Labor Statistics Statement from The Conference Board
Press release from the issuing company
Sunday, December 5th, 2010
Comment on U.S. Bureau of Labor Statistics Employment Situation report
Kathy Bostjancic, Director for Macroeconomic Analysis, The Conference Board
Today’s U.S. Bureau of Labor Statistics report of a 39,000 increase in jobs shows we’ve returned to anemic employment growth after October’s bump. U.S. business clearly remains cautious in this – so far – weak recovery. Heavily discounted holiday sales and limited pricing power appear to be cutting into the revenues that would be needed to sustain faster employment growth. We don’t see any signs that this holiday season will jump-start 2011 employment.
