Unemployment Extension News
News Update: August's National unemployment figures were released today, they are showing no change in unemployment nationwide:
3.7%
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9/2/2019: in September of 2019 : President Trump questions the merit of GM's decision to manufacture in China. Share of the unionized labor force steadily decreased from 16.1 million (12.5%) in 2008 to 14.7 million (10.5%.) Both employee productivity and average wages improved by 14%, while the Consumer Price Index grew by 16.6% since the recession. Economists argue that instead of flat rate Minimum Wage, we should use a geography-specific rate reflecting the local cost of living. The new number of unemployment benefits claims rose by 4,000, to reach 215,000. The four-week moving average is flat at 214,500. Insured unemployment increased by 22,000 to reach 1.70 million.
8/25/2019: in August of 2019 : The Department of Labor overstated the job gains in the past 12 months by 500,000. This means the job growth last year was not as strong as was previously reported. Overheated stock markets are likely to cause the next recession expected to start in the mid-next year. A new study showed that despite popular beliefs, seniors - age 65 and older - might be outstanding and profitable employees. The number of unemployment claims declined by 12,000, to reach a total of 209,000. New jobs were mainly created in TN. The four-week moving average is flat at 214,500. Insured unemployment decreased by 54,000 to reach 1.67 million.
8/18/2019: in August of 2019 : US economists predict a recession in mid-2020. The $15 per hour minimum wage bill is officially dead. Due to the increasingly limited accessible US talent pool, many high-tech jobs are moving to Canada. The highest wage increases took place in Information +6.5%, Retail +5.3% and Mining +4.9%. The slowest wage increases are in Education +1.7%, Utilities +2.1% and Manufacturing of Non-Durable Goods +2.2%. In the past 12 months, Education added +625,00 and Services +473,000 new jobs, while Retail lost -153,000 jobs. The new number of claims rose by 9,000 to 220,000. The four-week moving average increased by 1,000 to 213,750. Insured unemployment rose by 39,000 to 1.73 million.
8/11/2019: in August of 2019 : US manufacturing shows signs of slowdown while well-paid professional jobs keep on growing in demand in part due to more restrictive immigration policies. A new study showed that 4-day workweek benefits employers through improved productivity and quality of work, while employees reported a significant improvement in the quality of life. Many companies embrace unlimited vacations since they significantly decrease employer liability during separation with employees. The new number of unemployment benefits claims decreased by 8,000, to reach a total of 209,000. The four-week moving average is flat at 212,250. Insured unemployment fell by 15,000 to reach 1.68 million.
8/2/2019: in August of 2019 : July's national unemployment rate remains unchanged at 3.7%. US Employers added 164,000 new jobs: +66,000 Healthcare, Professional Services +38,000, Financial Services +18,000, and Manufacturing +16,000, while Mining lost -5,000 and Information Industry -10,000 jobs. March's hourly rate is $27.98 - an increase of 8 cents since last month and 3.2% in the past 12 months. Wage growth hasn't improved in the past 24 months. The US labor force participation rate increased to 63.0% - no improvement in the past 36 months. The weekly unemployment claims increased by 8,000, to 215,000. The four-week moving average declined by 1,750, to reach 211,500. Insured unemployment rose by 22,000 to reach 1.70 million.
7/28/2019: in July of 2019 : The US economy is in unchartered territories of low unemployment, low-interest rates and all-time high stock prices. The US trade wars may soon result in higher unemployment. Homeownership is out of reach for many first-time homebuyers with a median age at an all-time high of 46 years old. The unemployment is at a historically lowest rate in 9 states VT at 2.1%, ND at 2.3%, IA at 2.4%, ME at 3.2%, TX at 3.4%, AL, AR and NJ at 3.5%, and PA at 3.8%. All but DC and AK are at full employment. The number of unemployment benefits declined by 10,000, to reach a total of 206,000. Jobs were mainly added in NY, PA, and TX. The four-week moving average decreased up by 5,750, to reach 213,000. Insured unemployment decreased by 13,000 to reach 1.68 million.
7/21/2019: in July of 2019 : Top 25 metro areas represent more than half of the US economy, while US debt is at a record high level of $69 trillion. A new study showed that on average post-divorce males and females experience a significant decline in quality of life - a 50% drop for women and 25% for men. Ikea will relocate its manufacturing to Europe due to the high cost of raw materials in the US. The new number of unemployment benefits claims rose by 8,000, to reach a total of 216,000. Job losses took place in NY, MI, and KY in Transportation and Manufacturing. The four-week moving average is flat at 219,000. Insured unemployment declined by 42,000 to reach 1.69 million.
7/14/2019: in July of 2019 : A new study showed that age discrimination prevents retired or approaching retirement workers from getting interviews for retail and service jobs due to excessive scrutiny during their background check. The US politicians are in consensus that an increase in the federal minimum wage to $15 will likely hurt the employment market. Wage growth is still significantly behind the growth of other economic metrics most likely due to labor-saving technologies affecting multiple industries. The new number of unemployment claims decreased by 13,000 to 209,000. The four-week moving average declined by 3,250, to reach 219,250. Insured unemployment rose by 27,000 to reach 1.72 million.
7/5/2019: in July of 2019 : June's national unemployment rate increased to 3.7% - up 0.1%. US Employers added 224,000 new jobs. The US labor force participation rate increased to 62.9% but remains 3.3% lower pre-recession rate. The weekly unemployment claims decreased by 8,000, to 221,000. The four-week moving average is flat. Insured unemployment decreased by 8,000 to reach 1.69 million.
7/1/2019: in July of 2019 : Economists expect an estimated 200,000 jobs growth in July of 2019. The GDP - a vital economic indicator - is expected to grow at a healthy annualized rate of 2%-3% for the remainder of the year. The unemployment rate will likely decrease further to 3.4%. Historically, short-term rates exceeding long-term interest rates predicted recessions, although it is unclear if this will be the case this time around since many other indicators eventually stopped predicting recessions. The new number of unemployment benefits claims increased by 10,000, to reach 227,000. The four-week moving average rose by 2,250, to 221,250. Insured unemployment increased by 22,000 to reach 1.69 million.
