Asset Based Loan

May jobs report a disappointment

According to the Friday, June 1st, 8:30 A.M. release by the Bureau of Labor Statistics, Non Farm labor employment increased by only 69,000 in May of 2012. The unemployment rate was virtually unchanged at 8.2%.

With most economic analysts predicting roughly 150,000 or slightly more jobs added in May, the report was considered a disappointment by almost all analysts. The only sectors in which employment increased was health care transportation, warehousing and wholesale trade. Employment declined in construction and remained virtually unchanged in most other categories.

The number of unemployed persons was reported at 12.7 Million. The groups for which the unemployment rate increased was adult males at 7.8% and Hispanics at 11%. The unemployment rate for adult women was at 7.4%, teenagers, 24.6%, whites 7.4%, and blacks, 7.6%. The jobless rate for Asians was 5.2%, the lowest of all major categories, and this was down from 7.0% a year earlier.

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.


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