Sunday, March 9, 2014

"February weather cost workers hours, but didn't cost the U.S. jobs"

By:

http://www.latimes.com/business/money/la-fi-mo-jobs-weather-unemployment-20140307,0,6146663.story#axzz2vXV9q3dN

The harsh weather in the month of February disabled people to complete their jobs or have any protection from the harsh temperatures. Most got some hours taken off or lost their jobs completely. This rate caused a small rise in unemployment and jobs left unattended. In addition, 6.9 million people who normally work full-time reported working only part-time because of the weather in February. That was the most since January 1996, when a historic blizzard hit the East Coast.The average work week for all employees dropped by 0.1 hour to 34.2 hours in February. But for production and non-supervisory employees, the average work week dropped by 0.2 hour to 33.3 hours. However, an unusual increase in job openings changed this whole situation. The economy added 175,000 net new jobs and made its way of decreasing the unemployment rate. New jobs were opened in the business of construction at 15,000 jobs, restaurants at 20,000 jobs, and education and health at 30,000 jobs. Business services industry, however gained the spot with most new job openings at 76,000. These new work forces will hopefully decrease the unemployment rate with many new workers to produce goods and services for the public.

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