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...]
Fewer Wage Raises Offered by Companies in the Third Quarter, Survey
Some jobs lost during the recession have been recovered, but the new ones are not that well paid. In fact, jobs are increasingly precarious, with part-time jobs becoming the norm. Part-time workers are not only paid less, but they don’t usually enjoy important health and social benefits. Now a survey found that during the third quarter, the number of wage raises decreased dramatically. The … [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...]
Long-term Unemployment associated with Depression in Americans
The job status largely affects any individual’s mindset. A new study about unemployment has found scientific evidence into it. A recent survey, conducted by Gallup, has found that Americans who have been without a job for a long time are more likely to be clinically depressed than those who are working. Out of the 3, 56, 599 Americans involved in the study, 18,322 of the individuals were … [Read more...]
US job market improving as unemployment aid claims hit 7-year low
In a positive development, the US job market was seen strengthening as the number of Americans filing new claims for unemployment benefits fell last week to its lowest level in seven years. According to the Labor Department report, released on Thursday, the initial unemployment benefits applications in the United States dropped from 24,000 to 297,000 for the week that ended May 10. This … [Read more...]
