FileUnemployment

The employment situation for the month of July has seen little changes from the previous month. The unemployment rate remains at 3.7 percent in July, indicating that the rate remains unchanged.

The job growth, however, has not increased in comparison to the previous month. The important news to emerge from the ‘Employment Situation Report- July 2019’ is that the job growth numbers given for May and June have been revised. The total payroll gain is reported to be 41,000 less than that was previously reported for May and June combined.

The payroll increase for May is revised to 62,000 from the earlier reported figure of 72,000. The increase for the month of June is revised to 193,000 from the previously reported 224,000.

The nonfarm payroll jobs increase reported for the month of July is 164,000. The figure is lower than the newly revised figure of the previous month.

Establishment Survey Data

The job gain in July is in line with the average employment growth in the first six months of 2019. Some of the notable contributors in creating jobs for July are professional and technical services, health care, social assistance, and financial activities.

Professional and technical services added nearly 31,000 jobs for the month of July. This also takes the yearly average of the sector to 300,000, which accounts for one-third of all jobs created in the last year.

The jobs created by the healthcare sector for July is 30,000 for the month of July. The total jobs added by the health care sector over the year is about 405,000, which accounts for nearly two-thirds of all jobs created.

The jobs added by social assistance and financial activities sectors are 20,000 and 18,000 respectively in the month of July.

The average workweek for all workers has come down by 0.1 hours, standing at 34.3 hours in July. This decline has been steeper in the manufacturing sector, which registered a decline of 0.3 hours, standing at 40.4 hours.

The wage rate has seen a rise in July, keeping up with the rate that was recorded in the previous month. The average hourly earnings have increased by 8 cents, standing at $27.98. The rise in the previous month too was 8 cents, thus indicating that the rate of wage growth has not seen much difference in July.

Household Survey Data

The ‘major worker groups’ have not seen big changes in the rate of unemployment as compared to the previous month. The unemployment rate of the major workers’ groups for the month of June are:

Workers Groups Unemployment Rates
Adult Men 3.4 percent
Adult Women 3.4 percent
Teenagers 12.8 percent
White population 3.3 percent
Black population 6.0 percent
Hispanic population 4.5 percent
Asian population 2.8 percent

As per the data presented in July, there has been a marginal increase in the unemployment rate of adult men, women and teenagers. In the case of racial groups, there has been a marginal increase in the rate of unemployment for the Hispanic population. The only considerable difference appears in the rate of unemployment of the Asian population, which has come down to 2.8 percent from 2.1 percent in the previous month.

Final Analysis

Although the number of jobs created in July is lesser than the rate of growth in June and May, the overall growth rate seems stable. There has also been an increase in wages, which although is marginal, is a positive sign.

The unemployment rate stands at 3.7% as of June 2019. As you may know, unemployment benefits (UI) will help make up for lost wages when you are between jobs. When you are submitting unemployment claims, you should opt to file for UI benefits online as it is faster and more convenient.

There are many benefits in filing for UI benefits online. Read on to know how to go about filing claims online. All you will need is a simple internet connection, and the know-how of how to submit claims and you’re good to go!

How To File Your Unemployment UI benefits Online

Follow these steps to make your unemployment claim online:

1. Contact Your State Agency

Get in touch with your State unemployment agency via email, or phone or visit fileunemployment.com to check your benefits. Your state unemployment agency is your only point of contact if you want to receive unemployment claims.

2. Check Your Eligibility 

For an individual to avail benefits, you must have become unemployed through no fault of yours. You can check the benefits that you may receive using our base period calculator. The eligibility criteria for each state is different, and this will determine the weekly benefit amount you may receive.

3. Submit Your UI Benefits Online

Filing an unemployment claim is pretty easy nowadays, and with the advent of the internet, you can check your unemployment claims online. Always check what is your base period and if you are eligible before filing for UI benefits. 

4. File Your Weekly Claim

All individuals who file for claims are expected to file weekly claims truthfully and on time. To submit an online claim, you should submit a claim on the state’s unemployment website. It is recommended to file a claim in the state that you worked in. Always give complete information such as your home address and dates of your previous employer to make sure your unemployment pay is not delayed. 

