The Bureau of Labor Statistics, U.S Department of Labor on Friday, August 7, unveiled its monthly publication on employment situation in the country. Based on data from Household and Establishment survey, this release throws light on the overall footing of the employment/unemployment statistics during the month of July. We bring to you, a synopsis of this report(check the articles section to find updates from previous month).
The Unemployment rate stood strong at 5.3% during July 2015 and the month saw about 215,000 jobs being infused into the system(Non Farm Payroll Employment). A little over 8.3 million citizens remain unemployed, down by about 1.4 million during the same month last year.
Trade, Retail, Professional & Technical services, Healthcare, Financial activities saw maximum movement in terms of job additions.
Household Survey Data
Unemployment Rate Among Major Workers Groups
Adult Men – 4.8%
Adult Women – 4.9%
Teenagers – 16.2%
The Unemployment rate for Teenagers saw a considerable decline while the other two categories saw little change from last month.
Unemployment Rate Among Ethnic Groups
Blacks – 9.1%
Asians – 4.0%
Whites – 4.6%
Hispanics – 6.8%
None of the categories above witnessed a major change from June 2015. They largely remained stable.
Unemployment among new Entrants(People who’re seeking job for the first time) decreased by 107,000 during this month.
The number of long term unemployed(jobless for 27 weeks or more) was 2.2 million, down by about 986,000, when compared to the same month last year.
The number of part time workers for economic reasons hovered around 6.3 million. This category of workers are unable to work full time due to various involuntary reasons.
The number of persons marginally attached to the labor force was down by 251,000 from last year. Individuals falling in this category are able and available to work but had not searched for jobs in 4 weeks preceding this survey. At the end of July 2015, there were 1.9 million people classified into this category.
Among the 1.9 million falling in the category above, about 668,000 were categorised as Discouraged Workers. Unemployed persons falling under this category were not looking for a job(during survey) as they believed no jobs were available for them.
Establishment Survey Data
Employment Data in Various Industries(Top Performing)
1) Retail Trade, the biggest beneficiary of job growth added 36,000 jobs in the month of July. Over the year, the job creations increased by a whopping 322,000.
Motor Vehicles & Parts Dealers – + 13,000 jobs
Merchandise Stores – + 6,000 jobs
2) Healthcare also witnessed significant growth by adding 28,000 jobs in July 2015 over the month and 436,000 jobs over the year.
Hospitals – +16,000 jobs
3) Professional & Technical Services witnessed addition of 27,000 jobs during this month. Over the year, this sector fared well with additions of 301,000 jobs.
Computer Systems Design and Related Services – +9,000 jobs
Architectural & Engineering Services – +6,000 jobs
Management of Companies & Enterprises – +14,000
Other sectors such as Manufacturing(+15,000),Food Services & Drinking Places(+29,000), Transportation and Warehousing(+14,000) were the other leaders with significant growth figures. The Mining sector lost about 5,000 jobs during this month. This sector has seen a considerable fall with over 78,000 jobs lost since the beginning of this year.
The average workweek for all employees rose by 0.1 hour to 34.6 hours during this month.
Average workweek for workers in the manufacturing sector stood at 40.7 hours, up by 0.1 hours, month on month.
The average hourly earnings was up by 5 cents to $24.99. Compared to the same month last year, it was up by 2.1%.
While employment across key industries continues to see an upward trend, there will be job losses at the macro level. If you’re are currently unemployed due to involuntary reasons such as lay offs, you can apply for and claim Unemployment Insurance for up to 26 weeks that helps you manage, basic expenses of life.
The Bureau of Labor Statistics(BLR), U.S Department of Labor on July 21, 2015 unveiled its monthly News Release titled REGIONAL AND STATE EMPLOYMENT AND UNEMPLOYMENT — June 2015 which provides in depth statistics on regional and state wise unemployment data, decoding the performance of various geographies within the US.
We, at fileunemployment.org have been bringing exclusive snippets of this release every month in a presentable manner. Let us take a sneak peek into the employment situation across the country during June 2015.
