To find out all about Coronavirus-related unemployment benefits     
FileUnemployment

The word ‘Silicon Valley’ reverberates through the entire world as a synonym to the most business friendly environment! So what characteristics of a city shortlists one into being considered as one of the most sophisticated and convenient places to set up your business? Is it the number of research organizations/universities or the already established and thriving companies?

Many studies provide evidence supporting the claim of existing successful companies which apart from putting the city on the map, also encourage the government to pull fewer strings in the market environment. The alternate story is where the absence of governmental supervision can in the long-run damage the prosperity of a company itself. Some exclusive policies which may prove detrimental to a tech or manufacturing-centred businesses consequently beg the need for more inclusive policies which are more accommodative of new industries. Criteria applied while measuring the ease of setting businesses are the availability of staff and their skill set, unemployment rates, friendliness in acquiring licenses and tax regulations. 

Top 5 Metro Cities For Businesses In US
Location on the U.S map

After referencing extensively on various business surveys, here are our top 5 metro cities for setting up enterprises-

Austin, Texas

Austin has consistently ranked on the top as the friendliest for small businesses. What is so special about Austin that makes it a clear standout and is among the top 3 in the several studies conducted? Over the years, the government of Texas has shown lesser inference in markets which are measured under the criteria of Health and Safety, Licensing Requirements, Tax Regulations, Environmental Rules, and Labor Regulations. At 35%, Tax regulations were considered 9% more friendly than the national average and ranks the highest of all states with Licensing Requirements. With the Environmental rules, it has been found that 17% of the businesses found it unfriendly while the national average for the same was 15%.

Austin is also known to provide extensive training and networking programs. Also as of 2015, Texas was home to 2.412 million small businesses hence accounting for most of the employment opportunities in the State – with Austin contributing the most. Due to the recently witnessed boom, its unemployment rate is as low as 3.1%, and the rent for commercial spaces has shot up by 30%.

Provo, Utah

Provo, an emerging hub for startups and businesses has attracted attention for all the good reasons. From being one of the best places to raise a family and also one of the healthiest places to live, it has always found its place in the Top 10 of all surveys. One of such surveys, conducted on behalf of the U.S Chamber of Commerce Foundation, Praxis Strategy Group has conducted a survey on methodologies involving Economic Performance, Transportation and Trade, Innovation and Entrepreneurship, Business Climate, Talent Pipeline, and High-tech Performance.

Be it business centered on STEM or a public-private collaborative set-up, the Utah government has come up with new, exciting and innovative policies and incentives to attract businesses. Governor of Utah, Gary H. Herbert, in collaboration with Goldman Sachs announced the initiative named, 10,000 Small Businesses to help create jobs and increase economic growth. Another initiative linked with imparting education on ethics in business is the Daniels Fund Ethics Initiative. All of these aim to make Utah the next hub of Startup Culture steeped in quality-rich ideas for businesses.  

Utah, with an unemployment rate of 3.9% and a job growth rate of 4% has proved itself to be one of the best places in America to start a business. The results do not necessarily point to the quantity but has also been found to have fared well in terms of quality of business ideas and innovation.

Washington D.C

With a record for highest number of bachelors in the city, Washington D.C isn’t all about politics but provides a wide array of opportunities even to students in the STEM (Science, Technology, Engineering, Mathematics) avenues. Impact Washington, a highly successful NGO aims to empower and strengthen manufacturers to make them globally competitive. A support in the form of expert advice and networking opportunities can really work wonders for a startup looking for investors or customers. As long as NGO’s like these constantly work to keep the network connected, and to help you with business registration, there is always a better chance at taking your business to bigger heights.

Also, organizations help influence policy decisions in the state – one of the successful policies being, Washington Economic Development Finance Authority’s Industrial Revenue Bond Program. Unlike other cities, which function as part of the state, Washington D.C is a federal state which provides the benefit of a healthy and steady economy, thus contributing to an altogether business friendly environment. Although Washington D.C lacks universal consensus on its business-friendly nature, it ranks an overall B- in the Thumbtack small business friendly survey, computed based on the ratings of the existing businesses in the city.  

