The Total non-farm payroll employment in the United States rose by 250,000 in October and the unemployment rate remained unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reports. Job gains occurred in the health care industries, manufacturing, construction, and in transportation
and warehousing industries.
Household Survey Data
The unemployment rate in the United States remained at 3.7 percent in the month of October and the number of unemployed persons changed a little at 6.1 million. Over the year, the unemployment rate and the number of unemployed persons declined by 0.4 percentage point and 449,000, respectively.
Among the major worker groups, the unemployment rates for
adult men (3.5 percent),
adult women (3.4 percent),
teenagers (11.9 percent),
Whites (3.3 percent),
Blacks (6.2 percent),
Asians (3.2 percent), and Hispanics (4.4 percent) showed little or no
change in October.
The number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 1.4 million in October and accounted for 22.5 percent of the unemployed.
The labor force participation rate increased by 0.2 percentage point to 62.9 percent in October but has shown little change over the year. The employment-population ratio edged up by 0.2 percentage point to 60.6 percent in October and has increased by 0.4 percentage point over the year.
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was essentially unchanged at 4.6 million in October. These individuals, who would have preferred full-time employment, were working part
time because their hours had been reduced or they were unable to find full-time jobs.
In October, 1.5 million persons were marginally attached to the labor force, little changed from a year earlier. (Data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job
sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.
Among the marginally attached, there were 506,000 discouraged workers in October, about unchanged from a year earlier. (Data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available
for them. The remaining 984,000 persons marginally attached to the labor force in October had not searched for work for reasons such as school attendance or family
Establishment Survey Data
Total nonfarm payroll employment increased by 250,000 in October, following an average monthly gain of 211,000 over the prior 12 months. In October, job growth occurred in health care, in manufacturing, in construction, and in transportation and warehousing.
Health care added 36,000 jobs in October. Within the industry, employment growth occurred in hospitals (+13,000) and in nursing and residential care facilities (+8,000). Employment in ambulatory health care services continued to trend up (+14,000). Over the past 12 months, health care employment grew by 323,000.
In October, employment in manufacturing increased by 32,000. Most of the increase occurred in durable goods manufacturing, with a gain in transportation equipment (+10,000). Manufacturing has added 296,000 jobs over the year, largely in durable
Construction employment rose by 30,000 in October, with nearly half of the gain occurring among residential specialty trade contractors (+14,000). Over the year, construction has added 330,000 jobs.
Employment in leisure and hospitality edged up in October (+42,000). Employment was unchanged in September, likely reflecting the impact of Hurricane Florence. The average gain for the 2 months combined (+21,000) was the same as the average monthly
gain in the industry for the 12-month period prior to September.
In October, employment in professional and business services continued to trend up
(+35,000). Over the year, the industry has added 516,000 jobs.
Employment in mining also continued to trend up over the month (+5,000). The industry has added 65,000 jobs over the year, with most of the gain in support activities for mining.
Employment in other major industries–including wholesale trade, retail trade, information, financial activities, and government-showed little change over the month.
To know more about the job market and to know more about unemployment benefits, head on to www.FileUnemployment.org
Iowa’s unemployment has dropped to 2.5 percent and this makes it the second lowest in the country after Hawaii. But 50 percent of Iowa graduates still prefer to move out of the state once they are done with college. Iowa’s unemployment rate has fallen to the lowest percentage since 2000.
There is a low unemployment rate for Iowa as compared to the rest of the United States. Also, the job openings in the state are greater than the number of workers seeking jobs.
Iowa has a historically low unemployment rate. Whether it’s good or bad is based on whether you’re a firm or a worker. If you’re a worker and there is a lot of jobs then it is always a good thing. But for a firm, it could be difficult for them to find the right candidates to match these jobs.
Economy and Employment
Iowa’s economy has done better than most states and unemployment remained low during the Great Recession. The Federal Reserve for Economic Data shows that there was a recession in 2007 and Iowa’s unemployment was approximately 6.7. This is lower than the US unemployment rate which is approximately 10 percent. Also, in most cases, vehicles can be expensive for most people that work in the rural economy.
There are a large number of skilled workers that qualify to work on certain types of jobs and may feel the need to move in order to be in places where their skill sets are in demand.
Based on the effect of the low unemployment rate, professional organizations are coming in and engaging with students through classroom level activities to try to build relationships with them.