6/23/2019: in June of 2019 : The 50-year tightest employment market makes it increasingly challenging for employers to find workers. Still, the word "Recession" is increasingly a theme among scholars and politicians. A new study named Quinnipiac, Augustana and Ohio Northern Universities as the best US colleges to guarantee post-graduation employment. The unemployment rates are at a historically lowest point in 9 states with VT at 2.1%, ND at 2.3%, IA at 2.4%, WI at 2.8%, TX at 3.5%, AR at 3.6%, AL at 3.7%, PA 3.8%, and KY at 4.0%. MS, NM, DC and AK are the only states currently experiencing high unemployment. The number of unemployment benefits claims fell by 6,000, to reach a total of 216,000. The four-week moving average increased by 1,000, to reach 218,750. Insured unemployment decreased by 37,000 to reach 1.66 million.
6/16/2019: in June of 2019 : A new study has shown that workforce discrimination may cause mental and physical health problems. Many international students have had their internship job offers rescinded due to visa restrictions and delays. The current labor force participation rate is at 62.8% or 3.4% lower than the pre-recession rate of 66.2%. It has not improved or recovered in the past 11 years. The new number of unemployment benefits claims rose by 3,000, to reach a total of 222,000. The four-week moving average increased by 2,500, to reach 217,750. Insured unemployment increased by 2,000 to reach 1.70 million.
6/9/2019: in June of 2019 : May's national unemployment rate remains unchanged at 3.6% - the lowest level since 1969. US Employers added 75,000 new jobs: Professional Services +33,000, +27,000 Healthcare, Hospitality +26,000, while Retail lost -8,000 jobs. May's hourly rate is $27.83 - an increase of 6 cents since last month and 3.1% in the past 12 months. The US labor force participation rate decreased to 62.8%. The weekly unemployment claims remain unchanged at 218,000. The four-week moving average declined by 2,500, to reach 215,500. Insured unemployment increased by 20,000 to reach 1.68 million.
6/2/2019: in June of 2019 : US economy is booming. The consumer price index increased 2% in the past 12 months, while GDP rose 3.1% during the same period. Beer brewery industry lost 40 thousand jobs in the past two years due to the higher cost of aluminum packaging. Almost 18% of all US employees are first-generation immigrants. California passed a new AB5 law, which will make it more difficult for companies like Uber to use independent contractors. The number of new unemployment benefits claims rose 3,000, to reach a total of 215,000. The four-week moving average decreased by 3,750, to reach 216,750. Insured unemployment fell by 26,000 to reach 1.66 million.
5/27/2019: in May of 2019 : Many Americans believe the US strong economy works only in favour of rich and powerful. A new study revealed prolonged unemployment might result in mental decline. The economy is at full employment. Why don't we see escalating levels of inflation? The only reasonable explanation could be understated unemployment rates. In the past couple of years, the unemployment rate has been the lowest in US history for Hispanics and African Americans. The number of unemployment applications decreased by 1,000 to reach 221,000. The four-week moving average fell by 4,750 to 220,250. Insured unemployment rose by 12,000 to reach 1.68 million.
5/12/2019: in May of 2019 : A new study showed the unemployment rate is 3% to 11% higher for employees without a university degree than for those with one. Taxi driving, logging and reporting are deemed the worst jobs in the US. Economists are divided in their opinion if tariffs on China will further improve or depress the employment market. For the first time in the past century, life expectancy is on the decline mainly due to suicide, chronic illness and drug overdose. The new number of unemployment benefits claims decreased by 2,000, to reach a total of 228,000. The four-week moving average increased by 7,750, to reach 220,250. Insured unemployment grew by 13,000 to reach 1.68 million.
5/5/2019: in May of 2019 : April's national unemployment rate decreased to 3.6% - the lowest level since December of 1969. US Employers added 263,000 new jobs. The US labor force participation rate decreased to 62.8%. The weekly unemployment claims remain unchanged at 230,000. The four-week moving average rose by 6,500, to reach 212,500. Insured unemployment increased by 17,000 to reach 1.67 million.
4/28/2019: in April of 2019 : US economy exhibits strong GDP growth, booming stock markets, and increasing wages. The unemployment rates are at a historically lowest point in 9 states: ND and VT at 2.3%, IA at 2.4%, WI at 2.9%, SC and TN at 3.2%, AL at 3.7%, PA at 3.9%, and KY at 4.0%. All but NM, WV, DC, and AK are at full employment. The US central bank is likely to keep the rate at current 2.5%. The number of unemployment benefits claims rose by 37,000 (the most significant increase in 1.5 years), to reach a total of 230,000. Jobs were mainly lost in MA, CA, and CT. The four-week moving average climbed up by 4,500, to reach 206,000. Insured unemployment increased by 1,000 to reach 1.66 million.
4/23/2019: in April of 2019 : A new study by the Trade Commission suggests an updated NAFTA agreement will create additional 176,000 US jobs. US supreme court to decide if LGBT people will be protected by the Civil Rights Act that prohibits sex discrimination. The number of unemployment benefits claims declined by 5,000, to reach a total of 192,000 - the lowest level since Sep 1969. New jobs were mainly created in TN. The four-week moving average fell by 6,000, to reach 201,250 - the lowest level since Nov 1969. Insured unemployment decreased by 63,000 to reach 1.65 million.
4/14/2019: in April of 2019 : On average, US women earn about 80% of their male counterparts. The most impacted by gender gap are Hispanic females with -47% lower pay, followed by Native Americans with -43%, and Black women with -39%. A new study revealed that opioid problems cost the US approximately $40B per year in lost tax revenue. The increasingly strong US labor market forces many employers to compete for foreign workers, particularly for summer help. Feds have increased the annual visa limit, but many employers are concerned the extension won't be adequate. The new number of unemployment benefits claims declined by 8,000, to reach a total of 196,000 - the lowest level since Oct 1969. The four-week moving average decreased by 7,000, to reach 207,000 - the lowest level since Dec 1969. Insured unemployment fell by 13,000 to reach 1.71 million.
4/7/2019: in April of 2019 : March's national unemployment rate remains unchanged at 3.8%. US Employers added 196,000 new jobs: +70,000 Healthcare, Professional Services +37,000, Hospitality +33,000, and Construction +16,000, while Retail lost -12,000 and Manufacturing -6,000 jobs. March's hourly rate is $27.70 - an increase of 10 cents since last month and 3.2% in the past 12 months. Wage growth is accelerating attracting more workers into the labor force, which in turn prevents faster growth. The US labor force participation rate decreased to 63.0%. The weekly unemployment claims decreased by 10,000, to 202,000 - the lowest level since December 1969. The four-week moving average declined by 4,000, to reach 213,500. Insured unemployment decreased by 38,000 to reach 1.72 million.
