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You are here: Home / Archives for Tim McMahon

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+.

June Employment and Unemployment Both Up

July 3, 2021 by Tim McMahon

Highlights from the Bureau of Labor Statistics (BLS) employment / unemployment report for June released on July 2nd.

Adj U3 Icon 5-9

  • Unadjusted U-3 was UP from 5.5% to 6.1%
  • Adjusted U-3 was UP from 5.8% to 5.9%
  • Unadjusted U-6 was UP from 9.7% to 10.1%
  • Labor Force Participation unchanged at 61.6%
  • Unadjusted Employment rose from 145.385 million to 146.517 million

 

[Read more…] about June Employment and Unemployment Both Up

Filed Under: BLS Tagged With: BLS, employment, June, unemployment

Accountant vs Bookkeeper: What Do They Do for a Small Business?

June 29, 2021 by Tim McMahon

We tend to consider bookkeeping and accounting as the same thing if we are unfamiliar with the intricacies of both functions. But as a business owner, you need to realize that bookkeeping and accounting are two entirely different functions. To decide which professional is suitable for your business, you must first understand the primary difference between an accountant and a bookkeeper.

What is a Bookkeeper?

A bookkeeper is responsible for keeping the books of the business by handling the day-to-day paperwork. This includes recording income and expenses, and reconciling bank accounts.

Some bookkeepers can also help the business with managing the payroll functions and filing VAT returns. Often the owner will handle minimal transactions during the early stages of the business, but as the business grows and becomes more complex, hiring a bookkeeper becomes more important. [Read more…] about Accountant vs Bookkeeper: What Do They Do for a Small Business?

Filed Under: Small Business Tagged With: Accountant, Bookkeeper, Financial, Professional

4 Major Costs of Workplace Injuries to Include in Your Claim

June 21, 2021 by Tim McMahon

Being involved in a workplace injury or accident can be one of the most difficult experiences for a person to go through. Not only is it stressful emotionally and physically but a workplace injury often involves financial hardship as well. Although worker’s compensation claims help to relieve some of that financial hardship, the fact is that your employer and their insurance company are not on your side. Thus the following includes four major costs of job site injuries to make sure that you include within your claim.

Medical Bills

The most obvious recommendation a job site accident lawyer will give you is to make sure that you are seeking medical attention for your injuries. Not only are your medical documents needed to prove the severity of your accident, but your health should always come first before anything else. However, because of the complexity of healthcare, it can be easy to forget to add some major medical costs to your claim.

Workplace Injury and Lost Wages

Even if your workplace injury isn’t too severe, many employers will [Read more…] about 4 Major Costs of Workplace Injuries to Include in Your Claim

Filed Under: Insurance Tagged With: Accident, medical, Worker's Compensation, Workplace Injury

4 Types of Business You Can Easily Start on Your Own

June 15, 2021 by Tim McMahon

If you’ve ever thought of starting a business, you may have run into difficulties finding a business model that could make you good money without requiring a giant up-front investment. The good news is, there are a variety of business ideas that will allow you to make good money on a small scale. Here are four businesses you can easily start on your own.

Social Media Marketing Agency

If you love social media and are always up on the latest trends, you may have what it takes to provide social media marketing services to businesses. Small companies are always looking for new ways to promote themselves, and the ability to get them noticed on social media platforms is an immensely valuable skill. To be successful, you’ll need to be able to use a wide variety of different platforms well. Facebook, Instagram and LinkedIn, though, are the main sites that your clients will expect you to use.

Plumbing Business

Few businesses can be as profitable as a small plumbing company for people who are handy and don’t mind getting a bit dirty at work. Plumbing is hard work, but the pay is extremely good. While you will need to [Read more…] about 4 Types of Business You Can Easily Start on Your Own

Filed Under: Small Business Tagged With: business, Landscaping, Lawn Care, Pest Control, Plumbing, social media

How to Become a Hairstylist: A Career Guide

June 7, 2021 by Tim McMahon

When your friends need help looking great before they go out on the town, they turn to you. You’re not an experienced hairstylist by any means, but you do know how to cut and style the hair to some degree. You’ve always thought about going to beauty school, but you’ve been worried about what goes into it.

You’re not sure how to become a hairstylist. It takes a lot of hard work and dedication to get to the point where you can have your own salon, but it’s doable.

