© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Unemployment Rate Still Masking a Recovery on the Rocks
Posted 26th May 2015

Unemployment Rate Still Masking a Recovery on the Rocks

Modest growth in April jobs isn’t enough of a silver lining to hide a bad GDP report

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Unemployment Rate Still Masking a Recovery on the Rocks
Image

Unemployment Rate Still Masking a Recovery on the Rocks

Modest growth in April jobs isn’t enough of a silver lining to hide a bad GDP report and historically low labour force participation rate.

The chief executives of Job Creators Network have stated that the April jobs report is not a cause for celebration. Rather, they point to the bigger picture problems of continuing sluggish GDP growth and a labour force participation rate stuck at a 37 year low.

“Last week, we learned the economy has barely grown at all so far this year, and that’s on top of a very disappointing 2.4% growth for all of 2014,” said Alfredo Ortiz, President and CEO of the Job Creators Network. “4% growth is the recovery we need but don’t have; 3% is breaking even; and less than that is a recovery on the rocks.”

“One reason we’re not growing like we should is that people are no longer looking for work like they used to,” noted Ortiz. “The labour force participation rate has been less than 63% for a full year, for the first time since March of 1978.”

Last month’s jobs report showed the labour force participation rate, a measure of the percentage of working age adults in the labour force, remained stuck at less than 63% for a full year. This important measure remained at 66% or above for most of two decades prior to the 2008-2009 recession. The chronically lower participation rate means more than 7 million additional Americans are not working, yet not counted as unemployed by the official measure.

“We will not row our way to a robust recovery if so many people are no longer looking for an oar to pull,” concluded Ortiz. “Whether the issue is regulation, healthcare, minimum wage hikes, or our convoluted corporate tax system, politicians need to get government out of the way so the cost of hiring can come down.”

Categories: Finance


You Might Also Like
Read Full PostRead - Eye Icon
Enhance Your Law Firm’s Productivity with Legal Invoice Software
News
04/09/2023Enhance Your Law Firm’s Productivity with Legal Invoice Software

In today’s fast-paced legal landscape, staying on top of billing and financial processes is paramount for law firms to thrive. Yet, manual invoice management can be arduous and time-consuming, burdening the accounting department with administrative compl

Read Full PostRead - Eye Icon
Blablacar Acquisition of Carpooling.com
Finance
14/05/2015Blablacar Acquisition of Carpooling.com

Blablacar Acquisition of Carpooling.com

Read Full PostRead - Eye Icon
AI companies set for consolidation as they graduate from fundraising to exit, says Artis Partners
Finance
11/02/2025AI companies set for consolidation as they graduate from fundraising to exit, says Artis Partners

AI companies continued to dominate the global investment landscape in 2024, receiving almost a third of global venture funding – more than any other sector.

Read Full PostRead - Eye Icon
One Sheldon Square Acquired for £210 million
Finance
15/04/2015One Sheldon Square Acquired for £210 million

British Land has completed the acquisition of One Sheldon Square, Paddington Central, for £210m from the Employees Provident Fund, Malaysia.

Read Full PostRead - Eye Icon
How RevOps Is Transforming the Approach to Sustainable Business Growth
News
05/02/2025How RevOps Is Transforming the Approach to Sustainable Business Growth

Development operations (DevOps) have redefined software workflows, and a similar approach could benefit financial teams. As

Read Full PostRead - Eye Icon
CIO of the Month
Innovation
02/02/2016CIO of the Month

ZenithOptimedia is a leading global media services network with over 7,500 people working in 262 offices across 74 countries.

Read Full PostRead - Eye Icon
What Soft Skills Can Trading and Investing Give You
Finance
29/01/2021What Soft Skills Can Trading and Investing Give You

We hear and read a lot about what skills you need in order to succeed at investing. Everyone wants to know the secrets to success, and what skills they need to work on to be able to get there. But what about the benefits that trading can give you as a person a

Read Full PostRead - Eye Icon
Utilising Third Party Fund Administrators
Innovation
19/03/2015Utilising Third Party Fund Administrators

Utilising Third Party Fund Administrators

Read Full PostRead - Eye Icon
Cyprus: An Island of Resilience
Leadership
24/11/2015Cyprus: An Island of Resilience

COSTAS TSIRIDES & CO LLC is a full service law firm based in Cyprus. Managing Director Alexandros Tsirides discusses the Cypriot law market and his own firm’s work to maintain its position.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow