UnemploymentData.com

Your Source for Employment and Unemployment Data

Unemployment
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+.

Unemployment Down in March

by

The U.S. Bureau of Labor Statistics (BLS) released their monthly Employment/Unemployment report for the month ending in March on April 7th.  The widely publicized Seasonally Adjusted U-3 Unemployment rate was 4.5% down from 4.7% in February. While the broader U-6 unemployment rate that includes discouraged workers and other “marginally attached” individuals was 8.9% down from 9.5% in February.

The BLS’ Unadjusted U-3 was 4.6% in March down from 4.9% in February. The Gallup alternatives presented mixed results with Gallup’s Unadjusted U-3 at 5.7% up from 5.5% in February while Gallup’s version of the U-6 was unchanged at 13.7%.

The BLS Commissioner’s statement said, “The unemployment rate declined by 0.2 percentage point to 4.5 percent in March. Nonfarm payroll employment edged up by 98,000, following gains in January (+216,000) and February (+219,000). In March, job gains occurred in professional and business services and in mining, while retail employment declined.”

In the above chart we can see [Read more…] about Unemployment Down in March

Housing Ace: 5 Ways to Prepare for a Job in Real Estate

by

Being a real estate agent can be a really great career for the right person. According to the U.S. Bureau of Labor Statistics (BLS) the median salary for a Real Estate agent is $45,610 per year. Real estate brokers and sales agents help clients buy, sell, and rent properties. Although brokers and agents do similar work, brokers are licensed to manage their own real estate businesses. Sales agents must work with a real estate broker. Generally, you must be an agent for a while before becoming a broker.

According to the BLS, “Brokers and agents can represent either the buyer or the seller in a transaction. Buyers’ brokers and agents meet with clients to understand what they are looking for in a property and how much they can afford. Sellers’ brokers and agents meet with clients to help them decide how much to ask for and to convince them that the agent or broker can find them a qualified buyer.

Real estate brokers and sales agents must be knowledgeable about the real estate market in their area. To match properties to clients’ needs, they should be familiar with local communities, including knowing the crime information and the proximity to schools and shopping. Brokers and agents also must stay current on financing options; government programs; types of available mortgages; and real estate, zoning, and fair housing laws.”

The hours are unusual since you may be showing homes when other people are off of work. Since you work on commission you may work for long periods without getting paid and then receive a large paycheck all at once. Some years are better than others depending on the overall market in your area. You must be self-motivated and a “people person”. But for the right individual this can be an excellent career choice. [Read more…] about Housing Ace: 5 Ways to Prepare for a Job in Real Estate

Preparing for a Healthcare Job Interview

by

Healthcare Job InterviewLooking for your first healthcare job is an exciting journey that may have a few bumps along the way. Although preparing and submitting a sleek resume is the first step of the process, the in-person interview may be the most important part. Good preparation, including reflecting on your experiences and learning more about the job, can transform you into an exceptional candidate. If you aren’t sure what you might need to prepare for in your interview, take a look at these ideas.

Prepare to Talk About Your Experiences

During the interview, your goal is to impress the interviewers with your capabilities and skills. Declaring that you’re good at talking with patients is helpful, but demonstrating [Read more…] about Preparing for a Healthcare Job Interview

New Unemployment Numbers- February

by

On Friday March 10th the U.S. Bureau of Labor Statistics released their Employment and Unemployment numbers for February 2017. The media was making a big deal about these numbers because they represent the “First full month since Trump took office”.

The numbers turned out to be moderately “Bullish” although the Commissioner’s statement said, “Total nonfarm payroll employment increased by 235,000 in February, and the unemployment rate was little changed at 4.7 percent. Employment gains occurred in construction, private educational services, manufacturing, health care, and mining.”

Now,   I’m not complaining… gaining 235,000 jobs is certainly better than losing them but what’s the big deal?  Well, first of all, the big deal is that [Read more…] about New Unemployment Numbers- February

Tradesmen Needed: Essential Services Make Good Job Prospects

by

At one time or another, every part of your home will need repair or replacement. From the electrical wiring to the plumbing and heating and cooling systems, anything can break down or wear out. These essential parts of your home require a great deal of knowledge, skill and experience to repair. A novice could easily become injured or cause even more damage to the appliance or house. Consider these four essential services that you cannot live without as good job prospects.