Maryland

The Government in Maryland is known to be very supportive of policies that are business friendly, the examples of which are rolling out of exclusive department under Governor Hogan’s stewardship called, the Office of The Secretary of Commerce. He also renamed the department of Business and Economic Development into Department of Economic Competitiveness and Commerce. Maryland Technology Development Corporation (one of the organizations formed by the government to assist entrepreneurs in commercialization of research work, and also providing funds like, Technology Commercialization Fund (TCF), CyberSecurity Investment Fund (CIF), which together contribute to offering 225,000 US dollars, single-mindedly aiming at bringing more entrepreneurs into the market scene. It also works to protect labor laws and healthcare system, the backbone of which is the BioHealth Innovation (BHI).

Other indispensable resources for an aspiring entrepreneur would be the Maryland Entrepreneurs Resource List, a networking tool for young people looking to network with like-minded people and also The University of Maryland Baltimore County’s ACTiVATE initiative targeted at female entrepreneurs who are providing a year’s support along with sound guidance depending on the idea each is working on.

The State ranks no.3 at Innovation and Entrepreneurship, 2nd at Talent Pipeline and no. 5 at the high-tech performance.

Dallas, Texas

Dallas is a haven for all alike – with decent salaries, reasonable home prices in addition to the complete absence of individual income tax or corporate income tax. Haven, indeed! As previously mentioned for Austin, Dallas substantially contributes to the 2.2 million number of small businesses, most in the sector of technology, financial services, and defense. The Dallas or the Fort Worth Area attracts the most number of investments into all sorts of industries and small businesses.  With unemployment rates far below the national average at 3.7% and a whopping collection of $104 million from startups in the first quarter of 2016, Dallas has by far simplified most problems encountered by entrepreneurs at the inception of a business enterprise.  

Yes, The City Matters!

Ironic as it sounds, California, the home to the Silicon valley has dropped in its rankings far more drastically than you would expect. Cities are nothing short of dynamic breeding houses for entrepreneurs, which inevitably leads to social changes anyone normally wouldn’t expect. And as a result of this dynamicity, the governance change, the attitude to business enterprises change. A developing (as opposed to a developed) city now provides more promises for a small business to thrive as the laws in the state are flexible enough to attract more people who could innovate and fill-up existing voids in the market. The findings of the United States Small Business Friendliness Survey, which has been conducted consecutively for the past five years reinforces this fact by placing California in one of the lowest ranks.

California may now be a bad place to set up a new business altogether, however, if you are one looking for a new job, California may not be a bad place. For information on unemployment benefits, use our benefits calculator stacked along with eligibility requirements to know more.

Searching for the perfect city isn’t easy when you will have to scout for the cheapest labor along with governments which connect the unemployed populace with the job-creators. This requires a synergy between the labor and the business sector which we can vouch for in the above cities. We hope this article has burst the myths surrounding what makes businesses tick! Sometimes you may have the best of ideas to enforce, but are lacking a great team, a government that doesn’t support or a dearth of capital – so businesses are not all about ideas but are also about other factors, social, economic and most of all what we’ve been trying to prove, the city itself. You’ve got an idea, now make the search for the perfect city a priority!

 

The unemployment situation in the country has witnessed little movement over the last 2-3 months. During the month of August 2016, it continued to remain stable with an unemployment rate of 4.9%, the same as last month. In aggregate, the economy added a little over 151,000 jobs across various sectors and industries. It must be noted that there were 255,000 jobs added in last the calendar month.

The service industry continued to churn out the highest numbers of jobs in the USA compared to its manufacturing counterpart. The number of unemployed persons in the country stood at 7.8 million. Let’s explore the monthly news release from the Bureau of Labor Statistics, U.S Department of Labor titled “ The Employment Situation – August 2016” to mine some interesting data and draw comparisons.

Unemployment Rate Among Major Workers Groups

  • Adult Men – 4.5%
  • Adult Women – 4.5%
  • Teenagers – 15.7%

While the number of jobless workers in the category of adult men came down by 0.1 percentage points, the adult women category recorded a small rise of 0.2 percentage points in comparison with last month. Unemployment among teenagers continues to be premium with no signs of improvement.

