Sunday, January 25, 2015
YOLO COUNTY NEWS
99 CENTS

Good news on the jobs front

By
From page A10 | May 09, 2013 |

The issue: All signs are pointing in the right direction for continued recovery

For the past four years, the job market has suffered a spring slowdown. But maybe that cycle ended this April with a really solid government report on employment.

THE JOBLESS RATE fell slightly to 7.5 percent, a four-year low, from 7.6 percent in March and is down 0.4 percentage points since the start of the year. The improvements may be small, but they are headed in the right direction, have been reassuringly steady and bring us closer to the 6.5 percent figure when the Fed says it will be confident enough to begin easing up on its record-low short-term interest rates.

The news gets better. The Department of Labor said it substantially underestimated — by 114,000 — the number of jobs employers added in February and March. The true figures are 332,000 in February and 138,000 in March.

The government issues the revised figures because some employers, especially small businesses, are simply slow in reporting.

The April improvement, a net increase of 165,000 jobs that far exceeded expectations, might have been better except for several daunting factors: the tax hikes at the beginning of the year; the across-the-board cuts in federal spending; the beginnings of a slowdown in Europe; and the continuing monthly loss of government jobs, down 11,000 last month.

ANOTHER HEALTHY sign is the hiring in fields where consumer spending is largely discretionary, indicating that people are feeling a little more confident about their employability and job stability.

Employment in food services and drinking establishments increased 38,000 over the month. Indeed, job growth in the food-services industry, according to the department, has averaged 25,000 a month over the past 12 months.

Employment in retail increased 29,000 last month, and has been averaging 21,000 a month over the last 12.

This job growth, while impressive, even encouraging, still means it will be a long, slow slog to employ the 11.7 million Americans who say they want work but can’t find it. But the figures were strong enough to prompt Fed Chairman Ben Bernanke to suggest that the Obama administration and Congress concentrate on growth measures rather than spending cuts.

Comments

comments

.

News

Bridges of Yolo County: Wear, tear … repair?

By Elizabeth Case | From Page: A1 | Gallery

 
Four days of unusual, adventuresome music

By Jeff Hudson | From Page: A1 | Gallery

 
Rockets kill 30 in Ukrainian city as rebels launch offensive

By The Associated Press | From Page: A2

Abe ‘speechless’ after video claims IS hostage dead

By The Associated Press | From Page: A2

 
GOP presses state bills limiting gay rights before ruling

By The Associated Press | From Page: A2

Abortion opponents express renewed hope at California rally

By The Associated Press | From Page: A2

 
Spanish police arrest 4 suspected members of a jihadi cell

By The Associated Press | From Page: A2

Share your love (story) with us

By Enterprise staff | From Page: A3

 
Fake schools draw federal scrutiny

By The Associated Press | From Page: A3 | Gallery

Winter produce available at Sutter market

By Special to The Enterprise | From Page: A3

 
Vote for your favorites in Readers’ Choice poll

By Enterprise staff | From Page: A3

 
Sip wines at St. James’ annual tasting

By Special to The Enterprise | From Page: A3

Donations to be distributed during homeless count

By Anne Ternus-Bellamy | From Page: A4

 
Speaker will share computer security tips

By Enterprise staff | From Page: A4

Logos Books celebrates 5 years, offers language groups

By Enterprise staff | From Page: A4

 
Australian olive oil company opens U.S. headquarters in Woodland

By Special to The Enterprise | From Page: A4

Explore at the YOLO Outdoor Expo

By Enterprise staff | From Page: A4

 
Pedal around Davis on weekly bike ride

By Enterprise staff | From Page: A4

 
Yolo animal shelter seeking rawhide donations

By Lauren Keene | From Page: A5

Woodland Healthcare employees take Great Kindness Challenge

By Special to The Enterprise | From Page: A5

 
At the Pond: Nest boxes give birds new homes

By Jean Jackman | From Page: A6 | Gallery

California ranks worst in nation for guidance counselors

By The Associated Press | From Page: A7

 
Davis, Woodland are saving water

By Elizabeth Case | From Page: A12

Words and Music Festival events

By Jeff Hudson | From Page: A12

 
.

Forum

 
Caring for the aging mouth

By Samer Alassaad | From Page: A8

 
Mayor’s Corner: Let’s renew Davis together

By Dan Wolk | From Page: A10

We have the right to choose

By Letters to the Editor | From Page: A10

 
We don’t have to suffer

By Letters to the Editor | From Page: A10

City helped immensely

By Letters to the Editor | From Page: A10

 
Rick McKee cartoon

By Debbie Davis | From Page: A10

Big utilities’ nightmare begins to play out

By Tom Elias | From Page: A10

 
When measles spreads from Disneyland, it’s a small world after all

By New York Times News Service | From Page: A11

From innovation parks to innovative buildings and planning

By Special to The Enterprise | From Page: A11

 
.

Sports

Aggies get top 2015 gymnastics score, but fall short

By Bruce Gallaudet | From Page: B1 | Gallery

 
Loud crowd sees DHS boys win

By Spencer Ault | From Page: B1 | Gallery

Lady Devils hold off Pacers, stay perfect in league

By Enterprise staff | From Page: B1

 
Wildcats’ inaugural kids development league exceeds expectations

By Bruce Gallaudet | From Page: B1 | Gallery

UCD men take two tennis matches

By Enterprise staff | From Page: B8

 
Watney in ninth at Humana Challenge

By Staff and wire reports | From Page: B8

.

Features

.

Arts

.

Business

Davis man focusing on cannabidiol business

By Will Bellamy | From Page: A9

 
Marrone Bio’s Regalia approved for new uses in Canada

By Special to The Enterprise | From Page: A9

 
UCD grad makes insurance ‘hot 100′ list

By Enterprise staff | From Page: A9

Yolo County real estate sales

By Zoe Juanitas | From Page: A9

 
.

Obituaries

.

Comics

Comics: Sunday, January 25, 2015

By Creator | From Page: B8