Daily News Update
Federal Unemployment Extension.
July`s national unemployment rate decreased to
( down 0.5%) – 1.9% higher than the most affordable pre-COVID-19 joblessness level. United States economy included.
The real nationwide joblessness rate is down at 9.4%. The weekly national joblessness rate is 2.1%. Insured joblessness reduced by 366,000 to 2.9 million.
: June`s national unemployment rate increased to
July 3, 2021 Update.
( up 0.1%) – 2.4% higher than the most affordable pre-COVID-19 unemployment level. US economy included.
The United States labor force participation rate is flat at 61.6%. The genuine national unemployment rate is flat at 9.9%. The weekly nationwide joblessness rate is 2.5%.
: May`s national unemployment rate decreased to 5.8% (down 0.3%) – 2.3% higher than the lowest pre-COVID-19 unemployment level. US economy added 559,000 jobs in May of 2021. The US labor force participation rate declined by 0.1% to 61.6%. The real national unemployment rate decreased by -0.3% to 9.9%. There are currently 6.6 million individuals (flat since Apr 2021.) May`s unemployment rate among population segments were as follows: Whites 5.1% (down 0.2%), adult men 5.9% (down 0.2%), adult women 5.4% (down 0.2%), Hispanic 7.3% (down 0.6%), Asian 5.5% (down 0.2%), African American 9.1% (down 0.6%), teenagers 9.6% (down 2.7%.) The weekly national unemployment rate is 2.7%. The new number of claims decreased by 20,000 to 385,000 – the lowest rate since March 2020. The four-week moving average decreased by 30,500 to reach 428,000. Insured unemployment increased by 169,000 to 3.8 million.
June 6, 2021 Update.
Latest August 2021.
relating to the extension. For those who were not certifying for federal extension advantages due to going back to work, school or other scenario however still had a remaining balance left on a federal extension claim, they have to reopen their claim if they need prolonged benefits.
COVID-19 (Coronavirus) impact – live View.
United States Economy added +943,000 brand-new tasks in June of 2021.
Reported in August of 2021.
United States economy added.
Non-farm, seasonally adjusted employment decreased by -89,000 (+2.0 million in the past 12 months) to reach 158.7 million. The number of long-term unemployed decreased to 1.2 million (down 20,000) in January or 19.8% of all unemployed (down 0.8%). The unemployment rate in January decreased for long-and short-term unemployed and increased mid-term category.
in July of 2021. The unemployment rate reduced by -0.5% to.
with an overall of 8.7 million out of work (reduced by -782,000 given that July 2021). July’s unemployment rate among population sectors were as follows: Whites 4.8% (down 0.4%), adult guys 5.4% (down 0.5%), adult females 5.0% (down 0.5%), Hispanic 6.6% (down 0.8%), Asian 5.3% (down 0.5%), African American 8.2% (down 1.0%), teenagers 9.6% (down 0.3%.).
Real National Unemployment Rate increased and is presently at.
6.6%. This rate is 0.7% lower than the lowest pre-recession level. There are currently 4.9 million (up 72,000 in January and down 350,000 in the past 12 months) people who want a job however are ruled out unemployed and, for this factor, are left out from the main joblessness figures.
