Video: April Job Growth Below Expectations
May 19, 2006
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The Bureau of Labor Statistics also revised downward the previous two months employment figures by 36,000 jobs.
The disappointing employment figures continue the trend we’ve seen during the Bush presidency.
Long-term job growth has been especially disappointing. The current business cycle has had the lowest average job growth of any business cycle since World War II.
In fact, there have only been 6 months out of 61 that have seen job growth above the long-term average.
The education level of the job seekers also came into play last month. For those with a college education and those without a high school diploma – job opportunities increased.
However, those in the middle with a high school diploma actually saw their job chances decrease.
Watch Video: April Job Growth Below Expectations >>
