Unemployment Extension News




August 2020 News Update: July's National unemployment figures were released today, they are showing a decrease in unemployment nationwide:
10.2% (down 0.9%)

Latest news | 2017 news | 2016 news | 2015 news | 2014 news | Older news

7/27/2020: in July of 2020 : The current US weekly national unemployment rate is 11.1%. Enhanced Unemployment Benefits of $600 per week expired last Friday, Jul 24. This week will be critical for Congress to pass a considerably reduced bill to ensure millions of Americans continue to receive enhanced benefits. This bill will also likely extend the eviction moratorium that shields 20+ million jobless from losing their homes. On Sunday, Treasury Secretary Steven Mnuchin announced that Senate Republicans are planning to release the GOP bill. This $1 trillion COVID-19 relief bill was proposed today, Monday, July 27. It includes another $1,200 payment, supplementary school funding, and a short-term extended benefits extension that slashed weekly payments from $600 to $200. White House is behind the reduction of the Enhanced Unemployment Benefits. This week will be critical since when the GOP bill is in place, it might be challenging to return extended benefits to $600/week level. The new number of unemployment benefits claims increased by 109,000, to reach a total of 1.4 million. Job losses took place in CA, IL, and NH in the service industry. The four-week moving average decreased by 16,500 to 1.4 million. Insured unemployment dropped by 1.1 million to reach 16.2 million.

7/19/2020: in July of 2020 : The current US weekly national unemployment rate is 12.2%. The highest unemployment rates are in MA 17.4%, NJ 16.6%, NY 15.7%, NV 15.0%, and CA 14.9%. The lowest national unemployment rates are in KY 4.3%, UT 5.1%, ID 5.6%, ND 6.1%, ME 6.6%, and OK 6.6%. Fifty-one million jobless Americans applied for benefits in the past 17 weeks since President Trump declared the COVID-19 emergency. A recent survey determined that almost 70% of all Americans need an extension of the CARES Act, at least until the end of 2020, to survive the rest of the year. About 20% of the workforce strongly believe that the second stimulus payment amount should be greater than $600. Only about 1/3 of the US workforce thinks they are better off now. The overall sentiment of not extending a $600 per week unemployment check is that it would result in catastrophic consequences. Although many Americans believe benefits will not be extended. The new number of unemployment benefits claims decreased by 10,000, to reach a total of 1.3 million. The four-week moving average fell by 60,000 to 1.4 million. Insured unemployment dropped by 0.4 million to reach 17.3 million.

7/12/2020: in July of 2020 : The current weekly unemployment rate is 12.4%. The US recession will be recognized officially only after the Q2 2020 GDP announcement later this month. Economists forecast that GDP will decline by approximately -15% and grow +5% in Q3 2020, making it the fastest recession in US history. As a result, Real GDP growth in the US in 2020 will be slightly negative, but will fully recover in 2021. The CARES Act that extended unemployment benefits by $600/week will expire in July. 110 Congressmen signed a letter urging President Trump to continue COVID-19 benefits until the end of 2020. With this supplemental payment, up to 2/3 of all jobless are better off financially than while employed, and ~20% doubled their income. Nonetheless, the coronavirus situation is still far from being under control, and the government may not have another choice but to extend the benefits. The new unemployment benefit claims declined by 0.1 million, to reach a total of 1.3 million. The four-week moving average decreased by 0.1 million to 1.4 million. Insured unemployment fell by 0.7 million to reach 18.1 million.



7/5/2020: in July of 2020 : June's national unemployment rate decreased by 2.2% to 11.1%. US Employers added 4.8 million jobs: +2.1 million in Hospitality, +0.7 million Retail, +0.7 million in Services, +0.6 million Healthcare, +0.4 million Manufacturing, +0.2 million in Construction, and +0.2 million in Wholesale, while Mining jobs declined by -10,000. June's hourly rate is $29.37 - a decrease of 35 cents since last month and up +5.0% in the past 12 months. The US labor force participation rate rose by +0.7% to 61.5%. Improvements in the US economy exceeded expectations, but analysis of late-June and early-July coronavirus cases suggests that improvements might be temporary. Since the declaration of the COVID-19 emergency, almost 49 million Americans applied for jobless benefits. Economists expect a turbulent economic situation until a COVID-19 vaccine is available. The new number of claims decreased by 0.6 million to 1.4 million, mostly due to fewer layoffs in AZ, OH, and NY partially offset by layoffs in PA, NV, and FL. The four-week moving average decreased by 0.1 million to 1.5 million. Insured unemployment declined by 60 thousand to 19.3 million.