Most of the employment metrics are flat since January 2019. Fed increased rate of interest 4 times in 2018 from 1.50% to 2.50% however consecutively reduced it back to 1.50% in October of 2019. The US Prime Rate stays unchanged at 4.75%. Financial experts predict there is a 30% chance of an economic crisis in mid-2020. Given that economists are currently unable to recognize possible reasons for the upcoming financial recession, numerous predict Coronavirus as a possible cause. The majority of the month-over-month job gains occurred in Healthcare +72,000, Building +44,000, Hospitality +36,000, Transport +28,000, Government 9,000, balanced out by losses of -12,000 in Production, and -8,000 in Retail. In the past 12 months, Healthcare included +563,000 new tasks, Expert Services +240,000, Hospitality 98,000, Federal Government 77,000, Financial Services 77,000, Transport 56,000, and Construction 30,000, while Retail lost -168,000 jobs given that January of 2019. All markets and sectors average hourly earnings increased by 7 cents in January of 2020 (+3.1% up given that January of 2019.).Manpower Participation Rate.1.1 million of the high-paying US manufacturing jobs have actually been lost from the economy considering that 2007 (12.9 million in December of 2019 vs. 14.0 million in January of 2007), and instead, have been replaced with substantially lower-paying service tasks. In the past 12 months, Manufacturing included a weak +29,000 brand-new tasks and lost -14,000 given that its peak in November 2019. Production included .4 million jobs considering that the traditionally lowest level of 11.5 million in Mar 2010 In-Focus Retail industry lost -123,000 and Wholesale -68,000 jobs given that December of 2018. Info jobs increased by +79,000. New extremely paying Machine Learning (AI) and Data Science fields have difficult times developing a substantial footing in the United States. Rather, the financing and work chances continue moving straight to China, India, Canada, and even Australia. China has revealed a plan to dominate the AI market by 2030. Outsourcing of High-Tech jobs ruins any wish for United States middle-class status seeking. The long-term jobless 1,186,000 (down by -33,000 in December) – out of work for 27 consecutive weeks or longer. Regardless of the full work in numerous states, this group finds it extremely challenging to get work, as companies perceive their abilities as out-of-date. Teens (16-19 years old) are still the most affected by task losses population group with the highest joblessness rate of 12.6% (up 0.6% in December and flat in the previous 12 months) and the lengthiest unemployment across all races, genders and age groups.
Modifications in long-lasting unemployment in December of 2019: long-term unemployment (27 weeks and over) decreased by -33,000 in December of 2019; mid-term (5-26 weeks) increased by +55,000; short-term (less than 5 weeks) decreased by 18,000. Over the past year, the number of long-lasting jobless.
declined by -106,000 and represents 20.6% (down 0.4% because November) of all jobless. Regretfully, a number of these individuals ran out of advantages and as a result reclassified as.
not in workforce.
and get gradually replaced by those in the mid-term group. Opioid and Long-Term Impairment (LTD) are among the main contributing aspects. The number of.
Not in labor force.
In October 2019, VT had the lowest unemployment rate of 2.2%. The unemployment rates in AL 2.8%, CA 3.9%, ME 2.8%, and SC 2.6% mark the new lowest rates. AK has the highest jobless rate, 6.2%. 15 states have unemployment rates lower than the US national of 3.6 percent, 12 states and the District of Columbia had higher, and 23 states have rates that were at the same level as the national unemployment rate.
reduced by 24,000 in the previous 12 months. The most recent research studies exposed that openly funded trade schools are among the most effective approaches of bringing unemployed back to the manpower. Experienced trades are amongst the highest paid professions and mostly unsusceptible to automation or AI hazards.
Countless adult Americans are still not able to find a meaningful full-time job, have actually quit searching for one or accepted unemployment as a status quo. This big group of adults represents a distinct.
In October 2019, nonfarm payroll employment increased in 4 states. The job gains of +30,100 took place in TX +0.2%, MD of 0,700 or +0.4%, UT of +6,700, or +0.4%, and NE of +5,200, or +0.5%. Employment declined in Michigan of -21,800, or -0.5%
financial and political chance.
It is our goal to take advantage of their skill and skill to produce economic benefits.
Improving unemployment claims figures and a 15-year low unemployment rate are not the best indicators of the health of the labor market. In fact, the insights they provide are inadequate to determine why unemployed individuals may no longer be in the labor force. For example, 6.5 million of US unemployed are still looking for jobs but no longer considered part of the 5.3% May unemployment rate.
The hidden joblessness rate in the United States in February of 2020 remains unchanged at 5.6%, marking a gap of 2.5% to official US unemployment. Real unemployment, unlike main unemployment figures, includes individuals who want to work but are not able to discover a task.
: While over 50% of all low-end jobs at Fortune 500 companies are occupied by women, only 1 out of 7 corporate board and executive roles are held by women. Women are also more pre-disposed to get trapped in low-paying jobs than their male counterparts. Here are some answers. Unemployment rates were lower in 4 and higher in 2 states. The national unemployment rate, 3.6%, was little bit altered given that September 2019 and from October 2018.