Unemployment Rate Among Ethnic Groups

  • Blacks – 8.1%
  • Asians – 4.2%
  • Whites – 4.4%
  • Hispanics – 5.6%

The unemployment among Blacks was down by 0.3 percentage points from last month. Notably, the joblessness among Asians edged up considerably by 0.4 points. Hispanics and Whites continued to exhibit stable employment in the respective categories.

General Highlights

  • At 2.0 million, those falling under the category of long-term unemployed remained the same as last month. Jobless workers who continue to remain unemployed for 27 weeks or more were considered.
  • The number of people who worked part-time for economic reasons was 6.1 million. They are tagged so because of their availability to work full time but involuntary reasons kept them at bay.
  • In the category of marginally attached to the labor force, a little over 1.7 million persons were tagged under this. Since people falling under this segment had not looked for employment in 4 weeks before the survey, they were not considered as “unemployed”.
  • In the classification above, a little over 576K workers were tagged, discouraged workers. They were classified so since they are currently not looking for employment due to jobs being unavailable to match their skills.

Employment Data in Various Industries (Top Highlights)

1) The food services and drinking places sector was the highest job creator with 34,000 employment opportunities. Since the same month in 2015, it has added a whopping 312,000 jobs to the economy.

2) Surprisingly, social assistance added a little over 22,000 jobs in its kitty. In this category, individual and family services topped the charts with 17,000 job additions.

3) Mining continued to lose jobs as the case has been, over the year or so. In August 2016, it lost 4,000 jobs.

Other Highlights
  • The average workweek for all employees came down by 0.1 hours to clock 34.3 hours in August.
  • The manufacturing workweek also came down by 0.2 hours to register 40.6 hours. Overtime remained the same as last month, i,e 3.3 hours.
  • The average hourly earnings for all employees was $25.73, up by 4 cents from July 2016.
  • The average hourly earnings of production and nonsupervisory employees in the private sector was $21.64, up by 5 cents.

In the United States of America, a social assistance program jointly run by the federal government along with the states offers weekly monetary compensation to citizens who go jobless due to no fault of their own. Commonly known as the Unemployment Compensation (U.C) benefits program, a jobless worker can look forward to up to 26 weeks of even benefits on the basis of eligibility, claiming state and other factors.

As a leading info website with years of expertise in the field of Unemployment Compensation, one of the most common questions we receive relates to the implication of severance pay on receipt of Unemployment Insurance from the state. This article is aimed at helping you in clearing the air with regard to drawing separation pay from your employer and claiming UC benefits on the sidelines.

What is Severance Pay?

It is a monetary payment made by the employer to the employee just before separation from the job. The compensation generally consists of a couple of months’ of the last drawn gross pay of the employee and is paid either as a lump sum or at regular intervals as agreed between the worker and the employer in the contract. Also known as “Thank you” payment, this compensation is a goodwill gesture for the services rendered by the worker and comes with clauses attached.

Severance pay as a lump sum
Severance payout is mostly lump sum

It is a part of a separation agreement between the two parties (employer and the employee) where the payment ranges between a few months’ which can go up to a year, depending on the circumstances for drawing the contract.

Am I Eligible to Apply for Unemployment While Drawing Severance Pay?

A simple answer is “Yes”, but with conditions. There are both direct and indirect implications of receiving separation pay and applying for UC benefits simultaneously. The basic premise for offering state-sponsored jobless benefits to such claimants are as below.  

  • The claimant should have lost the job due to no fault of their own such as being laid off.
  • He/she should not be on the payroll of the company.
  • Should be “able and available” for work. The jobless worker should actively be looking for employment and should fulfill the conditions set by the Unemployment Office in this regard.

For those of you who received a lump sum separation pay, you can go ahead and apply for the UI benefits straightaway. Since you’re receiving a one-time payment from the employer, declare the amount during application to determine monetary eligibility. For some of the workers who receive severance, the payment is made at periodic intervals, let’s say every month for a specific duration.

