Although you would expect American citizens to be enthusiastic about the economy picking up, it seems that the unemployment rate is no longer reflective of America’s mood. On Friday, reports showed that the jobless rate (which has been steadily declining) has dropped 5.8 percent. And compared to five years ago, when the unemployment rate was 10 percent, this gauge of economic strength is … [Read more...]
Jobless Claims Continue Drop to Lowest Level in Over 14 Years
Recent estimates made by the Labor Department show that initial claims for jobless benefits have dropped to the lowest weekly tally in over 14 years. These figures reflect a healthy trend in the labor market, as employers seem to be laying off very few workers. The data released on Thursday shows that the number of people in the United States applying for jobless benefits has dropped by 23,000 … [Read more...]
Unemployment has a More Pernicious Effect on Happiness than Rising Inflation
Economy may be picking up steam, new jobs may have become available, but investors say that inflation still remains a problem. They couldn't be more wrong. According to September's job reports, 248.000 jobs have been added, which means that unemployment rate is now 5.9 percent. Investors with more than 10.000$ in investable assets are more optimistic now. However, the so-called "Investor and … [Read more...]
Job Growth Rebounds As Unemployment Rate Drops to 5.9%
Fears that the labor market had been faltering again have been eased after job growth experienced a strong rebound last month. Additionally, for the first time in the last six years, the unemployment rate fell to under 6%, which provided Democrats the boost they needed before the midterm elections. Economists say that the August hiring slowdown was just an anomaly which they hadn’t foreseen but … [Read more...]
12,000 Unemployment Applications Filed by Americans During the Last Week
After unemployment rates had continuously decreased over the summer months, applications suddenly rose by 12,000 during the last week. Despite the obvious rise, unemployment rates still remain near pre-recession levels, pointing towards the fact that hiring is and will remain healthy. According to Labor Department estimates released on Thursday, weekly unemployment benefit applications increased … [Read more...]
Weekly Unemployment Plunges Yet Again
Last week, unemployment claims plunged again to an astonishing low of 284,000 (lowest in the last eight years) which leads experts to the conclusion that the labor market is slowly but surely solidifying. After the level of people receiving unemployment benefits was revised last week by the Labor Department, the number of people that were filing for unemployment benefits for the first time had … [Read more...]
