Articles Related to : employment situation

The release of the Employment Situation, October 2020, has good news for all Americans as the US unemployment rate dropped to 6.9%. There was a decrease in the unemployment rate across all worker groups and a fall in the number of people temporarily laid off, but the number of permanently laid-off workers has not dropped.

Huge Drop From April Values

Its been a while since unemployment benefits were extended to cover a wider range of unemployed people. So far some states have been quick to keep their labor websites updated with the progress while others are reportedly slow on keeping UI applicants informed. In this article, we shall su.... Read more »

Key Points:

•  Total nonfarm payroll employment in August rose by 130,000. The rise in June was 178,000
•  Increase in the average hourly earnings to 0.4 percent in August  from 0.3 percent in July
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As per the April employment situation report, the unemployment rate is the lowest in 50 years at 3.6 percent while nonfarm payroll employment increased by 263,000. The April employment situation report further stated that major job gains were in professional and business services, construction, health care, and social assistance.

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In March, the total non-farm payroll increased by 196,000 while the unemployment rate remained unchanged at 3.8 percent. The major gainers were in the field of health care and people employed in technical and professional services.

Household Survey Data

The total nonfarm payroll employment in February changed a little by 20,000 as compared to January. The unemployment rate has decreased to 3.8 percent. The main reason for improvement in unemployment rate is based on professional and business services, wholesale trade, health care that saw a trend up while construction employment decreased.

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In January, the total nonfarm payroll employment increased by 304,000 as compared to December which had an increase of 312,000 jobs. The unemployment rate has increased from 3.7 percent to 4 percent and this could be attributed to the Shutdown which lasted for 35 days from December 22, 2018, until January 25, 2019.

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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.

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The month of April sees the total nonfarm payroll employment in the United States increased by 164,000. But the biggest update in the month of April is the unemployment rate edging down to 3.9 percent. This update comes after six months of being static at 4.1%. In terms of employment, jobs gains had occurred in the professional and business services, manufacturi.... Read more »

The unemployment rate in the United States for the month of February 2018, remains unchanged at 4.1%. There has been no change in the unemployment rate since October 2017. However, in the month of February, the total nonfarm payroll employment increased to 313,000. There has been a significant increase in employment in industries such as construction, retail trade, .... Read more »