A Thursday report from the Labor Department highlighted a drop in the amount of Americans that are filing for unemployment benefits. According to the report, the economy has gained sufficient momentum to generate some inflation and shows overall signs of strengthening.
The report revealed that initial claims for state unemployment benefits dropped by 3,000 for the week that ended July 8. According to labor market measures, this is the 123rd straight week that the application threshold has remained below 300,000, which is associated Find Out More…
Nationwide mandatory E-Verify, which would weed out the vast majority of American businesses hiring illegal aliens, may be coming sooner than expected.
President of the E-Verify Employer Agent Alliance David Fowler told GCN that E-Verify “is coming” because of expansion efforts by United States Citizenship and Immigration Services (USCIS) and President Donald Trump.
“Mandatory E-Verify appears to be something that is coming,” Fowler told GCN. “With the new administration in, I think they’re going to push for this.”
E-Verify is a hiring tool where employers must fill out I-9 forms for each employee they hire in order to ensure that the employee is legally allowed to work in the U.S. Illegal immigrants are Find Out More…
California’s unemployment rate fell to 4.8 percent in April, the lowest rate since the top of the dot-com bubble in December 2001.
The number of Californians employed in nonfarm jobs actually fell by 16,300 jobs in April, but on a seasonally adjusted basis the unemployment rate ticked down by 0.1 percent. The state’s employment growth since the bottom of the Great Recession in January 2010 is tracking at a gain of 2,494,600 jobs, according to the California Employment Development Department (EDD).
California’s seasonally adjusted unemployment rate still lags the national rate, which also ticked down by 0.1 percent in April to 4.4 percent, as American employers added 211,000 nonfarm payroll Find Out More…
As the whole of the old media establishment talks daily about unproven claims that Donald Trump colluded with the Russians to get elected, a bigger story has quietly been unfolding, and now it can be reported that in this new age of Trump, the unemployment numbers have fallen to a 28-year low.
The American job creation machine was re-ignited in April after a disappointing March. Payrolls grew by 211,000 jobs in the months and unemployment fell to 4.4 percent, the lowest since May 2007.
The consensus forecast of economists was for job growth of 185,000 and for a slight increase in unemployment.
A broader measure of unemployment known as U-6, which includes people not actively looking for jobs as well as workers who can only find part-time jobs, fell to 8.6 percent from 8.9 percent in March, the lowest level since November 2007. Somewhat strangely, the decline in unemployment and rise in job creation was accompanied by a tick downward in the labor force participation rate to 62.9 percent.
Masculinity got a shakeup in the wake of the Great Recession. Fresh research finds that the financial tsunami did more than wipe away men’s incomes; it affected their minds. Especially when their female partners earn more than they do.
A little background: Since the 1980s, the number of American households in Find Out More…
merica’s working man has taken a pounding over the course of the past half-century. According to the most recent data available, 15 percent of men in their prime working years (between 25 and 54) had no job—5 percent were unemployed and 10 percent were neither working nor looking for work. Fifty years earlier, in the summer of 1966, only 5 percent of men in that age range had no job. Most of the decline in male employment took place relatively recently, during the Great Recession, when men’s prime-age employment fell 8 percentage points, from 88 percent in the spring of 2007 to 80 percent in December Find Out More…
The number of people out-of-work collecting unemployment dropped to a 7-year low in April, according to new data from the Department of Labor.
Jobless claims fell by 49,000 to 1.98 million, which marks just the second time over the past eight years that the claims dropped below two million. The first time continuing claims dropped below the two million mark was in March.
The last time state agencies issued fewer checks to the unemployed was in April 2000.
First-time jobless claims, however, increased by 10,000 to 244,000 over a seven day period from April 9 to April 15. But the number of new applicants for unemployment benefits has been less than 300,000 for a period of 111 weeks straight, the longest streak of continuously low Find Out More…
Cobb-Clark’s study shows that joblessness weighs on men more than women. Men’s mental health starts to deteriorate as soon as they exit the labor market. Women are apparently made of sterner stuff: their mental health only worsens after they’ve been out of the labor force for a period of time.
Unemployment can lead to self-perpetuating downward spiral. The research also finds Find Out More…
Jobless claims by U.S. workers posted their biggest decline in nearly two years, a further indication of the strengthening of the U.S. labor market.
Initial claims for state unemployment benefits came in at a seasonally adjusted 234,0000 for the week ended April 1, the Department of Labor said Thusday. That was fewer than the 250,000 jobless claims forecast by economists polled by Reuters.
Jobless claims fell by 25,000, the largest drop since the week ending April 25, 2015. The four-week moving average of claims fell by 4,000 to 250,000. The four-week average is considered a more reliable gauge of labor market conditions as it isn’t as subject to factors, such as unseasonal weather, that can make the week-to-week numbers volatile.