: Bureau of Labor Statistics recently reported that the oil and gas industry lost roughly 2,000 jobs. That announcement came as a shocking surprise to individuals affected by layoffs in that industry. Based on alternative sources, the job losses were significantly understated in comparison to what was actually taking place. Industry review published by Challenger, Gray & Christmas proclaimed shocking 21,300. The drop in oil price alone accounted for 20,000 lost jobs in Texas. Here is why the figures are so different. Work rose in 4 states in October 2019, declined in 1, and flat in 45 states and the District of Columbia. In the past 12 months, 27 states added nonfarm payroll tasks, and 23 had no change.
: 2016 presidential race is heating up. Four major contenders, among them one Democrat and four Republicans, have already tossed their hats into the ring. Here is how these four presidential hopefuls propose to tackle the unemployment. Layoffs and Job Gains.
SC experienced the most substantial over-the-month unemployment rate drop of -0.3% in October, followed by AL and UT at -0.2%, and GA -0.1%. DE and PA had their rates increased by +0.2% each. The remaining 44 states and the District of Columbia are flat month-over-month.: In spite of multiple warnings that number of states have overpaid millions of dollars in unemployment benefits, they have continued issuing such benefits to state employees, prisoners, and even the dead individuals, while 3 million people who are considered long-term unemployed receive no benefits at all.
AL and CO had the most considerable year-over-year joblessness rate reduction of -1.0%. The most significant rate hike from October 2018 happened in MS +0.8%.: A new research conducted by the Emory University of Atlanta found that depression among unemployed young adults is three times as high as that among their employed peers. The study suggests that a high unemployment rate isn’t just an economic issue. It is also a public health problem.
Nonfarm Payroll Work.: Despite weaker economic growth in the 1st quarter of this year, eight states have already reduced the unemployment benefits to less than 26 weeks, while others are exploring the possibility of either decreasing the number of weeks or cutting the weekly amounts. Much of this notion is driven by the fact that lately claims have experienced a significant decline. 27 states had year-over-year improvements in nonfarm payroll work. The most considerable job gains took place in CA +308,000, TX +297,100, and FL +228,600. The most significant % gains happened in UT of +3.2%, FL of +2.6%, and AZ of +2.5%.
: Unemployment numbers reported in February exceeded the expectations of economists and asserted that unemployment improved to pre-recession level. While this is certainly good for the U.S. economy, the long-term unemployment figures have changed very little. There are currently 2.7 million long-term unemployed that account for 31% of all unemployed Americans. These individuals may experience a reduction of their wages up to as much as 10% for as long as ten years after getting hired. Joblessness News & & Resources.
June 17, 2015.: A new study conducted by the National Bureau of Economic Research claims that Congress’s decision not to extend unemployment benefits in 2014 truly helped workers and created 1.8 million extra jobs. So what is the conclusion? Cut the unemployment benefits and unemployment will go down. The facts, as it turns out, are far more complex. Continue reading.
May 26, 2015.: Long-term unemployed or recently lost your job? Depression and suicidal thoughts start invading your mind? Well, you are not alone. According to the latest study conducted by Swiss scientists, about 20% of all suicides are linked to unemployment. Also, if you can recommend any local suicide help services, support groups or hotlines, please forward this information to us and we will share it with those in need. Continue reading.
May 2, 2015.: In the past 13 month, the economy added almost 3.5 million new jobs, including 750,000 in November and December. The labor participation rate grew to 62.9% from 62.7% in December. Also, here is why the unemployment rate increased to 5.7% in January. Continue reading.
April 27, 2015.: Regardless of the fact that over 2% of the country’s labor force is still unemployed for more than six months, the steadily declining weekly initial unemployment claims signify an ever strengthening employment market. Our analysis indicates that Republicans will be focusing on cutting expenses rather than funding EUC this year. The overall expectation is that the unemployment rate will drop so low by mid-2015 that employers will start hiring long-term unemployed. Continue reading.
April 20, 2015.: What will the US unemployment situation look like in 2015? Let’s take a look at some of the most important unemployment predictions. The economy generated an impressive 2.95 million new jobs. Joblessness rate fell to 11.2%. People are getting hired, but wages are still stagnating. Projections indicate that wages will increase by 2.5% this year. Continue reading.
