Why Reducing Unemployment Rate Is Not Enough
The rate of unemployment in the United States reached a record low by the end of April, which is said to have the lowest rate of unemployment in the last 50 years. The unemployment rate dropped to 3.6%, and the month of April will be the 14th consecutive month to record an unemployment rate below… Read More »
The Employment Situation – April 2019
When it comes to the employment situation in April, the unemployment rate is the lowest in 50 years at 3.6 percent while nonfarm payroll employment increased by 263,000. The major job gains were in professional and business services, construction, health care, and social assistance. Household Survey Data This is the lowest unemployment rate since 1969.… Read More »
The Employment Situation – March 2019
In March, the total non-farm payroll increased by 196,000 while the unemployment rate remained unchanged at 3.8 percent. The major gainers were in the field of health care and people employed in technical and professional services. Household Survey Data While the unemployment rate remains unchanged at 3.8 percent, the number of people unemployed was 6.2… Read More »
The Employment Situation – February 2019
The total nonfarm payroll employment in February changed a little by 20,000 as compared to January. The unemployment rate has decreased to 3.8 percent. The main reason for improvement in unemployment rate is based on professional and business services, wholesale trade, health care that saw a trend up while construction employment decreased. Household Survey Data… Read More »
What is a 1099 Form and How to File it?
The 1099 form is used to record income that you have received as an independent contractor or through other sources of income. This would mean that if you are a freelancer then you will receive 1099 forms from your clients. The IRS requires businesses to issue this form if contractors are paid at least $600… Read More »
The Employment Situation – January 2019
In January, the total nonfarm payroll employment increased by 304,000 as compared to December which had an increase of 312,000 jobs. The unemployment rate has increased from 3.7 percent to 4 percent and this could be attributed to the Shutdown which lasted for 35 days from December 22, 2018, until January 25, 2019. Household Survey… Read More »
How to File a Claim? (Infographics)
Here’s 5 quick steps to file your unemployment claim. Hope this Infographic helps you determine your UI Benefits and makes the process easier to file your claim.
The Employment Situation – December 2018
Total employment in the nonfarming sector has seen a considerable rise in the month of December. The nonfarm sector witnessed an addition of 312,000 jobs, which in comparison to November (added 155,000 jobs), is substantial growth. The rate of unemployment, however, increased in December from 3.7% in November to 3.9%, in spite of the job… Read More »
US Government Shutdown: What to Expect?
The US government has been in partial shutdown since December 22, 2018, as President Trump continues to demand more than $5 billion for the border wall between US and Mexico. At this time, since the Democrats control the House, they continue to suggest that they won’t agree to any new money for the wall. Though… Read More »
The Employment Situation – November 2018
Total employment in the non-farm category increased by 155,000 for the month of November. The rate of employment has remained unchanged at 3.7%, as per the reports of the U.S. Bureau of Labor Statistics. The report also states that sectors such as healthcare, manufacturing, transportation, and warehousing have recorded job gains. Household Survey Data The… Read More »
6 Ways to Attract Talent in a Tight Market
The American unemployment rate dropped to 3.7% in October. This is the lowest level since 1969 and this translates to the lowest unemployment in half a century. Though this is great for job-seekers, it’s tough in a tight labor market for employers. This would mean that they would have to improve perks, policies, and pay… Read More »
Job Growth Slowing as Trade Deficit Hits 10-year High
The drop in soybean exports and the record high increase in imports of consumer goods has created a US trade deficit which is at a 10-year high. This would mean that the Trump administration’s tariff-related measures to reduce the trade gap have been ineffective. New data suggests that private employers hired fewer workers than expected… Read More »
27 Goals to Improve Your Performance at Work
When it comes to improving on a personal and professional development front, we tend to take a step back when it comes to self-improvement. Normally, we would sit back and wait for the performance review to look at areas of improvement. This would include improving your skill set, setting personal benchmarks and reviewing them. Also, learning… Read More »
The Unemployment/ Employment Situation – October 2018
The Total non-farm payroll employment in the United States rose by 250,000 in October and the unemployment rate remained unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reports. Job gains occurred in the health care industries, manufacturing, construction, and in transportation and warehousing industries. Household Survey Data The unemployment rate in the United States… Read More »
How Does Basic Income Disincentivize Work?
When it comes to Universal Basic Income, it’s not a new idea that has been floated by the government. It’s a concept that has brought about a lot of discussions and gained traction in the media and Congress. How it works is that a basic income or basic living stipend is provided to citizens as… Read More »