The labor force slightly decreased to 155.5 mio (February 2013). The unemployment rate dropped to 7.7 % which left 11.9 mio of Americans that would like to work but cannot find a job. The age groups with the the highest percentage of unemployment are teenager and young adults. To ensure a qualified and experienced workforce for the years to come, your company might have to come up with new ideas on how to integrate and qualify young co-workers that have not had the chance to participate in business life so far.
165,000 net new jobs were created in April 2013. The private sector added 176,000 jobs while the public sector shed 11,000 jobs. Over the prior 12 months, employment growth had averaged 169,000 per month. The employment to population ratio (E/P) of 58.6% remains about unchanged from the previous month and has witnessed little movement over the past year. Professional and business services added 73,000 jobs in April. Job were also added in food services (+38,000), retail trades (+29,000) and health care (+19,000). On the other hand, motion picture and sound recording industries shed 10,500 jobs in April 2013. The overall unemployment rate in the United States in April 2013 fell to 7.5%, from 7.6% in March. This unemployment rate remains significantly than the pre-recession rate of 4.6%. The number of unemployed has decreased by 673,000 since January. Yet there still remain 11.7 million Americans that would like to work but are unable to find a job.