The latest numbers show that that employers cut 11,000 jobs in November, less than expected by most analysts. The jobless rate dropped from 10.2% to 10% and perhaps most siginificanly, the average work week increased from 33 hours to 33.2 hours. Because employers typically extend the number of hours before hiring new employees, [...]
Continue reading...Wednesday, November 25, 2009
New claims for unemployment insurance fell last week to 466,000, the lowest mark since September of 2008. Even as new claims start to slow down, the unemployment rate continues to nudge upwards. Many economists continue to believe that unemployment won’t turn around until the middle of next year. There were other encouraging signs of [...]
Continue reading...Friday, November 20, 2009
It’s beginning to feel like a trend, and this is the kind of trend that we like to talk about. Job losses slowed across the nation in October, with several states adding jobs. The two states with the highest jobless rates, Michigan and Nevada, both showed a decline. Michigan’s jobless rate fell [...]
Continue reading...Friday, November 6, 2009
The national unemployment rate moved up another .4 percent in October to a 25 year high of 10.2 percent. Employers cut more jobs than forecast, nudging the number up further than had been expected. Construction and manufacturing jobs continue to show the largest declines. The news isn’t all grim, however. The rate of [...]
Continue reading...Wednesday, October 21, 2009
23 states saw an increase in their jobless rate last month. 43 states lost jobs in September while only 7 states saw an increase. Because the unemployment rate does not count long term unemployed who have stopped looking for work, several states lost jobs but saw a drop in the unemployment figures anyway. Nevada [...]
Continue reading...Friday, October 16, 2009
California lost another 39,300 jobs last month, almost 6 times the number of jobs lost in August. 14,100 jobs were lost in construction and 12,700 government jobs are gone. Shortfalls in the operating budgets of local governments across the state are blamed for the steep job loss in the government sector. Although job [...]
Continue reading...Friday, October 16, 2009
Minnesota experienced a .7% reduction in its jobless rate last month, falling from 8% to 7.3%. On the surface, this looks like good news for the state, but the state also lost 7,900 jobs in the same time period. The apparently contradictory numbers result from different methodologies used to compute the statistics. [...]
Continue reading...
Friday, December 4, 2009
0 Comments