Iowa Students and Trends
Research conducted by the UI during the academic year 2016-17 was 50.25 percent of graduate students employed in Iowa and 23.07 percent employed in Illinois. There are several students that come from different states and live in Iowa and find opportunities and this encourages them to stay in the state. Iowa students prefer to move out and the most prominent reason is to live in a metropolitan area. Most people prefer going to states with a lower cost of living like Texas. Also, there are areas that attract people with certain interests. It’s not since May of 2000 that Iowa’s unemployment has been this low. Iowans are coming together to help more Iowans find work and get upskilled based on their community of 2,100 and business leaders.
While the number of unemployed Iowans has decreased to 44,000 in July from 44,900 in June, this is a positive trend. The current estimate shows are lower by 8,100 than a year ago where the level of 52,100. The total number of working Iowans increased to 1,640,300 in July which is 5200 higher than June and 13200 higher than a year ago.
Seasonally Adjusted Nonfarm Employment
The total nonfarm employment decreased by 700 in July which is lowering the total down to 1,591,500 jobs in the market. Accounting to this would mean that there is a small loss is the third of 2018 which follows the surge in hiring over the last two months. Goods-producing sectors have together added jobs for the sixth-consecutive month stretching back to January. At the same time service industries shed 2,300 jobs following large gains over the past two months. At the same time, private industries as a whole experienced no change since June while the government shed 700 jobs which is up against the 400 jobs annually.
The retail industry shed the most jobs in July which is about 3000 and was responsible for all of the loss in the trade and transportation sector which lost 2,100 jobs. This decline was expected given the recent announcements of stores closing around the state. For the most part, retail has trended down since the beginning of 2017. This trend should continue through 2018 as online sales continue to gain popularity around the nation.
In the education services and healthcare sector, this was the only major loss this month due to small losses in each segment. This sector is expected to trend back up during the second half of the year. Similarly, the manufacturing sector had the biggest job gains with an increase of 1,300 jobs and this would follow another moderate gain of 900 in June.
Financial services added 600 jobs in July and it continues to expand its footprint in the Iowa economy. Similarly, there were 600 jobs gained in the leisure and hospitality industry. This sector has been increasing staffing levels since the fourth quarter of last year and gains have been the heaviest within the food services and accommodations. Construction has seen a small gain of 300 jobs this month which is the sixth consecutive month of growth.
There have been 19,000 jobs gained since last July and most of these gains occurred within Iowa’s factories which accounts for 11,300 jobs. The durable goods shops have outpaced the non-durable goods counterparts in terms of growth which is 7900 jobs versus 3400 jobs. Construction industries are up by 3,500 jobs annually following job gains which stretched back to January. Additionally, the finance sector has continued to fair well by adding 2900 jobs. While the private sector has lost 2600 jobs and so is the trade and transportation industry by 2200 jobs.
Still Looking for a Job? – FileUnemployment.org
If you are unemployed then you should use the resources and research on FileUnemployment.org to connect with your local unemployment offices and search your unemployment claim. You can determine how to go about your claim based on the application process, eligibility calculator, job search requirements and more. You can find out what are the type of unemployment benefits that you can claim based on the state. Here you can choose your state and connect with an office close to you.
Americans filing for unemployment benefits unexpectedly rose but remained near a 49 year low. This increase appeared unlikely to make a dent in the US labor market which remains strong.
The claims for state unemployment benefits increased by 7,000 and adjusted to 214,000 for the week. Earlier, economists suggested that the claims forecast was slipping to 206,000 from 207,000.
Claimed increased for South and North Carolina which were affected by Hurricane Florence and claims for Virginia and Puerto Rico were being estimated. The four weeks moving average of initial claims considered a better measure of labor market trends which irons out week-to-week volatility which rose by 2,500 to 209,500
The labor market is viewed as being near or at full employment, which many economists believe is helping U.S. wages grow a little more quickly and fueling expectations the Federal Reserve will increase interest rates again in December. This year alone, the Fed has already raised rates three times.
The claim report expressed that the number of people receiving benefits after the initial week of aid rose 4,000 to 1.66 million for the week ended September 29. The four weeks moving average of the so-called continued claims which has decreased 10,000 to 1.66 million to the lowest level since August 1973.
People seeking help with lost wages from Florence has surpassed Matthew. This is nearly 9300 North Carolinians that have applied for disaster-related unemployment benefits due to Hurricane Florence.
Many of these people which is nearly 8000 have applied for disaster unemployment assistance which is an additional benefit for those that are left without wages due to the storm. This is nearly four times the number of people that requested for disaster unemployment assistance after Hurricane Matthew in 2016.
There are several in Eastern North Carolina that have not resulted in several days and weeks without pay. These are hourly workers, self-employed workers, fishermen, and farmers. Most lost wages at the end of the month especially when they have to make payments for mortgage, rent or electricity.
