College and economic security

The Georgetown Public Policy Institute for has released a report detailing how much better off college graduates fared in the economic downturn. Key points:

• unemployment rate for 4 year college graduates never exceeded 6.3% during the recession, compared with a peak unemployment rate of 13.4% in February 2010.
• unemployment rate for new high school graduates peaked at 30% in January 2010, and remained at 24% in May of 2012.
• during the recession (Dec. 2007-Jan 2010) there was modest job growth (187,000) for those with a bachelor's degree or better.
• During the recovery (January 2010-Feb. 2012) job losses for high school graduates or less education continued to decline (230,000) while job growth for those with some college (2,012,000) and Bachelor's degree or better (3,374,000) improved dramatically.
• Nearly 4 out of every 5 jobs lost in the recession were held by workers with a high school diploma or less.

There is a wealth of additional information.

Whose been in office when the jobs grew?

Bloomberg reports a "who knew" moment. Since 1960, private sector job growth when Democrats resided in the White House almost doubles the growth occurring when Republicans resided there. This despite the Republicans holding the presidency 5 years longer than Democrats. The average number of jobs created during a Democrat's residency is 150,000, compared to 71,000 for Republicans.

Job growth signals strong economy in NOLA

Data released Friday by the Louisiana Workforce Commission confirmed anecdotal evidence that the New Orleans area economy is growing. The seven parish metro area added 8,800 jobs since February 2012. The unemployment rate also dropped from 7.4% in January to 7.0%. The state as a whole added 41,000 jobs in the last twelve months.

Louisiana job growth

Good news on state and local unemployment and job creation. The Bureau of Labor statistics (BLS) reported that the state's seasonally adjusted jobless rate dropped to 6.8% in December. Thats down from 7.7% in December 2010. The Louisiana Workforce Commission announced December marked the 15th consecutive month the state added private sector jobs. Statewide job growth in 2011 was 48,300.

National Economy grows to tread water state, local economy fares better

In a mild surprise third quarter growth in the U.S. GDP reached 2.5%, almost doubling second quarter growth, according to the Commerce Department. In Louisiana job growth continues with the New Orleans area adding almost 11,000 jobs between September 2010 and September 2011. The metro area unemployment rate in September was 6.9%.

Slim job growth in September

Private sector employers added a meager 137,000 jobs in September, while the public sector continues to shed jobs according to the latest jobs report from the Bureau of Labor Statistics (BLS). The unemployment rate remained at 9.1 percent while the underemployment rate inched up to 16.5% (from 16.2%). Both the July and AUgust estimates were revised upward, but only slightly.

Jobs and more jobs

Although the unemployment rate remained at 9.7%, the economy gained 162,000 jobs.