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Posts Tagged ‘Unemployment Rate’

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

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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

Federal Reserve Chair Says Job Market is ‘Tougher Now Than in Any Recession’

jobsYesterday Federal Reserve Chair Janet Yellen spoke about helping “Main Street, not Wall Street.”

She didn’t just focus on the unemployment rate but she did talk about a variety of economic indicators pointing to the weak job market.

Are numbers as bleak as they were five years ago? Thankfully, no. Could they be a lot better than they are now? Yes!

Per CNN, she dished about wages rising too slowly. Get this — since the recession, compensation has typically increased two percent each year. Two percent! Read more

Unemployed & Pounding the Pavement? Survey Says Only 11 Percent Will Land Full-Time Jobs

unhappy-computer-keyAs we roll into the weekend, we want to end the week on a good note. Alas, the economy doesn’t make that easy. Per a new study conducted by three Princeton University economists, Americans who have been unemployed for more than six months are in the minority of landing a full-time job.

That is, 11 percent of this population will regain steady employment. The number of long-term unemployed equates to 3.8 million people which is technically 37 percent of Americans who are unemployed.

Furthermore, the long-term unemployed are more than twice as likely to stop looking for a new job than to find one. Researchers also mentioned when this population leaves the labor force, they’re more likely to say they don’t even want a job any more. Read more

ADP Jobs Report Says Hiring’s on Hold; Stormy Weather Impacts Hiring

ImproveJobProspectsAs the stock market dropped the past few weeks apparently per ADP’s new report, hiring does not have such a sunny outlook either.

Per their report, the private sector added 175,000 jobs in January. The significance of this number? It’s the weakest month for hiring since August. Usually in January there seems to be an uptick since December slows down due to the holidays but ADP reported 227,000 new jobs in December.

Mark Zandi, chief economist at Moody’s Analytics, alluded to weather having an impact on hiring.

He told CNN, “Cold and stormy winter weather continued to weigh on the job numbers.” He pointed out that underlying job growth still remains “sturdy” and he’s expecting a breakout year.

Spain’s Job Market Gets Slight Boost From Temporary Opportunities

spanish flagConsidering Spain has the second highest unemployment rate in the European Union at 26 percent (only Greece’s rate is higher), it’s breathing a sigh of relief today. According to CNN, the number of registered unemployed folks dropped by 107,600 last month. Currently the number of their folks out of work is approximately six million people. We would be myopic if we only wrote about U.S. News but their numbers are quite staggering, aren’t they?

Government officials sound optimistic. Per the piece, their prime minister has predicted a recovery for this year and earlier this week in a radio interview their economy minister indicated job creation could potentially surpass forecasts.

Numbers are misleading though since labor unions point to temporary and part-time opportunities as providing relief, not full-time ones. In fact, their data reflects new employment contracts as temporary ones. Technically the number of permanent jobs that are new and available to job seekers has remained flat the past year.

Per the piece, Victor Echevarria at BNP Paribas, explained, ”Employment in Spain has traditionally only seen sustained increases when the economy has posted solid growth; it remains to be seen whether this will also be the case this time around.”

Jobless Claims Fall; Then Again, Holidays Impact Numbers

ImproveJobProspectsThings are lookin’ up.

The good news? The number of Americans applying for unemployment has dropped by 42,000 in the last week alone! That’s the biggest drop since November 2012.

The bad news? Per the Associated Press, economists indicate the numbers aren’t exactly accurate since November and December data are impacted by the holidays. Read more

Department of Labor Releases Positive Job Report; Unemployment Rate Drops

2013What could be better than a Friday afternoon than one that heads into the weekend on a positive job note?

Employers added 203,000 jobs in November which exceeds the target of 180,000 anticipated by economists. As for the unemployment rate, well there’s reason for good cheer on that front as well. The unemployment rate dropped slightly to seven percent and the labor force participation rate increased a tiny bit to 63 percent. Read more

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