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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 Unemployment- Jobs Much Better Than Expected

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Adj U3 Icon 3-6 upThe U.S. Bureau of Labor Statistics (BLS) released its employment / unemployment report for October on November 1st.

Unemployment is still near record lows. Although the “Seasonally Adjusted” Unemployment Rate for October ticked up from 3.5% in September to 3.6%. However, the unadjusted U-3 Unemployment rate was unchanged at 3.3%. This Jobs report was unexpectedly good despite counting 30,000 “unemployed” strikers at auto manufacturers.

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

“Nonfarm payroll employment increased by 128,000 in October, and the unemployment rate was little changed at 3.6 percent. Notable employment gains occurred in food services and drinking places, social assistance, and financial activities. Within manufacturing, employment declined in motor vehicles and parts due to strike activity. Federal government employment was down, reflecting a drop in the number of temporary jobs for the 2020 Census.”

Experts had been predicting that the economy would add no more than 75,000 jobs. In fact, MarketWatch on Thursday told readers that
the report would be “a big dud” due to the impact of the General Motors strike on the overall numbers.
If it hadn’t been for the strike the October numbers would have been even better.

Of course, the Commissioner is talking about “Seasonally Adjusted Jobs” from the “Current Population Survey (CPS)”
rather than looking at the results reported by actual companies in the BLS’ “Current Employment Statistics survey (CES)”
in reality, the BLS has done a lot of “Adjusting” over the last few months.
The original CES numbers the BLS reported for August was 151.517 million people employed in August
then later they adjusted it up to 151.607 million. And for September they originally reported there were 151.949 million employed
and currently they are reporting 152.962 million employed so that is an actual increase of 1.013 million NOT and adjusted increase of 128,000!
But in addition to “Seasonal Adjustment”, they adjusted September’s number up to 152.015 million
so the difference between September and October appears to be less than it actually was.

For more info see our Current Unemployment Chart and Current U.S. Employment Chart commentary:

October Jobs Report Smashes Expectations

  • Unadjusted U-3 was Unchanged at 3.3%!
  • Adjusted U-3 was up slightly from 3.5% to 3.6%!
  • Unadjusted U-6 was Unchanged at 6.5%!
  • Labor Force Participation hits levels not seen since 2013 at recent peak levels of 63.3%.
  • Unadjusted Employment Up
  • The unemployment rate for black Americans nudged lower to 5.4 percent, setting a new record,

Key factors in the BLS report were:
Employment in food services and drinking places rose by 48,000 over the month.
Financial activities employment rose by 15,000, with nearly half of the gain occurring in insurance carriers and related activities (+7,000).

Social assistance added 20,000 jobs in October, with most of the gain occurring in individual and family services.

Financial activities added 16,000 jobs.
Professional and business services added 22,000 jobs.

Health care added 15,000 jobs.

Manufacturing employment declined by 36,000 in October.
Employment in motor vehicles and parts manufacturing decreased
by 42,000, reflecting strike activity.

[Read more…] about October Unemployment- Jobs Much Better Than Expected

Benefits of Going Back to School Before Making a Big Career Change

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Making a big career change can be scary, but there are things you can do to become more successful. Going back to school is a common choice, especially among those who want to pursue a radically different line of work. We’ve looked at lots of ways to get into careers like IT without a college degree. But sometimes going back to college can help you to make your transition to a new career a little more successful.

Getting the Degree

While it’d be great to say that college is beneficial only for what you learn, the piece of paper that you get at the end of your studies can be quite valuable. Getting a degree can help to distinguish you from other job candidates and might even help you to qualify for more jobs. Having a degree can really change the way your job search works.

Building up New Skills

You can also spend time in college building up the new skills that are relevant for your new job. Learning the basic theories behind the tasks that you’ll do at work can help you learn how to make better decisions and improve your ability to accomplish your goals at your new job. Sometimes just getting a little more education can make the difference between success and failure.

Learning What’s out There

Going back to school doesn’t always mean [Read more…] about Benefits of Going Back to School Before Making a Big Career Change

September Unemployment Rate Hits 50-Year Low

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The U.S. Bureau of Labor Statistics (BLS) released its employment / unemployment report for September released on October 4th. Unemployment is at record lows. According to the BLS, the “Seasonally Adjusted” Unemployment Rate for September fell to 3.5% after spending 3 months at 3.7%. The last time unemployment was this low was in December 1969 almost exactly 50 years ago.

