Employment and Unemployment Rates Jump in June???

June 2016 Unemployment rateOn 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” rate is 5.1% up from 4.5% in May.

In an interesting twist, although total non-farm payroll employment increased by 287,000 in June, the unemployment rate also rose to 4.9 percent from 4.7%. [Continue reading]

Whose Unemployment Numbers are Right?

What is the True Unemployment Rate?

Although up until recently the difference wasn’t massive it does appear that the BLS data is biased to the low side compared to the independently surveyed Gallup numbers. However, like the previous two summers the gap between the BLS and the Gallup numbers closed for June 2016 with the BLS Unadjusted U-3 coming in at 5.1% and the Gallup numbers coming is at 5.4%.

Comparing Bureau of Labor Statistics numbers to an Independent Source

BLS_vs_Gallup_Unemployment_3_Jun2016There 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) and what is the true unemployment rate. Generally, we look at the Employment numbers rather than the Unemployment Rate because they are much more accurate. We’ve looked at Employment vs. Unemployment to see how they compare and we’ve looked at U-6 (total labor force including those who’ve given up looking) vs. U-3 (those who are still actively looking).  The U-3 unemployment rate is the commonly quoted one. But the one problem is that all that data comes from the government. If they are fudging the numbers how would we know? Unless as we’ve noted before there are inconsistencies between the Unemployment and Employment Charts. But we  [Continue reading]

Business Process Outsourcing (Infographic)

Outsourcing

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]

Prospecting for Success

Success

It's the rare business that doesn't want to increase sales and thus increase profits. Of course the most obvious way to increase sales is to get more prospects. However, prospects don't just materialize out of thin air... you need a strategy to … [Continue reading]

6 Great Jobs for Left-Brained People

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The left brain-right brain theory began with the work of 1981 Nobel Prize winner Roger W. Sperry. Generally speaking, the left side of the brain tends to control many aspects of language, logic, learning and information processing. People who are … [Continue reading]

May’s “Terrible” Jobs Report

Labor Force Participation Rate

On June 3rd the U.S. Bureau of Labor Statistics released its "surprisingly weak" monthly Employment Report which the media is touting as "terrible".  According to the media "only 38,000 jobs were created" in the month of May. Although experts were … [Continue reading]

How to use International Commerce to get your Business “Booming”

How to use International Commerce to get your Business Booming

Untapped markets throughout the world are waiting for a product or service like yours. The problem is, you either don’t know they need what you have to offer and or you have no idea how to get it to the appropriate markets. While these are common … [Continue reading]

5 Things Employers Wish You Knew Before Applying For a Job

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Some maintain there has never been a wider gulf between employers and job candidates than there is right now. While this is debatable, there can be no doubt job hunting in the 21st century bears little to no resemblance to the job hunts of the … [Continue reading]

Six Careers for Natural Leaders

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When choosing a career, it is important that you consider both your interests and strengths. Certain careers are better suited toward people that are naturally strong leaders. If you take the time and consideration to choose carefully, you will be … [Continue reading]

Fast Track: How to Streamline Your Hiring Process

Fast Track How to Streamline Your Hiring Process

If your company is struggling to hire new employees, it’s time to review your hiring processes and change some of your practices. A sluggish economy that is compounded by competitive candidate market means most companies need to speed up their hiring … [Continue reading]