April 14, 2015.: 2014 was a truly outstanding year for the labor market, James Marple, an economist at TD Securities, explained, Companies are increasingly looking to hire. Economists forecast that in 2015, the U.S. economy will continue powering ahead of other large economies, notably those of Europe with the grow of more than 3%. Long-term unemployment fell by 27% last year. Still more must be done to boost stagnating wages. Continue reading.
April 6, 2015.: As a result of high student loan burdens, in conjunction with high rates of unemployment and underemployment, 7 million Americans or 18% of all education debt holders defaulted on their student loans. With over 60 percent of employers checking credit scores before hiring or promoting, ineligibility for some federal jobs, and withheld educational transcripts, those who need employment most desperately, suffer the most. Continue reading.
March 29, 2015.: While the short-term unemployment rate is on the decline, over 2% of the labor force remains long-term unemployed. What is even worse, finding and keeping jobs can be particularly problematic for the long-term unemployed. 30% of the long-term unemployed that eventually find a job lose it within 12 months. Studies reveal discrimination towards the long-term unemployed, also known as an unemployment trap. Continue reading.
March 18, 2015.: While the unemployment rate may have settled at a 6-year low, it can certainly be argued that the need to extend unemployment benefits still exists. The Bureau of Labor Statistics announced that the long-term unemployment situation hasn`t improved and approximately 2.8 million people or about 2% of the country`s workforce remain unemployed for more than 27 weeks. Continue reading.
March 3, 2015.: With 40% of workforce underemployed, Wal-Mart is notorious for its practice of intentionally low working hours and cuts in health care coverage. While the underemployment crisis might seem like a problem of individual employees, it has economic implications for the entire country. Continue reading.
February 18, 2015.: Colorado’s unemployment rate is down to an impressive 4.3 percent. That is the lowest level since March of 2008 and down from 4.7 percent in September of this year. Here is what keeps it so low and also why this may actually hurt Colorado`s economy. Continue reading.
February 8, 2015.: In November, President Obama announced that he will use his executive powers to provide immigration relief to an estimated 5 million undocumented immigrants. Will Obama’s Immigration Action Mean Fewer Jobs for Americans? Continue reading.
January 29, 2015.: These 9 cities weathered the Great Recession and now boasting the lowest unemployment rates in the United States. Out of work for over 26 weeks? Why not to consider moving there? Continue reading.
January 22, 2015.: According to the Labor Department, African-American unemployment rate still hovers above 10%, while Caucasian men in America are unemployed at a rate of roughly 4.4 percent. Studies show that white applicants with a criminal record are more likely to get employed than a black applicant with no criminal record. Continue reading.
January 15, 2015.: Recently, there has been little word from either side of the aisle regarding a possible extension of unemployment benefits for the long-term jobless. At the same time almost 150 workers of Fusion Paperboard received notice that they will qualify for extended unemployment benefits. After exhausting their original 26 weeks of unemployment benefits, Fusion Paperboard employees will qualify to receive additional two and a half years of benefits. Continue reading.
January 7, 2015.: Citizens and politicians alike are quick to gripe about the United State’s seemingly high unemployment rate. Are things really so bad? Take a look at these four countries with outrageously high unemployment rates. Continue reading.
December 30, 2014.: Now that Republicans declared a victory in the House of Representatives and national unemployment rate is at 5.9 percent, emergency unemployment benefits (EUC) may never see the light of day. Either way, it is now up to Republicans to deal with the current economic issues. Continue reading.
December 22, 2014.: Unemployment rates for America`s least educated workers with high school diploma declined much sharper – from 6.2% to 5.3% because most of the post-recession economic growth took place in low-wage sectors. Here is how this will benefit you. Continue reading.
December 15, 2014.: 20% of Workers Laid Off in the Past 5 Years Are Still Unemployed Today. Unemployment rate among the workers who remain jobless for more than six months is among the most persistent, negative effects of the Great Recession. Long-term unemployment remains above pre-recession levels in 41 states. Continue reading.
December 8, 2014.: Will the Unemployment Extension be renewed in 2014? Here’s why Obama and Boehner blame both the unemployed as well as lengthy Congressional recesses for missing the Unemployment Extension bill. Continue reading.
