The unemployment rate in a steady 7.8%, December, the good news is, the employment market and found no because the edge of the high risk in Washington tax policy.
Now the job market to avoid the "fiscal cliff", but the employment growth also slowed sharply in the past recovery from recession.
Economic employment increase 155000 people, the month, the Labor Department (Labor Department) said Friday, the company reported the results, the monthly survey, the 1999 employers. Another survey found that American family's unemployment rate remains unchanged, tepid employment growth more than matching new people into the labor force to find a job. November unemployment rate is 7.7%, has been preliminary report, revisions to 7.8%.
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"Said:" Chad Moutray, chief of the economic uncertainty and fiscal cliff agreement [2013] rate to be deleted, but congress failed to solve the debt and deficit will still is drag the economy, economists in the national association of manufacturers, in work written analysis report.
Manufacturing in one of the highlights in the monthly data, display an employer's employment 25000 employment income.
But in general, the key phrase department of labor employment market is the description of the "basic remain unchanged" and "small changes". Physical, and standard &poor's 500 index flat, Friday morning news, the stock market reaction.
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Why are there employment recovery, because the economic recession, in 2009 officially ended, so slow?
Looking for some answers, how in the current employment market and the recovery of the past, compared to the evidence.
The current pace of recovery weak from other recovery since 1948, and 2001 years of economic recession after the period may be a exception.
In the 1990 years ago, the economic recovery tend to show a fairly rapid rebound, employment, accounting for the total U.S. employment about 15 months 4% or more. In the past few decades have a period of "no employment of recovery," progress tend to slow. The attached graphics (see box near the upper part of the story) tells the story of visualization.
A quick chart note: this display version more visual concise omit the 1980 recession consequences, because including another recession and recovery. You can visit the interactive version of the Minneapolis federal reserve bank's chart.
A recession in 1990, after three years of economic and create more chances of employment by 4%. In 2001 and 2007 began to economic recession, it more challenging.
Today, there are about 42 months recession officially ended, employment growth below 3%. 2001 years of economic recession, the employment growth was achieved 2%, even after 42 months.
Therefore, through the meter, this is the worst performance in 2001 except during. In some ways, the current recovery lag even after the same period in 2001. Today, the total U.S. employment is still hit, because in the recession began to peak lower about 3%. 2001 years of economic recession, at this time, work behind their early peak, about half.
Now the reason.
The biggest and the most obvious answer is the debt obligation. Recovery when a country's financial crisis, the struggle of the high debt burden, often is time-consuming, many economists say. This suggests that in economic fields. Debt consumers to improve their consumption to a slower speed. Housing construction not rebound method, it is often because of the real estate bubble burst sequelae. Federal and state governments are looking for in the lean tax and won't hire.
Even if is foreign trade affected, because debt crisis to a certain extent global. All the above affect the enterprise faith for new investment.
The housing market has begun to recovery, American consumers have made progress, and reduce the debt burden. Many mortgage borrowers have been blocked off after. Other families avoid new debt bear. But "de-leveraging" process is still in progress.
But the debt burden may not be the whole story. After all, since 1990, the other two recovery also disappointing employment growth characteristics.
Economists are exploring possible explanation, including:
? eliminate intermediate salary, secondary skills through automation, the long-term trend. This is a gradual process, but its influence may appear significant economic recession.
In the United States, the less competitive. If countries better maintain American manufacturers to the global competition strength, employment growth will be more strong, some analysts think, including information technology and innovation foundation in Washington.
? shift down the demands of work. The idea here is that employment growth function of how many people want to work, and in the United States, "in the labor force participation rate" since 2001 has been declining. The key problem is how much, this is due to the discouraged, because looking for a job for people who don't stop looking for, and how many are from other reasons.
With the aging of the baby boom generation, migration sixty years old adult a large, become pay more and more attention to the job market, some economists note. At the same time, some younger groups, such as youth and middle-aged man in the labor force participation, also showed a long decline.
Meanwhile, many economists think that if climate improve chances of employment and wages from the current low participation rate will rise.
At present, there are about 10000 people labor, because they "flinch," according to the labor department's investigation. In comparison, $12.2 million officially counted as unemployed because they have no work, and actively looking for.
 



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