As someone who recently accepted a new position at Harris Law Firm, I can proudly say I benefited from the stable job market last month.
According to the Associated Press’ coverage of a government monthly jobs report, over the past 12 months, the jobless rate for women fell from 4.9% to 4.3%. Specifically, women ages 35 to 44 contributed to unemployment dropping more than a full point to 3.5% over the past year.
It is noted that even with the significant job gains, the overall unemployment rate remained at 4.9% for the second month in a row which took into account the more than 400,000 people who looked for jobs in July with some not immediately finding employment.
While women benefitted overall, for some groups the jobless rate increased (men, Asians and people over 55 years of age).
Even so, the positive jobs report is an indication that the economy is in an upswing following our nation’s recession. This is based on the number of adults that have recently been hired or are currently looking for employment.
- Marra Allen, Marketing Manager
Source: The Associated Press, 2016-08-05