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Tim McMahon, Editor of UnemploymentData.com

My grandfather lived through the Hyperinflation in Weimar, Germany--to say he was an original “gold bug” would be an understatement. I began reading his “hard money” newsletters at the age of 16 and the dividends from gold stocks helped put me through college. I began publishing the Financial Trend Forecaster paper newsletter in 1995 upon the death of James Moore editor of Your Window into the Future and the creator of the Moore Inflation Predictor©. FTF specializes in trends in the stock market, gold, inflation and bonds. In January of 2003, I began publishing InflationData.com to specialize in all forms of information about the nature of Inflation. In 2009, we added Elliott Wave University to help teach you the principles of Elliott Wave analysis. In January 2013, we began publishing OptioMoney. Connect with Tim on Google+.

October 2021 Unemployment Down as Expected

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October 2021 Unemployment report from the Bureau of Labor Statistics (BLS)

  • Unadjusted U-3 was Down from 4.6% to 4.3%
  • Adjusted U-3 was Down from 4.8% to 4.6%
  • Unadjusted U-6 was Down from 8.1% to 7.7%
  • Labor Force Participation unchanged at 61.6%
  • Unadjusted employment rose from 147.659 million to 149.217 million

These numbers are generally an improvement over last month (except Labor Force Participation), in line with market expectations. Typically October and November are up months for employment with Seasonal hiring for the Holidays.

According to the Commissioner of the U.S. Bureau of Labor Statistics:

“Nonfarm payroll employment rose by 531,000 in October, and the unemployment rate edged down by 0.2 percentage point to 4.6 percent.
Job growth was widespread, with notable job gains in leisure and hospitality, in professional and business services, in manufacturing,
and in transportation and warehousing. Employment declined in public education over the month.”

As usual, they are talking about “Seasonally Adjusted Jobs” from the “Current Population Survey (CPS)” rather than looking at the results reported by actual companies in their “Current Employment Statistics survey (CES)”

But looking at the CES report we see…
Originally the BLS reported 147.682 for September which they adjusted to 147.659 million. For October they are currently saying employment is 149.217 million.
which is actually an increase of 1,535,000 jobs based on their original estimates or an increase of 1,558,000 based on their updated numbers.

[Read more…] about October 2021 Unemployment Down as Expected

The Spectacular Benefits of a Sales And Marketing Career

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If you are looking for a lucrative career that can provide you with a successful future, you might consider the benefits of a sales and marketing career. You will learn essential business and personal skills like building rapport, communication, creative thinking, negotiation, time management, and even storytelling. These can be used down the road in everything from business to dating. Whether you realize it or not, much of life involves sales. Do you want to borrow your parent’s car? You might need to come up with a good sales pitch. Looking for a job… that’s just selling your skills to a potential employer. Are you looking for a date? More selling. Trying to convince your spouse to go to a particular restaurant… you guessed it… selling.

Once you become proficient at selling, there are many related benefits. If you are a “people person” or good at building rapport, you are halfway there.

Compensation

A talented salesperson can almost write their own paycheck with any amount they choose. Selling is the one area of a business that actually generates profit rather than an expense. Any company worth its salt knows that salespeople generate profit, and without them, businesses fail. If you work on a 20% commission for every dollar you make, the company makes four (minus production expenses, of course).

You also have to consider that by driving new customers to the business, you will expand profits and, therefore, increase wages across the board. As for marketers, they are always necessary for any free-enterprise economy. This demand has not been subject to the typical ups and downs of other positions in recent history. As a matter of fact, market analysts and specialists now start at approximately $70,000 per year. And good commission-based salespeople can earn more than company Presidents. [Read more…] about The Spectacular Benefits of a Sales And Marketing Career

Got A New Job Out Of State? How To Find A New Home Fast

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If your career is taking you to a new job out of state, you’ll have many details that will need to be worked out in a short amount of time. One of the biggest is finding a new home, which can be challenging even under the best of circumstances. But with the current seller’s market in many areas of the country, finding an affordable home can be difficult.

However, you can solve this problem far quicker than you ever anticipated with some careful planning and determination.

Start Looking at Online Listings

Even if you don’t have a significant amount of time before relocating for your new job, one of the fastest ways to get started on the hunt is by checking online listings. Go online and start looking at listings of homes in the area to which you are moving. Since the pandemic, more agencies are offering homes via virtual tours, so you may be able to find the home you want at a reasonable price while sitting at your computer.

Contact a Local Real Estate Agent

If you aren’t comfortable [Read more…] about Got A New Job Out Of State? How To Find A New Home Fast

September Unemployment Disappointing

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September nonfarm payroll report from the Bureau of Labor Statistics (BLS)

  • Unadjusted U-3 was Down from 5.3% to 4.6%
  • Adjusted U-3 was Down from 5.2% to 4.8%
  • Unadjusted U-6 was Down from 8.9% to 8.1%
  • Labor Force Participation Down from 61.7% to 61.6%
  • Unadjusted employment rose from 147.028 million to 147.682 million

Although these numbers are generally an improvement over last month (except Labor Force Participation), the market expected better. Bloomberg was projecting jobs growth of roughly 2.5x what we actually got.

