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Posts Tagged ‘Bureau of Labor Statistics’

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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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

Bureau of Labor Statistics Will Not Issue Regularly Scheduled Monthly Jobs Report

job searchAlthough tomorrow marks the first Friday of the month, a certain je ne sais quoi will be missing.

And by that we mean the monthly jobs report.

The Bureau of Labor Statistics won’t be issuing its news. According to a piece in CNN, the Department of Labor spokesperson revealed the report hasn’t even been rescheduled for a later release date. Plus, he pointed to a “lapse in funding” as the main reason.

The government shut down doesn’t only impact the jobs report; candidates with visa situations in process are currently in a holding pattern, too.

Considering the first Friday of each month is known as “Jobs Friday,” it looks like tomorrow will experience a little void. Per the piece, economists were anticipating the uneployment rate to remain unchanged for September. So, we’ll have to see when the next report will actually be issued. Stay tuned…

Monthly Jobs Report Expected to Show Uptick

With only to days to go for the September job report, ADP is already saying the economy added 162,000 private sector jobs the past few weeks.

Most of the jobs come from companies with less than 500 employees and it sounds like it’s going to exceed expectations — economics anticipated the number was going to be closer to 150,000 new jobs.

The Bureau of Labor Statistics will release its official numbers this Friday but the ADP report references an increase of jobs ranging from 110,000 to 120,000.

Unemployment Rates Drop in Several States

If you think the economy is on a modest rebound, raise your hand!

According to numbers released the Bureau of Labor Statistics, there’s slight growth on the job front. Unemployment rates fell in two-thirds of the states last month!

Plus, unemployment rates dropped below seven percent in 22 states in April; that’s less than the national average of 8.1 percent. That said, unemployment rose in five states and remained unchanged in eight. Considering almost half of our nation’s states saw a drop, that seems like a cause for a mini-celebration, yes?

As for the states with the lowest unemployment rates? Check out North Dakota: Their rate in April was three percent. Next up? Nebraska’s rate was 3.9 percent and South Dakota was 4.3 percent. Larger states saw a relatively low rate as well since Minnesota and Virginia both had unemployment rates of 5.6 percent last month.

And Texas has pretty strong numbers, too! Our second largest state added 250,000 jobs during the past twelve months and dropped its unemployment rate to 6.9 percent last month.

Keep in mind the national average is just that — an average. Although some states dipped, others increased. For instance, Nevada has the highest unemployment rate in the nation at 11.7 percent, followed by Rhode Island at 11.2 percent.

Although the optimistic report doesn’t break down numbers in terms of industry — ahem, the media — hopefully the trend will continue as we head into June.