press release
EmploymentCrossing improves the US labor market, finds over 500,000 jobs.
August 11, 2011 | 
PDF version
The US Labor Department said that the labor market is gradually improving with the decline in the application for unemployment aid. The initial claims for jobless benefits were 400,000 in the week ending in July 30. It is said to have decreased by 1,000 from the previous week's revised figure according to the Labor Department.
According to the Labor Department's report in the week ended July 16, about 7.57 million people have received some kind of government benefit which is 75,192 down from the prior week. All this is pointing towards a marginal improvement in the labor market.
A senior US economist at UBS Securities LLC believes that claims declining are good sign directing that things probably aren't getting worse in the labor market.
The expectation of jobless rate being steady at 9.2 percent is because of the increase in nonfarm payrolls to 85,000 last month, according to a Reuters' survey.
EmploymentCrossing has been keeping a track of the unemployment rate and has found over 500,000 jobs in the last seven days. You get an option of search profession specific jobs as well as geographic specific jobs on EmploymentCrossing. EmploymentCrossing lists about 30,000+ jobs in accounting sector, 25,000+ jobs in administrative sector while 17,000+ jobs in manufacturing sector.
Contact:
Roger Croft
Editorial Coordinator
Employment Research Institute
626-243-1814
rogerc@employmentresearchinstitute.com
About EmploymentCrossing:
EmploymentCrossing is part of the Employment Research Institute, which is one of the most powerful and comprehensive organizations dedicated to helping professionals find jobs that will enhance their careers. Employment Research Institute consists of hundreds of industry-specific and location-specific job boards which consolidates every job opening it can find in one convenient location. The website also offers a seventy two-hours free trial to new members.
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- We are private, and therefore far fewer people are applying for the jobs on our site than are applying for those on public job boards.