6/28/2020: in June of 2020 : The current US weekly national unemployment rate is 14.1%. The highest unemployment rates are in NV at 25.4%, HI 22.7%, and MI 21.2%. The lowest national unemployment rates registered in NE at 5.2%, UT 8.5%, and WY 8.8%. The jobless rate for employees of age 65+ holding skilled jobs is at 13.2%, mainly due to a high proportion of jobs not conducive to telecommute. Yet the overall situation shows some glimmer of hope as unemployment numbers are slowly improving. An additional $600 per week in unemployment benefits authorized by the CARES Acis scheduled to expire on July 31. Unless Congress approves an extension, joblessness benefits will decrease to a regular $400 per week prescribed by individual states. In all situations, when you need help with your unemployment benefits, we strongly recommend getting in touch with your closest unemployment office. Never share your SSN or any other personal information with anyone besides your unemployment office. The new number of unemployment benefits claims decreased by 58,000, to reach a total of 1.5 million. The most significant job gains took place in FL, TX, and GA across a broad range of industries. The four-week moving average decreased by 235,000 to 1.8 million. Insured unemployment dropped by 62,000 to reach 20.5 million.

6/21/2020: in June of 2020 : The current US weekly national unemployment rate is 14.1%. The highest unemployment rates are in NV at 25.4%, HI 22.7%, and MI 21.2%. The lowest national unemployment rates registered in NE at 5.2%, UT 8.5%, and WY 8.8%. The jobless rate for employees of age 65+ holding skilled jobs is at 13.2%, mainly due to a high proportion of jobs not conducive to telecommute. Yet the overall situation shows some glimmer of hope as unemployment numbers are slowly improving. An additional $600 per week in unemployment benefits authorized by the CARES Acis scheduled to expire on July 31. Unless Congress approves an extension, joblessness benefits will decrease to a regular $400 per week prescribed by individual states. In all situations, when you need help with your unemployment benefits, we strongly recommend getting in touch with your closest unemployment office. Never share your SSN or any other personal information with anyone besides your unemployment office. The new number of unemployment benefits claims decreased by 58,000, to reach a total of 1.5 million. The most significant job gains took place in FL, TX, and GA across a broad range of industries. The four-week moving average decreased by 235,000 to 1.8 million. Insured unemployment dropped by 62,000 to reach 20.5 million.

6/14/2020: in June of 2020 : The current week's insured unemployment rate is 14.4%. Fed's chief Jerome H. Powell warned that economic recovery and returning to normal could be slow and painful. Economists expect the US economy to shrink 6-7% in 2020 but start growing again in 2021 at an annualized rate of up to 5%. Manufacturing created 225,000 new jobs in May 2020 but lost 1.1 million in the past 12 months. Low income and low skill workers are impacted the most by unemployment, while engineering and computer occupations see the lowest unemployment rates in US history. Federal COVID-19 aid programs primarily benefited public companies, hedge funds, and large businesses while left small businesses wondering how to survive on their own. Travel to China advisory remains at Level 4: Do Not Travel. The new unemployment benefit claims declined by 0.36 million, to reach a total of 1.5 million. The four-week moving decreased by 0.29 million to 2.0 million. Insured unemployment declined by 0.34 million to reach 20.9 million.

6/7/2020: in June of 2020 : May's national unemployment rate decreased by 1.4% to 13.3%. US Employers added 2.5 million jobs: +1.2 million Hospitality, +464,000 Construction, +424,000 Healthcare, +368,000 Retail, +272,000 Services, +225,000 Manufacturing, and +127,000 Professional Services, offset by crease of -585,000 in Government jobs. May's hourly rate is $29.75 - a decrease of 29 cents since last month and +6.7% in the past 12 months. The US labor force participation rate rose by +0.6% to 60.8%. The US is not officially in a recession since there have not been at least two consecutive quarters of economic decline. In Q1'2020, US GDP decreased at an annual rate of 4.8 percent. Economic growth numbers for Q2'2020 will become available in July 2020 when the Recession will likely be officially confirmed. The weekly unemployment claims decreased by 250,000 to 1.9 million. The four-week moving average declined by 325,000 to reach 2.3 million. Insured unemployment rose by 650,000 to reach 21.5 million.

5/31/2020: in May of 2020 : The current US unemployment rate is 14.5% (down 2.6%.) More than 40 million workers applied for unemployment benefits since the beginning of the COVID-19 lockdown in March. Congress approved the Pandemic Emergency Unemployment Compensation (PEUC) benefits in March that entitle unemployed for an additional 13 weeks after the expiration of regular (UI) benefits. Unfortunately, 19 states have not implemented PEUC yet. Also, unless Congress decides to extend emergency benefits, they will run out in a short while. This situation may create a wave of bankruptcies similar to those during the Great Recession. The new number of claims decreased by 0.3 million to 2.1 million, mostly due to fewer layoffs in GA, NJ, and KY in Hospitality and Healthcare partially offset by layoffs in CA, WA, and NY in the Service industry. The four-week moving average decreased by 0.4 million to 2.6 million. Insured unemployment declined by 3.9 million to 21.1 million.