3/31/2019: in March of 2019 : US consumer price index increased +1.5% in the past 12 months, while the real national GDP rose an estimated +2.2%. Year-over-year, Materials, Energy, Real Estate, and Consumer Discretionary sectors are in decline. Healthcare is the only industry that is expected to grow in 2019. Traditional brick and mortar companies are still the largest US employers. Thirteen percent of US companies don't make enough money to cover their expenses. This number increased by +1% since 2016. The new number of claims decreased by 5,000 to 211,000 mostly due to job gains in OK and PA. The four-week moving average increased by 3,250 to 217,250. Insured unemployment increased by 13,000 to reach 1.76 million.
3/24/2019: in March of 2019 : A new study revealed that almost 50% of all Americans feel lonely and lack meaningful social relationships. US home sales improved by +12% following a sharp decline in mortgage rates since 2018. The percent of the US working population age 25 to 54 has finally reached the pre-recession level. The unemployment rate for Gulf War veterans declined to 3.8%. Current unemployment rate for workers with a disability is 8.7%. The number of unemployment claims decreased by 9,000 to reach 221,000. The four-week moving average increased by 1,000 to 225,000. Insured unemployment fell by 27,000 to reach 1.75 million.
3/18/2019: in March of 2019 : A new study showed that rebuilding a mental attachment to your work in the morning is essential for improved productivity and boosted engagement during the day. Over 3 million Americans are working in the fastest growing Green Energy sector of the US Economy. In the wake of the longest running stretch of US economic growth, analysts voice mounting concerns about a potential recession in 2020. The new number of unemployment benefits claims increased by 6,000, to reach a total of 229,000. The four-week moving average decreased by 2,500, to reach 223,750. Insured unemployment grew by 18,000 to reach 1.78 million.
3/10/2019: in March of 2019 : February's national unemployment rate decreased to 3.8%. US Employers added 20,000 new jobs: Professional Services +42,000, Wholesale +11,000, and Healthcare +4,000, while Construction lost -31,000 jobs, mainly due to unusually generous snowfalls throughout February. The overall consensus is that the job market is slowing down, and we will not see significant improvements in the labor market in 2019. Hourly rates increased 11 cents in February at an annualized growth rate of 3.4% - the sharpest growth in a decade. The US labor force participation rate remains flat at 63.2%. The weekly unemployment claims decreased by 3,000, to 223,000. The four-week moving average declined by 3,000, to reach 226,250. Insured unemployment fell by 50,000 to reach 1.76 million.
3/3/2019: in March of 2019 : February's national unemployment rate forecast is 3.9% with approximately 250,000 new jobs created by US employers. Some economists predict an economic slowdown with annual GDP growth falling below 2% in 2019. Bernie Sanders promotes raising the minimum wage to $15. New immigration policies have made it more difficult to bring new workers to the US. However, the overall effect of this measure on the US economy is immaterial since this program involves only about 300,000 foreign employees or 0.2% of the US labor force. The number of unemployment claims increased by 8,000 to reach 225,000. The four-week moving average decreased by 7,000 to 229,500. Insured unemployment rose by 79,000 to reach 1.81 million.
2/24/2019: in February of 2019 : While large US cities are struggling to find hourly workers due to lack of affordable housing and public transportation, smaller towns are struggling from unemployment. It is currently unclear how to bridge these two worlds and connect employees with opportunities. New research showed that a relatively small group of elite professionals enjoys rising wages while the rest of the population sees limited wage increases and no opportunities to advance in their career. The new number of unemployment benefits claims decreased by 23,000, to reach a total of 216,000. The four-week moving average increased by 4,000, to reach 235,750 - the highest level in the past 12 months. Insured unemployment decreased by 55,000 to reach 1.73 million.
2/18/2019: in February of 2019 : Women`s labor participation rate has been in decline since the pre-recession level of 59.4% (currently -2.6% lower -2.7% for White, -2.3% for Black, -2.8% for Asian, and -0.3% for Hispanics). Gender discrimination might be one of many causes. Employees are increasingly working from home. New research showed that an average employee spends about 16 hours per week working from home. Last year the US economy lost 8,000 jobs in the solar energy sector. The new number of unemployment benefits claims rose by 4,000, to reach a total of 239,000. The four-week moving average increased by 6,750, to reach 231,750. Insured unemployment increased by 37,000 to reach 1.77 million.
2/10/2019: in February of 2019 : A new study predicts a loss of up to 1 million jobs as a result of the US-China trade war. US Government launched a new program that could pay off up to $75,000 in student loans. January`s average hourly rate is $27.48, an increase of +3.2% since January of 2018. Highest year-over-year wage increases are in Information +7.3% and Retail +4.9%. The slowest growth of +0.4% is in Nondurable Goods. The lowest unemployment rates are in Finance, Healthcare and Government. The new number of claims fell by 19,000 to 234,000 - mainly due to the end of the government shutdown. The four-week moving average rose by 4,500 to 224,750. Insured unemployment decreased by 42,000 to reach 1.74 million.
2/3/2019: in February of 2019 : January's national unemployment rate increased to 4.0% but mostly stagnated in 2018 with just a marginal improvement of 0.1% in the past 12 months. US Employers added 304,000 new jobs: +74,000 Hospitality, +55,000 Healthcare, Construction +52,000, Professional Services +30,000, Transportation +27,000, and Retail +21,000. Hourly rates increased 3 cents in January at an annualized growth rate of 3.2%. The US labor force participation rate increased to 63.2% (best since March 2014). A new study suggests that thank you at work often beats cash. The weekly unemployment claims increased by 53,000, to 253,000 (mostly due to the government shutdown). The four-week moving average rose by 5,000, to reach 220,250. Insured unemployment rose by 69,000 to reach 1.78 million - the highest level since April 2018.
1/27/2019: in January of 2019 : A new study showed that minorities and younger employees are more likely to be misplaced by AI and automation. The median net worth of Americans declined by 40% in the past 10 years. To overcome a shortage of delivery drivers, Walmart will be increasing average pay to $87,500. The new number of unemployment benefits claims decreased by 13,000, to reach a total of 199,000 - the lowest level since November of 1969. The four-week moving average fell by 5,500, to 215,000. Insured unemployment declined by 24,000 to reach 1.74 million.
