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.”

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.

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. […]

May Employment and Unemployment Numbers

The U.S.Bureau of Labor Statistics (BLS) released the May unemployment numbers today. The BLS Commissioner says: Nonfarm payroll employment increased by 138,000 in May, but these are Seasonally Adjusted numbers. So since typically employment increases in May, what he is saying is that 138,000 more jobs than average were created. In unadjusted terms employment was 145.938 […]

Tips for Coping with Unemployment

Unemployment is tough, not only are there financial repercussions, but there are psychological ones as well. But it is important to act quickly to minimize the negative impact on both yourself and anyone who is depending on you.

New Unemployment Numbers- February

On Friday March 10th the U.S. Bureau of Labor Statistics released their Employment and Unemployment numbers for February 2017. The media was making a big deal about these numbers because they represent the “First full month since Trump took office”.
The numbers turned out to be moderately “Bullish” although the Commissioner’s statement said, “Total nonfarm payroll employment increased by 235,000 in February, and the unemployment rate was little changed at 4.7 percent. Employment gains occurred in construction, private educational services, manufacturing, health care, and mining.”
Now, I’m not complaining… gaining 235,000 jobs is certainly better than losing them but what’s the big deal? Well, first of all, the big deal is that

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.