Today’s Headlines

Mowing Grass to Earn Green: Things to Consider Before Starting a Lawn Care Business

Lawn care can be a profitable entrepreneurial opportunity for those who are willing to work hard and consistently network for more clients. Just like any other … [Read More...]

Need Employment? 4 Jobs that are Always Hiring

Being unemployed for any amount of time can be stressful. Whether you have a degree in your pocket or are just starting out, however, you’ll still be able to … [Read More...]

Bring Ideas to Life! 3 Tips for Entrepreneurs

Starting your own business means more freedom, but it can take a while to get your ideas off the ground. Figuring out how to transition from a career to a … [Read More...]

Like to Be on the Move? 4 High-Paying Transportation Careers

If sitting behind a desk all day isn’t your thing, a career in transportation may be the perfect fit. There are many transportation career options that allow … [Read More...]

Need Employment? 4 Jobs that are Always Hiring

Being unemployed for any amount of time can be stressful. Whether you have a degree in your pocket or are just starting out, however, you’ll still be able to find employment if you know where to look. There are certain industries that are known to hire new employees regularly, and some that are currently suffering from a shortage of applicants. By searching any of these four industries for open positions, you may end up landing a stable job that will pay your living needs and beyond for as long as you need.

January Employment the Good and Bad

The U.S. Bureau of Labor Statistics (BLS) released their monthly unemployment survey results for January on February 1st. “Seasonally Adjusted” Unemployment U-3 is  4.0% up from  3.9% in December. Unadjusted U-3 was 4.4% up from 3.7% in December and 3.5% in November.

Looking back, Seasonally Adjusted U-3 started 2017 at 4.8% then it bounced around between 4.3% and 4.4% from April through October 2017, then it stayed at 4.1% from October 2017 through March 2018. It bounced between 3.8% and 4.0% from April through August 2018 before falling to 3.7% in September – November. So unemployment is currently at the same level as it was from April through August 2018.

 

Key January Employment and Unemployment Numbers

  • Adjusted U-3 Unemployment-   4.0% up from 3.9% in December and 3.7% in November.
  • Unadjusted U-3 Unemployment-  4.4% up from 3.7% in December and 3.5% in November.
  • Unadjusted U-6 Unemployment-  8.8% up from 7.5% in December and 7.2% in November.
  • Unadjusted Employment- 148.201 million down from 151.190 million in December and 151.244 million in November.
  • January Labor Force Participation Rate- 63.2% up from 63.1% in December and LFPR 62.9%.  
  • 100th straight gain in Seasonally Adjusted Employment

As I have been saying for a while [Read More…]

Unemployment and Employment Charts

  • Unemployment Rate Chart – The seasonally adjusted unemployment rate from 1948 to the present is one of the most watched statistics. Where is it now and should you trust it?
  • Current U-6 Unemployment Rate– Many people consider the U-6 the “real” unemployment rate. See where it is now.
  • Current Employment Data – How many jobs are there actually? This chart shows Employment since Jan 2000 and what the current trend is.
  • Historical Employment Data Chart– How Many People Are Actually Employed? This chart shows the actual employment rate without all the mumbo-jumbo. It gives a clear picture of  the employment level in the United States from 1939 to the Present. When employment is rising the economy is growing. When the employment rate levels off or declines times are not so good. Take a look and see how employment rates correspond to recessions over time.
  • Current Employment vs Unemployment Chart When looking at employment vs. unemployment you would think that they are two sides of the same coin but the U.S. Bureau of Labor Statistics (BLS) actually uses two entirely different surveys to calculate them. Looking at both on the same chart we can see some strange anomalies.
  • Misery Index– Created by economist Arthur Okun to help gauge the level of misery the average person is suffering. It is a combination of the inflation rate and the unemployment rate.
  • Unadjusted vs. Seasonally Adjusted Unemployment Rate– Often it appears that the Seasonally Adjusted numbers are going one way, while the unadjusted numbers are going in the opposite direction. Here is how it looks in chart form.
  • Seasonally Adjusted Unemployment Rate in Table form– If you want to see the actual numbers.
  • Is the Government Fudging Unemployment Numbers? Now there is an alternative measurement. We can also see a discrepancy in the Government’s own numbers by looking at the Employment vs. UnEmployment rate.
  • U-6 is the broadest measure of unemployment and includes all classes of Unemployed plus those ”marginally attached” and/or part-time for economic reasons. See What is the U-6 Unemployment Rate? for more details of all the “U” classifications.
  • What is the “Real” Unemployment Rate? Many economists believe that the popularly quoted Unemployment Rate understates the real unemployment rate because it fails to include workers who would like to work but have given up looking because they don’t think there are any jobs available for them.
  • State Employment and Unemployment Rates- September 2012 including political party affiliation  Which States have the highest unemployment and how does that relate to Political party?
  • Minimum Wages vs Unemployment– Will raising the minimum wage make the poor richer? A perfect real life example that illustrates what happens when the government tries to legislate wealth. My friend Jeff just posted this on Facebook. “My job was cut from 40 to 25 hours a week so that my employer will not have to pay health insurance due to the (UN) Affordable Health Care act. My insurance went up $100 so that the IRS can enforce the (UN) Affordable Health Care Act. Thank you Mr. President.” So this is how the government “helps” the poor through legislation… cut their hours and raise their taxes.