In such cases, you will qualify to apply for compensation only after expiry of this period since you’re treated as being on the rolls of the company. Another reason why an aspirant’s claim may be rejected is due to specific clauses mentioned in the separation agreement which bars him/her from claiming. If the contract states that the employee left voluntarily or will not claim UC from the state, such applications will not be entertained.

Guidelines to Apply for UC Benefits While Drawing Severance Pay

Read the separation agreement

When you’re offered severance, do not jump into signing the contract. Get a copy and read the clauses thoroughly. If you see a specific clause(s) which prevents you from drawing UC or hampers your future employment prospects, raise a flag.

Wait for the severance to be paid out

As stated in the section above, you may not be eligible to apply for the state-provided benefits until the expiry of the severance payout. Therefore, keep a note of the last date of payment (if not a lump sum) and apply towards the end of it.

Understand the law/regulations

Since Unemployment Compensation is administered by each state separately with its own legal framework, it’s paramount to understand how your state treats severance pay. Therefore, make sure to place a phone call, read online or visit the nearest Unemployment Office to make sure your application complies with the rules. Some states have elaborate terms and conditions to fulfill when it comes to separation compensation provided by the employer.

Now that you have a clearer picture of the prerequisites, make sure to keep them in mind to make a successful application minus hassles. Happy Claiming!

Over the last couple of months, the unemployment rate in the country has remained stable without much dilly-dallying. As per the monthly news release from the Bureau of Labor Statistics, U.S Department of Labor, the national unemployment rate in July 2016 was 4.9%, the same as June.

During this month, the might of various industries added over 255,000 jobs to the U.S economy. The highest job creator was Professional & Business Services followed by Health Care. Mining continued to disappoint with some heavy job losses occurring in this sector. As our duty has been every month, let’s go ahead and explore this monthly news release and provide you the numbers across various categories.

Unemployment Rate Among Major Workers Groups

  • Adult Men – 4.6%
  • Adult Women – 4.3%
  • Teenagers – 15.6%

Except Adult Men, the other two categories witnessed reduction in unemployment numbers. While Adult Women was down 0.1 percentage points, Teenagers recorded a drop of 0.4 percent from June 2016. This is welcome news for the stakeholders since the joblessness among Teenagers refused to drop over the last three months.

Unemployment Rate Among Ethnic Groups

  • Blacks – 8.4%
  • Asians – 3.8%
  • Whites – 4.3%
  • Hispanics – 5.4%

Nearly all ethnic groups except “Blacks” showed slight improvement from last month. Unemployment among Blacks continues to be a cause of worry for Labor authorities across various states in the country.

General Highlights

  • Citizens falling under the category of unemployed less than 5 weeks saw a massive drop of 258,000.
  • On the contrary, the number of long-term unemployed persons remained the same as last month. The number of people falling in this category was 2.0 million (jobless for 27 weeks or more).
  • A little over 5.9 million people were categorized as part-time for economic reasons, nearly the same as June.
  • During the starting month of the second half of the calendar year, 2.0 million people came under the category of marginally attached to the labor force, nearly the same as July 2015.

Employment Data in Various Industries (Top Highlights)

1) Professional & Business Services was the star of the month as it added 70,000 jobs, the highest from any sector in July. Over the last 12 months, this industry alone has added a whopping 550,000 jobs to the economy.

  • Professional & Technical Services: +37,000 jobs
  • Computer systems design & related services: +8,000 jobs

2) Health Care was the second highest job creator with 43,000 new employment opportunities added during this month.

  • Ambulatory health care services: +19,000 jobs
  • Hospitals: +17,000 jobs

3) Mining lost 6,000 jobs during the month. Since September 2014, this sector has been witnessing job loss, month on month.

Other Highlights
  • The average workweek for all employees edged up by 0.1 hour to clock 34.5 hours in this month.
  • The manufacturing workweek remained stable at 40.7 hours and the average overtime was 3.3 hours during this month.
  • The average hourly earnings for all employees was $25.69, up by 8 cents from June.
  • The average hourly earnings of production and nonsupervisory employees in the private sector was $21.59, up by 7 cents.