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

“The unemployment rate declined by 0.2 percentage point to 3.5 percent in September, and nonfarm payroll employment increased by 136,000. Employment continued to trend up in health
care and in professional and business services… Health care employment rose by +39,000 in September… employment continued to trend up in professional and business services +34,000… Employment in transportation and warehousing edged up by +16,000… Government employment also continued to trend up in September +22,000…”

Of course, he is talking about “Seasonally Adjusted Jobs” in reality last month the BLS reported there were 151.517 million people employed in August and this month they are reporting there are 151.949 million employed in September, so that is an increase of 432,000 jobs.

For more info see our Current Unemployment Chart and Current U.S. Employment Chart commentary:

Key September Employment and Unemployment Numbers

This month’s Unemployment report was full of positive news.

  • Adjusted U-3 Unemployment-    3.5% down from 3.7% June through August.
  • Unadjusted U-3 Unemployment-  3.3% down from 3.8% in August and 4.0% in July, it was 4.4% in January.
  • Unadjusted U-6 Unemployment-  6.5% down a whopping -0.8% from 7.3% in August.
  • Unadjusted Employment (Establishment Survey)- 151.949 up from the 151.517 million the BLS reported in August.
  • Labor Force Participation Rate- 63.2% unchanged from August but up from 63.0% in July, and 62.9% June.

Key factors in the BLS report were:

Health care employment increased by 39,000

Professional and business services increased by 34,000

Transportation and warehousing increased by 16,000

Government employment increased by 22,000 approximately 1,000 of those were related to the upcoming census.

Hispanic and African American unemployment are both at the lowest levels on record.

 

[Read more…] about September Unemployment Rate Hits 50-Year Low

Consider Becoming a Social Media Influencer

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Can’t find a job that is right for you? Or maybe you’re struggling to find a job that fits around your busy lifestyle? Then why not consider becoming a social media influencer? Becoming a social media influencer is easy. Here are some tips to get you started.

What is a Social Media Influencer?

A social media influencer is a person who develops a following of people by sharing things on their social media platform that entertains, informs, inspires and connects them to their followers. The more followers an influencer has, the more money they will earn, and the more brands will be willing to work with them – often giving them free items to test and comment on.

How Do I Become a Social Media Influencer?

You may think that you have to have a lot of money to become an influencer, but this isn’t the case. This is why this can be the perfect choice for people who are unemployed and can’t find a job to suit them. Follow these simple tips and [Read more…] about Consider Becoming a Social Media Influencer

Why Credit Risk Management Matters in a Post-Recession World

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The financial crisis of 2008 is considered by many to be the worst since the Great Depression. A number of large firms that had been in existence for decades went under with little warning that they were going to fail. Therefore, it is important for companies to be aware of credit risk (aka. default risk) management possibilities in the aftermath of such a calamity.

It’s Important to Be Proactive

There are never any guarantees that a client will pay his or her bills on time. In fact, there is no guarantee that a client will pay any portion of an outstanding balance. However, using credit risk management tools can help you predict which customers are likely to live up to their obligations and which ones are less likely to. This can help your company minimize its losses and create objective criteria as to what a quality client or customer looks like.

You Can Prepare to Make Claims in Bankruptcy Court

If you can predict ahead of time that [Read more…] about Why Credit Risk Management Matters in a Post-Recession World

Tips for Finding a Job that Meets Your Needs

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Finding a job is difficult. Not only does it need to be able to pay you enough, so you can live, but it also needs to be something worthwhile. Too often, jobs pay well enough but end up being a pain. Or they’re your dream job, but they don’t pay enough. To help you find a job that will hit most of the marks of your needs, consider these four tips.

1) Know Your Needs

In order to find a job that will meet your needs, you first need to establish what your needs are. Do you need a certain amount of money each month to cover your bills and other expenditures? You also need to be qualified for the position. If you’re not qualified, then you might need to revisit your needs and sort through them again.

2) Use Job Sites

Going door-to-door and asking for applications can be a pain. It’s much easier to [Read more…] about Tips for Finding a Job that Meets Your Needs

Great Employment Benefits You Should Look For

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It isn’t uncommon for employers to offer health insurance, a 401(k) plan or other perks in addition to an annual salary. While benefit packages may be largely the same regardless of where you work, it is still a good idea to know what a prospective employer could provide.

