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Audiologist Degree

Unemployment Rate Falls Contrary to Economist’s Projections

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13.3% Unemployment

The U.S. Bureau of Labor Statistics (BLS) released its employment / unemployment report for May on June 5th.

COVID-19 Unemployment Decreases as People Return to Work

  • Unadjusted U-3 was Down from 14.4% to 13.0%.
  • Adjusted U-3 was Down from 14.7% to 13.3%.
  • Unadjusted U-6 was Down from 22.4% to 20.7%.
  • Labor Force Participation rose from 60.2% to 60.8%.
  • Unadjusted Employment rose by approx. 2.9 million jobs.

Civilian Unemployment

Economists were predicting another stairstep increase in unemployment in May. According to a CNBC article “Economists surveyed by Dow Jones had been expecting payrolls to drop by 8.33 million and the unemployment rate to rise to 19.5% from April’s 14.7%.”

Instead, Unemployment fell to 13.3% and payrolls rose by 2.9 million making the “experts” wrong by roughly 11 million.

Civilian Unemployment

According to the Commissioner of the U.S. Bureau of Labor Statistics:

“Nonfarm payroll employment increased by 2.5 million in May, and the unemployment rate declined by 1.4 percentage points to 13.3 percent. These improvements in the labor market reflected a limited resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) pandemic and efforts to contain it.
      
In May, employment rose in several major industry sectors, with the largest gains in leisure and hospitality, construction, education and health services, and retail trade. By contrast, employment in government continued to decline sharply.”

Of course, he is talking about “Seasonally Adjusted Jobs” from the “Current Population Survey (CPS)”
rather than looking at the results reported by actual companies in their “Current Employment Statistics survey (CES)”

But looking at the CES report we see…
Originally the BLS reported 131.071 million jobs for April and then they subtracted 660,000 jobs from that estimate.
So currently they are saying 130.411 million jobs for April and 133.342 million jobs for May which is actually an increase of  2.271 million jobs compared to what they originally reported last month. Or 2.931 million jobs based on their current estimates of April’s employment.

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Would an Audiology Degree Be Good For Me?

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Audiology an Inspiring Career Choice

Audiology is an ideal profession for those who want to make a difference in people’s lives. Audiologists deal with hearing loss, hearing disorders, and balance disorders related to the ear. They also work to prevent hearing loss. An audiologist degree allows you to help restore the ability to communicate, which is an exciting and very fulfilling way of changing people’s lives for the better.

Would an Audiology Degree Be Good For Me?

Audiology is a great career for an individual with the right qualities. Do you enjoy talking with people? Are you a good listener as well? Are you good at noticing non-verbal clues when people talk to you? Do you do your work very accurately? Do you communicate well? Are you good at taking tests? Do you consider yourself a problem solver? Are you patient? Do you have compassion for others? Lastly, and most importantly, are you able to attend school for quite a few years? These are important factors in determining whether becoming an audiologist is right for you.

Audiologist Degree Online

What Do Audiologists Actually Do?

As licensed medical professionals, audiologists work with people who have hearing disorders, and sometimes balance problems related to their hearing difficulties. They conduct tests and use diagnostic equipment to evaluate the patient’s level of hearing loss and try to determine its cause. Upon diagnosing the hearing problem, the audiologist will determine how to treat the disorder and create a plan for treatment. After testing to determine the type and the severity of the hearing loss, an audiologist can fit and dispense hearing aids and educates the recipient about using the hearing aids. Audiologists also work with cochlear implant patients, fitting the implants, tuning them, and providing the rehabilitation patients need to help them adjust to hearing with the implants.

What Kind of Work Environment do Grads with an Audiology Degree have?

Audiology Degree graduates usually work in [Read more…] about Would an Audiology Degree Be Good For Me?