After months’ of constant fall and to being the lowest in years since the recession in May 2008, the unemployment rate rose by 0.2 percentage points to clock 4.9 percent during June 2016. The economy added 287K jobs led by Leisure and Hospitality followed and Healthcare. At the end of this month, the number of unemployed persons in the country was 7.8 million.

Let’s go ahead and explore key statistics from the monthly news release from the Bureau of Labor Statistics, U.S Department of Labor Titled “The Employment Situation – June 2016”.

Unemployment Rate Among Major Workers Groups

  • Adult Men – 4.5%
  • Adult Women – 4.5%
  • Teenagers – 16.0%

While the jobless rates for adult men and women edged up by 0.3 percentage points, the category of teenagers remained stable. It must be noted that over the last couple of months, employment among teenagers has seen little improvement.

Unemployment Rate Among Ethnic Groups

  • Blacks – 8.6%
  • Asians – 3.5%
  • Whites – 4.4%
  • Hispanics – 5.8%

Except Asians, all other ethnic groups witnessed a fall in employment. The former dropped a considerable 0.6 percentage points from last month to clock the best performance among all groups. Blacks continue to lead the table with the highest unemployment in this category.

General Highlights

  • The numbers of persons falling in the category of “unemployed less than 5 weeks” went up by 211,000 during this month compared to June 2016.
  • On the flipside, persons categorized as long-term unemployed was stable at 2.0 million. This category consists of people who remained jobless for 27 weeks or more. This category alone accounts for 25.8% of the total unemployed population.
  • The number of persons falling under the category of part-time for economic reasons fell by 587,000 to clock 5.8 million in this month. Such persons worked part-time due to involuntary reasons.
  • The category of marginally attached to the labor force consisted of 1.8 million persons. Here, jobless workers had not looked for a job 4 weeks before the survey.

Employment Data in Various Industries (Top Highlights)

  1. The leisure and hospitality sector added 59,000 during June, making it the highest grosser in terms of job creations.
  • Food services & drinking places: +22,000 jobs
  • Performing arts and spectator sports: +14,000 jobs

2) Healthcare and social assistance were the second highest job creators during this month with 58,000 jobs.

  • Ambulatory health services: +19,000 jobs
  • Hospitals: +15,000

3) Mining continued to tumble by losing 6,000 jobs during this month. Since September 2014, this sector has lost a whopping 211,000 jobs.

Other Highlights

  • The average workweek for all employees remained the same as previous month – 34.4 hours.
  • The manufacturing workweek went down by 0.1 hours to clock 40.7 hours and the average overtime was 3.3 hours during this month.
  • The average hourly earnings for all employees was $25.61, up by 6 cents from last month.
  • The average hourly earnings of production and nonsupervisory employees in the private sector was $21.51, up by 2 cents.

 

After months of dormancy, there is finally some news to cheer about for Americans with respect to the unemployment situation in the country. The national Unemployment Rate fell by 0.3 percentage points in May 2016 to clock 4.7 percent with gains of 484,000 jobs during this month. The number of jobless persons in the country at the end of May was 7.4 million.

Healthcare lead the bandwagon by creating the highest jobs during this term while Mining continued to tumble by losing maximum number of jobs. Let’s explore interesting facts from the monthly news release from Bureau of Labor Statistics, U.S Department of Labor titled “The Employment Situation – May 2016”.

Unemployment Rate Among Major Workers Groups

  • Adult Men – 4.3%
  • Adult Women – 4.2%
  • Teenagers – 16.0%

The jobless rates for the first two categories fell considerably from April 2016. The Teenage jobless rate continues to cause worry for the government authorities as it has refused to improve over the last quarter or so.

Unemployment Rate Among Ethnic Groups

  • Blacks – 8.2%
  • Asians – 4.1%
  • Whites – 4.1%
  • Hispanics – 5.6%

The number of jobless people in the first two ethnic groups edged up slightly while Whites and Hispanics saw considerable improvement from April 2016. This category has not seen much movement in 2016.