1/20/2019: in January of 2019 : A new study showed that maintaining a broad network of advisers and door-openers is crucial for career success. US state unemployment rates are at the historical lowest point in IA at 2.4%, ID at 2.6%, SC at 3.3%, TX at 3.7%, NY at 3.9%, WA at 4.3%, and AK at 6.3%. An increasing number of employers implement programs and offer treatment plans to help workers struggling with opioid problems. This is a significant shift in attitude dominated employers` thinking just 2-3 years ago. The new number of unemployment benefits claims decreased by 3,000, to reach a total of 213,000. The four-week moving average fell by 1,000, to reach 220,750. Insured unemployment rose by 18,000 to reach 1.74 million. Currently, there are 4.2 million unemployed including 1.3 million long-term unemployed.
1/13/2019: in January of 2019 : The US is in 10th straight months of more job openings than job seekers. A recent study showed that as many as 60% of all employees of 50 years or older are regularly squeezed out of their jobs and only about 10% of them are able to restore the pre-job loss earnings. Continually refreshed skills and a track record of developing young talent have been proven to be efficient mitigation strategies. September's average hourly rate is $27.48 - an increase of +3.2% in the past 12 months. The highest monthly gains were in Information $0.29 and Retail $0.21. The least increased wages were in Mining and Transportation $0. The current unemployment rate among high school graduates is 3.8%, associate degree 3.3%, and a bachelor's degree 2.1%. The new number of claims declined by 17,000 to 216,000. The four-week moving average increased by 2,500 to 221,750. Insured unemployment decreased by 28,000 to 1.72 million.
1/6/2019: in January of 2019 : December's national unemployment rate increased to 3.9%. Economist expects an additional 0.4%-0.5% unemployment rate decrease in 2019. US Employers added 312,000 new jobs: +82,000 Healthcare, Hospitality +55,000, Professional Services +43,000, Construction +38,000, Manufacturing +32,000, and Retail +24,000. Hourly rates increased 11 cents (above average) since November at an annualized growth rate of 3.2% (average). December rate increase might be the first sign of expected wage growth. The US labor force participation rate increased to 63.1% (15-month high). The weekly unemployment claims increased by 10,000, to 231,000. The four-week moving average declined by 500, to reach 218,750. Insured unemployment rose by 32,000 to reach 1.74 million.
12/25/2018: in December of 2018 : A new study showed that selective colleges are still an essential driver of economic mobility and career success. Women are severely underrepresented in AI occupation with only about 20% of female workers being employed in this field. The unemployment rate is at the historical lowest point in IA at 2.4%, ID at 2.6%, MO at 3.0%, SC at 3.3%, TX at 3.7%, NY at 3.9%, CA at 4.1%, WA at 4.3%, and AK at 6.1%. Percent of 65+ years of age filing for bankruptcy increased by nearly 300% and is at an all-time high of 2.8%. The new number of unemployment benefits claims increased by 8,000, to reach a total of 214,000. The four-week moving average fell by 2,750, to reach 222,000. Insured unemployment rose by 27,000 to reach 1.69 million. Currently, there are 4.2 million unemployed including 1.3 million long-term unemployed.
12/17/2018: in December of 2018 : A new study revealed that women are less likely to apply for jobs that suggest above average intellectual abilities. Tightening labor market forces employers to offer benefits to temporary workers. November's average hourly rate is $27.35, an increase of +3.1% since November of 2017. The highest wage increases are in Information +4.8% and Transportation +3.8%. The slowest wage increase is in Manufacturing +1.9%. The new number of claims decreased by 27,000 to 216,000. The four-week moving average fell by 3,750 to 224,750. Insured unemployment increased by 25,000 to 1.66 million.
12/11/2018: in December of 2018 : November's national unemployment rate remains unchanged for the third consecutive month at 3.7%. US Employers added 155,000 jobs: +34,000 Healthcare, Professional Services +32,000, Manufacturing +27,000, Warehousing +25,000, Retail +18,000, while Information lost -8,000, Government -6,000, and Mining -3,000 jobs. Hourly rates increased 6 cents (below average) since October at an annualized growth rate of 3.1%. The US labor force participation rate remains unchanged at 62.9%. There are some credit card delinquencies concerns, and lenders might be preparing for an upcoming economic downturn. The weekly unemployment claims decreased by 4,000, to 231,000. The four-week moving average increased by 4,250, to reach 228,000. Insured unemployment declined by 74,000 to reach 1.63 million.
12/2/2018: in December of 2018 : The Fed recommends putting any further interest rate hikes on halt due to a potential risk of recession. Many international high-tech students are now opting out from studying in the US and instead enroll in Canada and the UK. The new employment data will be released on Friday. An increasing number of employers no longer conduct in-person interviews and instead opt out for AI automated screening. Some argue this may speed up the interviewing process. The new number of unemployment benefits claims rose by 10,000, to reach a total of 234,000. The four-week moving average increased by 4,750, to 223,250. Insured unemployment increased by 50,000 to reach 1.71 million.
11/25/2018: in November of 2018 : A new study revealed that over the past decade, large US cities were the major contributors to jobs creation, while rural areas on average maintained jobs at 2008 level at best. Historically lowest unemployment rates in October: IA at 2.4%, ID 2.7%, MO 3.1%, SC 3.3%, AR 3.5%, TX 3.7%, OR 3.8%, NY 4.0%, CA 4.1% and WA at 4.3%. All but LA, WV, DC, and AK are down to structural unemployment, i.e., employers are unable to find the skills they need. The new number of unemployment benefits claims rose by 3,000, to reach a total of 224,000. The four-week moving average increased by 2,000, to reach 218,500. Insured unemployment fell by 2,000 to reach 1.67 million.
11/18/2018: in November of 2018 : Many US retailers are struggling to find employees for the upcoming holiday season. Some are hiring staff just after one phone interview. A new study confirmed the US tax cuts executed by Trump administration mostly benefited the wealthiest investors and had an insignificant effect on the overall economy and employment in particular. The new number of unemployment benefits claims rose by 2,000, to reach a total of 216,000. The four-week moving average increased by 1,500, to reach 215,250. Insured unemployment increased by 46,000 to reach 1.68 million.
11/11/2018: in November of 2018 : Due to a labor force skills gap, US employers are unable to fill 7 million job openings. Recent research showed that workers feel happiest when their bosses check in to see how they are doing. The current average hourly rate is $27.30, an increase of +3.1% since October of 2017 (or +0.9% when adjusted for inflation). During the same period, the real national GDP grew by an estimated +4.1% (i.e., more beneficial for business owners vs. employees). The new number of unemployment claims decreased by 1,000 to 214,000, mostly due to new jobs in KY in manufacturing and transportation. Insured unemployment declined by 8,000 to reach 1.62 million - the lowest level since July 1973.