5/24/2020: in May of 2020 : The current US national unemployment rate is 17.2%. Nevada registered the highest unemployment rate in US history for any state at 28.2%. Michigan is the second most affected state, with an unemployment rate of 22.7%. Considerably larger hospitality and retail industry segments in these states are to blame for disproportionate economic hardship. Unfortunately, while many jobless workers are struggling to get financial relief through the Pandemic Unemployment Assistance (PUA) program, there are bad apples who use this situation to run fraudulent schemes. Under no circumstances should you share your personal information with any third party websites. Homeland Security has been in touch with all North American websites owners operating in the US Unemployment marketplace. All of us suspended the collection of any marketing data to protect websites against potential data breaches. All-in-all, COVID-19 caused more economic destruction in just 2 months than the Great Recession did in 18 months. The new number of unemployment benefits claims increased by 250,000, to reach a total of 2.4 million. The four-week moving average decreased by 500,000 to 3.0 million. Insured unemployment rose by 2.5 million to reach 25.1 million.

5/17/2020: in May of 2020 : The current unemployment rate is 15.7% - rate not seen since the Great Depression 90 years ago. 36 million US workers applied for jobless benefits since March 2020. Only about 60% of unemployment applicants have received benefits, and many payouts are significantly below anticipated amounts. Chairman of Federal Reserve, Jerome Powell, asked the US government to step up their game to avoid a cycle of bankruptcies and prolonged unemployment to avoid a scenario that took place during the great recession. GDP can shrink by up to 30%, but helping small businesses and unemployed workers now can potentially prevent an extremely long and challenging economic recovery. The House passed the Heroes Act that includes a 2nd stimulus check of $1,200 and hazard pay for essential workers. Past Week: The new unemployment claims decreased by 195,000, to reach a total of 3.0 million. The hardest hit by unemployment states are OK, MD and NJ. The four-week moving average decreased by 564,000 to 3.6 million. Insured unemployment rose by 456,000 to reach 22.8 million.

5/10/2020: in May of 2020 : April's national unemployment rate soared to staggering 14.7% - the highest rate in 50 years of unemployment measurement. US Employers lost 20.5 million jobs across all sectors and industries: Hospitality -7.7 million, Healthcare -2.5 million, Professional Services -2.1 million, Retail -2.1 million, Manufacturing -1.3 million, Other Service -1.3 million, Construction and Government -1.0 million each. Hourly rates increased by $1.34 since March at an annualized growth rate of 7.9%. The US labor force participation rate dropped by 3.0% to 60.2%. The weekly unemployment claims increased by 0.7 million to 3.2 million. The four-week moving average declined by 0.9 million to 4.2 million. Insured unemployment rose by 4.6 million to reach 22.6 million.

5/3/2020: in May of 2020 : The new number of claims decreased by 603,000 to 3.8 million. The four-week moving average decreased by 757,000 to 5.0 million. The insured unemployment rate increased by 1.5% to 12.4% - half the highest Great Depression unemployment rate of almost 25%. The unemployment rate increase since March marks the fastest unemployment rate jump in US history. Insured unemployment increased by 2.2 million to reach 18.0 million. Over 30 million Americans have filed for different types of aid. Economists anticipate that the unemployment rate will not hit single digits for the upcoming 18-24 months. Currently, less than 30% of all unemployed are entitled to receive benefits vs. over 35% during the Great Recession. There is also no conversation on Unemployment Extension as regular benefits will run out in 26 weeks while the unemployment rate will remain in double digits.

4/26/2020: in April of 2020 : The real unemployment rate in the US is now above 20%. The economy lost nearly 30 million jobs. Some believe that the situation will get as bad as during the Great Depression. The new number of claims decreased by 0.8 million to 4.4 million, mostly due to fewer layoffs in CA and MI in Service, Retail, and Manufacturing. The four-week moving average increased by 0.3 million to 5.8 million. Insured unemployment increased by 4.1 million to 16.0 million - the highest number in US history.

