While economists say the recession has been over for a year, tell that to the long-term unemployed people. Congress failed to renew their extended unemployment benefits before recessing.

A new study shows growth, though it’s weak. The research looks at hard numbers of available jobs, production, sales and unemployment claims, together with polls of how difficult job seekers considere the market. Based on their aggregation, the Conference Board Employment Trade Index concludes that progress is slow and steady, up 9.8% from a year ago.