Huge Drop From April Values

Among the many crises precipitated by the COVID-19 pandemic, the economic collapse and the resultant massive unemployment are uppermost among the public's minds. The unemployment rate soared to 14.7% in May 2020 from below 3% in December 2019. As jobs have been a much-discussed issue even before the pandemic struck, everyone is wondering what the unemployment rate does not tell you. .... Read more »

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 »

To spell it out in his own words, President Trump tweeted, “In many ways, this is the greatest economy in the HISTORY of America.” This poses a question of whether the economy is doing exceptionally well post the Obama administration. This is based on the big difference between the level of economic performance and the direction of change in the economy based on.... Read more »

The Employment situation is a monthly report provided by the US Bureau of Labour statistics. The report mainly consists of data which involves the unemployment rates in the country. This unemployment rate research takes into account all factors such as unemployment in the terms of ethnicity, race, gender, age and industry.  The report also examines the improvem.... Read more »

Despite Hurricanes Harvey and Irma, the latest unemployment rates have remained below the 5% mark that President Barack Obama achieved. The unemployment rates across the US have been dipping constantly with occasional minute spikes. In a recent report released by the U.S. Bureau of Labor Statistics (BLS), it showed a 0.2% drop in the unemployment rates for September.... Read more »

With 8 years of president ship behind him, Barack Obama successfully reduced the unemployment rate to below 5%, a monumental success given that he took office when the country was facing its greatest economic downward spiral. But is that all? There are indeed many states, who have really pushed their limits. After exploring the most frie.... Read more »

A right mix of natural resources, industries and skilled workers is the secret to a prospering economy and low unemployment rate. North Dakota is blessed with all of the above making it the state with lowest unemployment rate in the entire nation. According to the data released by Bureau of Labour Statistics for the month of April, North Dakota has 3.3 percent of unemployment rate, up by 0.1 pe.... Read more »