Jobs/Economy
All fast facts for Jobs & Economy are from the non-partisan Congressional Budget Office (CBO) and Bureau of Labor Statistics (BLS). They do not represent all of their reports on this subject. Some simply provide historical perspective. Occasionally minor word adjustments may have been made for clarity or to reflect the updated nature of the statement. As always, verify and view statements in their full context as often as possible.
| Of the 49 metropolitan areas with a Census 2000 population of 1 million or more, the highest unemployment rates in January 2012 were registered in Las Vegas-Paradise, Nev., 13.1 percent, and Riverside-San Bernardino-Ontario, Calif., 12.4 percent. Click here to verify | |
| A substantial number of job openings will arise as many Federal workers are expected to retire over the next decade; competition is high during times of economic uncertainty, however, when workers seek the stability of Federal employment. Click here to verify | |
| Of the 434 bills CBO reviewed in 2011, 56 (13 percent) contained inter-governmental mandates and 67 (15 percent) contained private-sector mandates. Of the 81 public laws enacted in 2011, 12 contained intergovernmental mandates and 16 contained private-sector mandates. Click here to verify | |
| Among the major worker groups, the unemployment rates for adult men (7.7 percent), adult women (7.7 percent), teenagers (23.8 percent), whites (7.3 percent), blacks (14.1 percent), and Hispanics (10.7 percent) showed little or no change in February. The jobless rate for Asians was 6.3 percent, not seasonally adjusted. Click here to verify | |
| From February 2010 to February 2012, only 3.5 million jobs were created, on net, on a seasonally adjusted basis. At that rate, employment will not reach its prerecession peak until the middle of the decade. Against that backdrop, policymakers, analysts, and the public continue to express concern about the prospects for job creation. Click here to verify at Page 1, Paragraph 1 | |