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Posts Tagged ‘Department of Labor’

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

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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

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

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