Metros Hit Badly
The state has made payments of more than $300,000 in claims and this could easily pay out several million. After Hurricane Matthew, payouts reached more than $2.8 million for storm-related unemployment claims. There were more than 7545 applications for regular unemployment and around 2200 for DUA after the storm.
Hurricane Florence had a much larger impact on metropolitan areas, such as Wilmington, Jacksonville, and New Bern, while Hurricane Matthew hit more rural areas. The storm hit areas which have a higher labor market which means greater claims numbers.
Disaster unemployment assistance is available to people who live in one of the 28 counties approved for a federal disaster. This is for residents that cannot work as the roads are flooded, power outages and damage to the building are constraints to their work.
It also helps those who are ineligible for standard unemployment insurance recoup some of those lost wages from the storm. People may not be eligible for regular unemployment benefits because they’ve already used their 12-week allotment for the year or because they haven’t been in their job long enough to qualify for benefits.
However, workers should apply for standard unemployment as well as DUA. While standard unemployment benefits pay up to $350 a week for 12 weeks, DUA pays up to $350 a week for up to 27 weeks.
The Division of Employment Security has been busy since Florence hit North Carolina with all employees helping process claims. In Onslow County, the DES used the Division of Workforce Solutions’ only bus to make a mobile computer lab to process applications.
Scotland County which has the state’s largest unemployment rate at 7.6 percent had the state’s NC Works office handling claims in downtown Laurinburg. This area was flooded by the storm and forced workers to temporarily relocate to Scotland County’s economic development office.
Most roads in Scotland County’s rural region was flooded and damaged which kept away many workers from their jobs.
NC Works employees moved to Kordsa in Laurel Hill to assist with the worker’s file claims. Places like Kordsa, which employs around 100 people which manufactures nylon wiring for tires. The company’s building lost power and the roads around it flooded, causing it to halt operations for four days.
How to Apply for Disaster Unemployment Assistance
If you are a worker from one of these 28 counties in Eastern North Carolina then you have been approved for federal disaster assistance.
Eligible counties are: Beaufort, Bladen, Brunswick, Carteret, Columbus, Craven, Cumberland, Duplin, Greene, Harnett, Hoke, Hyde, Johnston, Jones, Lee, Lenoir, Moore, New Hanover, Onslow, Pamlico, Pender, Pitt, Richmond, Robeson, Sampson, Scotland, Wayne and Wilson.
The eligibility criteria for DUA include the following where an individual should meet one or more of these conditions as a direct result of a major disaster
- No longer have a job
- Unable to reach their place of employment
- Scheduled to start work but unable to reach the job
- Become the breadwinner or major support of family because of disaster-related death of the head of household
- Cannot work because of injury directly caused by the declared disaster
The September unemployment rate declined to 3.7% in September and the total nonfarm payroll employment increased by 134,000. The main job gains were in the professional and business services which includes health care, transportation and warehousing.
Hurricane Florence affected sections of the East Coast in the month of September and this would be the reference periods for establishment and household surveys. Response rates for the two surveys were within the normal range. When it comes to the establishment survey, the reference period of the pay period is the 12th of the month.
But unusual weather is more likely to have an impact on the average weekly hours than on employment. You should know that average weekly hours are estimated for paid time during the pay period which includes holidays, sick leave and time off from work. The impact could be severe weather on hours and this could result in a reduction in the average weekly hours. For instance, while some employees do not work for part of the pay period or haven’t received pay for time missed others could deal with cleanup, repair and extra work hours.
While the unemployment rate declined by 0.2% leaving it at 3.7%, accordingly the number of unemployed decreased by 270,000 to 6 million. In the last year, the unemployment rate and number of unemployed persons declined by 0.5 percentage points closing it at 795,000 unemployed persons.
Unemployment Rates for Worker Groups
Among the major worker groups, the unemployment rates are:
- Adult women: 3.3%
- Whites: 3.3%
- Adult men: 3.4%
- Teenagers: 12.8%
- Blacks: 6.0%
- Asians: 3.5%
- Hispanics: 4.5%
While the unemployment for white and adult women declined in September. There was little or no change for adult men, teenagers, Blacks, Asians and Hispanics over the entire month.
At the same time, the number of long term unemployed or those that are jobless for 27 weeks or more changed a little at 1.4 million over the month. These individuals accounted for 22.9 percent of all unemployed.
In September, the labor force participation rate remained at 62.7%, and the employment population ratio changed a little at 60.4%. The number of persons employed part time for economic reasons increased by 263,000 to 4.6 million in September.
Also, 1.6 million persons were marginally attached to the labor force which is almost the same as before from a year earlier. These individuals do not fall under the labor force but looked for work for the last 12 months.
