Employment and Unemployment Rates Jump in June???

On Friday July 8th, the U.S. Bureau of Labor Statistics (BLS) released their newest unemployment data for June 2016. According to the BLS, the current “Seasonally Adjusted” Unemployment Rate is 4.9% up from 4.7% for May. The current “Unadjusted” rate is 5.1% up from 4.5% in May. In an interesting twist, although total non-farm payroll employment increased by 287,000 in June, the unemployment rate also rose to 4.9 percent from 4.7%.

May’s “Terrible” Jobs Report

On June 3rd the U.S. Bureau of Labor Statistics released its “surprisingly weak” monthly Employment Report which the media is touting as “terrible”. According to the media “only 38,000 jobs were created” in the month of May. Although experts were predicting increase two or three times as large.
This was the smallest gain since September 2010 partially fueled by the Verizon strike of 34,000 but even with that extra 34,000 payrolls would have increased by only 72,000. However, like most Government statistics it is only half the story. First of all, the numbers quoted are …

A Closer Look at All Those New U.S. Jobs

Much of the talk about the U.S. job market is that it’s far less robust than it use to be, despite a steady improvement in the official jobless rate since the Great Recession high of 10.0% in October 2009. This October, the official unemployment rate was 5%.

In truth, the real jobless rate would be 9.8% if those who have given up looking for work and part-timers who want a full-time job were included.

August Unemployment Down

The BLS issued their “preliminary estimates” for the employment situation for the month of August 2015. The Commissioner’s report regarding the Seasonally Adjusted numbers says, “Nonfarm payroll employment increased by 173,000 in August, and the unemployment rate edged down to 5.1 percent. Employment rose in health care and social assistance and in financial activities, while manufacturing and mining employment declined.”

The full report of unadjusted numbers states that there were 142.126 Million jobs in August compared to 141.794 million jobs in July and 142.868 million jobs in June.

July Unemployment Data Released

The BLS issued their “preliminary estimates” for the employment situation for the month of July 2015. The report states that there were 141.794 million jobs in July down from 142.817 million jobs initially reported in June. At the same time they revised the numbers for June up to 142.839 million making the real loss of jobs -1,045,000. See Current Employment Commentary for more information.

Unemployment rate July 2015The U.S. Bureau of Labor Statistics (BLS) also released the newest unemployment data for July 2015 today. According to the BLS, the current “Seasonally Adjusted” Unemployment Rate for July is 5.3% the same as June but down from May’s 5.5%. The BLS reported the “Unadjusted” Unemployment Rate is 5.6% which is lower than January’s 6.1% but up from June’s unadjusted 5.5%.

June Unemployment Data

The U.S. Bureau of Labor Statistics (BLS) released the newest unemployment data for June 2015 on the first Thursday of July (rather than Friday due to the holiday). According to the BLS, the current “Seasonally Adjusted” Unemployment Rate for June is 5.3% down from May’s 5.5%.

May Unemployment Data

The U.S. Bureau of Labor Statistics (BLS) released the newest unemployment data for May 2015 on Friday June 5th. According to the BLS, the current “Seasonally Adjusted” Unemployment Rate for May is 5.5% up from April’s 5.4%. The BLS reported the “Unadjusted” Unemployment Rate is 5.3% which is lower than October’s unadjusted 5.5% and January’s 6.1% but up from April’s 5.3%.

March 2015 Unemployment Flat

The U.S. Bureau of Labor Statistics (BLS) released the March Unemployment figures on Friday April 3rd. According to the BLS the Current Unemployment Rate (Seasonally adjusted) for March was 5.5% unchanged from February. The Unadjusted Unemployment rate however fell from 5.8% to 5.6%. However, according to Gallup the Unadjusted Unemployment rate was actually 6.5% and the U-6 unemployment rate was 15.6% down from 16.1% in February.

100,000 Layoffs and Counting: Is this the New Normal?

With oil prices still in the doldrums, the oil jobs nightmare is spreading like a cancer, the number of energy jobs cut globally has climbed well above 100,000 everywhere from Canada to Australia. Examples include foreign-trained engineers whose promise of employment at LNG plants in Australia have evaporated as projects get delayed; development projects halted in Brazil resulting in the closure of international schools and the relocation of workers.

BLS Releases February Unemployment Numbers

The U.S. Bureau of Labor Statistics (BLS) released the February Unemployment figures on Friday March 6th. According to the BLS the Current Unemployment Rate (Seasonally adjusted) for February was 5.5% down from 5.7% in January. Along the same lines we see the Unadjusted Unemployment rates fall from 6.1% to 5.8%.  However, according to Gallup the Unadjusted Unemployment rate was […]