4/12/2020: in April of 2020 : Healthcare professionals and retail employees are among the most impacted by COVID-19 in terms of the number of cases and death toll. As hopes for the current situation to get resolved quickly wither away, a sobering realization of a long and challenging recovery replaces them. Many overworked and terrified frontline employees are leaving their jobs, choosing wellbeing over a paycheck. Many employers will find it very challenging to find and retain frontline employees, while freshly graduated students will find it increasingly difficult to find jobs during the upcoming global recession. Large corporations with significant cash reserves, online businesses, manufacturers of essential supplies, and food will be the winners in the new world. Local brick and mortar businesses, global travel providers, and nonessential goods manufacturers are likely to be COVID-19 casualties. The new unemployment benefit claims decreased by 261,000, to reach a total of 6.61 million. The four-week moving average increased by 1.60 million to reach 4.27 million. Insured unemployment rose by 4.40 million to reach 7.46 million.

4/5/2020: in April of 2020 : March's national unemployment rate increased by 0.9% to 4.4%. US Employers lost 701,000 jobs due to COVID-19 outbreak: -459,000 Hospitality, -76,000 Healthcare, -52,000 Professional Services, -46,000 Retail, -29,000 Construction, -18,000 Manufacturing, slightly offset by increase of +12,000 in Government jobs. March's hourly rate is $28.62 - an increase of 11 cents since last month and 3.1% in the past 12 months. The US labor force participation rate dropped by -0.7% to 62.7% - the lowest level in the past 18 months. April's numbers may be significantly worse and start leveling off in May. It is important to note that the US is not in a recession yet as there were no 2 consecutive quarters of economic decline. If the majority of Americans stay at home, wash hands, keep social distancing, and wear masks, the economy may start growing again in May or June. Also, a significant number of companies are hiring to meet Coronavirus needs. The weekly unemployment claims increased by 3.3 million to 6.6 million - the 50-year highest level. The four-week moving average rose by 1.6 million to reach 2.6 million. Insured unemployment rose by 1,245,000 to reach 3.03 million.

3/29/2020: in March of 2020 : The new number of claims increased by 3,001,000 to 3,283,000 - the highest number in US history. The four-week moving average increased by 765,750 to 998,250. Insured unemployment increased by 101,000 to 1.80 million - the highest insured unemployment level since April 2018. It will take at least a few more weeks to stop the spread of the virus. We will likely see further increases in the number of claims and higher levels of unemployment. March's unemployment rate is expected to be around 5-6% - something we haven't seen since 2014. Economists hope that the stimulus package will keep the economy afloat for the next while, and then some additional measures will help to restart it again. Besides COVID-19 impact, there are no fundamentals for another economic recession unless it is self-inflicted. The government is determined to improve the situation, and additional measures are coming. In the meantime, stay safe, wash your hands, take care of your family, friends, and community. Physical distancing doesn't mean social isolation.

3/8/2020: in March of 2020 : February's national unemployment rate slightly decreased to 3.5%. US Employers added +273,000 new jobs (Large Business 130,000, Mid-Size 25,000, the remaining Small Business): Healthcare +54,000, Hospitality +51,000, Government +45,000, Construction +42,000, Business Services +41,000, Financial Services +26,000, while Retail lost -7,000 and Transportation -4,000 jobs. February's hourly rate is $28.52 - an increase of 9 cents since last month and 3.0% in the past 12 months. The US labor force participation rate remains unchanged at 63.4%. The above information was collected before the spread of Coronavirus. US March's economic figures will likely be significantly worse. Leading US employers have already asked their employees to switch to work from home. Those businesses that haven't implemented similar measures may later regret their decision. The weekly unemployment claims decreased by 3,000 to 216,000. The four-week moving average is up by 3,000 to 213,000. Insured unemployment increased by 7,000 to reach 1.73 million.

3/1/2020: in March of 2020 : At this point, it looks like the Coronavirus Global Recession is on its way. There is still some modest chance to contain the global pandemic, but this hope rapidly dissipates. US stocks have been hurting in the past few days, plunging to levels we haven't seen since 2008. Investors are converting investments into cash though many are unclear on how low the market will go and how soon the stocks will reach the bottom. With 25% of all US homeless inhabiting densely populated areas of California, it might become an epicenter of Coronavirus desolation. The new number of claims increased by 8,000 to 219,000, mainly due to job losses in IL and MA. The four-week moving average is flat at 210,000. Insured unemployment decreased by 9,000 to 1.72 million.

2/23/2020: in February of 2020 : US employers are confronted by today's low unemployment environment trying to fill job openings in the areas of Skilled Labor, IT, Analytics, and Finance. More than 2/3 of all new positions require more than a high school diploma. Many industry analysts agree that the US is running out of people to keep the economic momentum going. After all, America might still need more immigrants, but this time they must be legal. Temporary work visas might be a solution. New York Fed published the most recent 3.9% unemployment rate for young educated professionals in their 20th - it is 0.3% higher than the general population. The difference is likely could be explained by the lack of work experience. The new number of unemployment benefits claims increased by 4,000, to reach a total of 210,000. The four-week moving average decreased by 3,250 to 209,000. Insured unemployment rose by 25,000 to reach 1.73 million.