Of the marginally attached workers, there were 383,000 discouraged workers which is almost unchanged from a year ago. The remaining 1.2 million persons are marginally attached to the labor force in September and had not searched for work for reasons such as school attendance or family responsibilities.
Nonfarm Payroll Employment
The nonfarm employment rose by 134,000 in September as compared to the average monthly gain of 201,000 over the previous 12 months. In September, job gains have occured in professional and business services, health care, and transportation and warehousing. At the same time employment has increased by 54,000 in professional and business services and rose by 560,000 over the year.
Similarly, health care employment grew by 26,000. Hospitals added 12,000 jobs while ambulance health care services increased by 10,000. Overall, health care employment has increased by 302,000.
Transportation and warehousing employment rose by 24,000. Job gains in warehousing and storage increased by 8,000, couriers and messengers by 5,000 and the over all transportation and warehousing would be increased by 174,000.
Construction employment continued to trend up by 23,000. The industry in total added 315,000 jobs over the past 12 months. Employment in manufacturing continued to grow as 18,000 people joined the workforce. Over the past 12 months, manufacturing added 278,000 jobs which is four-fifths of the gain of the durable goods.
Mining rose by 6,000 over the month and 53,000 over the year. The hospitality and leisure industry lost 17,000 jobs in the month of September. There is little or no change in wholesale trade, retail trade, information, financial activities and government.
The total nonfarm payroll employment for July was revised from +147,000 to +165,000 and the change for August was revised up from +201,000 to +270,000. Based on these revisions, employment gains in July and August combined were 87,000. Also, after the revisions job gains has averaged 190,000 per month for the last 3 months in 2018.
The Unemployment rate in the United States remains unchanged at 3.9% while the total nonfarm payroll employment increased by 201,000 in the month of August. The US Bureau of Labor Statistics in their monthly report state that job gains occurred in professional and business services, wholesale trade, health care, transportation and warehousing and mining industries.
As stated above, the unemployment rate remained at 3.9% in August and the number of unemployed personnel remained at 6.2 million.
Household Survey Unemployment Data
In terms of the major worker groups, the unemployment rate for adult men was at 3.5%, and adult women tallied at 3.6% unemployed. Unemployed teenagers were accounted at 12.8%.
The Whites accounted at 3.4%, Blacks at 6.3%, Asians at 3% and Hispanics at 4.7%. There was little to no change in the unemployment rates for each major worker groups.
The number of long term unemployed people changed little in the month of August at 1.3 million and accounted for 21.5% of the total unemployed. Long term unemployed are people who have been jobless for 27 weeks or more. Over the year, the long term unemployed numbers have declined by 403,000.
In other findings from the report, the labor force participation rate (62.7%) and the employment population ratio (60.3%) both declined by 0.2% in the month of August 2018.
When it comes to people employed part time for economic reasons (also known as involuntary part time workers), at 4.4 million, changed little in the month of August. However, the number has been down by 830,000. It should be noted that these individuals preferred full-time employment but had to work part time because of reduced hours or the lack of full-time jobs.
The month of August 2018 sees 1.4 million people marginally attached to the labor force, which is a slight difference from the previous year. These people were not in the labor force, were looking to seek employment and have been searching for jobs sometime in the past 12 months.
Non Farm Payroll
In the month of August, the total non farm payroll employment had increased by 201,000. This is in tune with the average monthly gain of 196,000 over the past year. In the month of August, employment increased in the following industries:
- Professional and Business Services
- Health Care
- Wholesale Trade
- Transportation and Warehousing
The Professional and business services added in 53,000 jobs in the month of August. The professional and business services added in 519,000 over the past 12 months.
August 2018 sees an employment rise in the healthcare industry by 33,000. Most of the jobs gains stem mostly from ambulatory health care services with 21,000 jobs. Job gains of about 8,000 were seen in hospitals. Over the year, the healthcare industry has added in 301,000 jobs.
Employment in the wholesale trade industry increased by 22,000 in the month of August and 99,000 over the past 12 months. From the industry, the durable goods wholesalers added 14,000 jobs over the month. This accounted for about two-thirds of the over the year job gain in the wholesale trade industry.
The transportation and warehousing industry rose by 20,000 jobs in the month of August. The industry has risen by 173,000 jobs over the past year. Within the industry, couriers and messengers have been responsible for adding in around 4,000 jobs in the month of August.
The mining industry had a rise in employment by 6,000 jobs in the month of August and showed little change from its progress in July. Since a recent dip in October 2016, the mining industry has added in 104,000 jobs. Most of the jobs in entire support of mining activities.