The national unemployment rate stood quite strong at 5.3%, which was 0.8 percentage points lower, when compared to June 2014. Overall, 21 states and the District of Columbia witnessed fall in unemployment rates, 17 states saw no change and 12 states saw a surge in their jobless rates during this month.
Split – State wise (Non farm Payroll Employment & Unemployment)
Top 3 States with biggest job gains (Over the month)
1) New York (+25,500)
2) California (+23,000)
3) Texas (+16,700)
Top 3 States with considerable number of job declines (Over the month)
1) Illinois (-7,500)
2) New Jersey (-7,400)
3) Maryland (-6,200)
Top 5 States with highest increase in unemployment percentage (Over the month)
1) South Dakota +0.6%
2) South Carolina +0.5%
Last three states at +0.4% each
Top States with highest percentage drop(Over the month)
1) Alaska (-1.1 percent)
2) Wyoming (-0.8 percent)
3) Idaho (-0.7%)
Compared to the same month in 2014, non farm employment increased in a whopping 48 states, District of Columbia and fell in just two states. Utah (+4.3%) made the biggest gain followed by Washington and Nevada at +3.5% each. On the contrary, West Virginia (-1.2%) and Wyoming (-0.7%) witnessed considerable falls in the number of employed citizens in respective states.
Nebraska stood on top of the charts by being the state with lowest unemployment rate at 2.6%.The state has been witnessing some rigorous employment scene in the last couple of months.
On the contrary, West Virginia stood at the bottom with a dismal rate of 7.4%, exceeding the national average considerably.
Overall, jobless rates in 18 states were lower than the national average, 11 states & the D.C exceeded the average and interestingly, 21 states posted rates that hovered around this figure.
During this month, New Jersey (-0.4%) followed by D.C and Connecticut (-0.3%) were the poster boys among states with biggest over the month increases. Oregon at 0.2% was the only state with over the month increase. The remaining states did not see much movement in their over the month jobless rates.
Break Up – Region wise(Non farm Payroll)
During June 2015, flag bearer Midwest continued to stay on top of the charts with an unemployment rate of just 5.0%. The Western region stood low at 5.8%. The other two regions fared pretty well during this month.
Midwest – 5.0%
Northeast – 5.4%
West – 5.8%
South – 5.3%
Split By Geographic Division
New England – 4.9
Middle Atlantic – 5.4
South Atlantic – 5.7
East South Central – 6.3
West South Central – 4.9
East North Central – 5.4
West North Central – 4.4
Mountain – 5.3
Pacific – 6.0
Employment situation in the country continued to remain stable in March 2015 with little change in overall unemployment rates that stood at 5.5%, same as the previous calendar month. Overall, there was considerable decline in jobless rates in over 23 states.
Split – State wise (Non farm Payroll Employment & Unemployment)
In total, 12 states in the country saw an increase in unemployment rates, 23 states witnessed decline along with District of Columbia and 15 states saw no change.
Top 3 States with biggest job gains(Over the month)
1) California (+39,800)
2) Florida (+30,600)
3) Massachusetts & Washington (+10,500 each)
Top 3 States which sizable job decreases(Over the month)
1) Texas (-25,400)
2) Oklahoma (-12,900)
3) Pennsylvania (-12,700)
Top States with highest percentage increase(Over the month)
4) New Hampshire
5) South Dakota
All at 0.4 percent increase each
Top States with highest percentage decrease(Over the month)
1) Oklahoma (-0.8 percent)
2) Arkansas, North Dakota & West Virginia (-0.6 percent)
Over the year, all 50 states with District of Columbia performed well with with significant job additions. Utah (+3.9 percent) led the bandwagon by achieving the highest over the year employment followed by Florida (+3.7 percent) and Washington (+3.4 percent).
Nebraska continued to be on top of charts with lowest jobless rate at 2.6%. It may be recollected that this state had overthrown North Dakota last month from the top position.
