By Mike De Souza, Associated PressBOSTON (AP) The U.S. economy is showing signs of life, but it’s not producing enough jobs.
The unemployment rate has dropped in each of the past two months, and the stock market is rising.
But that’s only part of the story.
The economy is actually struggling to create enough jobs, according to a new report.
The Federal Reserve released its first full-year economic update since its January 2017 “fiscal cliff” announcement.
The report says that while the economy has added more than 150,000 jobs in the past six months, it has lost about 1.5 million.
The Fed’s latest jobs report says the economy added jobs at a rate of about 190,000 in July and October.
But the Fed says that rate is expected to fall below 190,00 jobs in September and October because of the labor market recovery.
The unemployment rate remains elevated.
“The unemployment rates of nonfarm payrolls and the employment rate are higher than they were a year ago,” Fed Chairman Stanley Fischer said in a statement.
“The labor market continues to expand, but the unemployment rate continues to rise.
The pace of hiring is slower than the pace of job creation.”
The unemployment number is the best indicator of the economy’s health, and it can be misleading because it is based on a snapshot of people’s job searches.
The number also reflects workers’ expectations of the jobs they will be able to get in the coming months.
Fischer said the unemployment figure reflects a very small share of the workforce.
About 15 percent of the U.s. population is unemployed, according the Federal Reserve.
The Fed said that about 20 percent of Americans have some form of jobless-to-work, or TTO, status.
The economy is also adding jobs faster than economists expected, but this is mainly because businesses are adding jobs at much higher rates than economists forecast.
The rate of growth for the U, S. and non-farm payroll employment has grown just 1.9 percent annually since February.
Economists say the economy is still struggling to grow.
The average pace of economic growth in the first three months of this year is 1.4 percent, according a Reuters survey.
The jobless rate has declined from 7.3 percent in the fourth quarter of last year, the same as the rate in April.
Economists expect the rate to drop further this year, as Americans tend to seek work when they can find it.
The federal government also said Friday that its workforce has expanded at a faster rate than previously expected.
The labor force participation rate, or the percentage of working-age Americans who are employed or looking for work, rose to 63.6 percent in October, the highest level since March 2010.
Economist Mark Zandi of Moody’s Analytics says this is a good sign for the economy.
The participation rate is the number of people who are actively looking for a job.
The participation rate has been stuck at about 62 percent since the recession began in 2007, according, a survey from the Bureau of Labor Statistics.
“We think it is a healthy sign for our economy that the labor force growth rate has grown at such a slow pace,” Zandi said.
“We do not expect the participation rate to go back up in the near term, but we think the economy will have enough workers to keep the economy growing.”
The Labor Department’s report also said that the pace at which employers are hiring and laying off workers has been slowing, although it did not have data on how many jobs have been lost or how many are coming back.
The jobs report also found that businesses are hiring more workers but fewer workers are being laid off, which is a concern for economists who believe that hiring is slowing because of tighter labor markets.
The U.N. says more than half of the countries that it has visited in the last decade are in recession.
The labor force is also getting older.
In May, the labor-force participation rate was 63.9, down from 64.1 in May 2007.
The national median age is now 33.8 years, down slightly from 34.7 in May 2006.
The decline in the age of the population also has slowed.
The national median of ages 25-54 was 31.4 in May, down 1.2 percentage points from May 2006, the most recent month for which data are available.