General Highlights

  • At the end of May 2016, jobless workers falling under the category of long-term unemployed (without a job for 27 weeks or more) fell by 178,000 to 1.9 million. Surprisingly, persons falling in this category account for 25.1 percent of the overall numbers.
  • Involuntary part-time workers or employed part-time for economic reasons edged up by 468,000 to clock a whopping 6.4 million during this month. This category includes people who prefer full-time employment, but worked part time due to reasons such as reduction in the hours by the employer.
  • A little over 1.7 million persons were tagged marginally attached to the labor force. This category is designed to include unemployed persons who had not looked for a job in four weeks before the survey.
  • From the classification above, 538,000 persons were tagged discouraged workers since they believe no suitable jobs were available for them at the time of survey.

Employment Data in Various Industries (Top Highlights)

1) With 46,000 jobs, the Healthcare industry created the highest number of jobs during this month. Year on Year, it has created over 487,000 jobs.

  • Ambulatory Healthcare Services: +24,000 jobs
  • Hospitals: +17,000 jobs

2) On the contrary, Mining lost 10,000 jobs during May. After September 2014, this sector has lost a whopping 207,000 jobs mainly due to losses in support activities for mining.

  • Support activities for Mining: -6,000 jobs

Other industries of prominence such as Information and Manufacturing also recorded considerable job losses.

Other Highlights

  • The average workweek for all employees remained the same as April 2016 – 34.4 hours.
  • The manufacturing workweek went up by 0.1 hour to clock 40.8 hours and the average overtime was 3.2 hours during this month.
  • The average hourly earnings for all employees was $25.59, up by 9 cents from April 2016.
  • The average hourly earnings of production and non-supervisory employees in the private sector was $21.49, up by 4 cents.

 

As the employment situation has remained over the last few months, the unemployment rate in April was 5.0 percent, the same as March. This percentage consists of a little over 7.9 million unemployed persons out of the employable populace. Among the various industries, professional and business services lead the job creation engine with highest number of recruits, followed by health care and financial activities.

As our job has been every month to bring to you, latest news from the unemployment world, let’s uncover “THE EMPLOYMENT SITUATION — APRIL 2016”, a monthly publication from the Bureau of Labor Statistics, U.S Department of Labor to look at some interesting facts and figures collated in the survey.

Unemployment Rate Among Major Workers Groups

  • Adult Men – 4.6%
  • Adult Women – 4.5%
  • Teenagers – 16.0%

There is negligible change in the rates for adult men and women. While the jobless rate for the former edged up by 0.1 percentage points, the latter saw a drop of the same value, compared to the rates last month. The percentage of unemployed teenagers continues to be high, with no sight of drop in the last few months.

Unemployment Rate Among Ethnic Groups

  • Blacks – 8.0%
  • Asians – 3.8%
  • Whites – 4.3%
  • Hispanics – 6.1%

While the jobless rates for Blacks and Asians dropped by a few percentage points, the other two ethnic groups recorded increase in the rates by a slight quantum from last month.

General Highlights

  • The number of employable persons jobless for 27 weeks or more (long term unemployed) fell by 150,000 to stand at 2.1 million at the end of April 2016.
  • 6.0 million persons were categorized as part time for economic reasons. This category has witnessed little change since November 2015.
  • During this month, 1.7 million persons were tagged as marginally attached to the labor force. This category consists of people who had not looked for jobs during the last 4 weeks preceding the survey.
  • In the category above, 568,000 persons were classified as discouraged workers since no job matching their background and skill sets were available. Over the year, the number of people falling in this category has declined by 188,000.

Employment Data in Various Industries (Top Highlights)

1) The bandwagon of top industries with highest number of job creations was led by Professional and business services, which added 65,000 jobs during this month. Over the last 12 months, this sector has averaged at 51,000 job additions every month.

  • Management and Technical consulting services: +21,000 jobs
  • Computer systems design and related services:  +7,000 jobs

2) Health care came second with the creation of 44,000 new jobs during April. Over the year, this sector has added a whopping 502,000 jobs in its kitty.

  • Hospitals: +23,000 jobs
  • Ambulatory health care services: +19,000 jobs

3) As the case has been in the last two months, Mining continued to tumble by losing 7,000 jobs during this month. Post September 2015, this industry has seen a drop of 191,000 jobs. Support activities for mining registered the highest number of job losses in Mining.