Nevada continued to disappoint with highest unemployment rate of 7.1% among all the states and D.C also stood low at 7.7%. To sum up, 20 states had rates lower than the national average in March, 11 states and D.C exceeded it 19 states were close to it.
The largest over the month decline in jobless rates occurred in Oregon and Washington (-0.4 percentage point). Out of the 4 states that recorded over-the-month increase, West Virginia (+0.5 percentage point) stood on top.
Twenty seven states witnessed rate declines from March 2014(over the year). Standing tall on top of this chart were Kentucky (-2.1%) and Michigan (-2.0 %). Louisiana at 1.1% had the biggest over-the-year rate increase.
Break Up – Region wise(Non farm Payroll)
In March, Midwest continued to top the list as it did over the last two months with lowest unemployment rate at 5.0%. Likewise, the Western region continued to tumble at 5.9%. Over the month, only the West (-0.2%) exhibited significant change. Over the year, the rates came down in all 4 regions.
Midwest – 5.0%
Northeast – 5.6%
West – 5.9%
South – 5.3%
Split By Geographic Division
West North Central led this division with lowest unemployment rate of 4.2% in March 2015 and The Pacific was the highest at 6.3%. Comparing to February 2015, significant jobless rate change occurred in The Pacific(-0.2%) only. Rates in all the 9 geographical divisions saw a considerable fall from March last year.
Break up of Unemployment rates for March 2015(Geo Division Wise)
New England – 5.2
Middle Atlantic – 5.7
South Atlantic – 5.7
East South Central – 5.8
West South Central – 4.6
East North Central – 5.5
West North Central – 4.2
Mountain – 5.1
Pacific – 6.3
The national average unemployment rate has witnessed a free fall over the last couple of months. Jobless rate last reported for February 2015 was just 5.5%, down by 1.2 percent over the year. Stakeholders across various social and economic groups have been closely tracking progress in their respective segments to monitor the impact of massive job creations in the last two calendar quarters.
A recent study by Georgetown University’s Center on Education and the Workforce titled “From Hard Times to Better Times” shows that recent college graduates in almost every major are likely to find employment opportunities than mid career high school graduates. Let us uncover key facts and figures from this study that relates to unemployment. The data considered here is from the period 2009 to 2012.
The Fact of The Matter
The jobless rates among recent college graduates varies, depending on the the bachelors degree and specialization. This study unravels the fact that graduate degree holders were sheltered from the effects of the recession. The following streams recorded highs and lows among college grads.
The unemployment rates among recent grads in the following specializations were the highest.
Social Sciences (10.1%)
Psychology and Social Work (9%)
Law and Public Policy (8.6%)
Humanities and Liberal Arts (8.4%)
Lowest in the fields below.
Agriculture and natural resources majors (4.5%)
Physical science majors (5%)
Industrial arts, Consumer services and Recreation (5.4%)
Overall, the unemployment rates declined for most majors among recent graduates. Key facts as below.
Unemployment rates among workers aged 35 to 54 with certain years of experience coupled with college degrees was only 3.3% at its peak.
For recent graduate degree holders aged between 24 to 34, the unemployment rates have flickered around 4%.
For bachelor degree holders with experience between the age of 35 to 54, unemployment rates peaked at 5.1 percent in 2009-2010 and has gradually fallen to 4.5 % in 2011-12.
Jobless Rates Among Different Groups of Workers
Among all the groups, recent high school graduates have had the worst unemployment rates peaking at 17.8% in 2011-12 down from 18.6% in 2009-10.
The unemployment rate among all high school diploma holders was down at 11.8% in 2011-12 from 12.4% in 2009-10.
The lowest group was Bachelor’s degree holders whose rates were the lowest at 5.1% in 2011-12, down by 0.4%.
College graduates had an advantage over wage compared to high school graduates in the post-recession economy. However, the impact of this reduction seem to have had little effect on the debt that college graduates hold in the economy. They carried a combined debt of $1.16 trillion in the fourth quarter of 2014, up by $77 billion, year on year. To sum it up, this year looks promising for the overall employment situation in country.