We can help you get started down this exciting career path. Check out this guide to unlock all the secrets of becoming a hairstylist.

Get the Proper Training

Before you can become a certified salon stylist, you’ve got to get your license which often involves going to school. There should be community colleges in your area that offer programs in the field. Depending on what route you go in, your schooling could last anywhere between a few months to a few years.

It takes a while to learn everything you need to know about coloring, styling, sanitation, and shampooing. Some programs also offer classes in skincare, nails, and other areas of beauty.

Obtain Your License

You can’t begin working at a hair salon until you get your license to do so. You’ll qualify to take a licensing exam as soon as you exit school.

The exact specifications vary from state to state. In most cases, [Read more…] about How to Become a Hairstylist: A Career Guide

Filed Under: Careers Tagged With: Hairstylist, Salon

May Unemployment Down

June 5, 2021 by Tim McMahon

Highlights from the Bureau of Labor Statistics (BLS) employment / unemployment report for May released on June 4th.

Adj U3 Icon 5-8

  • Unadjusted U-3 was Down from 5.7% to 5.5%
  • Adjusted U-3 was Down from 6.1% to 5.8%
  • Unadjusted U-6 was Down from 9.9% to 9.7%
  • Labor Force Participation fell from 61.7% to 61.6%
  • Unadjusted Employment rose from 144.412 million to 145.385 million

 

[Read more…] about May Unemployment Down

Filed Under: General Tagged With: BLS, employment, May 2021, unemployment

What Qualities Do You Need for a Career in Political Marketing?

June 2, 2021 by Tim McMahon

The world of politics is known for being ruthless, fickle, and incredibly stressful. While many people would run the other way from this career path, but, there are those who embrace the challenge, the excitement, and the possibility of ushering in real change. Perhaps you don’t like the idea of being a political figure but still want to be involved in politics. Perhaps you’d like a career where you get to remain behind the scenes? Then perhaps political marketing is the field for you.

What is Political Marketing?

Political marketing is a key component of politics. Every politician needs a political marketer from Presidents to members of local governments.  Market research is used to decide on policies, to understand what the people they serve want. Voter profiling helps decide which segments to target and what political brand is necessary to attract that segment of the population. Internal marketing provides volunteer involvement, etc.

With that said, it takes more than just an interest in politics to succeed in political marketing. There are some specific qualities that can help you to excel in this career path and really make your mark. So, let’s take a look at the qualities needed to be a successful political marketer.

Be Extremely Digital Savvy

In today’s highly reliant digital world, it is absolutely imperative that you [Read more…] about What Qualities Do You Need for a Career in Political Marketing?

Filed Under: Careers Tagged With: Marketing, Political Marketing, Politics

April Unemployment Report “Disappointing”

May 10, 2021 by Tim McMahon

Highlights from the Bureau of Labor Statistics (BLS) employment / unemployment report for April released on May 7th.

Adj U3 Icon 6-1

  • Unadjusted U-3 was Down from 6.2% to 5.7%
  • Adjusted U-3 was Up from 6.0% to 6.1%
  • Unadjusted U-6 was Down from 10.9% to 9.9%
  • Labor Force Participation rose from 61.5% to 61.7%
  • Unadjusted Employment rose from 143.309 million to 144.398

 

MSN classified this unemployment report as “disappointing” and the “greatest test yet of President Biden’s strategy to revive the pandemic economic recovery“.
There has been speculation that expanded unemployment benefits are making people reluctant to renter the labor market since generous unemployment benefits are more than they earn at minimum wage jobs.  To counteract this, states like Montana are canceling Federal COVID unemployment benefits in an effort to encourage people to go back to work.

According to CNBC: “Montana opts to end $300 unemployment boost. Other states may, too.”

CNBC KEY POINTS:
  • Montana Gov. Greg Gianforte, a Republican, is ending participation in federal programs that expanded and raised unemployment benefits on June 27.
  • The American Rescue Plan, a $1.9 trillion Covid relief bill President Joe Biden signed in March, offered them through Labor Day.
  • Gianforte is instead offering a $1,200 return-to-work bonus to address a labor shortage. Some experts question the move.

Buried in the middle of the article is this quote:

“Montana is turning down expanded federal benefits to address a “severe workforce shortage,” Gianforte said. The state’s labor force is 10,000 workers smaller than before the pandemic and its 3.8% unemployment rate is near pre-Covid lows.