2/17/2020: in February of 2020 : World Happiness Report revealed that Americans grow unhappier, causing the US to slide to 19th position in the world - long work hours and the disruption of traditional values are to blame. US Manufacturing jobs are falling out of favor, and finding employees is becoming increasingly difficult. 3.5 million employees quit their jobs last month. This is 100,000 more than 12 months ago. Research shows that switching jobs yields an average base pay increase of 15% while staying with your current employer, just a mere 2-3%. The US advisory for travel to China has been upgraded to "Do not travel" due to rising numbers (70,554 infected and 1,773 dead) of Coronavirus cases. Coronavirus starts having a material adverse impact on the US economy due to many Chinese factories being shut down. Also, US employers are legally required to provide a safe and healthy work environment, which may become more difficult should the number of Coronavirus in the US go up. The new unemployment benefit claims rose by 2,000, to reach a total of 205,000. The four-week moving average is flat at 212,000. Insured unemployment declined by 61,000 to reach 1.70 million.

2/9/2020: in February of 2020 : January's national unemployment rate slightly increased to 3.6%. US Employers added +225,000 new jobs (lost -1,500 temp jobs): Healthcare +72,000, Construction +44,000, Hospitality +36,000, Transportation +28,000, Government +19,000, while Manufacturing lost -12,000 and Retail -8,000 jobs. January's hourly rate is $28.44 - an increase of 7 cents since last month and 3.1% in the past 12 months - 1.5 years of continuous 3%+ wage growth. The US labor force participation rate increased to 63.4% - the highest rate since April 2013. Coronavirus has already had a significant impact on the US stock markets and economy in general. Economists expect further impacts on the US economy. A new economic mobility survey ranked the US behind UK, Australi, and Canada while immigration to the US keeps on increasing. The weekly unemployment claims decreased by 15,000 to 202,000, mainly due to new jobs in CA, NJ, and MI. The four-week moving average is down by 3,000 to 211,750. Insured unemployment increased by 48,000 to reach 1.75 million.

2/2/2020: in February of 2020 : Fears of an upcoming economic recession may finally be taking shape as Coronavirus forces governments to shut down borders and worry spreads amongst travelers and brick-and-mortar shoppers. US unemployment rate is at 50-year lowest, but employee wages are stagnant, and economic growth is unimpressive. Recent research confirmed that hiding your true salary from potential employers results in an average increase of 15% in pay at a new place. A new study confirmed that if you don't feel that you are failing at your job, you may not be trying hard enough to grow your career. Companies adopting performance bonuses for their employees may witness negative rather than positive effects due to the lack of transparency on why the rewards were issued. The number of unemployment claims declined by 7,000, to reach a total of 216,000. New jobs were mainly created in CA. The four-week moving average decreased by 1,750 to 214,500. Insured unemployment fell by 44,000 to reach 1.70 million.

1/26/2020: in January of 2020 : An astounding two-thirds of surveyed US employees admitted they more trust software rather than managers to evaluate their job performance - a counterintuitive point since these same employees would not use software to make their decisions. A new study revealed the most disliked work activities: data entry, filing documents, and processing invoices. Incidentally, Robotics Process Automation (RPA) software available from many vendors can easily handle these tasks with fewer errors at a fraction of cost. Low awareness might be the reason to blame for the lack of changes. 12 US states are at historically lowest unemployment level: SC and UT at 2.3%, CO at 2.5%, AL at 2.7%, FL at 3.0%, GA at 3.2%, IL and OR at 3.7%, NV at 3.8%, CA 3.9%, WA at 4.3%, and AK at 6.1%. Only two states MS, AK, and DC, haven't reached full employment. The highest annualized wage increase took place is in Mining +5.6% and Retail +4.2%, followed by Business Services with 3.7%. The lowest annualized wage increase was in Utilities +0.7% and Healthcare +1.8%. The new number of claims increased by 6,000 to 211,000. The four-week moving average decreased by 3,250 to 213,250. Insured unemployment decreased by 37,000 to 1.73 million.

1/19/2020: in January of 2020 : US economic data predicts a resilient and robust market with US dollar holding steady against other major currencies. Interest rates are likely to remain stable too. US new house construction is at its highest since the great recession. A new study showed while in early career, a 4-year college degree guarantees at least two times higher income in comparison to those with no degree. A new breed of gig-economy unions is taking on Silicon Valley startups leveraging dissatisfaction of subcontractors. Over the past 10 years, workers' wages increased by approximately 7% - much slower than in the earlier decade. Since its inception, the Bitcoin industry created around 10,000 jobs, with an average base pay of about $100,000 per year. The new number of unemployment benefits claims declined by 10,000 to reach a total of 204,000. The four-week moving average decreased by 7,750 to reach 216,250. Insured unemployment fell by 37,000 to reach 1.77 million.