11/4/2018: in November of 2018 : October's US unemployment rate remains unchanged at 3.7%. Employers added 250,000 new jobs: Healthcare +44,000, Hospitality +42,000, Professional Services +35,000, Manufacturing +32,000, Construction +30,000, and Transportation +25,000. Not a single industry lost jobs. Hourly wages increased by +5 cents since September and 3.1% in the past 12 months. The labor participation rate slightly increased to 62.9%. The weekly claims for unemployment benefits declined by 2,000, to 214,000. The four-week moving average increased by 1,750, to reach 213,750. Insured unemployment decreased by 7,000 to reach 1.63 million - the lowest level in the past 45 years.
10/28/2018: in October of 2018 : Could the US become next Germany for American Jews? A new study ascertained that San Francisco, Denver, and Austin are the top 3 cities for millennials. Country's retailers and manufacturers are eagerly hiring new employees and fighting for top talent albeit some caveats: long-term unemployed are still at a significant disadvantage. Underemployment remains a serious issue for recent college graduates. The booming space industry is struggling to find employees and unable to take jobs offshore due to national security concerns. The new number of unemployment benefits claims rose by 5,000, to reach a total of 215,000. The four-week moving average remains flat, at 211,750. Insured unemployment decreased by 5,000 to reach 1.64 million.
10/21/2018: in October of 2018 : For the first time since the great recession, the US economy is named the most competitive in the world. Employees and businesses directly affected by Hurricane Florence may be eligible for Disaster Unemployment Assistance. A recent study revealed that market competition is dying due to an excessive number of huge corporations in the US economy. The new number of unemployment benefits claims declined by 5,000, to reach a total of 210,000. New jobs were created in KY, NC, and MI in Manufacturing and Wholesale. The four-week moving average rose by 2,000, to reach 211,750. Insured unemployment fell by 13,000 to reach 1.64 million - the lowest level since August 1973.
10/14/2018: in October of 2018 : September's average hourly rate is $27.24, an increase of +2.8% since October of 2017. The highest wage increases took place in Information +4.5% and Retail +3.7%. The slowest wage increases are in Wholesale +2.1%, Healthcare +2.2% and Business Services +2.2%. Over the past 12 months, Business Services added 560,00 and Healthcare totaled 453,000 new jobs, while Information Services lost 17,000 jobs. The current unemployment rate among high school graduates is 3.7%, associate degree 3.2%, and a bachelor's degree 2.0%. The new number of claims rose by7,000 to 214,000. The four-week moving average increased by 2,500 to 209,500. Insured unemployment is at 1.66 million.
10/8/2018: in October of 2018 : September's national unemployment rate decreased to 3.7%, the lowest rate in half a century, while 55 years and older enjoy an even lower rate of 3.1%. US Employers added 134,000 new jobs: Professional Services +54,000, Transportation +24,000, Construction +23,000, Manufacturing +18,000, and Healthcare +18,000, while Retail and Hospitality lost -20,000 and -17,000 jobs respectively. Hourly rates increased 8 cents since August at an annualized growth rate of 2.8%. The US labor force participation rate declined to 62.7%. The weekly unemployment claims decreased by 8,000, to 207,000. The four-week moving average increased by 500, to reach 207,000. Insured unemployment declined by 13,000 to reach 1.65 million.
10/1/2018: in October of 2018 : September's national unemployment rate forecast is 3.8%. A new study confirmed that an increase in the minimum wages benefits businesses and the US economy. Provo, UT (Silicon Slopes) is the fastest growing tech employment metropolitan area. Sioux Falls, SD is the best city for young professionals to start their career. The new number of unemployment benefit claimants rose by 12,000 to reach 214,000 mainly due to job gains in CA and TX. Insured unemployment increased by 16,000 to reach 1.66 million.
9/23/2018: in September of 2018 : The US unemployment rates are at a historically lowest point: ID at 2.8%, AR at 3.6%, TX at 3.9%, ME at 2.9%, CA at 4.1%, and IL at 4.1%. All but WV, DC and AK are at full employment. The new number of unemployment benefits claims declined by 3,000, to reach a total of 201,000 - the lowest level since Nov 1969. New jobs were mainly created in NY, MI, and NJ in Transportation, Warehousing, and Manufacturing. The four-week moving average fell by 2,250, to reach 205,750. Insured unemployment decreased by 55,000 to reach 1.65 million - the lowest level since Aug 1973.
9/16/2018: in September of 2018 : August's average hourly rate is $27.16, an increase of +2.9% since August of 2017. Highest year-over-year wage increases are for cooks +10.5%, farm contractors +11.3, and Prosthodontists +13.3%. The slowest growth of +0.1% is for Postmasters and Office Support employees. Peoria, IL has the highest over-the-year wage increase of +23.8%. The new number of claims fell by 1,000 to 204,000 - the lowest level since December of 1969. The four-week moving average declined by 2,000 to 208,000. Insured unemployment decreased by 15,000 to reach 1.70 million - the lowest level since December of 1973.
9/9/2018: in September of 2018 : August's national unemployment rate remains unchanged at 3.9% with additional 201,000 jobs added by US employers: Professional Services +53,000, Healthcare +53,000, Construction +23,000, Wholesale +22,000, and Transportation +20,000, while Information and Retail lost -6,000 jobs each. Hourly rates increased 10 cents since July at an annualized growth rate of 2.9%. The US labor participation rate declined to 62.7%. The weekly unemployment claims decreased by 10,000, to 203,000 - the lowest level since December of 1969 as well as the four-week moving average, which fell by 2,750, to reach 209,500. Insured unemployment declined by 3,000 to reach 1.71 million.
9/3/2018: in September of 2018 : A recent study shows that despite the challenges faced by employers to find workers at the historically lowest unemployment rate, employees don't ask for a rase out of fear to be laid off. Corporate headcount reductions became one of the most commonly used mechanisms to decrease corporate costs. Gone are the days when employers discriminated against workers with tattoos. A new study conducted at the University of Miami discovered that employees with tattoos enjoy the same level of employment and compensation. The number of new unemployment benefits claims increased by 3,000, to reach a total of 213,000, mostly due to jobs losses in NY. The four-week moving average declined by 1,500, to reach 212,250 - the lowest level since December of 1969. Insured unemployment decreased by 20,000 to reach 1.71 million.