If you were recently laid off from your job, your state provides you monetary support by dispensing up to 26 weeks of unemployment compensation until you find a job. We urge you to take advantage of the unemployment insurance program which provides basic monetary backing. Its paramount to understand if you qualify before applying.
The first calendar quarter of the year 2015 has been phenomenal for unemployment situation in the country. Lowering unemployment rates has strengthened the economy. As a part of our monthly coverage of unemployment numbers released by the Bureau of Labor Statistics(BLS), U.S department of Labor, let us uncover the regional & state wise unemployment numbers.
The B.L.S released “Regional and State Employment and Unemployment – January 2015”, its monthly compilation of countrywide statistics in this regard. Fileunemployment.org has untangled the fact sheet and presents to you, data that matters the most.
The national unemployment rate at the end of January 2015 was 5.7%, which was down by 0.9% compared to the same month in 2014. The current rate though, was the same as December 2014.
Break Up – State wise(Non farm Payroll Employment & Unemployment)
Overall, 24 states saw jobless rates decrease from December 2014, only 8 states saw a spike and 18 states with District Of Columbia saw no change the unemployment rates.
Top 3 States which added most number of jobs
Top 3 States which lost most number of jobs
Overall, employment(non farm payroll) increased in 39 states, was down in 10 states & D.C. North Carolina did not see any fluctuation in its employment numbers.
Top 3 States with highest percentage increase(Over the month)
1) Idaho (+1.4 percent)
2) Hawaii (+0.9 percent)
3) Utah (+0.7 percent)
Top 3 States with highest percentage decrease(Over the month)
1) Maine (-0.6 percent),
2) Louisiana(-0.4 percent)
3) New Hampshire (-0.4 percent)
Over the year data saw non farm employment increase in 49 states & D.C. Only Maine witnessed a negligible decline at -0.1%.
Browsing the unemployment numbers, North Dakota continued to dominate the chart with lowest unemployment rate in the country at 2.8%. Nevada and Mississippi were at the bottom with a jobless rate of 7.1% each. The District of Columbia also performed poorly at 7.7%. Oregon saw the largest decrease(over the month rate) at -0.4% followed by Idaho, Maine and Rhode Island at -0.3% each.
To sum it up, 43 states in the country lowered their over the year unemployment rates in January 2015. The largest slumps occurred in Illinois and Rhode Island (-2.1 % each).
Break Up – Region wise(Non farm Payroll)
Among the regions, Midwest stood on top with lowest regional unemployment rate of 5.2%. On the other hand, West had the highest rate at 6.3%. All the four regions saw over the year declines in unemployment rates.
Split By Geographic Divisions
At 4.2%, West North Central had the lowest unemployment rate among all the geographical divisions. The Pacific had the highest jobless rate at 6.7%. All the 9 divisions saw declines in unemployment rates compared to January 2014. The largest decrease occurred in East North Central (-1.6 %).
The month of January has been promising for the labor class in the country. You must be aware of the unemployment insurance program jointly administered by the state and federal authorities. Under this scheme, unemployed citizens are eligible for weekly monetary benefits. If you’re currently unemployed, we urge you to apply for unemployment compensation. Estimate your monetary benefits before applying and know how much you can be eligible for.
US has seen a steady downfall in unemployment rates during the year 2014. As we prepare to press this article into publication, we hear some great news from the Bureau Of Labor Statistics, U.S Department of Labor. “Employment Situation”, the monthly news release added icing on the cake with revelation of unemployment rate for Feb 2015, which stood at 5.5 %, the lowest in years.
So what really triggered such a massive downfall? A combination of stimulants actually. Factors such as strong economic growth & even job creations across sectors and industries are the “key” contributors. However, a recent study sponsored by the National Bureau of Economic Research has thrown light on some startling facts by giving credit to “Cutting Unemployment Benefits”.
