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Posts Tagged ‘Department of Labor’

LinkedIn Pays $6 Million in Back Wages

linkedinIf you’re an employer, take heed from LinkedIn. It does not pay to violate the Fair Labor Standards Act.

Yesterday the Labor Department announced that LinkedIn has agreed to pay six million in back wages and damages to 359 current and former employees. In addition, the social networking site has also agreed to provide compliance training, educating employees and managers about a policy that prohibits working “off-the-clock” work. Read more

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Monthly Jobs Report Shows Steady Growth

Find a JobThis just in…the Labor Department reported 209,000 new jobs created last month.

Per The Chicago Tribune, economists were actually expecting an increase of 230,000 jobs but you know what? We think 200,000-plus is a pretty solid number.

As pointed out by CNN, over the past six months, the economy added 1.5 million jobs — the strongest six months since 2006! Read more

Jobless Claims Drop Showing Strong Sign for Job Market

Job-SearchAccording to the Department of Labor, the number of Americans filing new unemployment benefit claims last week suddenly dropped. This is particularly good news to signify the labor market recovery.

Essentially, initial claims by state dropped 3,000 to a total of 302,000 for the week ending July 12. Per Reuters, economists forecasted first-time applications for jobless benefits at 310,000. And the four-week average of claims is in the vicinity of 309,000. That’s the lowest level since June 2007! Read more

Lookin’ Good! Labor Department Releases Strong Jobs Data

job oppsAs we head into the holiday weekend, there’s good new to report as per the Department of Labor.

In June, employers added 288,000 jobs and the unemployment rate dropped to 6.1 percent. Can we get a woo-hoo? In addition, the number of jobs created in May was boosted to 224,000 from the original number of 217,000.

Let’s keep in mind 2014 got off to a very slow start thanks to an abysmal winter — in turn, frigid temps and horrid conditions ultimately froze hiring. According to a CBS piece, the new jobs should expedite economic growth. The math is simple: More jobs lead to more money lead to more products and services being purchased. Read more

Department of Labor’s Monthly Jobs Report Reveals Decent Data

ImproveJobProspectsIt’s that time of month!

The Bureau of Labor Statistics released data this morning that looks mighty fine. Non-farm payrolls added 217,000 jobs last month which exceeded expectations of 215,000 by economists. In addition, the unemployment remained unchanged at 6.3 percent. Read more

Experts Anticipate Decent Monthly Jobs Report

Job-SearchIt’s hard to believe another month has come and gone but alas, we’re on the cusp of hearing about yet another monthly jobs report by the Department of Labor.

According to Reuters, the outlook looks decent. Anticipating approximately 218,000 new jobs to payrolls, that’s above average. Moody’s Analytics senior economist Ryan Sweet told Reuters,  “It would be consistent with a noticeable acceleration in growth.” Read more

Job Market Hits Milestone as Per Department of Labor Statistics

Find a JobIt’s jobs report Friday! And that only means one thing. Data.

According to the latest job report released by the Bureau of Labor Statistics, the U.S. economy added 192,000 jobs in March and the unemployment remained flat at 6.7 percent.

This is actually a milestone because the private sector has apparently recovered all of the jobs that were lost in the meltdown better known as 2008. Considering this signals a labor market at its pre-recession point, according to a piece on CNN, this is good news indeed. Read more

Department of Labor’s Monthly Jobs Report Reveals Decent News

megaphoneThree cheers for Friday! And the monthly jobs report from the U.S. Departmetn of Labor which marked an improvement from January.

As per CNN, the 175,000 new jobs last month topped economists’ anticipations. Considering the winter has been colder than normal, economists were expecting smaller numbers. It’s amazing how weather can impact the bottom line whether it’s closed offices or cancelled flights. Businesses can lose power, consumers may stay inside instead of eating out and your productivity may plummet as you temporarily “work” from home (and by that, we mean surfing social media).

In particular, for industries impacted by weather such as construction, numbers were surprisingly decent. Construction added 15,000 jobs whereas restaurants and bars added 20,100 jobs and education and health services added 33,000 new opportunities. Read more

Monthly Jobs Report Reveals Mixed Bag

job searchIt’s that time of month again! Per the Department of Labor, employers added 74,000 jobs in December which isn’t exactly a reason to rejoice.

Per Forbes, economists were anticipating 197,000 new jobs. Yikes.

As for the somewhat good news? The unemployment rate dropped from seven percent to 6.7. We say somewhat because the unemployment survey takes people into account who actually seek employment. People who are frustrated or distracted by the holidays may have left the labor market in December. Also, labor force participation dropped from 63 percent to 62.8 percent, the lowest rate in over 30 years.

Mark Hamrick, Washington bureau chief of Bankrate.com, told Forbes, “This has been a two steps forward and one step back recovery.”

Jobless Claims Inch Higher as 2013 Comes to a Close

Find a JobAccording to the Labor Department, Americans filing new unemployment benefits claims significantly increased last week. Numbers rose to the highest ones in the past nine months!

The seasonally adjusted number is 379,000 — that’s the highest number since this past March! The number is also significant, says reports, because it’s the second consecutive week for increased claims.

Perhaps what’s most surprising is that Reuters asked economics prior to today’s report to forecast their expectations and they anticipated numbers would have been 334,000. Read more

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