Freedom of news in the world ,wanted to show the problem in the societies

ជនជាតិខ្មែរកើតនៅលើដីខ្មែរ ត្រូវចេះខំថែជាតិឲ្យបានរុងរឿង កេរ្តិ៍ឈ្មោះជាតិ យើងបានថ្កុំថ្កើង លុះត្រាតែយើងចេះថែរក្សា។ ទោះបីខ្មែររស់នៅប្រទេសណា ចូរកុំភ្លេចថាខ្លួនកើតមកជាខ្មែរ កុំឲ្យបរទេស គេមកបង្វែរ ឲ្យខ្មែរនិងខ្មែរ បែកសាមគ្គីគ្នា ថ្វីបើគេហ៊ានចំណាយ ប្រាក់កាសចាយហូរហៀរយ៉ាងណា ចូរកុំភ្លេច កេរ្តិ៍ឈ្មោះខេមរា រុងរឿងថ្លៃថ្លា តាំងពីបុរាណ ព្រលឹងជាតិនៅគង់វង្សបានយូរ ទាល់តែយើង ស៊ូរួបរួមគ្នាគ្រប់ប្រាណ កសាងជាតិដោយក្តីក្លាហាន នោះជាតិយើងបានស្គាល់ក្តីរុងរឿង។


Sunday, March 10, 2013

Unemployment at 4-Year Low as U.S. Hiring Gains Steam

Upbeat Jobs Report: The Times's Nelson D. Schwartz on a falling unemployment rate just as federal budget cuts
 The economy picked up speed in February, creating jobs at a pace that would substantially lower the unemployment rate. But Washington could put a stop to that.

Even as analysts hailed a better-than-expected jobs report on Friday that pointed to an acceleration in growth, they warned that stronger employment gains are being put at risk by sequestration, the automatic spending cuts being imposed by the federal government.
“They’re doing their best to get in the way,” Nigel Gault, chief United States economist at IHS Global Insight, said of lawmakers and other officials. “But the good news is that the economy is carrying plenty of momentum going into sequestration.”
The Labor Department reported that the economy added 236,000 jobs in February as the unemployment rate sank to 7.7 percent, down from 7.9 percent in January and the lowest level since December 2008.
Wall Street expected no more than 165,000 additional jobs in February, and the surprise helped lift the Dow Jones industrial average to another new nominal record, its fourth for the week. It closed at 14,397.07.
But many experts said if it were not for political gridlock in Washington, which led to the automatic spending reductions on March 1, the performance of the job market and the broader economy would be even more robust in the months ahead.
“It does suggest a bit more cushion heading into the spring, when we will see the bulk of the impact from the sequester and fiscal pullback,” said Michelle Meyer, senior United States economist at Bank of America Merrill Lynch. “This was a good report. It’s hard to poke holes in it. But we think we’ll see some slowdown in April and May because of the sequester.”
Mr. Gault estimated that the economy would achieve a 1.5 percent growth rate in the first half of 2013. Without the spending cuts and a rise in Social Security taxes that went into effect in January, he said, the economy would probably advance at double that pace.
As a result, he and other economists expected that the pace of job creation would slow, leaving the unemployment rate not much lower than where it is now. If jobs were added at February’s pace for the rest of 2013, the unemployment rate would crack the closely watched 7 percent level by the end of the year. Instead, Ms. Meyer predicted that unemployment would remain near 7.5 percent.
Macroeconomic Advisers, an independent forecasting firm, predicted that the federal spending cuts would cost about 700,000 jobs this year, with most of the damage occurring in the second and third quarters.
While the economy is expected to continue to add enough jobs to keep the jobless rate from rising significantly, estimates like these suggest that without the drag from Washington the labor market might have added, on average, a robust 300,000 jobs a month or so.
The data for February, adjusted for normal seasonal variations, do not reflect the federal cuts, which are expected to affect not just government jobs but also industries that rely on public spending.
Public sector employment continued a long decline, with the number of state and local government workers falling by 10,000 in February. Over all, there are now 366,000 fewer government workers in the United States than there were two years ago.
On Friday, the White House was quick to point to the new data as a sign that the economy is strengthening even as it warned of the impact from the squeeze on spending.
“The recovery is gaining traction,” said Alan Krueger, chairman of the White House Council of Economic Advisers. But the sequestration, he said, “is an unnecessary headwind. It’s something that will slow the expansion. We’re poised for stronger growth if we don’t get in the way with misguided fiscal policy.”
In some respects, the rest of the year is shaping up as a tug of war between a strengthening private sector and federal austerity.
Private hiring last month was broad-based, with healthy job gains in several areas, including business services and manufacturing.

This article has been revised to reflect the following correction:
Correction: March 8, 2013

An earlier version of this article misstated the month when the unemployment rate for high school graduates declined to 7.9 percent, from 8.1 percent.  It was February, not January.


Post a Comment

Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | Lady Gaga, Salman Khan