unemployment rate

Unemployment Report Shows Signs of Life in Labor Participation Rate

The March 2016 unemployment report shows some interesting movements.  The official unemployment rate ticked up 0.1 percentage points to 5.0% yet this is actually good news as more people came out of the woodwork and participated in the labor force.  The labor force grew by almost 400 thousand and those employed shot up by another 246 thousand.

BLS Household Survey Report Holds Promising Unemployment Numbers

The February 2016 unemployment report is being reported as great news once again.  The official unemployment rate is 4.9%, a rate not seen since February 2008 and no change from January.  Overall, this month's CPS does have some great news in it.  There were over half a million more employed than the previous month and those not in the labor force declined by over 300 thousand.

Unemployment Report Starts the Year By Breaking the 5% Unemployment Rate Barrier, Big Deal

The January 2016 unemployment report is being reported as nothing but good news.  The official unemployment rate is 4.9%, a rate not seen since February 2008.  This is the weird month where annual population adjustments are applied and not backwards adjusted.

December Unemployment Report Belies Other Economic Metrics

The December unemployment report seems like nothing but good news.  The official unemployment rate did not change and is 5.0%.  The ranks of employed swelled and those not in the labor force shrank.  The labor participate rate ticked up a tenth of a percentage point to stand at a still very low 62.6%.  Overall, this month's CPS report belies some of the other ominous economic news.

 

Unemployment Report Shows Steady As She Goes Again

The November unemployment report is another OK type of report.  Less people were dropped out of the labor force for the month and the labor participation rate did tick up a tenth of a percentage point from the October 1977 record low.  The official unemployment rate did not change and is 5.0%.  Overall, this month's report is on the positive side.

 

October Is A Positive Unemployment Report

The October unemployment report is a pleasant surprise in comparison to recent months.  Less people were dropped out of the labor force for the month, a welcome change.  The labor participation rate though did not change from the October 1977 record lows.  The official unemployment rate did tick down a tenth of a percentage point to 5.0%.  Overall, this month's report is a surprise on the positive side.

 

Over Half a Million Drop Out of Labor Force, Participation Rate at Record Low

The September unemployment report is really a disaster.  Yet another 579,000 people dropped out of the labor force.  The labor participation rate dropped to record lows not seen since October 1977.  That's 38 years ago.  Even more disturbing is how the unemployment rate is really undermined as a reading on the state of labor.  The official unemployment rate did not change at all and remained at 5.1%.

Plunging 5.1% Unemployment Rate Belies Record Low Labor Participation

The August unemployment report shows steady as she goes sorts of statistics.  Yet, the report is really a mixed bag.  The unemployment rate dropped two tenths of a percentage point to be 5.1%.  The labor participation rate remained the same, 62.6%, and hasn't changed for three months.  Once again over a quarter of a million people dropped out of the labor force.

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.

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.

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