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Posts Tagged ‘Department of Labor’

Jobless Claims Fall for Fourth Consecutive Week

extra extraThis year is shaping up to be a very good one! Here’s why: the Labor Department reported jobless claims totaling 280,000 for the week ending December 20. This is a decrease of 9,000 from the previous week’s level of 289,000.

This is also a lower number than economists surveyed by Bloomberg. Their original projection? 290,000! This marks the fourth consecutive week of a decline in unemployment claims. Read more

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Monthly Jobs Report Shows Strong Numbers

jobsHappy Friday one and all! For those of us watching the monthly jobs report, it’s a happy Friday indeed.

The Department of Labor showed an addition of 321,000 jobs last month.

This is the biggest increase in almost three years! And it looks like 2014 is winding down on a high note — November signifies the 10th consecutive month of job gains above 200,000. This means 2014 has been the best hiring year since 1999.

Read more

Good Labor News! Employees Gain Confidence to Quit Jobs

jobsWe feel a little funny writing this but what the heck — good news!

Americans are quitting their jobs fast and furiously. Turnover is increasing.

Actually, as it turns out this is fantastic news for the economy. In fact, we’re quitting our jobs at the fastest pace since early 2008! Read more

Good News! Monthly Jobs Report Shows Another Dip in Unemployment

ImproveJobProspectsWhat a way to end the week on a high note! The monthly jobs report was issued today and employment looks really good.

For the ninth consecutive month, more than 200,000 jobs were created. In October alone 214,000 new jobs were added. Plus, unemployment decreased to 5.8 percent. We should point out that’s the lowest it’s been in six years. Read more

Monthly Jobs Report Showcases Excellent News

american-flag-2aThis morning the Department of Labor announced strong numbers.

In September employers added 248,000 jobs and the unemployment rate fell to 5.9 percent — that’s the lowest since July 2008!

Hourly earnings rose as well although it sounds like they are at a snail’s pace. Naroff Economic Advisors’ economist Joel Naroff told USA Today, “The labor market is clearly tightening but there’s still no wage pressures. “When do businesses start dealing with labor shortages by raising wages?” Read more

Department of Labor Celebrates Hispanic Heritage Month

Did you know the Department of Labor has a YouTube channel? Well, we recently discovered it along with their tribute to Hispanic Heritage Month.

Consider this: In 1993, Hispanic workers comprised nine percent of the total workforce. In 2013? That number hovered around 16 percent, equating to 24.8 million Hispanic workers.

Let’s look at more data broken down by industry and geography…

Monthly Jobs Report Shows Economy Plodding Along

relocate jobOn Friday the Department of Labor released its monthly data and let’s just say things seem to be plodding along.

Employers added 142,000 jobs in August which is below the 226,000 average increase from previous months. In addition, the unemployment rate fell to 6.1 percent which represents the lowest level in nearly six years. Read more

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

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

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