The study concluded that withdrawal of federal sponsored unemployment benefits extension in Dec 2013 resulted in 1.8 Million jobs being added in 2014.
Emergency Unemployment Compensation
The E.U.C as its popularly known, was a life saver program sponsored by the federal set up in 2008 during peak of recession when thousands of jobs were lost. It provided additional weeks of unemployment compensation to those jobless claimants who had exhausted the regular state provided benefits.
This program expired in Dec 2013, with no signs of renewal by the Congress which was of the opinion that the economy and jobless situation was stable and there was no need to burden the exchequer by reviving the E.U.C. It created an air of panic amongst the unemployed class, who were dependent on the monetary compensation to manage the basic expenses while they looked for jobs.
Led by Kurt Mitman, a group of fellows at National Bureau of Economic Research, carried out exhaustive study during this restless period starting early 2014 & released the papers in January this year.
The researchers used Local Area Unemployment Statistics dataset that reports county level data. They compared and analysed similar economic areas which had a variation in the unemployment compensation disbursed. Remember, during the study phase, there was a variation in the benefits offered in different states. The study points out that the average compensation weeks tumbled from 53 weeks to 25 weeks after the Emergency Unemployment Compensation program expired.
The study concluded that cutting the federal sponsored benefits had resulted increase in employment across the country. The monthly data from the BLS further strengthens this finding. More people applied for jobs since the cut that led to decrease in jobless workers across sectors.
Present Day Situation
The unemployment rates have surged in a phased manner, improving month on month, beating post recession blues. About 295,000 jobless were added in the month of February 2015 & the unemployment rate stood strong at 5.5%, a decrease of 0.1 percentage point from January 2015.
If you were laid off recently and scouting for jobs, apply for unemployment insurance that provides you weeks of monetary compensation to to help you manage day to day expenses.
Who are seasonal and contract workers?
Seasonal, contract workers and temporary employees who are hired for a fixed term or have a job opportunity only during a particular season. These days, taking up a fixed term work has become quite common in many countries. Fixed term work usually falls into one of the following two categories.
Where a person is hired directly by the company
Where a person is contracted to a company by another organization
While seasonal jobs too are for a certain period, they are not exactly similar to contract jobs. Jobs like being a tourist guide, athlete etc fall into the seasonal category.
Both these types of workers often find it difficult to find a livelihood when the term or season is over. Unfortunately, not all states pronounce them eligible for UI benefits.
**If you are someone who has benefit weeks remaining in your UI account and would like to claim the balance, read our insightful guide on How to re open unemployment claims before contacting the state unemployment insurance agency.Suggest this to a friend or family member if they are in a similar situation.
Whether or not seasonal employees are covered by unemployment insurance is a matter that is decided by individual states. Generally, if the employer pays the relevant taxes into the system that contribute to UI funds, a seasonal workers can claim UI benefits. In most cases the benefits are denied if the employer declared themselves as a seasonal company and do not pay into the system.
Contract workers are typically entitled to UI benefits because companies pay the relevant taxes into the system. Federal and state taxes and worker’s compensation tax component are paid by businesses who hire contract workers. However independent contractors are usually not eligible to receive unemployment benefits. This is due to the fact that companies who hire them do not pay the taxes that contribute towards UI fund.
Both seasonal and contract workers must have worked for the state mandated minimum hours and earned the minimum pay during base period to be eligible. They should also prove that their lack of employment is due to no fault of their own. For further details on eligibility criteria, contact your state’s unemployment insurance agency.
We generally encourage every unemployed person to file for benefits as soon as they are unemployed. We suggest the same in case of seasonal and contract workers too.
To apply for unemployment benefits, the contractor or seasonal worker must not have quit their previous job. Should they be unemployed for any reason other than lack of work or through some fault of the employer, they may be denied benefits. Number of weeks and hours worked varies from state to state, so make sure that you contact your state’s unemployment insurance office before you set about filing your claim.
