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| Credit: Calculated Risk |
The media is going to be talking about (and already is) about the lukewarm payroll number: 169,000 new non-farm jobs for August, which is not very stunning and lower than expected.
The number of long-term unemployed stayed flat at 4.3 million. Those with a college degree have an unemployment rate of 3.5%, a drop of 0.3%; those without a high school diploma have an unemployment rate of 11.3%, an increase of 0.3%.
Chemical manufacturing employment was down 3,200 jobs to 793,000 from July's 796,200.
It looks to me like August was a so-so month for employment, and 2013 isn't looking much brighter, which is too bad.
Thanks, as always, to Calculated Risk for the graph.
A bit tangential to this post, but have you seen this?
ReplyDeletehttp://spectrum.ieee.org/at-work/education/the-stem-crisis-is-a-myth
Thought you might find it interesting
Our country lost 3200 chem manufacturing jobs from July. Then we have presumably very smart people from Chem labs at Berkeley (e.g., http://www.cchem.berkeley.edu/mccgrp/groupmembers.html) who will eventually get out on the market.
ReplyDeleteJust think how your going to feel if you get a PhD Chem degree from a 2nd or 3rd tier university (like I did)?
I've been long arguing that nation's needs could be served by the graduates of top 10-15 programs. Ban TA-ing and shut down everything else, or rather allow them to graduate as many students as they can employ as permanent research and teaching staff.
Delete