So despite the fact that “Some ‘experts’ question the move” unemployment levels are not “disappointing” in Montana at least, in fact, quite the opposite… they are having trouble finding workers.

[Read more…] about April Unemployment Report “Disappointing”

Filed Under: BLS Tagged With: BLS, Bureau of Labor Statistics, CNBC, employment, Montana, MSN, unemployment

March Unemployment Shows a Slight Improvement

April 3, 2021 by Tim McMahon

Highlights from the Bureau of Labor Statistics (BLS) employment / unemployment report for March released on April 2nd.

Adjusted U3 Icon 6.0%

  • Unadjusted U-3 was Down from 6.6% to 6.2%
  • Adjusted U-3 was Down from 6.2% to 6.0%
  • Unadjusted U-6 was Down from 11.6% to 10.9%
  • Labor Force Participation rose from 61.4% to 61.5%
  • Unadjusted Employment rose from 142.077 million to 143.400 million

 

[Read more…] about March Unemployment Shows a Slight Improvement

Filed Under: BLS Tagged With: Current Employment, employment, LFPR, March Unemployment, Sector Employment, U1 through U6

Fleet Management 101: What Does It Take to Do It Well?

March 30, 2021 by Tim McMahon

Being a fleet manager is no easy task. It can be stressful, fast-paced, and it’s easy to stumble. Experience counts, but so does the personal character of the manager and how they approach each day. But being a Fleet Manager can be an excellent career choice.

As a Fleet Manager you make a difference by leading and developing a group of drivers. You lead your fleet in achieving safety and meeting service, revenue, and retention goals. As a leader, you develop strong relationships with your drivers, anticipate needs, take proactive steps to ensure positive outcomes, and manage performance. This is incredibly rewarding work that will provide you with a high level of personal and professional satisfaction. A fleet manager with a few years of experience can make between $50,000 and $65,000.

Here is what it takes to be a great fleet manager.

Adaptability

Being adaptable to changing demands, the ability to drop everything to troubleshoot a problem immediately, and to confidently work the problem, is key. Being stuck in the mud and unwilling to adapt won’t cut it as a fleet manager.

The demands will come thick and fast. There might be supplier issues, driver management problems, or issues with the vehicles themselves. Changes in legislation, budget cuts, and technology upgrades all play a role here. It’s the opposite of a static, never-changing situation when working in fleet management.

Therefore, it’s best when the person savors the challenge and doesn’t want every workday to be the same as the one that came before it.

A Strong Communicator

As someone in a senior position, the fleet manager will be dealing with upper management who will expect much and have little tolerance for excuses. When something does inevitably go wrong, he or she must be able to discuss it clearly, explain the issue and how they aim to resolve it (or did resolve it).

With drivers, there’s a need to not just see the job as cars and fuel needs. Drivers, their needs, their strengths, possible weaknesses, and other factors all play a part. Matching the right driver to the right assignment gets better results too. So, being too distant from the drivers will be a hindrance.

Talking with suppliers and other contacts is also important. Some will be a little rough around the edges. Therefore, the fleet manager must be adaptable to different styles of communication too.

Protect the Vehicles from Damage

The first line of defense with fleet management is to protect the value of the fleet itself. Certainly, there’s Fleet insurance but rates increase if your drivers are  “high risk”. So your responsibility is to ensure that your drivers drive safely not just for the company’s benefit but for the driver’s own safety as well. A company like Quotezone.co.uk can help you access a range of ideal policies from different insurers to find the right one.

Ensure Fleet Vehicles Are Checked & Maintained Well

A driver is only as good as the vehicle they’re driving. When the fleet vehicle has been poorly maintained and infrequently checked for fresh issues, that leads to breakdowns on the road. This is especially true when the fleet is rented out rather than used by the company itself.

Also, drivers should have a way to report problems with the vehicle. These must be quickly followed up by a workshop to look at the problem, replicate it, and then resolve it.

An effectively managed fleet of vehicles can support a business in a variety of ways. But when fleet management is done poorly, things can quickly fall apart. So, the right person must be put in the position to get the right results.

You might also like:

  • What is Fleet Management?
  • Start a Career in Financial Risk Management
  • A Guide to Avoiding Unemployment After High School
  • Medical Office Administration Career
  • 4 Tests And Examinations You Need to Pass Before Becoming a Trucker

Filed Under: Careers Tagged With: Fleet Manager

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