According to the October 7, 2011 report by the U.S. Bureau of Labor Statistics, Non-Farm payroll employment edged up by 103,000 in September, and the unemployment rate held steady at 9.1%. However, 45,000 of those jobs reflected telecommunications workers that went on strike since August.
Based on the return of the workers on strike, real job growth was actually 58,000, a relatively small figure given the size of the economy. At this rate, it would take over 11 years to make up the approximately 8 Million jobs that were lost when the economy went into a virtual free fall in September of 2008.
What are the bright spots, hiring wise in the economy? Health care, which added 44,000 jobs. A surprise could be considered an increase in construction employment, which added 26,000 jobs over the month, due to increases in heavy and civil construction, as well as mining.
The debate continues over what can accelerate the jobs picture in the United States, with the president’s jobs bill being debated whether it will help create jobs or be an expensive, ineffective government stimulus.
Small Business Loan Resources:
SBA Community Blog and Forum – Blog and Forums by the SBA, Small business administration. Questions can be asked and answers provided.
U.S. Department of Commerce – Helps american businesses become more innovative at home and competitive abroad.
U.S. Bureau of Economic Analysis – Provides statistics on consumer spending, corporate profits, travel and tourism and much more.
Entrepreneurworld – Resource for Entrepreneurs, including starting your own business, growing your business.
Bureau of Labor Statistics – Provides companies with up to date information on employment, demand, hiring, productivity and other information that may be useful to companies.
International Trade Administration – Creates jobs and economic growth by promotingU.S. companies abroad to governments in other countries.
More Small Business Loan resources:
Department of Labor – Provides information on many labor issues that can be useful to companies, such as insurance, regulation, wages, wage hours, compensation, safety and health
U.S. Patent and Trademark Office –U.S. office to file patents to protect a companies new or existing proprietary products.
U.S. Trade and Development Agency – Promotes U.S. Exports to Foreign Countries, please review if your company is interested in exporting goods to foreign countries.
CEO Refresher - A monthly newsletter on creative leadership ideas. Short articles, brief book reviews, models, management tools, quotations and commentary.
E-Network for CEOs – Online articles and much more for CEO’s
Public Radio Planet Money – All issues money related to the public.
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