The construction industry continues to have an uptick of 23,000 jobs in the month of August. Over the year, the construction industry has increased its jobs by 297,000 over the year.
The manufacturing industry changed slightly negatively in the month of August, with a loss of 3,000 jobs. Over the past 12 months, employment in the industry was up by 254,000. More than 3/4th of the gains were from the durable goods segment in the industry.
In terms of employment in other major industries, there was little to no change in employment. These major industries include retail trade, information, financial activities, leisure and hospitality and government.
United States President Donald Trump’s quest for job creation in the United States has had many twists and turns. President Trump believes that the solution to creating more jobs in the United States is through levying heavy trade tariffs, targeting mostly Chinese made products.
In 2018 alone, Trumps has levied tariffs on 10,000+ products from China, Canada and European Union. In reciprocation these countries have levied their own trade tariffs on American goods. While this may help certain industries to create more jobs within the country, there is always the scenario of cause and effect.
What President Trump has failed to realise, is that levying high tariffs on foreign goods does not affect traders but more importantly set the burden onto the American consumers. In order for American consumers to obtain foreign goods, they will have to pay the high tariffs of trade instead of the supplier.
Trade Tariffs Impacts Agrarian Economy
The main industry that is affected by trump’s tariffs is the agriculture industry. This is because all the profits that farmers gain from trade become nullified because of the high tariffs, and this will result in severe losses.
While setting tariffs on agriculture would be a smart thing to do because the industry is solely export based. It leads the country to be vulnerable from trade tariffs being set by foreign countries. China is the second largest buyer of agricultural exports from agricultural exports. This means that farmers are particularly affected.
China retaliated by levying 25% duties on US agricultural products, which estimates to around $45 Billion. US producers of soybean, corn, poultry and beef were affected the most. As a result, farmers and agricultural workers have a hard time making a living in a sector that has always lagged behind historically in the national average of all industries.
Not to mention, poorer areas of the United States will be afflicted much more than others. States like Louisiana, Alabama and South Carolina have per capita incomes much lesser than the national average.
These households face the greatest threat in the export dependant agricultural companies, because of the inability to do business with one of their most important trade partners.
While it is significant that industries like the steel and aluminium stand to benefit from trade tariffs (possibility of gaining 26,000+ jobs), every industry is connected to each other. The high tariffs of steel and aluminum can affect the manufacturing of other products that use steel and aluminium. The dependency of a certain product and increase in trade tariffs can result in the loss of 400,000 jobs in other industries.
Not only that, automobile companies like Ford or Mercedes Benz/ BMW will also be hit majorly with the trade tariffs being levied. While it may seem like a good idea to prevent the influx of foreign vehicles, these automobile companies have their largest factories situated right in the United States.
Higher tariffs on raw materials like Steel and Aluminium leads to higher production costs for the automobile industry. This in turn would lead to more reliance on machines and higher number of layoffs of human resource. This would lead countless number of jobs being lost and a rising unemployment rate.
Companies Affected by Trade Tariffs
Just this year, the largest nail maker in the US, Mid-Continent Nail had to let go of 60 workers after their sales plunged by 70% after Trump’s implementation of a 25% tariff on steel from Canada and Mexico. Similarly, the Poplar Bluff Company had to raise its prices which led to defection by customers. The company worries of more layoffs and the termination of the entire 500 member workforce by Labor Day.
World renowned motorcycle company Harley-Davidson aims to shift a portion of its motorcycle manufacturing to outside the US in order to survive the trade war. The Milwaukee based motorcycle company stated in public filing that the move was paramount in preserving its second biggest sales market after the European marked imposed new tariffs. The company intends to close its plant in Kansas, Missouri, and add jobs to its Pennsylvania facility.
Meanwhile, Tariffs can lead to the cause of 4000 workers becoming unemployed at the Volvo plant in South Carolina. Volvo Cars Chief Executive Hakan Samuellsson told Reuters that trade barriers and restrictions were preventing them from creating as many jobs as they hoped to plan.
Now with the trade war deemed to escalate, it would mean the potential decrease in jobs. If you are currently looking for employment, it is advisable to check www.fileunemployment.org to see the unemployment benefits you could avail from the city/state you reside in. Also check out the various articles that provide vital information as to getting employed in the United States.
July 2018 saw the unemployment rate edge down to 3.9% from June’s 4.0%. The number of unemployed decreased by 284,000 to 6.3 million in the month of July. In both cases, numbers were down over the year by 0.4% and 676,000 numerically.
In terms of the major working groups, the unemployment rate for adult men and whites both declined to 3.4% in the month of July. The jobless rates for adult women remained at 3.7%. Teenagers at 13.1%, blacks at 6.6%, Asians at 3.1% and Hispanics at 4.5%.
