Job Market Monitor
United States Department of Labor
Unemployment Insurance Weekly Claims Report : A good drop after two dissapointing weeks, but rises some concern
SEASONALLY ADJUSTED DATA In the week ending April 28, the advance figure for seasonally adjusted initial claims was 365,000, a decrease of 27,000 from the previous week’s revised figure of 392,000. The 4-week moving average was 383,500, an increase of 750 from the previous week’s revised average of 382,750. The advance seasonally adjusted insured unemployment rate was 2.6 percent … Continue reading
Unemployment Insurance Weekly Claims Report : Two in a row dissapointing weeks, not a good sign
SEASONALLY ADJUSTED DATA In the week ending April 21, the advance figure for seasonally adjusted initial claims was 388,000, a decrease of 1,000 from the previous week’s revised figure of 389,000. The 4-week moving average was 381,750, an increase of 6,250 from the previous week’s revised average of 375,500. The advance seasonally adjusted insured unemployment rate was 2.6 percent … Continue reading
North Carolina Extended Employment Benefits To End In May
Based on notification from the U.S. Department of Labor, North Carolina is no longer eligible for the Extended Benefits program. The last payable week of the Extended Benefits program will be the week ending May 12, 2012. Workers who file their claim through the Extended Benefits program will no longer be eligible to receive extended … Continue reading
UPDATE – Bridge to Work | Experiments with unemployment insurance keep benefits to recipients in job training
Turning the Unemployment Program into a Reemployment Program – Official Press Release by DOL Two months ago, the President signed the Middle Class Tax Relief and Job Creation Act of 2012. That legislation extended the vital payroll tax cut and federal unemployment insurance programs that have been so crucial for American families and to the continued … Continue reading
Bridge to Work | Experiments with unemployment insurance keep benefits to recipients in job training
The Obama administration is looking for states that will experiment with unemployment insurance programs by letting people test a job while still receiving benefits. The plan is a key feature of a payroll tax cut package that President Barack Obama negotiated with congressional Republicans in February. The Labor Department will open the application process Thursday … Continue reading
Unemployment Insurance Weekly Claims Report : Disappointingly Stable
SEASONALLY ADJUSTED DATA In the week ending April 14, the advance figure for seasonally adjusted initial claims was 386,000, a decrease of 2,000 from the previous week’s revised figure of 388,000. The 4-week moving average was 374,750, an increase of 5,500 from the previous week’s revised average of 369,250. The advance seasonally adjusted insured unemployment rate was 2.6 percent … Continue reading
New Hampshire | Job Program | Giving a chance to try out jobs that were not considered
More than 12 million Americans are out of work, according to the U.S. Department of Labor. Looking for a job similar to the one that was lost can be a frustrating and futile exercise, but an employment program in the northeastern state of New Hampshire gives the unemployed a chance to try out jobs they … Continue reading
U.S. | Hiring at highest level in more than 3 years
There were 3.5 million job openings on the last business day of February, little changed from January, the U.S. Bureau of Labor Statistics reported today. The hires rate (3.3 percent) and separations rate (3.1percent) were little changed in February. The job openings rate, at 2.6 percent, has trended upward since the end of the recession in … Continue reading
Workforce Retirements and Skills Gaps
A joint survey released April 9, 2012, by the Society for Human Resource Management (SHRM) and AARP shows that U.S. employers are ramping up training programs aimed at closing expected skills gaps left when Baby Boomers retire. In addition, companies are enhancing employee benefits that they hope will help with recruiting and retaining older workers, … Continue reading
Skills Gap | Community colleges part of the solution
Community colleges have long viewed job training as central to their mission, but the role has taken on added significance since the economic recession. Even with nearly 13 million Americans unemployed, some companies can’t find qualified candidates. As many as 3.5 million jobs are unfilled right now, many of them in the fields of information … Continue reading
U.S. | Older workers capture more new jobs
Older workers are snaring an outsized share of job gains in the economic recovery as they put off retirement amid shrinking nest eggs, changes in Social Security benefits and improved health. They’re not necessarily limiting the pool of jobs for younger workers, says Dean Maki, chief U.S. economist for Barclays Capital. More-experienced employees are often … Continue reading
U.S. | Men Taking 88% of Recovery Jobs
Men, who lost more than twice as many jobs as women during the worst economic slump since the Great Depression, have landed 88 percent of the non-farm jobs created since the recession ended in June 2009. The share of men saying the economy was improving jumped to 41 percent in March, compared with 26 percent … Continue reading
News | Jobless Claims Reach New Four-Year Low
“New claims for unemployment benefits fell to a new four-year low in the United States last week, according to a government report. A separate report confirmed the American economy expanded at an annual rate of 3 percent late last year” reports the NYT. ______________________________________________________ Unemployment Insurance Weekly Claims Report (Excerpts from the Press Release) SEASONALLY ADJUSTED … Continue reading
U.S. | Job Market Improving | Quits increase and the number of unemployed per job opening falls
“Quits tend to rise when there is a perception that jobs are available and tend to fall when there is a perception that jobs are scarce” writes BLS. The good news, they are rising. Moreover, the number of unemployed persons per job opening is decreasing. The number of quits has exceeded the number of layoffs and discharges … Continue reading
Unemployment Claims | Remain at 4-Year Low
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT SEASONALLY ADJUSTED DATA In the week ending February 25, the advance figure for seasonally adjusted initial claims was 351,000, a decrease of 2,000 from the previous week’s revised figure of 353,000. The 4-week moving average was 354,000, a decrease of 5,500 from the previous week’s revised average of 359,500. The advance seasonally … Continue reading
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