1/12/2020: in January of 2020 : December's national unemployment rate remains unchanged at historically lowest of 3.5%. Employees exercise leverage over employers to the degree they have not experienced since the Second World War. The proportion of Millenials earning 6-figure salaries exceeds any prior generation, even in after inflation-adjusted dollars. For the first time after the recession, there are more working women than working men. US Employers added 145,000 new jobs (6,400 temporary): Retail +41,000, Hospitality +40,000, Healthcare +36,000, Construction +20,000, while Manufacturing lost -12,000, Transportation -10,000, and Mining - 9,000 jobs. December's hourly rate is $28.32 - an increase of 3 cents since last month and 2.9% in the past 12 months - the slowest growth since 2018. The US labor force participation rate remains unchanged at 63.2%. The weekly unemployment claims decreased by 9,000 to 214,000. The four-week moving average is down by 9,500 to 224,000. Insured unemployment increased by 75,000 to reach 1.80 million - the highest level since the spring of 2019.

1/5/2020: in January of 2020 : The US manufacturing activities are at the lowest level since 2009, mainly due to the US-China trade war. However, economists don't expect this to cause any significant long-term economic consequences. With a recession probability of 30-50% to materialize in 2020, it is expected to be relatively short and mild in nature. Twenty-four states are set to increase the minimum wage to $15 per hour by the end of 2020. Abundant software development bootcamps promise lucrative careers and opportunities for full employment, they also might be misleading potential prospects as software development is harder than many people assume, and age discrimination is a significant factor in this profession too. The new number of unemployment benefit claimants decreased by 2,000 to reach 222,000, mainly due to new jobs in NJ and MI. The four-week moving average increased by 4,750 to reach 233,250 - the highest level in the past 2 years . Insured unemployment rose by 5,000 to reach 1.73 million.

12/23/2019: in December of 2019 : 13 US states are at historically lowest unemployment: SC and UT at 2.4%, CO at 2.6%, AL at 2.7%, ME at 2.8%, FL at 3.1%, GA at 3.3%, TX at 3.4%, IL at 3.8%, CA and OR at 3.9%, WA at 4.4% and AK at 6.1%. Only MS and AK have their unemployment rate higher than at full employment of 5%. The highest wage increase is in Mining +6.1%, followed by Retail with a 4.4% annualized growth rate. The slowest annualized wage increase was in Healthcare and Utilities, +2.0% and 2.1%, respectively. 35% of the US labor force work as freelancers. 15% of the US labor force freelance out of economic necessity. Up to 25% of all 65 years of age and older individuals expect to stay in the workforce until their death or critical illness. The new number of claims decreased by 18,000 to 234,000, mainly due to new jobs in NY, TX, and PA in Transportation and Warehousing. The four-week moving average rose by 1,500 to 225,500. Insured unemployment increased by 51,000 to 1.72 million.

12/8/2019: in December of 2019 : November's national unemployment rate decreased to 3.5% - historically lowest unemployment rate, with additional 266,000 new jobs added by US employers - Healthcare +74,000, Manufacturing +54,000, Hospitality +45,000, Professional Services +38,000, while Mining lost -7,000 jobs. Manufacturing jobs increased +55,000 year-over-year. It has been 43 consecutive months or approximately 3.5 years of an unemployment rate of less than 5% - a historically unprecedented stretch of full employment. Hourly rates increased by 7 cents since October at an annualized growth rate of 3.1% or about 0.6% faster than consumer prices. The labor participation rate slightly decreased by -0.1% to 63.2% (still 3.0% lower than the pre-recession rate). The weekly claims for unemployment benefits decreased by 10,000, to 203,000 mainly due to new jobs in CA, TX, and NY in Agriculture, Transportation, and Construction. The four-week moving average decreased by 2,000, to reach 217,750. Insured unemployment rose by 51,000 to reach 1.69 million.

11/24/2019: in November of 2019 : Gender inequality has the opposite effect during recessions - a new study revealed that in the downturn, men are 20% more likely to lose their job than women. Healthcare is becoming the most critical and affluent sector of the US economy. This trend is set to continue up until the mid-21st century. It comes at no surprise - once again, the World Economic Forum placed the US at the top of the list of the most competitive economies in the world. New research showed that rising pay inequality amongst Americans is influenced to a lesser extent by corporations and employee professional skills and more significantly by barriers of entry to a specific profession that may require specialized education or licenses. The unemployment rates are at their historically lowest point in 9 states - CO and SC at 2.6%, AL and ME at 2.8%, GA and TX at 3.4%, CA and IL at 3.9%, and AK at 6.2%. All but 3 states are beyond the point of full employment. The number of unemployment benefits claims remains unchanged at 227,000. The four-week moving average increased by 3,500 to reach 221,000. Insured unemployment increased by 3,000 to reach 1.70 million.