You will need your employment history which includes duration of work, wages earned and details of your ex- employers. You will need your social security number and some other important documents as well. Once you have gathered all this, you can proceed to file your claim via telephone, Internet or mail, although we suggest doing it through the Internet as it is faster.
A word of advice
Being unemployed can be a difficult time for anyone. Along with filing for benefits with your state, you must also make sure that you actively search for new opportunities as it is difficult to survive on the benefit amount provided by the state alone. Seasonal and contract workers usually have the benefit of possessing a unique skill which often makes them valuable work force. Stay positive and spend time with your family and friends. We sincerely hope that you will find greener pastures soon. Good luck!
Those who have exhausted their allocated state provided unemployment compensation will always have a question lingering on the mind. What do I do next? This question can be a great concern if you’ve not got a job yet. Generally, in most of the states across the country, the payout will be unto a period of 26 weeks.
The heavily dependent Emergency Unemployment Compensation or E.U.C as popularly known remains expired as of Dec 28, 2013 with no sight of renewal by the Congress. This scheme sponsored by the federal govt. provided additional weeks of unemployment compensation to the jobless who had drained their regular state provided benefits.
Prepare for It
Remember, this may not really be end of the story. You may be eligible for assistance from other state agencies and non-profit organisations to help you make ends meet while you continue to look for employment. Information regarding cash assistance, food and nutrition assistance, child care and more may be available in your state. Information regarding these programs will be available with the relevant authority in your state.
Don’t wait until you get your last check to start taking action. Here are a few pointers that will help you to buckle up, take stock and prepare for it.
The Frequently asked questions section will be a great help in guidance if you are still claiming benefits or looking forward to applying for unemployment insurance.
Make job search a “High Priority”
Remember, the UI benefits received were temporary. You cannot live on it forever. Make it a habit to spend as much time allowed applying to new employment opportunities. Look in your local newspaper, browse websites, lookout for networking opportunities like job fairs that could put you closer to that next opportunity.
The internet is the best place to scout for jobs.
Plan your household budget
If expired benefits have made a financial crunch more burdensome, food and shelter are the two most important amenities. Until you’ve found new employment, make it a rule that there is no more disposable income in your household. If cell phone, Internet, or cable isn’t absolutely necessary, cancel them, or seek out cheaper subscription plans or calling cards. The same goes for auto insurance.
Go back to school
Take courses at community colleges and attend professional networking events and seminars to brush up on your existing skills, and to learn others. If tuition is cost-prohibitive, seek out scholarship aid or register as a matriculating student. Branch out to learning different subjects or majors — uncovering a new skill set could lead to a successful career change. New education can also lend a competitive edge to older professionals facing unemployment, looking to compete in a younger job market.
Get professional advice
There are hundreds of advisory websites out there who will answer your questions in almost all areas of concern related to unemployment. Make the best use of these sites by either reading the articles, expert write ups or simply use our Discussion forum Q & A section to ask a question that is specific to you.
Always remember, it’s just not you out there undergoing this ordeal. There are thousands of jobless citizens fighting their way out of this temporary state. It’s very important that you remain optimistic and make best use of available resources.
The unemployment rate reached a record low in the month of April and has persisted with the same rate in May. Presently standing at 3.6 percent, the unemployment rate is at its lowest in the last 50 years.
There are various reasons that are responsible for the reduction in the unemployment rate. Among others, the performance of some states in increasing the employment opportunities must be given due credit.
Below is the list of five states that have recorded the lowest unemployment rate for the month of May 2019:
Top 5 states recording the lowest unemployment rates for May 2019:
April 2019 rate (%)
The state with the lowest unemployment rate for the month of May is Vermont, which stands at 2.2 percent. This is considered to be the lowest ever figure for a state ever since the U.S. Bureau of Labor Statistics online historical series started in 1976.
In the last year, sectors such as durable manufacturing, accommodation & food services, and health and social assistance have been hiring a large number of people. The total workforce population of Vermont is 345,000, which in comparison to other states is a relatively small population. It has, nevertheless, managed to provide employment opportunities to most of the eligible job-seekers.
