Nonfarm payroll for the month of December rose by 145,000. It is significantly less as compared to the previous month. The U.S Bureau of Labor Statistics reported no change in the unemployment rate which currently stands at 3.5%.
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.
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.
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.
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 Read more »
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.... Read more »
Companies are finding it exceedingly difficult to source talent. Currently, 79% of hiring managers find it difficult to get the right talent to meet the requirements of open positions. 41% of hiring managers also express that turnover rate has increased since last year. This is due to employees being lured away by competito.... Read more »
A nation’s economy is its backbone, having an immediate as well as a lasting impact on pretty much every single citizen. The need to want the country’s economy to grow and flourish – to want the currency to hold its position globally, to keep import and export healthy and financially viable, to strive for employment for all and to have a yearly budget that loo.... Read more »
The national average unemployment rate has witnessed a free fall over the last couple of months. Jobless rate last reported for February 2015 was just 5.5%, down by 1.2 percent over the year. Stakeholders across various social and economic groups have been closely tracking progress in their respective segments to monitor the impact of massive job creations in the last two calendar quarters.A rec.... Read more »