8/26/2018: in August of 2018 : A recent survey showed that American workers are less likely to relocate for a new job due to disparities in housing markets and family reasons. A federally-funded $1.7B/year Job Corps program delivers little to no results. Better educated parents spend 30 min/day more helping their children than their less educated counterparts. A current unemployment rate for workers with a disability is 10.5%. US home sales is 1.5% softer than one year ago. The number of unemployment claims decreased by 2,000 to reach 210,000. The four-week moving average declined by 1,750 to 213,750. Insured unemployment fell by 2,000 to reach 1.73 million.
8/19/2018: in August of 2018 : As businesses are facing historically low unemployment rate, many opt out to hiring high school students. The unemployment rates are at their historically lowest point in ID at 2.9% and CA at 4.2%. HI has the lowest rate of 2.1%. WV, DC, and AK are the only states with unemployment above 5%. The new number of unemployment benefits claims declined by 2,000, to reach a total of 212,000. New jobs were mainly created in PA in Transportation and Warehousing. The four-week moving average rose by 1,000, to reach 215,500. Insured unemployment fell by 39,000 to reach 1.72 million. Currently, 5.9 million of the US employees hold temporary jobs.
8/12/2018: in August of 2018 : The current average hourly rate is $27.05, an increase of +2.7% since July of 2017 (or -0.2% when adjusted for inflation). During the same period, the real national GDP grew by an estimated +4.1%. US jobless with the longest history of unemployment are among the latest beneficiaries of a healthy economy. US unemployment declined by 284,000 to 6.3 million since June. The new number of unemployment claims decreased by 6,000 to 213,000, mostly due to new jobs in KY in manufacturing and transportation. The 4-week moving average fell by 500 to 214,250. Insured unemployment rose by 29,000 to reach 1.76 million.
8/6/2018: in August of 2018 : July's national unemployment rate is 3.9% with additional 157,000 jobs added by US employers: Professional Services +51,000, Hospitality +40,000, Manufacturing +37,000, Education +22,000, while Government lost -13,000 jobs. Hourly rates increased by 7 cents since June at an annualized growth rate of 3.0%. The labor participation rate remains unchanged at 62.9%. The weekly unemployment claims increased by 1,000, to 218,000. The four-week moving average decreased by 3,500, to reach 214,500. Insured unemployment fell by 23,000 to reach 1.72 million.
7/29/2018: in July of 2018 : July's US national unemployment rate forecast is 3.9% with 180,000 new jobs added to the US economy. US employees are quitting their jobs at a 17-year highest rate of 2.4%. The most impacted industries are Mining, Retail and Services at 3.3%, while the US Federal government is at the lowest 0.5%. GDP expanded 4.1% in the second quarter of 2018 - the fastest growth in the recent years. The number of unemployment claims rose by 9,000 to reach 217,000, mainly due to job losses in MI and KY in the manufacturing industry. The four-week moving average decreased by 2,750 to 218,000. Jobless claims are trending at a 50-year low. Insured unemployment fell by 8,000 to reach 1.75 million.
7/22/2018: in July of 2018 : The unemployment rates are at their historically lowest point in ID at 2.9%, ME at 2.9%, and CA at 4.2%. All but 3 states have their unemployment rates below 5% (full employment level). In the past 12 months, the number of unemployed decreased in Services by +141,000, Retail +134,000, while unemployed in Construction increased by 36,000. The new number of unemployment benefits claims declined by 8,000, to reach a total of 207,000 - the lowest level since Dec 1969. New jobs were mainly created in NY, MI, and NJ in Transportation, Warehousing, and Manufacturing. The four-week moving average fell by 2,750, to reach 220,500. Insured unemployment rose by 8,000 to reach 1.75 million. Currently, 5.9 million of the US employees hold temporary jobs.
7/15/2018: in July of 2018 : June's average hourly rate is $26.98, an increase of +2.7% since June of 2017. The highest wage increases took place in Healthcare and Business Services. The slowest growth occurred in the Information industry, while Retail hourly wages decreased since May. In the past 12 months inflation outpaced hourly earnings by 0.1%, while corporate profits outperformed both with an average annualized rate of 6.5%. The new number of claims fell by 18,000 to 214,000. The four-week moving average declined by 1,750 to 223,000. Insured unemployment decreased by 3,000 to reach 1.74 million.
7/8/2018: in July of 2018 : June's US unemployment rate increased by +0.2% to 4.0%. Employers added 213,000 new jobs: Education +54,000, Services +50,000, and Manufacturing +36,000, while Retail lost -22,000 jobs. Manufacturing continued to grow and has added +285,000 in the past 12 months - the pace of growth unseen since 1995. During the same period, federal employment has decreased by 16,000 jobs. Hourly wages increased by +5 cents since May. The labor participation in the economy inched up +0.2% to 62.9%. The weekly claims for unemployment benefits rose by 3,000, to 231,000. The four-week moving average increased by 2,250, to reach 224,500. Insured unemployment increased by 32,000 to reach 1.74 million.
7/2/2018: in July of 2018 : The maximum weekly unemployment benefits increased since 2017 in many states. The latest increase took place in Oregon, where the Employment Department increased max benefits from $604 to $624 effective July 1. MA provides the longest coverage with up to 30 weeks of UI, while FL and NC the fewest number of 12 weeks. Trump's administration is about to revoke the rule that previously authorized certain spouses of H-1B visa holders to work in the US. This decision may affect up to 100,000 people who will likely lose their jobs. The new number of unemployment benefit claimants unexpectedly rose by 9,000 to reach 227,000 mainly due to job losses in NJ and CA. The four-week moving average increased by 1,000, to reach 222,000. Insured unemployment decreased by 21,000 to reach 1.71 million.
6/24/2018: in June of 2018 : The unemployment rate is at the historical lowest point in HI at 2.0%, WI at 2.8%, ID at 2.9%, and CA at 4.2%. All but 4 states have their unemployment rates below 5%. California and Texas remain top markets to earn the best wages. The percentage of black employees at major US banks has declined for the past 6 years. Starting salaries for recent graduates at major law firm have grown to $190,000. The new number of unemployment benefits claims declined by 3,000, to reach a total of 218,000. The four-week moving average fell by 4,000, to reach 221,000. Insured unemployment rose by 22,000 to reach 1.72 million. Currently, 5.9 million of the US employees hold temporary jobs.