According to the Commissioner of the U.S. Bureau of Labor Statistics:

Nonfarm payroll employment rose by 194,000 in September, and the unemployment rate fell by 0.4 percentage point to 4.8 percent.
Notable job gains occurred in leisure and hospitality, in professional and business services, in retail trade, and in transportation and warehousing.
Employment declined in public education over the month.

As usual, they are talking about “Seasonally Adjusted Jobs” from the “Current Population Survey (CPS)” rather than looking at the results reported by actual companies in their “Current Employment Statistics survey (CES).”

But looking at the CES report, we see…
Initially, the BLS reported 146.856 for August, which they adjusted to 147.028 million. For September, they are currently saying employment is 147.682 million.
This is an increase of 826,000 jobs based on their original estimates. Or an increase of 654,000 based on their updated numbers.

However, the market considers this a “much softer-than-expected September nonfarm payroll report” since Bloomberg was projecting 500,000 new jobs instead of the CPS Seasonally Adjusted 194,000.

The labor force participation rate dipped to 61.6% from August’s 61.7% rate, compared to forecasts of an increase to 61.8%.

[Read more…] about September Unemployment Disappointing

Great Careers: No College Degree Necessary

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If college isn’t for you, there are still several career options available. Look into these careers that don’t require you to have a college degree.

Handyman

Many people work well with their hands and easily grasp concepts used in construction and home comfort. These people may find success as a handyman.

People call a handyman when something, such as plumbing or the HVAC system, breaks down. A handyman generally possesses extensive knowledge about how many different systems and things in the home. However, they may not have the authority to upgrade the circuit breaker or gas meter.

Security Guard

Security guards protect places and individuals that are at a higher level of risk. You’ve likely seen them at your bank, guarding VIPs, or protecting gated communities, or monitoring things during special events.

Being a security guard may require some specialized training, but you won’t need to go through a long, drawn-out process. Security guards also have the opportunity to learn more even after they have established themselves in their careers, giving them the chance to earn more money.

The U.S. Bureau of Labor Statistics lists various “Protective Service Occupations,” including Security Guards and Gambling Surveillance Officers. Private Detectives and Investigators, and Correctional Officers and Bailiffs. According to the BLS the average salary for Security Guards is $31,080/yr.

Garbage Collectors

For years, people made fun of garbage collectors for the more disgusting aspects of their jobs. However, the garbage collectors are the ones laughing now, all the way to the bank. Some of the established employees make as much as $112,000 a year. While the average salary is significantly lower, many sanitation workers still make more than some college graduates. Garbage collectors also get all of the benefits of a government job, including all federal holidays off, a retirement plan, health insurance, and job security.

Real Estate Agent

In order to become a real estate agent, you need to pass the required certification in your area. After that, the sky’s the limit on how much you can make. However, getting started can prove difficult for beginners.

You will need to work hard to get listings, develop meaningful relationships, and maintain those relationships before you get the opportunity to buy and sell expensive houses that come with high commissions.

A college degree does not necessarily equal a high-paying job, and you do have options without it.

You might also like:

Blue State Unemployment is 33.33% Higher Than Red States

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Unemployment by State- August 2021

The U.S. Bureau of Labor Statistics releases the Unemployment rates for the country on the first Friday of the month. A couple of weeks later they release the breakdown for each of the fifty U.S. states. On September 17th 2021, they released the individual state unemployment numbers for August 2021.

According to the report, “Unemployment rates were lower in August in 15 states and the District of Columbia and stable in 35 states, the U.S. Bureau of Labor Statistics reported today. Forty-nine states and the District had jobless rate decreases from a year earlier and one state was little changed. The national unemployment rate, 5.2 percent, declined by 0.2 percentage point over the month and was 3.2 points lower than in August 2020. Nonfarm payroll employment increased in 11 states, decreased in 3 states, and was essentially unchanged in 36 states and the District of Columbia in August 2021. Over the year, 49 states and the District added nonfarm payroll jobs and 1 state was essentially unchanged.”

 

State Unemployment Rates

 

Seasonally Adjusted State Unemployment Levels

The following table provides [Read more…] about Blue State Unemployment is 33.33% Higher Than Red States

6 Reasons to Know Your Rights as an Employee

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Know your rights as an employee. Regardless of what industry you work in, there are things that you may love or hate about your job. However, day after day, if the bad outweighs the good you may wish you could just quit.

Many people are dissatisfied with their work environment and are looking for ways to become entrepreneurs and avoid workplace drama. However, sometimes that drama is actually illegal and so here are six employee rights to be aware of.

Accidents

Regardless of your industry, workplaces can be more hazardous than homes. Of course, when you think of accidents at work, many think of construction, roofing, or police officers. However, accidents happen in the plushest offices where safety should be as important as a construction site.

