5 Rewarding Careers in Economics to Consider

According to Dictionary.com Economics is the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind.” Some courses a person majoring in economics may take include finance, statistics, law and international trade.  Graduates with an economics degree can find employment in businesses, economic research, and government agencies.

Business Analysts

business-analystBusiness analysts are professionals who analyze business data, processes and systems to help businesses achieve long-term financial performance. Profit margins and company revenues are some the main types of data used by business analysts. You must have a bachelor’s degree in business administration or economics for you to be employed as a business analyst. Consulting firms, government agencies, and business firms usually employ business analysts. As of 2015, the average salary of a business (or Management) analyst according to the Bureau of Labor statistics (BLS) was $81,320 annually and job growth was expected to be much faster than average.

Financial Examiners

The main responsibility of financial examiners is [Continue reading]

September Unemployment Numbers

The U.S. Bureau of Labor Statistics (BLS) released the Unemployment numbers for the month of September on Friday, October 7th. The Seasonally Adjusted U-3 Unemployment rate was 5.0% after being 4.9% for three months in a row. The unadjusted U-3 Unemployment rate was 4.8% and Gallup’s equivalent unadjusted rate was 5.3% for a 0.5% difference.

The unadjusted U-6 Unemployment rate which includes “discouraged workers”, “marginally attached workers” and Part time workers who want to work full-time was 9.3% in September down from 9.7% in August while Gallup’s equivalent which they call the “Underemployment rate” was 12.8% down from
13.1% in August. The civilian non-institutional population increased another 237,000 this month bringing it to 254,091,000.

According to the BLS Commissioner’s report for this month:

Unemployment Rate ChartTotal nonfarm payroll employment increased by 156,000 in September, and the unemployment rate was little changed at 5.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in professional and business services and in health care…The unemployment rate, at 5.0 percent, and the number of unemployed persons, at 7.9 million, changed little in September. Both measures have shown little movement, on net, since August of last year… Among the major worker groups, the unemployment rate for Hispanics increased to 6.4 percent in September, while the rates for adult men (4.7 percent), adult women (4.4 percent), teenagers (15.8 percent), Whites (4.4 percent), Blacks (8.3 percent), and Asians (3.9 percent) showed little or no change. The number of persons unemployed less than 5 weeks increased by 284,000 to 2.6 million in September. The number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 2.0 million and accounted for 24.9 percent of the unemployed.”

See Current Unemployment Rate Chart for full commentary.

employment-2000-2016-septThe number of Unadjusted jobs reported for September was 144.943 million up from August’s 144.424 million but still below June’s 145.215 million.  Employment is slightly above November 2015’s previous peak of 144.122 million.

According to the BLS, in November 2007 there were 139,443,000 people employed, the unadjusted unemployment rate was 4.5% and the civilian non-institutional population was approximately 232 million. In September of 2016, there were 144,943,000 employed for a net increase of 5.433 million jobs with an unadjusted unemployment rate of 4.8%.

But now there are 254.091 million civilians (not in jail, the military or institutions). So the population has increased by over 22 million. Since almost half of the population is looking for jobs (Gallup says the payroll to population rate has fallen to 45.7%) we would need over 10 million (22 x 0.457) more jobs just to be at the same employment level we were in 2007. But employment only increased by 5.4 million. So we are about 5 million jobs short. But somehow the unemployment rate is roughly the same??? See Current Employment Data for more info. [Continue reading]

Whose Unemployment Numbers are Right?

BLS vs Gallup Unemployment numbers

The Bureau of Labor Statistics (BLS) and the Gallup Survey people both generate numbers to help us understand the employment/unemployment situation. Unfortunately, they often present a different picture. Typically the BLS data is lower than the … [Continue reading]

Tips for Climbing to the Top of the Ladder


Whether you start with a High School degree or a Master's degree there are avenues to successful careers. Here are 4 different paths to climbing the corporate ladder including where they start and where they end, along with the positions and salaries … [Continue reading]

Financial Solutions for Unemployed Dads


While people often view mothers who stay home with their children in a positive way, they may look down on stay at home dads. When you lose your job, it can take months until you find another one. This can be stressful and financially difficult for … [Continue reading]

August Unemployment Numbers- 4.9%

Unemployment Rate

The U.S. Bureau of Labor Statistics (BLS) released the Unemployment numbers for the month of August on Friday September 2nd. The commonly quoted Seasonally Adjusted U-3 Unemployment rate was 4.9% for the third month in a row. The unadjusted U-3 … [Continue reading]

Type A Personality? Some Jobs for You to Consider

Type A Personality

Type A personalities tend to be career- and goal-oriented. They are laser-focused on achieving goals and are considered risk takers. They're often competitive, driven and controlling. While this can lead to stress, it can be channeled into avenues … [Continue reading]

MSN Picks Up Our Theme of “The Real Unemployment Rate”

Jobs Increase2

The Bureau of Labor Statistics published the July Employment/Unemployment numbers on August 5th . The seasonally adjusted U-3 (the commonly quoted unemployment rate) was  unchanged at 4.9%. BLS' Unadjusted U-3 was also unchanged at 5.1%. … [Continue reading]

Employment and Unemployment Rates Jump in June???

June 2016 Unemployment rate

On Friday July  8th, the U.S. Bureau of Labor Statistics (BLS) released their newest unemployment data for June 2016.  According to the BLS, the current “Seasonally Adjusted” Unemployment Rate is 4.9% up from 4.7% for May. The current “Unadjusted” … [Continue reading]

Business Process Outsourcing (Infographic)


What is Business Process Outsourcing? Business process outsourcing (BPO) is the external contracting of services such as data management, accounting and creative design with a service provider. In contrast, manufacturing outsourcing involves … [Continue reading]