Today’s Headlines

Work Got You Down? 4 Steps to Making a Career Change

If you are not enjoying the work you do, it's harder to be productive as the minutes drag by... feeling like hours. Are you miserable in your current profession … [Read More...]

Pursuing a Healthcare Career

Should You Go Back to School Online? If you dream of working in the healthcare industry, you can study for a degree that allows you to pursue many career … [Read More...]

How to Pick the Right University so You Can Get the Career You Want

Whether you’re getting ready to finish school and are thinking about your next options, or have been in the workforce for years but want to change careers, it’s … [Read More...]

Hard Day’s Work: 4 Ways to Prepare for Working a Construction Job

Working a construction job is a great way to apply your skills, stay fit, and enjoy a solid income. But it can also be dangerous if you aren't properly … [Read More...]

Pursuing a Healthcare Career

If you dream of working in the healthcare industry, you can study for a degree that allows you to pursue many career options. Instead of getting your education in a traditional classroom, you can earn your degree online through an accredited program. Here are some of the main reasons why you might consider earning your healthcare degree online.

January Unemployment Almost “Record Setting”

Seasonally Adjusted Unemployment RateJanuary Unemployment is almost record setting… but not for the reason you might think.

On Friday February 2nd the U.S. Bureau of Labor Statistics (BLS) released their monthly employment survey results for the month of January. According to the BLS the Seasonally Adjusted U-3 Unemployment Rate for January is unchanged for the almost record setting 4th month in a row. That’s right from October through January the Seasonally Adjusted Unemployment rate has been 4.1%.  This is a very low level and we really don’t expect it to get too much lower but the interesting part is that the unadjusted U-3 was 3.9% from October through December (resulting in the adjusted rate being 4.1%) but then in January the unadjusted rate jumped to 4.5% (a 0.6% increase) and the adjusted U-3 remained the same at 4.1%. This is because typically January sees an uptick in unemployment as all the seasonal employees get laid-off. So we would expect some sort of uptick in unadjusted unemployment rate. But because the Seasonally Adjusted U3 was unchanged for the month the current increase in the unadjusted U-3 was actually no greater or less than normal. See Current Unemployment Chart for more info.

U-6 Unemployment

U6 2016 vs 2017Over the same period, Unadjusted U-6 unemployment which is a broader measure of Unemployment including discouraged workers, climbed steadily.

It was 7.6% in October, then 7.7% in November, then 8.0% in December, and finally 8.9% in January.

This is still significantly better than a year ago when in November 2016 Unadjusted U-6  was 9% and had climbed to 10.1% by January 2017.

See Unadjusted U-6 unemployment for more info.

Employment

Historical EmploymentOver the last month, the actual number of people working (not seasonally adjusted) has decreased by [Read More…]