Here Are Some Advantages To Why You Should File UI Benefits Online:

1. Time Efficient 

Filing claims online would ensure that you wouldn’t have to wait in long queues. You can file your claims at a time and place convenient to you. You don’t have the hassle of going to the insurance agency’s office and waiting for your turn. 

2. Accuracy

All the information provided on an insurance website is generally accurate and ensures individuals a step-by-step process on how to file unemployment returns. The chances of an error are minimal as the insurance websites are generally error-free. 

3. Mobile Friendly 

You can always use your mobile to sign up for federal benefits. Whether you are in the US or anywhere in the world you can file your claims on the mobile. This makes it extremely easy and convenient as you can file for your unemployment on the go. 

4. Cost Saving

You don’t need to pay for postage or fax expenses, as you can file for your unemployment returns from anywhere in the world all you need is a working internet connection.

A Quick Claim Solution

Why use age-old techniques like fax, phone, and email when everything can be done online. You can check how much you can claim on websites such as FileUnemployment.org, get news, use free calculators to determine your benefits and readily available unemployment information. If you have a question about unemployment, benefits, making a claim or other details then you can always write to us in the comment section below.

The employment situation in June has shown promise in creating opportunities and increasing wage growth. The performance by the US economy has exceeded the expectations as it added nearly 224,000 jobs, thus providing more opportunities against the market expectations of 162,000 jobs. The employment situation in June, therefore, has created more optimism among the policy-makers and job seekers after a brief period of slow growth.

The rate of unemployment has seen a slight change as it has gone up to 3.7 percent from 3.6 percent in May. Despite this marginal increase in the unemployment rate, the increased job creation is said to have given the momentum to the US economy. 

The US economy added about 172,000 jobs a month on average in the last three months, which was down from 223,000 in the previous year. The addition of 224,000 jobs in June, however, has helped cool off the pressure on the economy.

Establishment Survey Data

Notable job gains were made in professional and business services, health care, and transportation and warehousing. The professional and business services added over 51,000 jobs for the month of June, which is one of the top performers of the month. 

The average employment growth in professional and business services is 35,000 a week in 2018 and the month of May saw a meager increase of 24,000. However, the increase in June has been remarkable as it also went above the employment growth of 2018, which was 47,000.

The health care sector added 35,000 jobs in June, in which ambulatory health care services and hospitals added the most number of jobs – 19,000 and 11,000 jobs respectively. The construction sector (+21,000), manufacturing (+17,000), transportation and warehousing (24,000) have also added a significant number of jobs in June.

The average hourly wage earnings for all employees increased by 6 cents, following the 9-cent increase in May. Over the last 12 months, hourly earnings of employees have increased by 3.1 percent.

Household Survey Data

The employment status of the major workers’ groups has seen little changes from the month of May. The unemployment rate of the major workers’ groups for the month of June is as follows:

Workers Groups Unemployment Rates
Adult Men 3.3 percent
Adult Women 3.3 percent
Teenagers 12.7 percent
White population 3.3 percent
Black population 6.0 percent
Hispanic population 4.3 percent
Asian population 2.1 percent

The labor force participation rate was at 62.9 percent, which witnessed little change from the month of May. The employment-population ratio remained unchanged at 60.6 percent for the fourth month in a row.

Final Analysis

The increase in the number of jobs for the month of June has alleviated eased the pressure on the United States’ economy. The slow growth of the job market in May had raised questions on the health of the economy, and on the future course to be taken to stabilize the economy.

The positive figures presented in June has given a breathing space for the policymakers and has also given an impetus to workers and job-seekers as the rate job-creation and the average weekly wages have increased.  

  

The employment situation for the month of May has steadfastly maintained the growth achieved in the month of April. The unemployment rate has remained at 3.6 percent, which still remains to be the lowest rate in the last 50 years. The month of May will be the record 15th month to witness the rate of unemployment grow under 4 percent.