Other Highlights

  • The average workweek for all employees edged up by 0.1 hour to clock 34.5 hours during this month.
  • The manufacturing workweek was 40.7 hours and the average overtime was 3.3 hours in April.
  • The average hourly earnings for all employees was $25.53, up by 8 cents from March 2016.
  • The average hourly earnings of production and non-supervisory employees in the private sector was $21.45, up by 5 cents from last month.

With the economic outlook remaining largely stable, the unemployment rate in March 2016 was 5.0 percent, adding a little over 215,000 jobs during this month. While industries such as construction, healthcare and retail created the highest number of jobs, mining and manufacturing had the highest number of job losses. The number of unemployment persons in the US at the end of March was 8.0 million.

Let’s unveil the monthly publication from the Bureau of Labor Statistics (US Department of Labor), titled “The Employment Situation – March”, give it a 360 degree view and mine the numbers that really matters to you.

Unemployment Rate Among Major Workers Groups

  • Adult Men – 4.5%
  • Adult Women – 4.6%
  • Teenagers – 15.9%

While the jobless rate for adult men remained stable, the rate for adult women and teenagers edged up by 0.1 and 0.6 percentage points respectively. We hope, federal and state agencies focus on creating more employment opportunities for teenagers, which has shown little improvement, month on month.  

Unemployment Rate Among Ethnic Groups

  • Blacks – 9.0%
  • Asians – 4.0%
  • Whites – 4.3%
  • Hispanics – 5.6%

All major ethnic groups except whites saw increase in unemployment rates from February 2016.

General Highlights

  • In March, the number of long-term unemployed persons was 2.2 million. A tag given to people unemployed for 27 weeks or more, such individuals constituted 27.6% of the overall unemployed.
  • About 6.1 million people were employed part time for economic reasons, a category that has seen little movement since November last year.
  • During this month, 1.7 million persons were tagged marginally attached to the labor force, down by 335,000 from the same month, last year.
  • From the category above, 585,000 persons were tagged discouraged workers, a category to classify those who who are currently not looking for a job since they believe no jobs are available to match their skillset and experience.

Employment Data in Various Industries (Top Highlights)

1) Retail trade added the highest number of jobs in March among all the industries. It created 48,000 jobs and continues to lead by example over the last couple of months.

  • General merchandise stores – +12,000
  • Health & personal care stores – +10,000

2) Construction was another sector that has continued to remain stable in the last few months. It added 37,000 jobs during March 2016.

  • Residential specialty trade contractors – +12,000
  • Heavy and civil engineering construction – +11,000

3) Mining continued to tumble with heavy loss of employment. This sector lost 12,000 jobs during this month, it continues to lose jobs since November 2015.

  • Support activities for mining -10,000

Other Highlights

  • In March 2016, the average workweek for all employees was 34.4 hours, the same as last month.
  • The average hourly earnings for all employees was $25.43, up by 7 cents. The average earnings has steadily risen by 2.3 percent over the year.
  • The average hourly earnings for employees in production and nonsupervisory roles saw a spike of 4 cents to stand at $21.37.

 

Receiving a job offer is often thrilling. Whether it’s your first job offer as a college graduate or one after a brief break in the career, signing a offer letter is one of the most cherished moments in life. We often tend to accept and sign the job contract without much scrutiny, focussing merely on the monetary aspect. One must understand the fact that it’s not only money that we work for. Most of us are focussed on other facets of a job such as career growth, domain expertise, reputation of the company and so on. The job offer should be in sync with both personal and professional aspirations.

Therefore, do not blindly sign the offer letter. Take some time and ask yourself questions on multiple fronts before accepting it. Remember, a job is a long time commitment that we make. Weigh it to explore the various pros and cons and sign if you are completely satisfied. We’ve collated a list of some of the most intriguing questions you must ask yourself before starting a new job.

 

Signing a Job Offer
Tips For Job Offer

Job Profile & Designation

Study the job profile and ask yourself if it syncs with your aspirations. You may have given the interview in haste owing to various personal factors and not really found the time to get into the nitty gritties of it. Before signing the job offer, be convinced about your job role, the place of work, shift timings, nature of job and so on. Also ensure that the designation is on par with your previous job.