11/17/2019: in November of 2019 : A new study revealed that 19 out of 20 professional office workers want to work remotely, while 3/4 are keen to quit their jobs to achieve this goal. A growing number of former US employees (over 10 million) find themselves in a group of so-called independent contractors - a group not protected by discrimination and wage theft laws. On some occasions, the government started challenging subcontracting corporations asking them to recognize subcontractors as employees. November's average hourly rate is $28.18, an increase of +3.0% since October of 2018. The highest wage increases are in Mining +7.1% and the lowest in Utilities +1.6% and Healthcare +1.7%. The number of unemployment benefits claims increased by 14,000, to reach a total of 225,000. Jobs were mainly lost in NJ and CA. The four-week moving average rose by 1,750 to reach 217,000. Insured unemployment decreased by 10,000 to reach 1.68 million.

11/10/2019: in November of 2019 : A new study suggests: as more companies employ AI systems to select candidates, bias ingrained in AI systems becoming a threat to equal opportunity employment. As much as many agree that alien workers should not be offered illegal jobs in the US, many employers are struggling to find employees with some industries plunging as low as less than 50 candidates per 100 job openings. Addressing this challenge may require a new type of temporary visas. New York Fed suggests that the unemployment rate of current college graduates steadily increased from 3.6% in mid-2018 to the present 4%. Research shows that 12 months of work experience is an effective remedy to address this issue. The new number of unemployment benefits claims decreased by 8,000, to reach a total of 211,000. The four-week moving average is flat at 215,250. Insured unemployment declined by 3,000 to reach 1.69 million.

11/4/2019: in November of 2019 : March's national unemployment rate slightly increased to 3.6%. US Employers added 128,000 new jobs: Hospitality +61,000, Healthcare +39,000, Professional Services +22,000, and Financial Services +16,000, while Manufacturing lost -36,000 jobs. October's hourly rate is $28.18 - an increase of 6 cents since last month and 3.0% in the past 12 months. The US labor force participation rate increased to 63.3%. In summary: jobs are abundant, but just a few of them pay well, and good luck to get a raise. The weekly unemployment claims increased by 5,000 to 218,000. The four-week moving average is flat at 214,750. Insured unemployment increased by 7,000 to reach 1.69 million.

10/27/2019: in October of 2019 : A previously inverted Yield curve has recovered, signifying an averted or delayed US economic recession. Current home sales are at their highest point since 2007. This week the Fed will be making a highly anticipated decision on further cuts in rates. A new national survey revealed that many workers said their incomes have increased in the past 5 years, although many other aspects of their work got worse. The US deficit increased two times since 2015 to nearly $1 trillion or $3,000 per every American alive. The number of unemployment claims decreased by 6,000 to reach 212,000. The four-week moving average is flat at 215,000. Insured unemployment is flat at 1.68 million.

10/20/2019: in October of 2019 : 8 US states are at historically lowest unemployment: ME and SC at 2.9%, AL at 3.0%, NJ at 3.1%, TX at 3.4%, IL at 3.9%, CA 4.0%, and AK at 6.2%. The highest wage increase is in Retail +4.8%, followed by Mining, Transportation, Information, and Hospitality industries with +3.7% annualized growth. The slowest annualized wage increase was in Healthcare and Education +1.7%. A new study demonstrated that about 90% of job losses in US manufacturing are due to automation, while only 10% are due to offshoring. Some economists argue that this explanation is valid only for the high-tech industry. The new number of claims increased by 4,000 to 214,000. The four-week moving average rose by 1,000 to 214,750. Insured unemployment decreased by 10,000 to 1.68 million.

10/14/2019: in October of 2019 : A new study revealed that there is a 1/3 chance of a recession in the next year. In the wake of Apple being forced to pull an app from its store, many US businesses may need to re-evaluate their dependence on China and the risks associated with it. Promises of AI automation (e.g., self-driving cars, personal assistants, etc.) keep on getting pushed out to some distant future. This might be a sign that many of the current jobs will still be around in the upcoming decades, which creates other challenges, i.e., not enough talent to replace the retiring baby boomers. Another dark secret of the AI revolution is that the development costs are at least 10-100 times higher than that of regular software. The new number of claims declined by 10,000 to 210,000. The four-week moving average increased by 1,000 to 213,750. Insured unemployment surged by 29,000 to 1.68 million.

