February saw a very slight change in the number of unemployed people as compared to the previous month. It currently stands at 5.8 million. Total nonfarm payroll in February rose by 273,000. This is a notable increase as compared to January. The unemployment rate stands at 3.5%, having dropped by 0.1% from January.
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 und.... Read more »
After a long period of stagnation now comes a ray of hope for the unemployed. The number of Americans applying for unemployment benefits fell to 340,000 last week from 363,000, a level indicating visible job growth in recent quarters. This is lower than the median estimate of 345,000 predicted by 50 economists in a survey by Bloomberg News. A spokesman for the Labor Department said that there w.... Read more »