Heating and Cooling

No matter where you live, your home needs a source of heat and some type of ventilation and cooling. Furnaces, boilers and heat pumps use a fuel such as natural gas, propane or electricity. These systems also have many mechanical parts. An experienced heating, ventilation and air conditioning (HVAC) technician works to ensure that this critical part of your home is operating safely and efficiently. So as long people need heated and air-conditioned homes HVAC Technicians will have jobs. The median annual wage for heating, air conditioning, and refrigeration mechanics and installers was $45,110 in May 2015.  According to the U.S. Bureau of Labor Statistics (BLS) “Employment of heating, air conditioning, and refrigeration mechanics and installers is projected to grow 14 percent from 2014 to 2024, much faster than the average for all occupations. Candidates familiar with computers and electronics and those with good troubleshooting skills will have the best job opportunities as employers continue to have difficulty finding qualified technicians to install, maintain, and repair complex new systems.”  [Read more…] about Tradesmen Needed: Essential Services Make Good Job Prospects

January Unemployment

by

Unemployment RateThe U.S. Bureau of Labor Statistics (BLS) released the newest unemployment data for January 2017 on Friday, February 3rd. According to the BLS, the current “Seasonally Adjusted” Unemployment Rate is 4.8% up from 4.7% in December and 4.6% in November but still below the 4.9% in October.

The current “Unadjusted” rate is 5.1% up from 4.5% in December and 4.4% in November. Typically unadjusted unemployment rates jump in January for “Seasonal” reasons which is why we see a large jump in the unadjusted rates but a much smaller jump in the seasonally adjusted unemployment rate. See Current Unemployment Rate for more info.

 

U.S. Employment ChartThe number of Unadjusted jobs reported for January was [Read more…] about January Unemployment

Managing Your Money and Your Expectations For Retirement

by

Any change can be stressful, even a “good change” but especially stressful are changes regarding financial stability and retiring from work is one of the biggest changes in life. Relying on investments and savings rather than a monthly salary can seem daunting at first, but a little planning goes a long way, especially if you do so sooner rather than later.

Planning Ahead

You can start planning for retirement at any age but obviously [Read more…] about Managing Your Money and Your Expectations For Retirement

5 Careers to Consider for 2017

by

Careers 2017Whether you are looking for your first job or a new career in 2017, you should always consider the economy before beginning your search. For instance, today unemployment rates are low and many industries are still looking to hire. Several jobs require a college degree, but others do not. The more skill in a particular area you have the better your chances will be. If you are on the hunt, you’ll need to know your area and the industries that are hiring. You’ll also have to know yourself and what kind of job you might be suited for. Below are five great careers to consider for 2017.

Environmental Science and Protection Technicians

If you like science and engineering, a career in [Read more…] about 5 Careers to Consider for 2017

When is Moving for a Career Worth It?

by

In the current job marketplace, more people are being forced to consider relocating in order to either find the job of their dreams or even just to find any job at all. With every passing year, the idea of remaining with the same employer for decades has become more the exception and much less the rule. While moving on to greener pastures can be alluring, knowing when to make the leap is important. To determine whether or not relocating is the right call to make, it pays to keep the following things in mind.

New Expenses

Consider the difference in the costs of living between [Read more…] about When is Moving for a Career Worth It?

Unemployment Inches Up

by

The U.S. Bureau of Labor Statistics (BLS) announced on Friday January 6th, 2017 that the seasonally adjusted unemployment rate for December was 4.7% up from 4.6% in November. The unadjusted U-3 came in at 4.5% up from 4.4% in November. Gallup on the other hand says the unadjusted U-3 is 5.1% up from 4.9% in November.

Unemployment U6 vs U3The U-6 unemployment rate, which includes discouraged workers, marginally attached workers and part-time workers who want to work full-time, was 9.1% in December up from 9.0% in November.
Gallup says their equivalent “Under Employment Rate” was 13.7% in December up from 13.0% in November.

Labor Force Participation Rate

For the 20 years from 1989 to 2009 the Labor Force Participation Rate (LFPR) held fairly steady at around 66%
of the workforce being employed.

But starting in 2010 [Read more…] about Unemployment Inches Up