6/17/2018: in June of 2018 : The new number of unemployment claims decreased by 4,000 to 218,000. The four-week moving average increased by 1,250 to 224,250. Insured unemployment decreased by 49,000 to reach 1.70 million - the lowest rate since December 1973. March's unemployment rate among population segments were as follows: for Asians 2.1% (down 0.7%), Whites 3.5% (down 0.1%), adult women 3.3% (down 0.2%), adult men 3.5% (down 0.2), Hispanics 4.9% (up 0.1%), African Americans 5.9% (down 0.7 since April and down 1.7% since May of 2017), and teenagers at 12.8% (down 0.1% since April and down 1.5% since May of 2017). The number of long-term unemployed decreased to 1,19 million (down 104,000).
6/10/2018: in June of 2018 : The current average hourly rate is $26.92, an increase of +2.7% since May of 2017 (or +0% when adjusted for inflation). During the same period, the real national GDP grew by an estimated +2.8% while Consumer Price Index increased by 2.7%. The new number of unemployment claims decreased by 1,000 to 222,000. The four-week moving average increased by 2,750 to 225,500. Insured unemployment rose by 21,000 to reach 1.74 million.
6/3/2018: in June of 2018 : May's US unemployment rate decreased to 3.8% - the lowest level since 2000. This rate is substantially below sustainable full employment. Employers added 223,000 new jobs: Healthcare +39,000, Professional Services +31,000, and Retail +31,000, while Utilities Industry lost -1,000 jobs. Hourly wages increased by +8 cents since April. The labor participation rate remains declined to 62.7%. The weekly claims for unemployment benefits declined by 13,000, to 221,000. The four-week moving average increased by 2,500, to reach 222,250. Insured unemployment decreased by 16,000 to reach 1.73 million.
5/27/2018: in May of 2018 : Economists anticipate that the US employers will add nearly 200,000 new jobs in May. According to a new study by Georgetown University, as baby boomers start to retire, approximately 55 million positions will become open by 2020. Employers report significant shortages of healthcare professionals and pilots. The Personal Consumption Index is down 0.6% (at 1.85%). The long-term unemployment improved by 340,000 since April of 2017. The number of unemployment claims grew by 11,000 to reach 234,000, mainly due to job losses in CA and PA in construction. The four-week moving average rose by 6,250 to 219,750. Insured unemployment increased by 29,000 to reach 1.74 million.
5/20/2018: in May of 2018 : Six US states are at their historically lowest unemployment rate. HI at 2.0%, ME at 2.7%, WI at 2.8%, ID 2.9%, KY at 4.0%, and CA at 4.2%. Currently, all but 4 states have their unemployment rate below 5%. 4 in 10 Americans couldn't cover emergency expenses. The new number of unemployment benefits claims increased by 11,000, to reach a total of 222,000 mainly due to job losses in MO and KY. The four-week moving average decreased by 2,750, to reach 213,250 - the lowest level since December 1969. Insured unemployment fell by 87,000 to reach 1.71 million - the lowest level since December 1973.
5/13/2018: in May of 2018 : April's average hourly rate is $26.84, an increase of +2.6% since April of 2016. The highest wage increases took place in Finance and Construction. The slowest growth happened in Manufacturing and Wholesale. The new number of claims remains unchanged at 211,000. The four-week moving average dropped by 5,500 to 216,000. Insured unemployment rose by 30,000 to reach 1.79 million.
5/6/2018: in May of 2018 : April's national unemployment rate is 3.9% (down 0.2% since March and the lowest rate since 2000) with additional 164,000 new jobs added by US employers - Professional Services +54,000 (518,000 in the last 12 months), Healthcare +31,000, Manufacturing +24,000, while Wholesale lost -10,000 jobs. Hourly rates increased by 4 cents since March at an annualized growth rate of 2.6%. There is a growing concern about a disconnect between decreasing unemployment rate and stagnating wages. The labor participation rate slightly decreased by -0.1% to 62.8% (3.4% higher than the pre-recession rate). The weekly claims for unemployment benefits increased by 2,000, to 211,000. The four-week moving average decreased by 7,750, to reach 221,500 - the lowest level since 1973. Insured unemployment fell by 77,000 to reach 1.76 million - the lowest level since 1973.
4/29/2018: in April of 2018 : April's forecast unemployment rate is 4.0% +/-0.1%. KY at 4.0% and ME at 2.7% are at historically lowest unemployment rate since 1976. Private sector compensation increased 2.9% since March of 2017 - the most significant increase since 2008. The new number of unemployment benefits claims decreased by 24,000 last week, to reach a total of 209,000 - the lowest level since December 1969. NY and CA added most of the new jobs in Education and Service industries. The four-week moving average increased by 2,250, to reach 229,250. Insured unemployment fell by 29,000 to reach 1.84 million.
4/22/2018: in April of 2018 : The current unemployment rate is the lowest since 2000. Many of the US states don't have enough unemployment funding to withstand an economic slowdown. A new study revealed that unattractive people earn significantly more money while good-looking people are happier. New employment trend: white men are getting passed by employers due to race and gender. The new number of unemployment benefits claims decreased by 1,000, to reach a total of 232,000, mainly due to new jobs in NJ, PA, and TX in the education, manufacturing, and transportation industries. The four-week moving average increased by 1,250, to reach 231,250. Insured unemployment decreased by 15,000 to reach 1.86 million.
4/15/2018: in April of 2018 : The current average hourly rate is $26.82, an increase of +2.7% since March of 2017 (or +0.3% when adjusted for inflation), while seasonally adjusted earnings stayed unchanged. During the same period, the real national GDP grew by an estimated +3.2%. The new number of unemployment claims decreased by 9,000 to 233,000, mostly due to new jobs in NJ, NY, and TX in transportation and warehousing. The four-week moving average increased by 1,750 to 230,000. Insured unemployment rose by 53,000 to reach 1.87 million.
4/8/2018: in April of 2018 : March's national unemployment rate remains unchanged at 4.1% with additional 103,000 new jobs added by US employers - Professional Services +33,000, Healthcare +25,000, Manufacturing +22,000, while Construction lost -15,000 jobs. This year, the employment situation has been improving 10% faster than in 2017. Hourly rates increased by 8 cents since February at an annualized growth rate of 2.7%. The labor participation rate slightly decreased by -0.1% to 62.9% (3.3% higher than the pre-recession rate). The weekly claims for unemployment benefits increased by 24,000, to 242,000 mainly due to job losses in NY and CA in Services and Construction. The four-week moving average increased by 3,000, to reach 228,250. Insured unemployment fell by 64,000 to reach 1.81 million - the lowest level since December of 1973.
