employment

Unemployment Report Shows Little Change From Previous Month

The July employment report shows almost the same results as last month.  The unemployment rate remained the same, 5.3%.  The labor participation rate also did not change from the 62.6% low.  More people dropped out of the labor force than became employed.  While 144,000 dropped out of the labor force, only 101 thousand more became employed.

Initial Unemployment Claims at Levels Not Seen Since 1973

The DOL reported people filing for initial unemployment insurance benefits in the week ending on July 18th, 2015 was 255,000, a 26,000 decrease from the previous week of 281,000.  The DOL proclaims this is the largest drop since November 24th, 1973, when initial claims was 233,000.  The DOL also states this is no statistical anomaly.  Graphed below is initial claims.

 

Another 640,000 Drop Out of the Labor Force Causing Unemployment Rate Decline

The June employment report brings some OMG, jaw dropping, are you kidding me numbers.  Over 640,000 dropped out of the labor force.  As a result, the unemployment rate declined two tenths of a percentage point to 5.3%.  The labor participation rate dropped by -0.3 percentage points to 62.6%.  This new low of a labor participation rate has not seen since October 1977 when women and minorities were still were not in the workforce extensively.

April Unemployment Stats Look Solid for Real Employment Growth

The April unemployment rate remained the same, yet unlike the past few months, the lack of change was not due to people dropping out of the workforce.  Instead the participation rate ticked up a smidgen and more people were considered employed.  The official unemployment rate is 5.4%, a tenth of a percentage point lower than last month.

Unemployment Report Shows Labor Force Drop Outs At Record High

The March unemployment rate remained the same, yet once again the BLS survey showed another huge increase in those not considered part of the labor force anymore and as a result the figure hit a record 93.175 million high.  The official unemployment rate is 5.5%.  The labor participation rate is also 62.7% and remains at 37 year record lows.  From a year ago, the number of people considered not in the labor force has increased by over two million.

 

Unemployment Rate Drops on Those Dropping Out Again

The February unemployment rate dropped yet again on a huge decline of those not considered part of the labor force anymore.  The official unemployment rate is now 5.5%, a -0.2 drop from last month.  The labor participation rate is at 37 year record lows.  From a year ago, the number of people considered not in the labor force has increased by 1.5 million.

January's Jobs Report Shows Strong Payroll Growth for 2014

The BLS employment report is another good showing for payroll jobs as growth was 257,000.  January is the month of revisions and November 2014 is now a 423,000 jobs added blowout with December 2014 not far behind with 329,000 jobs added.  We're on year eight after the start of the great recession and 2014 is finally when America started seeing some jobs growth.

Unemployment Rate Drops Due to Almost Half a Million More Not in Labor Force

The December unemployment rate dropped on almost half a million more people considered not part of the labor force.  The official unemployment rate is now 5.6%, a -0.2 drop from last month.  The labor participation rate went back to 38 year record lows and is 62.7%.  From a year ago, the number of people considered not in the labor force has increased by 1.2 million those considered employed grew by 2.7 million.

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