When it comes to unemployed persons, the number of re-entrants to the labor force had a decrease of 287,000 in July to 1.8 million, following the increase in June. (Re-entrants are people who were previously employed but were not part of the labor force prior to beginning their job search)
Out of the total unemployed, the number of long term unemployed persons (those who have been unemployed for 27 weeks or more) remained unchanged from the 1.4 million in July. The long term unemployed accounted for 22.7% of the total unemployed.
The Labor participation rate for the month of July remained unchanged at 62.9% over the month of July as well as the year. The employment population ratio which is at 60.5% changed little in July but increased by 0.3% over the past 12 months.
The number of people who are employed part time for economical reasons (aka involuntary part time workers) changed little from 4.6 million in July, but over the year was down by 669,000. These people, would have preferred full time employment, had to settle for part time because of reduced hours and the inability to find full time jobs.
July 2018 sees 1.5 million people marginally attached to the labor force, which is a slight difference from the previous year. These people were not part of the labor force, wanted and were available for work, and were looking for jobs during the prior 12 months. The Bureau of Labor Statistics did not count them as unemployed because they did not look out for work for in the 4 weeks preceding the survey.
When it comes to the marginally attached, there were 512,00 workers who were discouraged, which is a slight change compared to the previous year. Discouraged workers are termed for people who aren’t currently look for work because of their belief that no jobs are available to them. The remainder 1 million people who are marginally attached to the labor force in July had not searched for employment due to family responsibilities and school attendance.
Non Farm Payroll Employment
The total non farm payroll employment increased by 157,000 in July 2018. This is in comparison to the average monthly gain of 203,000 in the past year. July saw job gains occur in professional and business services, manufacturing, health care and social assistance industries
Out of the non farm payroll employment increase, the professional and business services increased by 51,000 in the month, and 518,000 jobs over the year. Over the month, employment increased in the temporary health services by 28,000 and computer systems design and related services by 8000.
The manufacturing industry added in 37,000 in the month of july, with most gains in the durable goods component. There was an increase in employment in transportation equipment by 13000, 6000 in machinery and 2000 jobs in the electronic instruments industry. Over the past year, the manufacturing industry has added in 327,000 jobs.
Employment in health care and social assistance industries rose by 34,000 in the month of July. The healthcare industry trended up in employment over the month with 17000 jobs, contributing to an increase of 286,000 jobs over the year. Hospitals added in 7000 jobs over the month, whereas social assistance, individual and family services added in 16,000 jobs in July and 77,000 jobs over the year.
Employment in food services and drinking places continued to trend up over the month (+26,000). Over the year, the industry has added 203,000 jobs.
Construction employment continued to trend up in July (+19,000) and has increased by 308,000 over the year.
In July, employment in retail trade changed little (+7,000). Job gains occurred in general merchandise stores (+14,000), clothing and clothing accessories stores (+10,000), and food and beverage stores (+8,000). These employment gains were offset by a decline of 32,000 in sporting goods, hobby, book, and music stores, reflecting job losses in hobby, toy, and game stores.
Employment showed little or no change over the month in other major industries, including mining, wholesale trade, transportation and warehousing, information, financial activities, and government.
The Employment Situation is a monthly report and survey conducted by the United States Bureau of Labour Statistics.
June 2018 sees the total nonfarm payroll employment increased by 213,000 and the unemployment rate rise 4.0% from the previous 3.9%. The U.S Bureau of Labor Statistics has stated that job growth mostly occurred in the professional and business services, manufacturing and healthcare industries while retail trade industries faltered and lost jobs.
Household Survey Data:
June saw the total unemployment rate rise by 0.2 percent to make the rate 4.0% overall. The number of unemployed persons also increased by 499,000 to 6.6 million overall. Looking back at the previous year, the unemployment rate was at 4.3% and the number of unemployed personnel was 7.0 million.
In the major worker groups, the unemployment rates among adult men were 3.7% and adult women standing at 3.7%. These two working groups and the Asian worker groups at 3.2% had an increase in the month of June. The unemployment rate for teenagers was at 12.6%, Whites at 3.5%, Blacks at 6.5% and Hispanics at 4.6% showing no change over the month.
When it comes to the unemployed, the number of job losses and people with temporary jobs increased by 211,000 in June resulting in an overall 3.1 million. The total number of re-entrants into the labor force rose by 204,000 leading to a total of 2.1 million. Re-entrants are those people who previously had worked but weren’t a part of the labor force prior to when they began their job search.
