October Unemployment Rate Down Again

On Friday November 3rd the U.S. Bureau of Labor Statistics (BLS) released their monthly employment survey results for the month of October. According to the BLS, the current “Seasonally Adjusted” Unemployment Rate for October is 4.1% DOWN from 4.2% in September and 4.4% in August. Seasonally Adjusted U-3 unemployment was 4.8% in January and 4.9% a year ago (October 2016). The current “Unadjusted” rate is 3.9% down from 4.1% in September and 4.5% in August. Unadjusted U-3 was 5.1% in January and 4.7%  a year ago (October 2016).

BLS Releases October Employment Figures

According to the latest U.S. Bureau of Labor Statistics (BLS) data release on November 6th the U-6 Unemployment Rate for October was 9.5%. The current “Seasonally Adjusted” U-3 Unemployment Rate for October is 5.0% down from September’s 5.1% The employment situation for the month of October 2015 was as follows: The number of Unadjusted jobs reported for October 2015 was 143.739 million. That was up from June’s previous peak of 142.836 million.

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%.

Unemployment and Employment Charts

Unemployment Rate Chart – The seasonally adjusted unemployment rate from 1948 to the present is one of the most watched statistics. Where is it now and should you trust it? Current U-6 Unemployment Rate– Many people consider the U-6 the “real” unemployment rate. See where it is now. Current Employment Data – How many jobs are there […]

What is Full Employment?

What exactly is full employment and why is it significant to economists?

Employment vs. Unemployment

Employment – Unemployment Employment vs. unemployment… You would think that they are two sides of the same coin. But when it comes to government stats they may not be. The government uses two entirely different surveys to calculate Employment and Unemployment and as we will see since 2010 they have started to paint entirely different pictures. […]

The Difference a Degree Makes in Unemployment Levels

The Difference a College Degree Makes We’re always told by our parents that we need a good education in order to get a good job. And that we will make more money if we have a good education. But these days we hear of unemployed college graduates camping out in New York city and protesting Wall Street […]

Teen Employment Rate Plunges

Only 1 in 4 Teens is Employed Teenage employment rates have averaged around 45% since the 1950’s but since 2000 the teenage employment rate has plummeted. Currently less than 25% of teenagers can find a job. But don’t worry the government has a plan to create 50,000 new jobs… So what is this magic plan you […]

Almost 1 Million Unemployed Show up for 50K McDonald’s Jobs

Recently McDonald’s decided to have a mass hiring of 50,000 new employees for it’s US based hamburger restaurants some of which will be full-time and some part-time. They actually ended up hiring 62,000 new employees as a result of all the applications they received. Because many of the restaurants are owned by franchisees the wages are not controlled by […]

Unemployment Rate in OECD Countries Falls in February

OECD unemployment rate records fourth consecutive fall at 8.2% in February The OECD area unemployment rate fell again in February 2011 to 8.2%, down 0.1 percentage point from January. This was the fourth consecutive decrease, following a period of stability of around 8.5% throughout most of 2010. New March 2011 data show further declines of […]