Labor Dept. Chief Economist on the August Jobs Report


The U.S. Department of Labor’s Chief Economist, Dr. Jennifer Hunt, jumped online with business leaders from across America this week for a webinar to discuss the August jobs numbers report.

Dr. Hunt gives a very similar presentation to the Secretary of Labor when jobs numbers come out each month, but there was one key difference with this webinar—business leaders had the opportunity to ask questions, offer feedback, and give their own unique insights.

The briefing highlighted the decline in the unemployment rate, the implications of the Affordable Care Act, and further detailed the economic recovery of the past few years for both part-time and full-time employees.

See Dr. Hunt’s slides below:

Here are some of the toplines discussed on the webinar:

  • The unemployment rate is 7.3% — signifying a steady decline in unemployment.
  • The employment-to-population ratio is 58.6%. The number hasn’t completely recovered to its’ pre-recession level.
  • During the last three months, retail trade has led to job growth in the U.S.
  • 9 out of 10 jobs created since the passage of the Affordable Care Act have been full-time positions.
  • There is no systemic evidence employers are cutting employees hours to less than 30 hours a week.

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