Establishment Survey Data

The professional and business services and healthcare companies have added more jobs than other sectors in May. The two sectors have added 33,000 jobs and 16,000 jobs respectively. However, there has been a substantial fall in job growth in these sectors when compared to the previous month. The professional and business services added 76,000 jobs and the healthcare sector added 27,000 in the month of April.

The reduction in job growth is not newly encountered in the month of May as this phenomenon has been observed since the month of March. The US just added an overall of 75,000 jobs in the month of May, which is significantly lesser than 224,000 jobs added in April. The average job growth has come down to 151,000 in the last three months (March, April, and May) against the average of 196,000 in the last 12 months.

This trend of reducing job growth, in spite of the unchanged unemployment rate, is worrisome due to the ongoing global trade disputes, particularly between the US and China. The heat is particularly felt by the construction and manufacturing companies. Employment in construction companies saw a small improvement of 4000, whereas the industry added over 30,000 new workers in April.

Manufacturing companies, along with mining, retail trade, retail trade, transportation, and warehousing companies witnessed a very small change in job growth in May. Along with the reducing job growth rates, another important indicator that is pointing towards the sensitivity of nature of the economy was the ISM Manufacturing Index.

The ISM Manufacturing Index is considered as one of the most important indicators of recent US economic activities. The Index showed that the economic activity in the month of May was at the lowest level in the last three years. This indicates another warning to the strength of the factory sector.

Household Survey Data

The status of the labor force has seen little to no change in the month of May, as compared to the month of April. The status of the major worker’s groups for May are as follows:

Workers Groups Unemployment Rates
Adult Men 3.3 percent
Adult Women 3.2 percent
Teenagers 12.7 percent
White population 3.3 percent
Black Population 6.2 percent
Hispanic population 4.2 percent
Asian population 2.5 percent

The month of May witnessed a marginal increase in the rate of persons unemployed less than 5 weeks and persons who are long-term unemployed. Persons unemployed less than 5 weeks increased by 243,000 to 2.1 million, whereas the long-term unemployed stood at 1.3 million.

The labor force participation rate and employment-population ratio both remained unchanged from the month of April, as both stood at 62.8 percent and 60.6 percent respectively.

Final Analysis

The trends displayed in the month of May may ring a bell of caution to the policy-making fraternity of the United States. The reducing job growth rate and the not-so-promising ISM Manufacturing Index results for this month indicates that there might be some challenges up ahead to contain the reduction of job growth rate.

Although the overall rate of unemployment stands at a record low as of May, there is a need to take steps to increase the rate of job growth to achieve sustainable growth.

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 4 percent. While the drop in the rate of unemployment appears to be a good sign for the economy on the outset, this statistic alone does not show the entire picture.

The Employment Situation Report for the month of April suggested that the US economy added no less than 263,000 jobs in the month of April. Along with the decline in the rate of unemployment, the United States economy has also witnessed another highly encouraging development.

The wage growth in the last nine continuous months has been over 3%, with the month of April recording a rise in the wage rate by 3.2%. The United States economy has witnessed the wage rate growth in such continuity for the first time since the great recession of 2008-09.

As the United States enter into a positive time-period with respect to the growth of employment rate, the government still have a major concern to address. The concern being, the 3.6% unemployment rate does not completely encapsulate the actual state of the matters on the grassroots level.

The official unemployment rate only includes those in the ‘labor force’. To remain in the labor force, the requirement is that one must have looked for an employment opportunity in the last four weeks.

The real unemployment rate, as opposed to the official unemployment rate, also includes the underemployed, the marginally attached, and discouraged workers. As a result, the real employment rate is considered to be more comprehensive as it represents a larger set of people who are at the bottom of the labor market.

The rate of real unemployment in the US is 7.3% for the month of April. Also, the reduction in the main unemployment rate is coincided with a decline in the labor force participation by 0.2 percentage point, which currently stands at 62.8%.

The records show that the share of people working or actively looking for work has seen a bare minimum change in the last seven years. This shows that aspects such as job mobility, combined with mediocre wage rate growth is not helping the employees grow in reality.

