Today’s Headlines

Job Transition: 4 Keys to Starting a Career in a New Field

Job transitions can happen due to a number of factors. You may need to look for a field that rewards you better in terms of remuneration, your company may have … [Read More...]

Manufacturing Jobs Soar Under Trump

On Friday December 8th the U.S. Bureau of Labor Statistics (BLS) released their monthly employment survey results for the month of November. According to the … [Read More...]

Moving on After Being Laid Off: How to Gain Back Confidence

Getting laid off can be a traumatic experience. If you have found yourself in this situation, you could be wondering what you can do to restore your confidence. … [Read More...]

5 Tips for Starting Your Own Moving Company

Starting up your own moving company can be a great way to make a good living and to finally work for yourself. However, to ensure your success, you have to make … [Read More...]

Manufacturing Jobs Soar Under Trump

It is interesting to note that although they didn’t mention Trump specifically, this month’s BLS Commissioner’s report used these exact words, “Since a recent low in November 2016, manufacturing employment has increased by 189,000.”

Manufacturing Jobs Soar Under Trump

Seasonally Adjusted Unemployment RateOn Friday December 8th the U.S. Bureau of Labor Statistics (BLS) released their monthly employment survey results for the month of November.

According to the BLS the Unemployment for November is virtually unchanged from October to November on both an Unadjusted and Seasonally Adjusted basis. Seasonally Adjusted U-3 was 4.1% for both months while Unadjusted U-3 was 3.9% for both months. Unadjusted U-6 unemployment which is a broader measure of Unemployment rose slightly from 7.6% in October to 7.7% in November. This is still significantly better than a year ago when in November 2016 Unadjusted U-6  was 9%.

Unemployment

Over the last month, the actual number of people working has increased by 532,000  and the civilian non-institutional population (a fairly narrow measurement of population) has increased by a very low 183,000.

This means that not only has the increase in jobs kept up with the increase in the population but it was actually almost 3 times greater than the population growth! And since only about half of the population is working, job growth has far exceeded the level needed to keep things on a steady keel.  See: Current Unemployment Rate Chart for more info.

Employment

Historical Employment ChartEmployment was 147,975,000 in October (148,006,000 when the numbers were originally released in November) and the current numbers for employment are 148,507,000 in November for a net gain of 501,000 over the original October numbers or 532,000 increase over the new October numbers.

See Employment Commentary.

 

Although unemployment rates are virtually unchanged the Employment numbers tell a slightly different story. According to [Read More…]