employment

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.

There Were 1.9 Persons Per Job Opening in October 2014

The BLS JOLTS report, or Job Openings and Labor Turnover Survey shows there are 1.9 official unemployed per job opening for October 2014.  Job openings were around 4.8 million.   Job openings returned to pre-recession levels while hires has increased 33% since June 2009.  In just the private sector job openings have also recovered to precession levels while private hires have increased 40% from their 2009 lows.

November Employment Report Household Survey Shows Static Statistics

The BLS Npvember current population survey unemployment report shows almost a static situation from last month, unlike the reported payroll gains portion of the jobs report.  The unemployment rate did not change and is still 5.8%.  The labor participation rate also did not change from the very low, 62.8%.  Even the unemployed's increase of 115,000 is statistically insignificant.

October Household Survey Shows Employment Situation Truly Improving

The BLS October current population survey unemployment report shows steady improvement in the unemployment situation continuing in 2014.  The unemployment rate dropped to 5.8%, a rate not seen since July 2008.  The unemployment rate dropped another one tenth of a percentage point on a dramatic monthly increase in employed as well as a drop in those unemployed.  Those not in the labor force also declined for the month.

There Were Two Unemployed Persons Per Job Opening in August 2014

The BLS JOLTS report, or Job Openings and Labor Turnover Survey shows there are 2.0 official unemployed per job opening for August 2014.  Job openings were around 4.8 million with hiring coming in at a lower rate than July.   Job openings returned to precession levels while hires have only increased 27% since June 2009.

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