To counter this and provide a more organic environment for the employees and the employers, the government must come up with a comprehensive job creation strategy. The government must also cater to those who are not in the ‘labor force’, along with those who are currently seeking a job to see more sustainable growth in the economy of the United States.

The United States already gives importance to the start-ups to make sure that more and more people get opportunities. Start-ups are also said to produce a large number of jobs due to the sheer number of new ventures that come out every year. The successive governments over the years have spent a lot of amount of money to provide an organic infrastructure to help start-ups to prosper.

The issue here is that, in spite of the investment and support, nearly 75% of the start-ups fail in the early years. Also, Startups that have less than 20 employees generally have a negligible effect on net job creation until they pass the 5-year period.  

The government must diversify its policy programs beyond the start-ups, which is currently given high importance with respect to job creation. Sectors such as manufacturing, construction, and health care have been steadily increasing the intake of people. Governments providing incentives to these industries to create more jobs will help in creating more stable jobs. This may help in bringing down the number of underemployed and marginally attached workers.

There is a need for the government of the US to diversify its purview beyond the start-ups and look to provide incentives for high-impact companies that are locally based to accelerate the next level of growth.

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 additions. The employment situation in December has also influenced by major government decisions such as the partial Federal Government Shutdown.

Household Survey Data

The month of December saw an increase of 0.2 percentage points in the unemployment rate. By the end of the month, the number of unemployed people was increased by 276,000, taking the overall unemployment figure to 6.3 million. This indicates a marginal increase in the number of unemployed persons from the previous month, which stood at 6 million. The situation during December 2018, however, still appears to be an improvement from the situation prevalent in December 2017, when the United States had 6.6 million unemployed persons at this time.

The unemployment rate of various groups gives a broader picture of how the country has fared when compared during the same time, last year.

Group
Unemployment Rate (December 2018)
Unemployment Rate (December 2017)
Men 3.6% 3.8%
Women 3.5% 3.7%
Whites 3.4% 3.7%
Blacks 6.6% 6.8%
Asians 3.3% 2.5%
Hispanics 4.4% 4.9%

This is further elucidated in the chart below:

Comparision of December 2017 and December 2018

The above representation shows that the rate of unemployment has decreased in 2018 when compared to 2017. However, the numbers in December have marginally increased compared with the previous month.

The month of December witnessed a minor change in the data of job-leavers and those who are long-term unemployed. Job-leavers are those who have quit their jobs and have immediately started looking for a new job, and long-term unemployed persons are those who have not been employed for at least 27 weeks or more. The number of job-leavers has increased by 142,000 in the month of December, which takes the overall tally for the year to 839,000. On the other hand, the number of long-term unemployed has seen a marginal decrease, coming down from 20.8% of overall unemployed to 20.5%.

Coming to the situation of labor force participation rate and employment participation ratio, there have been some minuscule changes. The data for December shows that the former has seen a marginal increase from 62.9% in November to 63.1%, whereas the latter remained unchanged for the third consecutive month, standing at 60.06%.  

The number of persons who are marginally attached to the workforce and the number of persons employed part time for economic reasons too have come down in December. The number of persons who are marginally attached to the workforce reduced from 1.7 million in November to 1.6 million in December, and the persons employed part time for economic reasons came down from 4.8 million in November to 4.7 million. Also, it is worthwhile to note that the number of discouraged workers, those who believe that there are no jobs for them at present, has come down by 99,000 from 2017.

Establishment Survey Data

The total increase in the non-farm payroll employment for the month of December has doubled from November. The total increase in the month of November was 155,000, whereas a total increase in December is noted to be 312,000. Much of the job-gain has occurred in healthcare, manufacturing, food services, construction, and retail.

Continuing the growth from November, the healthcare sector has been a leading employer in the month of December as well. The sector has added nearly 50,000 jobs in the month of December. Within the healthcare sector, major recruiters have been ambulatory services (adding nearly 38,000 jobs) and hospitals (adding 7000 jobs). The total number of people recruited by the healthcare industry in 2018 is 346,000.