A 401(k) Match Is Essentially Free Money

If your employer is willing to match your 401(k) contributions, you are getting the equivalent to a 100% return on your investment. The match usually isn’t unlimited i.e. you couldn’t double your entire salary by contributing all of it but whatever the maximum is you should definitely try to take advantage of all of it.  Best of all, this money will grow exponentially and tax-free for many years or decades to come. As an employer match can make it easier to retire comfortably, it is important that you understand how it works and how to best take advantage of it.

Health Savings Accounts Can Accrue Interest

Money kept in a health savings account (HSA) could [Read more…] about Great Employment Benefits You Should Look For

10 Online Radiology Courses Every RT Should Add to Their Resume

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Online Radiology CoursesThe medical industry has made a massive amount of leaps in new technology over the past few decades. Keeping up with these changes is vital to giving quality care.

A radiologist is far from exempt from this. As such online radiology courses have become a common standard to further medical education.

Getting those continuing education credits will further your education, your career, and your ability to help those in need. Eager to learn more? Keep reading below.

Furthering Your Education: 10 Online Radiology Courses You Need

Taking online educational courses has been on the rise for many for easy and reliable access to education. Many online courses can work around any schedule, flexing around job hours and other responsibilities.

Some of these 10 sections have a wider variety of fields that they cover. Even if you do not branch out into other wider varieties, the basic courses can prove very useful for radiologists new and old.

When searching through online courses, most will fall into categories like those found below.

1. Radiography

Radiography is the foundation of a radiologist’s career. The science behind digital mapping allows radiologists to view and discern any number of unseen issues with the human body.

These classes might seem like any radiologist would know everything that will be learned here. The truth is that these basics are so necessary that a refresher course can be a valuable tool for keeping a radiologist’s abilities sharp.

2. Bone Densitometry

[Read more…] about 10 Online Radiology Courses Every RT Should Add to Their Resume

Stretch Your Dollars While Between Jobs

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Being in between jobs can have you worrying about how you’re going to pay your bills. Fortunately, there are ways to stretch your dollar so that you can sustain yourself financially until you can find more work. These tips can help you preserve your finances while in between jobs.

File for Unemployment

It seems unemployment always lasts longer than you think so, the first step when you become unemployed is to always file for unemployment if you are eligible (even if you think you will only be unemployed for a short time). Remember there is processing time before your benefits start and if you wait too long you might miss out on some benefits. Also,  be sure to keep up with your paperwork so you don’t miss some benefits during your unemployment. These days you will probably be able to file online so the process should be relatively quick and painless. However, if you have a special situation you may have to call or visit your local unemployment office. Be sure to check to see how much your state allows you to earn and still be eligible to receive unemployment.  Then you can consider picking up some side gigs.

Cut Expenses to the Bone

Generally, unemployment benefits don’t equal your previous salary so [Read more…] about Stretch Your Dollars While Between Jobs

August Unemployment Report

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Adjusted U3 3.7%The U.S. Bureau of Labor Statistics (BLS) released its employment / unemployment report for August on September 6th. Unemployment is still near record lows. According to the BLS, the “Seasonally Adjusted” Unemployment Rate for August is unchanged at 3.7% for the 3rd month in a row. But up from 3.6% in May and down from 3.8% in February and March.

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

“Total nonfarm payroll employment rose by 130,000 in August, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment in federal government rose, largely reflecting the hiring of temporary workers for the 2020 Census. Notable job gains also occurred in health care and financial activities, while mining lost jobs.”

Of course, he is talking about “Seasonally Adjusted Jobs” in reality there were 151.517 million people employed in August up from 151.169 million employed in July. Although the BLS originally reported 151.183 jobs for July.

For more info see our Current Unemployment Chart and Current U.S. Employment Chart commentary:

Key August Employment and Unemployment Numbers

This month’s Unemployment report was full of positive news.

  • Seasonally adjusted Unemployment remained at historically low levels. 
  • Unadjusted U-3 was Down.
  • Unadjusted U-6 remains good.
  • Labor Force Participation Up Again
  • Unadjusted Employment Up

Key factors in the BLS report were:

Health care employment increased by 24,000 and 392,000 over the past 12 months.

Financial activities employment rose by 15,000, with nearly half of the gain occurring in insurance carriers and related activities (+7,000). Financial activities has added 111,000 jobs over the year.

Not sure if this is good or bad but…

“Social assistance employment continued on an upward trend in August (+13,000). Within the industry, individual and family services added 17,000 jobs. Social assistance has added 100,000 jobs in the last 6 months.”

[Read more…] about August Unemployment Report