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Job growth slows in June Atlanta, GA

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Job growth slows in June

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Last month, job growth stalled dramatically in the United States, leading many analysts to predict that the equally slow growth that was constant throughout the first half of the year was indicative of a mini-recession instead of a mere “blip” in recovery, as many had hoped. This will likely not come as a shock to the Georgia residents who have continued to struggle with unemployment and debt despite the claims of a so-called recovery.

This week, the U.S. Department of Labor reported that the unemployment rate had climbed to a six-month high of 9.2 percent in June as payrolls increased by only 18,000, which was the lowest number of jobs added since September of 2010. The dismal report was compounded by news that the economy created about 45,000 fewer jobs in May and April than economists had previously believed, despite signs that the retail and manufacturing industries had begun to make a significant recovery.

Government jobs suffered the most significant cuts last month, as states have continued to grapple with insurmountable budget deficits. However, the stagnant growth was not limited to government jobs, but was spread across all sectors of the market. “This report has dashed hopes that the economy was about to accelerate again,” said economist Nigel Gault.

However, some analysts are remaining positive. They cite the motor vehicle industry, which is reportedly increasing production rates with the apparent end of the shortage of auto parts due to the recent earthquake in Japan.

“You have to look at the more recent data and they have been much more positive,” said economist Joel Naroff. “We haven’t seen the economy faltering further, instead we have seen the economy coming back.”

Source: Reuters, “Job growth stalls, setting back recovery hopes,” Lucia Mutikani, 8 July 2011

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They did an excellent job with my case. Jamie took the time to really listen and understand things. She delved into the details and was extremely knowledgeable and non judgmental. Very professional and they know what they are doing. Would definitely recommend!

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I thought the process of filing bankruptcy was going to be a difficult one. However, Gingold & Gingold treated me with respect and dignity from the moment I walked through their door. I had the pleasure of working with Jamie. She is very responsive, professional, and knowledgeable. She took the time and listened to my every concern and handled each and every one of them to my satisfaction. My experience with filing bankruptcy under Gingold & Gingold's representation exceeded my expectations in a major way. They gave me such a peace of mind. I am very pleased with my decision of going with Gingold & Gingold to represent me when I filed Chapter 13 bankruptcy.

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Wow! I am finally out of debt and can say that I am debt free after completing my chapter 7 bankruptcy case with Gingold and Gingold. Mr dangled was very knowledgeable and direct with regard to my debt situation. there were no surprises and the case went as I was advised. The staff was also very helpful whenever I had a question. I will definitely recommend them in the future to my friends.

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I cannot say enough about this law firm. From the initial consultation to our discharge, the entire office kept me updated with every step of the entire process. I came to the Gingold after a bad experience with another law firm. Ira and Jamie immediately began treating me like family through this experience. In the end, they assisted with eliminating many debts including my 2nd mortgage. I cannot say enough about the experience and knowledge that Ira brought to the table from the office visits to the court time. Thank you very much for helping me through this tough time. Thank you.

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