December 2, 2014.: Some call them the lost generation. Many believe their “wage scars” will last upwards of twenty years and they will never be able to retire. It is estimated that federal and state governments are losing approximately $8.9 billion in revenue each year because of them. They tear at the very fabric of American society. Continue reading.
November 26, 2014.: While the resession may not be over yet, the unemployment rates inch up and there is still no sight of an unemployment extension 2014 bill. According to the Census Bureau, the poverty rate in the United States declined to 14.5 percent, showing 0.5% year-over-year decrease. Continue reading.
November 18, 2014.: US unemployment rate is perceived as a major indicator of economic health. It is cited more than any other statistical figure in the world. But now its accuracy has been challenged and here is the reason why. Continue reading.
November 11, 2014.: “Human Capital Dynamics and the U.S. Labor Market” report recently released by Federal Reserve Bank of Atlanta indicates that the unemployment extension had no positive impact on employment rate. Continue reading.
November 5, 2014.: The portion of Americans between the ages of 25 and 34 who were working in April fell to a five-month low of 75.5%.
Continue reading. November 2, 2014. Continue reading.: Feds recently announced October 20, 2014. Continue reading October 15, 2014.Continue reading to discover out. October 8, 2014. Continue reading to learn if you are among them.: September 23, 2014. Continue Reading September 18, 2014.: Continue Reading. August 26, 2014 Continue Reading.: Unemployment Drops as August 8, 2014. Learn more: Current College Graduates & & Unemployment: How Numerous Graduates Can In Fact Find Jobs?
July 22, 2014. 6.1 percent unemployment rate which is most affordable. because George W. Bush. What is the true nature of the joblessness rate? A record 92.5 million people are out of the work force, the cost of gas and food are at all-time continual highs as is the stock market, and the failure to extend federal unemployment insurance coverage benefits has a down effect on the joblessness rate, making it look better than it in fact is.
July 7, 2014
Federal Funding Available for College Course
Pell Grants Provide Up to $5,500 for Training.: Your eligibility and the total amount of weeks for compensation are the major changes in the June 20, 2014.Joblessness Provides Opportunities.
for New Jobs Training May 27, 2014. Legislators Dispute Advantages Extension.
May 24, 2014. Federal Lawmakers Continue Wrangling Over Joblessness Extension.
are figured out by the. state’s joblessness rate. where the out of work private picks to.
United States work is 113,000 tasks except its highest figure in Jan 2008. Do you feel that the economy is back to normal? Share with us your opinion.
The Online Filing Directory.
If they were previously laid off due to the use of drugs, Congress has allowed States to administer drug screening for jobless individuals seeking an extension of benefits. In order to acquire the complete 73 weeks of. State compensation.
Update, the majority of states still require an active task search, as held true in 2012
(UNTIL END OF 2013)
- State requirements.
- of joblessness will differ, relying greatly on the seasonally changed unemployment rate.
- Extension of Payment. Depending on the date you lost your job, you may qualify for a different tier structure.
* Individuals who have gathered all regular State advantages are those who can look for eligibility for the brand-new joblessness costs, by beginning with 13 weeks. of federal prolonged advantages, referred to as. extended Federal benefits.
or the EB Program. The EB Program is likewise counts on the state’s economic status to determine lengths & & amounts.
- page for legislation revisions throughout 2013.
After utilizing your Extended Advantages for 13 weeks, jobless individuals can continue receiving advantages through the EUC (More on.
Emergency Unemployment Payment.
- ). 2013 Extended benefit.
- lengths are determined by which tier the private falls into. The brand-new Senate expense of December 2012 is comprised of 4 different EUC tiers (each tier defines the length of time your extension will last).
- Death of the New Legislation Costs
Federal Tiers Structure.Here is an overview of the maximum lengths this year:
- ( 63 Weeks to 73 Weeks).
- Details of the brand-new enacted tiers, and a thorough.
- advantage calculator.
More Job/Career Ideas & Resources
is very important to note that in 2013, there is no tier 5 (99 weeks was reduced to 73 weeks). The 2013. legislation terms. for the costs are as follows
Article source: http://www.unemployment-extension.org/