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Fewer workers start new jobs

Americans reporting new-job starts fell to 49.7 from 50.5 last month, and once that figure falls below 50, it reveals that more employees are losing jobs than starting jobs, according to the Consumer Reports Index, which analyzes the number of Americans starting new jobs with those losing jobs over the...

By Amanda McGrory-Dixon | Updated on June 13, 2012

Americans reporting new-job starts fell to 49.7 from 50.5 last month, and once that figure falls below 50, it reveals that more employees are losing jobs than starting jobs, according to the Consumer Reports Index, which analyzes the number of Americans starting new jobs with those losing jobs over the last 30 days.

This marks a decline in Americans starting new jobs for a second straight month, and it is now at its lowest level in nine months, the research finds. Still, job loss numbers are higher, though only slightly at 4.6 percent from 4.4 percent.

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