Construction and manufacturing have contributed 38,000 and 32,000 jobs respectively in December. Within the construction industry, job gains were made by nonresidential trade construction and civil engineering (both adding 16,000 jobs respectively). Within the manufacturing industry, a large number of jobs were added by manufacturing durable goods component (added 19,000 jobs) and manufacturing fabricated metal products (added 7000 jobs). The construction industry added a total of 280,000 jobs in 2018, and the contribution from the manufacturing sector stands at 207,000 jobs for the year.

Due to the increase in recruitment by the general merchandising stores (adding 15,000 jobs) and automobile dealers (adding 6000 jobs), the overall retail sector has added a total of 24,000 jobs to the American economy in the month of December. However, the employment rate in sectors such as mining, wholesale trade, transportation and warehousing, information, financial activities, and government remains unchanged in December.

This suggests that those who are on the lookout for a new employment opportunity, healthcare, manufacturing, constructing and retail are recruiting in large numbers, as opposed to other industries in the country.

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 rate of unemployment remained unchanged for the third month in a row at 3.7%, and the number of unemployed persons changed marginally standing at 6 million. In the course of the year, however, the number of people unemployed and the rate of unemployment declined by 641,000 and 0.40% percentage point respectively.

The unemployment rate for various groups can be found in the table below:

Group
Group Unemployment  Rate
Men 3.3%
Women 3.4%
Teenagers 12%
Whites3.4%
Blacks5.9%
Asians2.7%
Hispanics 4.5%

The above data indicate that there are little to no changes in comparison to the previous month.

The rates of labor force participation and the employment-population ratio, remain unchanged at 62.9 percent and 60.06 percent. The numbers of persons employed part time for economic reasons, however, changed a little, standing at 4.8 million.

The number of long-term unemployed (those jobless for 27 weeks or more) has come down by 120,000, with the overall figure now standing at 1.3 million for November. This group accounted for 20.8% of the overall rate unemployment rate. These involuntary part-time workers seek full-time employment but end up with part-time jobs because of either their due to the reduction in their working hours or due to the inability to find full-time job opportunities.

In November, 1.7 million people were marginally attached to the labor force, which is said to be an increase of 197,000 from the previous year. These people were not in the labour force in the previous year and were not counted as unemployed as they did not make an attempt to find employment.

Among the marginally attached, it is said that 453,000 people are identified as discouraged workers. Discouraged workers do not look for work in the current scenario as they believe that there are no jobs available for them. The other 1.2 million people are marginally attached to the labor force, as they have not looked for work due to commitments such as school attendance or family responsibilities.

Establishment Survey Data

In November, the total non-farm payroll employment increased by 155,000, which is lesser than the average monthly gain in the previous 12 months, which stands at 209,000. Healthcare, manufacturing, transportation, and warehousing sectors were some of the areas that witnessed job gains in the given month.

The healthcare sector added 32,000 jobs in November. Within the industry, employment growth occurred in ambulatory healthcare services, adding 19,000 jobs and hospitals adding 13,000 jobs. Over the year, the healthcare sector has added 328,000 jobs.

The manufacturing sector has added 27,000 jobs, with chemicals and primary metals adding 6,000 and 3,000 jobs respectively, in November. Overall, the manufacturing sector has added 288,000 jobs in the course of the year, largely in durable goods industries.

Transportation and warehousing sector has reportedly added 25,000 jobs in November. Within the industry, growth occurred in couriers and messengers, adding 10,000 jobs and warehousing and storage, adding 6,000 jobs. Over the year, this sector has added 192,000 jobs.

Other industries that have experienced job growth in November include professional and business services, which added 32,000 jobs, retail trade added 18000 jobs, merchandise stores added 39,000 jobs and miscellaneous store retailers added 10,000 jobs.

There were also industries that recorded a decline in job growth, such as the clothing and cloth accessories industries lost 14,000 jobs, electronics and appliance stores lost 11,000 jobs and sports, books and hobby stores lost 11,000 jobs.





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