The White House brightened its outlook on national unemployment, offering a forecast of 8.0 percent for 2012 and a drop to 7.7 percent for next year, according to an article by Reuters.
During its semi-annual budget review, the White House also stated that it expects the national gross domestic product to rise 2.3 percent this year and 2.7 percent next year—substantially less than the projections it made earlier in February of a 2.7 and 3.0 percent growth, respectively.
The number of Americans filing for first-time unemployment benefits increased last week, according to an article by CNN Money. This unfortunately indicates that there will be continued trouble for the U.S. labor market.
According to a report by the Labor Department, 386,000 people filed new jobless claims during the week of June 9, which is up 6,000 from the previous week’s figures.
These numbers have a direct correlation with the total number of layoffs in the nation,
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Updated 7th June 2012 at 05:21 AM by sepmacleod38
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Teenagers seeking employment this summer are in luck: Due to the gradual improvement of the national job market, there should be less competition from older, more experienced job hunters, according to an article by Challenger, Gray & Christmas, Inc.
Last year, teen employment gains during the summer months improved drastically after falling in 2010. The 960,000 teens hired in the summer of that year marked the lowest level of seasonal hiring since 1949. Currently, teen employment