4/1/2018: in April of 2018 : March's national unemployment rate forecast is 4.1% +/-0.1% with over 150,000 new jobs added in the US. Iowa, as well as many other Midwest states, experiences an employment problem: there are too many openings and just not enough people to fill them. If all unemployed were hired, there would still be more than 180 thousand unfilled jobs.The number of unemployment claims dropped by 12,000 to reach 215,000 - the lowest level since January of 1973, mainly due to new jobs in CA and VA in the service industry. The four-week moving average decreased by 4,000 to 224,500. Insured unemployment rose by 35,000 to reach 1.87 million.
3/25/2018: in March of 2018 : Studies show that bad bosses cost companies as much as one-third of productivity losses. The current economic expansion is the 3rd longest in US history, and the economy is approaching the end of the 10-year economic cycle. Economists are unclear what will cause an imminent economic downturn. The long-term unemployment improved by 232,000 since July of 2016. There are currently almost 154 million Americans with full or part-time jobs. The number of unemployment claims rose by 3,000, to reach 229,000, mainly due to job losses in CA across multiple industries. The four-week moving average increased by 2,250, to 223,750. Insured unemployment decreased by 57,000 to 1.83 million - the lowest level since December of 1973.
3/18/2018: in March of 2018 : The unemployment rate is at the historical lowest point in ME at 3.0%, CA at 4.4%, and MS at 4.6%. Currently, all but four states have their unemployment rates below 5%. The US Military is experiencing difficulties to meet its recruiting quotas due to low unemployment. The Government encourages older workers to start small businesses. Help is available at at SBA.gov Retail sales declined for the past three months with 7,000 US stores shut down in 2017. Most of them were serving America's middle-class. The new number of unemployment benefits claims decreased by 4,000, to reach a total of 226,000. The four-week moving average increased by 750, to reach 221,500. Insured unemployment rose by 4,000 to reach 1.88 million.
3/13/2018: in March of 2018 : February's national unemployment rate remains unchanged at 4.1% with additional 313,000 new jobs added by US employers - Construction +61,000, Retail +50,000, Professional Services +50,000, and Manufacturing +31,000. Hourly rates increased by 4 cents since January and fairly typical annual growth rate of 2.6% since January of 2017. The labor participation rate remains improved by 0.3% to 63.0%, but it is still 3.2% higher than the pre-recession rate. The weekly claims for unemployment benefits increased by 21,000, to 231,000 mainly due to job losses in NY and CA in Services and Construction. The four-week moving average increased by 2,000, to reach 222,500. Insured unemployment fell by 64,000 to reach 1.87 million.
3/4/2018: in March of 2018 : Studies confirm the size of the US shadow economy as roughly $2 trillion or 10% of GDP. Typical examples of under-the-table work are housecleaning, babysitting, web design and landscaping. While the unemployment rate is predicted to fall as low as 3.8% in 2018, and an average after-tax income increased by 0.6% in January, Federal Reserve chairman J. Powell sees no evidence of trouble in the US economy. The long-term unemployment improved by 404,000 or 22% since January of 2017. The number of unemployment claims decreased by 10,000 to reach 210,000 - the lowest level since December 1969. The four-week moving average fell by 5,000, to 220,500. Insured unemployment increased by 57,000 to reach 1.93 million.
2/14/2018: in February of 2018 : The US hourly wages have increased to $26.74 (+2.9% since January of 2017). Consumer price index rose +2.1% with the highest increase of +22.5% in fuel and the slowest of -1.2% in new vehicles. During the same period, the real national GDP increased at a faster pace of +2.3% thus signifying an employee market. The number of building permits rose +2.8 %. The new number of unemployment claims decreased by 9,000 to 221,000, mainly due to the renewal of contracts in professional, scientific and technical industries in MO, CA, and NY. The four-week moving average declined by 10,000 to 224,500, the lowest level since March 1973. Insured unemployment decreased by 33,000 to reach 1.92 million.
2/4/2018: in February of 2018 : January's US unemployment rate remains unchanged at 4.1%. Employers added 200,000 new jobs: Education +38,000, Construction +36,000, and Hospitality +35,000, while Information Industry lost -6,000 jobs. Professional Services added +448,000 new jobs in the past 12 months, Hospitality added +263,000 Construction added +226,000, Manufacturing added +186,000, while Utilities are flat, and Information Industry lost -46,000. Hourly wages increased by +9 cents since December. The labor participation in the economy remains unchanged at 62.7%, and it is still 3.5% lower than the pre-recession level. The weekly claims for unemployment benefits rose by 7,000, to 284,000. The four-week moving average increased by 3,000, to reach 278,750. Insured unemployment increased by 29,000 to reach 2.26 million.
1/28/2018: in January of 2018 : A new survey shows that most of the US employers prefer to pay workers bonuses instead of increasing their salaries as a result of the tax cut. President Trump anticipates a significant increase in UK-US trade. US new home sales posted a substantial drop in 16 months due to the house price inflation outpacing the wage growth. The number of unemployment claims rose by 17,000 to reach 233,000, mainly due to job losses in NY and GA in transportation, warehousing, and manufacturing. The four-week moving average decreased by 3,500 to 240,000. Insured unemployment fell by 28,000 to reach 1.94 million.
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1/21/2018: in January of 2018 : A new study revealed that Americans are increasingly optimistic about the job market with 56% convinced it is a good time to find a great job. 8 US states are at their historically lowest unemployment rate. HI at 2.0%, ID at 2.9%, TN at 3.1%, AL at 3.5%, TX at 3.8%, WA at 4.5%, CA at 4.6%, and MS at 4.8%. Currently, all but 6 states have their unemployment rate below 5%. The new number of unemployment benefits claims decreased by 41,000, to reach a total of 220,000 - the lowest level since February 1973, mainly due to the renewal of contracts in NY, GA, and PA in the transportation, manufacturing, and construction industries. The four-week moving average decreased by 6,250, to reach 244,500. Insured unemployment rose by 76,000 to reach 1.95 million.
1/14/2018: in January of 2018 : A new study shows that many of the US jobs created in the past ten years have been temporary. The overall number of healthcare jobs in the US Economy has surpassed manufacturing and retail. The US hourly wages have increased by 9 cents to $26.63 (+2.5% since December of 2016). The new number of unemployment claims rose by 11,000 to 261,000, mainly due to job losses in NY, CA, and GA in the service industry. The four-week moving average increased by 9,000 to 250,750. Insured unemployment decreased by 35,000 to reach 1.87 million - the lowest level since December of 1973.
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*IMPORTANT: Be sure to check with your State for details on your full eligibility requirements, or to begin the voluntary benefits process.