Employees may suffer from an injury from falling over unsecured computer cords or need wrist surgery because the firm refused to purchase ergonomic equipment. But they don’t realize that these types of things can qualify for a worker’s compensation claim, so they don’t file. Labor & Industry attornies specialize in this type of case. So, hiring an L&I attorney could save them years of needless pain and agony (both physical and financial).

Privacy

Regardless of the industry or location, employees have the right to store their personal belongings in a safe place, free from theft or intrusion. That includes handbags, briefcases, and electronic devices. When an employee doesn’t work at a desk, jobs should provide a storage locker or other safe place for employees’ personal belongings.

Illnesses

Calling out sick shouldn’t [Read more…] about 6 Reasons to Know Your Rights as an Employee

New Careers in Workforce Management

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What is Workforce Management?

Workforce management (WFM) involves the efficient staffing, forecasting, scheduling, and real-time changes in personnel that a company needs. The goal of workforce management is to have the “right number of people, in the right location at the right time, doing the right work”.

With the right technology, processes, and procedures, you can successfully manage your staff for optimum performance and reduce labor costs. However, workforce management is an art as well as a science. It is more than just creating timetables; it is a highly automated procedure that provides you with the necessary information to make educated choices. WFM can be taught and continually built upon to provide consistently excellent outcomes, and there are many reasons why you should study it. Read on to find out more.

“right number of people, in the right location at the right time, doing the right work”.

The Workforce Is Changing

Obviously, the conventional workforce is undergoing significant change right now. The COVID-19 pandemic imposed the need for social distancing, which has hastened the acceptance of remote working. This will likely have a long-lasting impact on workforce organization and management in the coming years.

Over the last several years, the traditional nine-to-five workforce has been gradually replaced by more flexible employment schedules, including remote working. As a result, many workers may work from home, arrive early, or leave late, and essentially establish their own work hours to better fit their personal schedules.

As the workforce evolves, it will become more challenging to manage, especially if you need to manage employees, freelancers, and/or subcontractors. Thus staffing and scheduling are becoming more complicated than ever before. With all these considerations, businesses may consider hiring someone with a graduate certificate in distributed workforce management. [Read more…] about New Careers in Workforce Management

Ingenious Ways To Make Money Online  

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Making money has arguably become more complicated. Changes in the workplace due to COVID have made for “interesting times”.  Sometimes creative thinking has been required to stay afloat, as people tried to “Social Distance”.

The only thing constant in life is change.  Those who adapt quickest thrive, those who adapt slowly survive, those who don’t adapt at all are relegated to the lowest levels of existence, poverty and misery. The key to success is to adapt quickly… it will put you at the head of the pack.

Tim McMahon

The internet has allowed more people to work from home. Those who have been able to adapt to this fast-paced digital world have seen their prospects improved. As more businesses turn to remote working, the world wide web is becoming an even more significant focal point in the global marketplace.

Your best hope today is to make money online. Below you will find some creative tips to help you get started.

The 3 Major Ways to Make Money Online

There are only 3 major categories of things to sell online. It really is that simple:

  1. Sell a Service
  2. Sell a Product
  3. Sell information

Although the following video says How to Make Money Online “as a Teen” the ideas presented will work for anyone.

Make Money Online Selling What You Know

Starting with [Read more…] about Ingenious Ways To Make Money Online  

August Unemployment Improves as Pandemic Benefits Expire

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The U.S. Bureau of Labor Statistics (BLS) released their employment / unemployment report for August.

5.2% Unemployment

 

  • Unadjusted U-3 was Down from 5.7% to 5.3%
  • Adjusted U-3 was Down from 5.4% to 5.2%
  • Unadjusted U-6 was Down from 9.6% to 8.9%
  • Labor Force Participation unchanged at 61.7%
  • Unadjusted Employment rose from 146.544 million to 146.856 million

The Pandemic Emergency Unemployment Compensation program, which extends unemployment benefits by up to 24 weeks for those who have exhausted regular unemployment aid, and the $300 weekly supplement to state unemployment benefits, are due to expire on September 6. This may be the motivation some unemployed individuals needed to get back to work. Many have complained that the government assistance was paying certain people at the lower end of the payscale more to stay home than they could earn by going to work.

According to the Commissioner of the U.S. Bureau of Labor Statistics:

Total nonfarm payroll employment rose by 235,000 in August, and the unemployment rate declined by 0.2 percentage point to 5.2 percent, the U.S. Bureau of Labor Statistics reported today. So far this year, monthly job growth has averaged 586,000. In August, notable job gains occurred in professional and business services, transportation and warehousing, private education, manufacturing, and other services. Employment in retail trade declined over the month. 

As usual, they are talking about “Seasonally Adjusted Jobs” from the “Current Population Survey (CPS)” rather than looking at the results reported by actual companies in their “Current Employment Statistics survey (CES)”

But looking at the CES report we see…

Originally the BLS reported 146.470 for July which they adjusted to 146.544 million. For August they are currently saying employment is 146.856 million which is actually an increase of 386,000 jobs based on their original estimates or an increase of 312,000 based on their updated numbers.

[Read more…] about August Unemployment Improves as Pandemic Benefits Expire