Click here to know more about Vermont’s unemployment benefits.
North Dakota’s incredible growth has resulted in elevating the state to reach the second position. With the unemployment at 2.3 percent, the state just fell behind Vermont by 0.1 percent.
Unemployment peaked in North Dakota in 2009 at 4.3 percent. The state managed to reduce 2 percentage points in the span of 10 years. The number of unemployed persons has also come down from 15,724 to 6,382. Click on the link to know about the UI benefits in North Dakota,
Iowa, along with New Hampshire recorded the third lowest unemployment rate for the month of May. The state has an unemployment rate of 2.4 percent, which is second only to Vermont and North Dakota.
The number of people that are unemployed has dropped to 40,000, whereas the total workforce is over 1.7 million. Those who are looking for UI benefits in Iowa, check the Iowa Unemployment Benefits page.
New Hampshire shares the third place with Iowa with a 2.4 percent unemployment rate for the month of May. The state is also regarded as one of the healthiest states to live in. It also has the second lowest crime rate in the United States.
With all these distinctions, New Hamshire is surely one of the most attractive destinations for both prospective employers and employees. Out of the civilian labor force of 764,000, around 18,910 people are yet to land a job in the state, while the remaining 745,090 are employed.
Hawaii, with a 2.8 percent unemployment rate, stands in the fifth position for the month of May. Although the state is facing some challenges in producing more jobs due to an economic slowdown, it has managed to keep most of its workforce employed.
The state’s workforce has a strength of over 670,000, out of which over 19,000 are still looking for a job.
The contribution of these states along with the others has led to the reduction of the unemployment rates to a historic low in the country. A more prolonged performance as this would help create a lot more jobs for future generations.
The Bureau of Labor Statistics, U.S department of Labor, released its monthly report on employment situation across the country. This data sheet was in form of a news release that was published on Friday, October 3rd 2014 –“The Employment Situation — September 2014”
Our efforts are to keep readers & patrons updated on the latest news on employment situation in the country. We have decoded this extravagant fact sheet and we present the data that matters to you the most.
There is joyful news this time around. The national average jobless rate for September 2014 is 5.9, which is a 0.2 percentage points shrinkage from August 2014. This is significantly the lowest since the onset and retreat of recession in the country.
Around 248,000 jobs were added during this month which is a sharp rise of about 42.74 % when compared to August 2014, where about 142,000 jobs were added. This is an ice breaker figure and represents affirmative times ahead for the nation.
The number of unemployed persons was down by 329,000 to about 9.3 million. Year on Year, the unemployment rate and the number of unemployed persons were down by 1.3 percentage points and 1.9 million, respectively.
Household Survey Data
Unemployment rates for major worker groups are as below.
Adult men (5.3), Adult women (5.5), Teenagers (20.0)
The number of long-term unemployed (those jobless for 27 weeks or more) remained stagnant at 3.0 million. These individuals constitute about 31.9 % of the total unemployed.
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) during September was 7.1 million. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.
Establishment Survey Data
Total nonfarm payroll employment increased by 248,000 in September, compared with an average monthly gain of 213,000 over the prior 12 months. Professional & business services, retail trade & healthcare sectors saw growth in jobs.
Professional and business services added 81,000 jobs during the month
Job growth in retail trade rose by 35,000
Employment in health care increased by 23,000
Information sector added 12,000 jobs with a gain of 5,000 in telecommunications
Mining added 9,000 jobs during this month
Food services and drinking places added a significant number of jobs(20,000)
Construction industry also saw an upward trend which added about 16,000 jobs
The average workweek for all employees on nonfarm employment went up by a meagre 0.1 hour to 34.6 hours.
Average hourly earnings for all employees on private nonfarm payroll stood at $ 24.53 which is an increase of 2.0 per cent, year on year.
If you’re unemployed and looking forward to claiming unemployment compensation for the first time, we suggest that you read our informative guide before applying to help you understand the UI system.