In terms of the number of long-term unemployed persons (people who have been unemployed for 27 weeks or more) increased by 289,000 in June, totaling 1.5 million unemployed. These long-term unemployed people accounted for 23% of the total unemployed.
June saw the civilian labor force grow by 601,000. The labor force participation rate increased by 0.2% over the month to 62.9% overall but hasn’t depicted a clear trend so far this year.
The employment-population ratio, however, has been unchanged at 60.4% in June and has been essentially flat since February of 2018.
NonFarm Payroll Employment
The total nonfarm payroll employment for the month of June increased by 213,000 and has risen by 2.4 million over the past year. In June, job gains occurred in professional and business service industries, manufacturing industries and the healthcare industries. However, the month of June saw a decline in employment in the retail trade industry.
The professional and business services industries increased jobs by 50,000 in the month of June, all of which has contributed to the 521,000 jobs created in the past 12 months.
The manufacturing industries added in 36,000 jobs in the month of June. The durable goods manufacturing industry accounted for nearly all the increase in employment, with the inclusion of job gains in fabricated metal products (+ 7,000). Computer and electronic products had an increase in 5000 jobs, primary metals with 3000 jobs and motor vehicles and parts with 12000 jobs. The increase in jobs for the motor vehicles and parts industries comes after a large decrease of 8000 jobs in May 2018. Over the past 12 months, the manufacturing industry overall added 285,000 jobs.
The Healthcare industry in the United States increased its employment by 25,000 in the month of June. Over the year, the healthcare industry has added 309,000 jobs in the United States. In the healthcare industry, hospitals added in 11,000 jobs and employment in ambulatory health care services added in 14,000 jobs.
Employment in the construction industry has a constant uptick in employment with 13,000 jobs in the month of June. Over the year, the construction industry has garnered 282,000 jobs.
Employment in the mining industry continued in an upward trend with 5000 jobs added. The industry suffered a low point in October 2016 and since then added 95,000 jobs. The addition of jobs was mostly in support activities for mining.
The month of June saw the retail trade industry lose 22,000 jobs. The decline of jobs will majorly impact the gain of 25,000 jobs that were made in May 2018.
In terms of major industries, there was little or no change in the month of June. The industries that saw minimal change in employment are the wholesale trade, transportation and warehousing, information industries, financial activities, leisure and hospitality industries and government-run industries.
In the US, the Social Security Disability Insurance program is one of the most misused programs. The newly added feature states that those who received SSDI benefits would be reviewed. Before the added feature, once people are in the SSDI system that they can rarely get off until now.
A New York Times report suggests that social security plunged as the economy continues to get stronger. This shows that disability claims have fallen to a 15-year low where only 8.63 million received disability benefits as compared to 8.96 million in September 2014.
This showcased that projected solvency of Social Security of the long depleted Disability Insurance trust fund has been extended to 2032. This is nine years later since the projection was two years ago. In this regard, this is a massive gain and explains that there has been a huge drop in the number of beneficiaries.
While the disability claims fell to a 15 year low in 2017, it also saw a projected solvency of Social Security of the Disability Insurance trust fund to be extended all the way to 2032. This means that the number of people in the program’s rolls has fallen by more than 350,000 from its peak four years ago.
This helps predict the economy as it continues to improve. The two things that you notice about this is that people prefer their dignity of having a job and the second is that they are tempted to cheat if the jobs are scarce which is not a good sign.
While a strong economy should not have a big effect on how many people are too disabled to work. At the same time, there are some that abuse the system to make a gain. In this case, it’s as simple as reasoning that certain people would defraud the system instead of getting off the couch.
On one hand, applications for disability benefits jumped nearly one-third in the first two years after one of the worst financial crises hit the U.S. Though there was an outpour of applications, this did not afflict the several people that subscribed to the system.
This comes at a time when the Trump administration projected that $72.5 billion would be slashed from Social Security disability programs. Though the Trump administration deserves some credit for the reduction in SSDI claims, it makes it impossible for people to apply for both disability payments and unemployment benefits.
At the same time, magistrates would evaluate disability claims that are retrained to avoid awarding several payments to those that make a mockery of the system. So the question is, who benefits from the decline in the SSDI claims?
The straightforward answer would be the taxpayer for sure. Here people that are genuinely disabled and unable to work would be allowed to receive disability.
In today’s society, there is a safety net for people that are incapable of supporting themselves. It is when able people claim benefits that it destroys the support structure of the system.
The thumb rule is those capable people that can support themselves should not drain the funds for those that cannot work. Thus, a leaner disability program would ensure that fewer people would benefit from a stronger program with a safer trust fund.
