The Herald of Everett, Washington
HeraldNet on Facebook HeraldNet on Twitter HeraldNet RSS feeds HeraldNet Pinterest HeraldNet Google Plus HeraldNet Youtube
HeraldNet Newsletters  Newsletters: Sign up | Manage  Green editions icon Green editions

Calendar

Splash! Summer guide

Weekly business news
HeraldNet Newsletter Delivered to your inbox each week.
Published: Saturday, April 5, 2014, 12:01 a.m.

Job market improves for 25- to 54-year-olds

The U.S. unemployment rate was changed at 6.7 percent in March. But the jobs picture has brightened for workers in their prime earning years, according to the Labor Department report issued Friday.
One of the disturbing trends after the Great Recession ended in mid-2009 was the relatively modest share of 25- to 54-year-olds with jobs. Roughly 80 percent of this age bracket worked before the economic downturn. That figure plunged as low as 74.8 percent toward the end of 2010.
But it recovered in March to 76.7 percent, the best reading since February 2009.
This suggests that a core of U.S. workers — whose wages drive the bulk of consumer spending — are finally achieving steady job gains. Their employment-to-population ratio has climbed 1.2 percentage points over the past six months. It may be a possible indicator of stronger overall economic growth.
Not everyone, of course, benefited from last month’s hiring.
College graduates suffered a slight setback. Their unemployment rate stayed flat at 3.4 percent. Many had lost jobs and stopped looking for one. Still, college grads continue to enjoy better job prospects than those with less education.
Story tags » JobsUnemploymentEmploymentUnemployment

Share your comments: Log in using your HeraldNet account or your Facebook, Twitter or Disqus profile. Comments that violate the rules are subject to removal. Please see our terms of use. Please note that you must verify your email address for your comments to appear.

You are logged in using your HeraldNet ID. Click here to update your profile. | Log out.

Our new comment system is not supported in IE 7. Please upgrade your browser here.

comments powered by Disqus

HeraldNet highlights

A perfect picnic
A perfect picnic: What you need for a romantic date or a family trip
Determined to overcome
Determined to overcome: As Oso couple rebuild their lives, they focus on the good
Opportunity knocks
Opportunity knocks: Lynch’s holdout opens door for Seahawks' Michael, Turbin
Hangover? What hangover?
Hangover? What hangover?: Expectations nothing new for Super Bowl champions