Wages Flat Since Last Year but Depend Upon Education

Median Salaries Unchanged from Year Ago

According to the current Bureau of Labor Statistics (BLS ) news release on weekly earnings for the second quarter of 2014, the median weekly earnings for a full-time worker was $780 virtually unchanged from year ago levels. The median wage indicates that the same number of people earned more than $780 as earned less working a full-time job.

The data was collected as part of the Current Population Survey, a nationwide sample survey of households conducted by the BLS.

Wages By Education

Wages vary based on a variety of factors including experience but education played a major factor. Full-time workers age 25 and over without a high school diploma had median weekly earnings of only $492. Assuming an average 40 hour work week that would be an average of $12.30/hr. High school graduates with no college earned an average of $666 per week, those with a Bachelors Degree earned an average of $1098 while those with advanced degrees earned an average of $1,377.  [Continue reading]

BLS Releases June Unemployment- 6.1%

The U.S. Bureau of Labor Statistics (BLS) released the June Unemployment figures on July 3rd. The Seasonally Adjusted Unemployment Rate was 6.1% down from 6.3% in May. The Unadjusted Unemployment rate was the exact opposite 6.3% in June and 6.1% May. So was the unemployment rate up or down?

BLS_vs_Gallup_UnemploymentAccording to the Gallup poll people both adjusted and unadjusted were down. The unadjusted rate was 6.8% down from 7.0% in May and the adjusted unemployment rate was 6.5% down from 7.2% in May. As we can see from the chart to the left for almost a year now Gallup numbers have diverged drastically from the BLS numbers by roughly a full percent. but this month the divergence narrowed a bit to “only” 1/2 percent. For more information see:

Current US Unemployment Rate: 6.1% BLS or 6.5% Gallup

 U-6 Unemployment

U-6 includes all classes of unemployed even those considered  “marginally attached” and/or part-time for economic reasons. In other words, those who [Continue reading]

Is the Government Fudging Unemployment Numbers?

BLS_vs_Gallup_Unemployment

What is the True Unemployment Rate? There has been a lot of talk about the validity of the government generated unemployment numbers created by the U.S. Bureau of Labor Statistics (BLS) lately. (And not just by me!)  Every month I tell you that we … [Continue reading]

Unemployment by State and County

May Unemployment Map 2014

Unemployment rates vary drastically by state depending on local conditions and a state's individual legislative policies. As a general rule those states with a "pro-business" stance have lower unemployment rates than those who punish businesses … [Continue reading]

Productivity Down in First Quarter 2014

Productivity Q1 2014

The U.S. Bureau of Labor Statistics (BLS) released its revised estimate of productivity and costs for the first quarter of 2014. According to this report productivity in the "Non-farm" sector fell drastically.  "The decrease in productivity was the … [Continue reading]

Jobs for Extroverts

Extrovert Jobs

While there are several important events you go through in life, school, graduation, marriage and so on, finding an ideal vocation is particularly important. Yet in some cases, people who find that they have an extroverted personality experience … [Continue reading]

Proper Business Attire for Women- Infographic

Womens-Guide-to-Business-Attire1

There is an old saying "the clothes make the man" or in this case the woman.  In the modern culture many women think, "oh, I should be able to be myself" and "they shouldn't judge me by how I dress" and "I just want to be comfortable".  But … [Continue reading]

BLS Releases April Unemployment Rates

BLS vs Gallup Unemployment

The U.S. Bureau of Labor Statistics (BLS) released the unemployment rate information for the month of April. The typically quoted "Seasonally Adjusted U-3" rate fell from 6.7% in March to 6.3% in April. The unadjusted U-3 was even lower at 5.9%. The … [Continue reading]

March Unemployment Update

Employment vs Recessions

The U.S. Bureau of Labor Statistics (BLS) released its monthly report on Friday April 4th for the month of March. In it the adjusted U-3 unemployment rate and the unadjusted U-3 were very similar at 6.7% and 6.8% respectively. In an effort to provide … [Continue reading]

Life in the Shell: Five of the Best Jobs for Introverts

Jobs for Introverts

If you're an introvert, and are planning to go to college, degree programs like communications and education may terrify you. Many programs tend to suit extroverts better than introverts, but there are still many degrees that you might love. For some … [Continue reading]