While there is also another set of beneficiaries that really do not deserve the SSDI benefits, this would lead them to have jobs and leading honest working lifestyles.
While disabled workers can apply for both SSDI and Workers Compensation (WC) benefits, there is an estimated 10% of the SSDI beneficiaries that qualify for WC benefits. In the same way when evaluating how individual states treat SSDI within their workers’ compensation system regulatory framework. This is an important trend that involves dual receipts.
In addition, this is critical to understand how federal and state insurance programs share the cost incurred in caring for these individuals. Here, the number of SSDI beneficiaries rose by 58% and the SSDI expenditures grew by 138% between the 15-year period of 2001 to 2015.
In terms of expenses, this means that expenditures grew from $60 billion to $143 billion and peaked in 2010. After which, the number of SSDI beneficiaries have been stable and growth has been moderated.
This leaves the Social Security Administration to suggest that the number of applicants is to decline after the recession when the number of beneficiaries peaked. So even when the government number crunchers were unaccounted for, the duration of the fall set it off.
At the same time, the expansion of Medicaid in 33 states and the District of Columbia has been successful. It has improved insurance coverage under the Affordable Care Act where experts argue that fewer people look into the disability program as a way to obtain health care.
To finally understand the ramifications of this, a 2017 study explains that there are field office closings that lead to large reductions in a number of disabled applicants. Those that had moderately severe conditions, low education levels, pre-application earnings were hit the hardest.
Still Looking For a Job? – FileUnemployment.org
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How do you know if you are eligible? Try the Eligibility Calculator and get to know if you can receive the benefits that you are due. This way, you can learn about the amount that you would receive in terms of benefits based on the wages that you earned. This is sure to help you identify what you are eligible for and that you get your fair share of what is due to you.
The total nonfarm payroll employment in the United States increased by 223,000 in May 2018. Coincidentally, the unemployment rate in the United States edged down further to 3.8%, as reported by the US Bureau of Labor Statistics. There has been a steady uptick in employment in several industries. These industries include retail trade, health care, and construction.
Over the years, the unemployment rate in the country edged down by 0.5% which resulted in the number of unemployed persons declining by 772,000. The total number of unemployed persons has declined to 6.1 million.
Among the major working groups, the unemployment rate for adult men was 3.5%. African-Americans were reported to be at 5.9% and Asians to be at 2.1% The jobless rates for adult women were reported to be at 3.3%, teenagers at 12.8%. Whites and Hispanics were reported to be at 3.5% and 4.9% respectively.
When it comes to the number of long-term unemployed ( people jobless for 27 weeks or more), there was little to no change at 1.2 million in May. the long-term unemployed accounted for 19.4% of the total unemployed. Over the past year, the number of long-term unemployed declined by 476,000.
The labor force participation rate for the month of may changed little at 62.7% while the employment-population ratio remained at 60.4%.
Nonfarm Payroll Employment
May 2018 saw the total nonfarm payroll increase by 223,000. This is in comparison of the average monthly gain of 191,000 over the past 12 months. Over the month of may, employment trended up in many industries, namely retail trade, health care and construction.
May saw the retail trade industry add 31,000 jobs, with gains mostly occurring in general merchandise stores (+13,000) and building material and garden supply stores (+6000). Over the year, the retail trade industry added 125,000 jobs.
The healthcare industry saw its employment increase by 29,000 in May. This is similar to the average monthly gain in employment in the past 12 months. Employment in ambulatory health services was increased by 18,000 jobs in May while employment in hospitals trended up by 6000.
The Construction industry continues its upward trend in Employment with the addition of +25000 jobs in the month of May. Over the past 12 months, the construction industry has raised 286,000 jobs. Within the construction industry, nonresidential specialty trade contractors added 15,000 jobs over the month.
Professional and technical services saw its employment trend up by +23000 jobs in May and have risen in jobs by 206,000 over the year.
The transportation and warehousing industry added 19,000 jobs in the month of May and 156,000 jobs in the past 12 months. Job gains of +7000 occurred in warehousing and storage, and +5000 jobs were gained in couriers and messengers.
Employment in the manufacturing industries expanded by +18000 over the month of may. Durable goods accounted for most of the increase in jobs, with the inclusion of 6000 jobs in machinery. Employment in manufacturing industries rose by 259,000 over the year with about 3/4th of jobs coming from the durable goods industries.
The mining industry added in 6000 jobs in the month of may. Since the low point occurring in October 2016, the mining industry has grown by 91,000 jobs. This is mostly because of support activities for mining which accounts for nearly all of the increase in jobs.
In terms of other major industries like wholesale trade, information, financial activities, leisure and hospitality and government saw little to no change in the month of May 2018.