In Proportionate with Personal Goals

Ask yourself plenty of questions in this regard. Did you decide to take up the job for money or for the exposure it gives you? Does it match the educational qualification and skills? Will it help you in achieving the short term and long term career goals? A series of such questions should arise before accepting the offer. Remember, a job is a long time commitment which may hamper your personal goals in a longer run. You may be end up being trapped in a skill that you had only planned to stick onto for a brief period.

Monetary Compensation

No matter how much you hate to disagree, we all work for money at the end of day. Weigh the compensation offered against your financial commitments and goals. Ensure it covers the living expenses and also helps you save for the future. If you’re not contented with the compensation and perks, go ahead and negotiate with the company. Most of them do consider revising the salary to an extent.

Work Life Balance

21st century has given rise to a global employee whose work is no longer confined to office space alone. With rapid progression in technology and increased penetration of mobile devices into our lives, people are finding it difficult to balance work and personal life. Job roles are increasingly becoming dynamic and are often fuelled by long work hours, due diligence that tends to eat up personal space. In order to avoid heartburn in the future, underline the key facets of your job to check if  it will affect your personal and family life to a great extent.

If you’re in the midst of finding employment after being laid off due to involuntary reasons from the previous one, apply for Unemployment Insurance in your state that guarantees weekly monetary compensation for up to 26 weeks on the basis of eligibility.

In continuation with our monthly publication on the unemployment situation in the country, let us uncover the news release from Bureau of Labor Statistics, U.S Department of Labor, titled “The Unemployment Situation – February 2016” which provides a multi angle view on the employment/unemployment conditions.

During February 2016, the economy added a little over 242,000 jobs while the unemployment rate at 4.9 % was the same as January. Most of the major industries made considerable progress during this month led by health care and social assistance, retail trade and others. Mining continued to see a slump as it suffered the highest number of job losses.

Unemployment Rate Among Major Workers Groups

Over the year, the jobless rate was down by 0.6 percentage points owing to reduction in the jobless persons by a whopping 831,000.

Unemployment Rate Among Ethnic Groups

  • Blacks – 8.8%
  • Asians – 3.8%
  • Whites – 4.3%
  • Hispanics – 5.4%

Employment among Hispanics is noticeable this month as there was a reduction in the rate by 0.5 percentage points. Other ethnic groups more or less held on to their rates registered in January.

General Highlights

  • A little over 2.2 million people remained to be categorized as long-term unemployed (jobless for 27 weeks and above) and accounted for 27.7 percent of the jobless persons overall.
  • Among the unemployed persons, 6.0 million worked part time for economic reasons in February. Workers in this category did not work full time due to involuntary reasons such as reduction in the hours worked by the employer.
  • People falling in the category of marginally attached to the labor force were 1.8 million, down by about 356,000 from the same period last year.
  • In the category above, 599,000 were classified as discouraged workers during February 2016, down by 133,000 from the same month in 2015.

Employment Data in Various Industries (Top Highlights)

1) Health care and social assistance was the highest grosser in February with addition of 57,000 jobs.

  • Ambulatory health care services +24,000
  • Hospitals +11,000

2) Retail Trade continues to see solid growth with creation of 55,000 jobs in February. Over a period of last 12 months, it has made a significant contribution to the success story by adding 339,000 plus jobs.

  • Food & beverage stores +15,000
  • General merchandise stores +13,000

3) Mining saw the biggest slump with 19,000 plus job losses. Since the third quarter of 2014, this industry has recorded 171,000 job losses.

  • Support activities for mining -16,000
  • Coal mining -2,000

Other Highlights

  • In February 2016, the average workweek for all employees was down by 0.2 hours to 34.4 hours.
  • The average hourly earnings for all employees was $25.35, down by 3 cents. The average earnings has steadily risen by 2.2 percent over the year.
  • The average hourly earnings for employees in production and nonsupervisory roles remained stagnant at $21.32.

 

https://fileunemployment.org