TITLE

U.S. Industry Quarterly Review: Labor

PUB. DATE
January 2003
SOURCE
U.S. Industry Quarterly Review: Labor;2003 1st Quarter, p149
SOURCE TYPE
Industry Profile
DOC. TYPE
Industry Overview
ABSTRACT
The article presents information on trends in labor employment. There is deterioration in the labor market outlook over the past few months. Global Insight's analysis expects the unemployment rate to increase and peak around 6.2% over the summer, as more people jump back into the labor force. The U.S. economy grew by only 2.3% in the first quarter of 2003, with productivity growing at least that fast. Therefore, the labor market cannot provide enough jobs for those already employed, let alone jobs for workers added to the labor force every month through population growth and immigration. The article also provides statistical data on labor employment in various manufacturing, mining and construction, transportation, communication, wholesale and retail trade and other service sectors.
ACCESSION #
14620677

 

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