Tag: department of labor
The Last Time Unemployment Claims Were This Low Your Parents Were Listening to Marvin Gaye, and watching the Godfather
Let’s get it on, (for the economy).
U.S. Job Creation Holds at Six-Year High
Gallup’s U.S. Job Creation Index was steady in August at +28, tying the six-year high reached in July. This is up from +22 in August 2013. The index has been fairly flat since May, after trending up in the first few months of 2014.
LinkedIn: Busted for U.S. wage law violations, sued for “injury” to users
LinkedIn comes up a mess these days as members cry foul, court lets a consumer class action proceed, and U.S. Department of Labor makes LinkedIn pay nearly $6 million in restitution and damages for wage law violations. Were you affected?
4 Million Fewer Jobs: How The BLS Massively Overestimated US Job Creation
Here is the bottom line: since Lehman, or starting in 2009, the Birth/Death adjustment alone has added over 3.5 million jobs. Or rather “jobs”, because these are not actual jobs – these are BLS estimates for how many jobs newly-formed businesses have created based purely on statistical estimations and hypotheses that the US economy in 2014 is as it was in 1960. Which means…
U.S. Economy Added 288K Jobs In April, Unemployment Down To 6.3%
Economists were expecting around 218,000 jobs added and a 6.6% unemployment rate.
Job Growth Slumps. Employment Surges.
Two Labor Department surveys on jobs are saying very different things.
2014 Will Be Year of Adjustment for Recruiters
According to the Bureau of Labor Statistics, unemployment in the United States has continually dropped over the past year. As of November the number dropped to 7.0 percent, down from 7.3.
Unemployment rate is over 20% for poorest U.S. households
The unemployment rate for families earning less than $20,000 is more than 21% but only 3.2% for households earning more than $150,000 a year, according to an analysis of federal data. When factoring in the underemployed or those who have stopped search for work, the “underutilized” rate for households earning less than $20,000 is about 40%.
Applications for weekly US unemployment benefits fall to 323K, near lowest level in 5 years
The number of Americans seeking unemployment benefits dropped 9,000 last week to a seasonally adjusted 323,000, near the lowest level since June 2008. The figure shows employers are laying off f…
Employment gains falter in U.S. states
Jobless rates dropped in onlyeight states in July from the previous month and rose in 28, the Labor Department said on Monday, as employment gains sputtered.
Fed: Two more years before labor market normal
It could take another two years before the labor market returns to normal, according to research by the Federal Reserve Bank of Kansas City released on Friday, underscoring how far we have to go.
Woah! The Bureau of Labor Statistics Has an App
Looking to keep your finger on the pulse of employment data in the U.S.? There’s an app for that. From the Census: Take the pulse of the U.S. Economy straight from your phone. The America’s Economy app provides real-time updates for 19 key economic indicators released from the U.S. Census Bureau, Bureau of Labor Statistics, and Bureau of Economic Analysis. Key economic measures on…
U.S adds 195,000 jobs in June; unemployment 7.6%
The U.S. economy added a better-than-expected 195,000 jobs in June and employment gains for May and April were revised sharply higher, the U.S. government said Friday. The unemployment rate was unchanged at 7.6%, but the size of the labor force increased by 177,000, according to the Labor Department. Economists surveyed by MarketWatch expected an increase of 155,000 jobs last month. The number of new…