What You Can do When Your Unemployment Benefits are Denied

That’s the last thing you want to hear after losing our job and applying for unemployment benefits. But, don’t give up! There’s still hope, thanks mainly to the appeal process.

September Unemployment Rate Down

On Friday October 6th the U.S. Bureau of Labor Statistics (BLS) released their monthly employment survey results for the month of September. Every month the BLS conducts two surveys one contacts a sampling of households and the other collects data from businesses. Then they massage some of the numbers to “Seasonally Adjust” them and release them to the media.

According to the BLS, the current “Seasonally Adjusted” Unemployment Rate for September (released October 6th) is 4.2% DOWN from 4.4% in September. The current “Unadjusted” rate is 4.1% down from 4.5% in August. Seasonal adjustment provides something like a moving average leveling out the bumps due to normal seasonal variations. See: Unadjusted vs. Seasonally Adjusted Unemployment Rate for more information about Seasonal Adjustment.

August Unemployment Numbers

The U.S.Bureau of Labor Statistics (BLS) released the August unemployment numbers today. The BLS Commissioner says: “Nonfarm payroll employment increased by 156,000 in August, and the unemployment rate was little changed at 4.4 percent. Job gains occurred in manufacturing, construction, professional and technical services, health care, and mining. Employment growth has averaged 176,000 per month thus far this year, about in line with the average monthly gain of 187,000 in 2016.”  

Worldwide Unemployment Rates

On Friday August 11th the OECD published the Unemployment rates of its member countries. They call it the “Harmonised Unemployment Rate” meaning that they may adjust the rate depending on how the individual countries calculate it so they are comparable.

1 Million Fewer Jobs but BLS Says 209 K More

The U.S. Bureau of Labor Statistics (BLS) released their employment and unemployment numbers for July on Friday August 4th.  The Seasonally adjusted U-3 unemployment rate was down from 4.4% in June to 4.3% in July. Unadjusted U-3 however was up from 4.5% to 4.6%. U3 is the Official unemployment rate per the International Labor Organization definition. It occurs when people are without jobs and they have actively looked for work within the past four weeks.

Comparing Bureau of Labor Statistics Unemployment Numbers to an Independent Source

NOTE: Gallup has STOPPED publishing their Unemployment Numbers effective in July 2017. This includes U-3, Underemployment (U-6), and Good Jobs Index (Payroll to Population Rate). From 2010-2017,  the Gallup Survey people both generated numbers to help us understand the employment/unemployment situation. Unfortunately, they often presented a different picture from the numbers generated by the U.S. […]

Why the U.S. Isn’t at “Full Employment” Yet

BLS posted good employment news and the NY Times and WSJ started talking about “Full Employment” but are we really that close? Probably not!

January Unemployment

he 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.

5 Tips to Manage House Payments While You’re Unemployed

While you may not look forward to going to work every morning, it does provide the income that you need to make the mortgage payment. However, if you are out of work, it doesn’t mean that you should immediately look to sell the family home. The best solution is to plan ahead and pay into an emergency fund which optimally should cover 6 months of living expenses. But what if you weren’t that farsighted? Here are some ways to manage the mortgage payment until you can get back to work:

Unemployment Inches Up

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.