10/5/2019: in October of 2019 : September's national unemployment rate declined to 3.5% - the lowest rate in 50 years. US Employers added 136,000 new jobs: Healthcare +40,000, Professional Services +34,000, Government +22,000, Hospitality +21,000 and Transportation +16,000, while Retail and lost -11,000 and Manufacturing -2,000 jobs. Hourly rates increased 11 cents since August at an annualized growth rate of 2.9%. The US labor force participation rate remains unchanged at 63.2%. The weekly unemployment claims increased by 4,000, to 219,000. The four-week moving average remains unchanged at 212,000. Insured unemployment declined by 5,000 to reach 1.65 million.

9/29/2019: in September of 2019 : A decade-old prediction that more than 1/4 of all US jobs will be outsourced never materialized. This may also be the case with AI hype. GDP expanded by 2.0% in the second quarter of 2019 or 2 times slower than during the same period of 2018 although the unemployment rate is at a half-century low and US manufacturing at 5-months high. A decade of unprecedented economic growth has benefited many Americans. Though some still experience the effect of the Great Recession, and the wast majority of Americans is unprepared to weather an inevitable new recession. Amazon set its minimum wage to $15 per hour - will other retailers be able to compete? The number of unemployment claims rose by 3,000 to reach 213,000. The four-week moving average decreased by 750 to 212,000. Jobless claims are trending at a 50-year low. Insured unemployment fell by 15,000 to reach 1.65 million.

9/22/2019: in September of 2019 : President Trump released a statement congratulating American women with American Business Women's Day. More than one-quarter of all US startups are created by individuals 55-64 years of age - the top-performing group among any other age groups. Unemployment among men of ages 25-54 hasn't recovered from the pre-recession lowest level of 12.8% and is still at 13.7%. A new study showed that the software development industry has been growing twice as fast, with wages significantly higher than the rest of the US economy. The new number of unemployment claims increased by 2,000, to reach a total of 208,000. The four-week moving average decreased by 750, to reach 212,250. Insured unemployment fell by 13,000 to reach 1.66 million.

9/15/2019: in September of 2019 : August's average hourly rate increased at a very typical annualized rate of +3.2%. There are currently 7.2 million job openings vs. 6.0 million unemployed - this marks 1.5 years of continuously more jobs than unemployed. As anticipated, the highest pay gains were in Information at 5.8% and Retail at 4.7%. The lowest year-over-year wage increases were in Education at 1.7%. Most of the annual job growth took place in Education +586,000 and Business Services +459,000. It still makes sense to get a graduate degree - those with a bachelor's degree enjoy a 2% unemployment rate while high school puts you at 5%. A new study found that 1 out of 4 Americans believe that immigration is the leading US economic issue. The new number of unemployment claims declined by 15,000 to 204,000. The four-week moving average decreased by 4,250 to 212,500. Insured unemployment fell by 4,000 to 1.67 million.

9/8/2019: in September of 2019 : August's national unemployment rate remains unchanged at 3.7%. US Employers added 130,000 new jobs: Professional Services +34,000, Government +34,000, and Healthcare +32,000, while Retail lost -11,000 and Mining -5,000 jobs. March's hourly rate is $28.11 - an increase of 11 cents since last month and 3.2% in the past 12 months. The US labor force participation rate increased to 63.2%. US hiring and many other economic indicators have leveled up - no further improvements can be achieved without significant structural changes. Albeit the best mechanism of structural changes is a recession. The weekly unemployment claims are flat at 217,000. The four-week moving average rose by 1,500, to reach 216,250. Insured unemployment decreased by 39,000 to reach 1.66 million.

9/2/2019: in September of 2019 : President Trump questions the merit of GM's decision to manufacture in China. Share of the unionized labor force steadily decreased from 16.1 million (12.5%) in 2008 to 14.7 million (10.5%.) Both employee productivity and average wages improved by 14%, while the Consumer Price Index grew by 16.6% since the recession. Economists argue that instead of flat rate Minimum Wage, we should use a geography-specific rate reflecting the local cost of living. The new number of unemployment benefits claims rose by 4,000, to reach 215,000. The four-week moving average is flat at 214,500. Insured unemployment increased by 22,000 to reach 1.70 million.

8/25/2019: in August of 2019 : The Department of Labor overstated the job gains in the past 12 months by 500,000. This means the job growth last year was not as strong as was previously reported. Overheated stock markets are likely to cause the next recession expected to start in the mid-next year. A new study showed that despite popular beliefs, seniors - age 65 and older - might be outstanding and profitable employees. The number of unemployment claims declined by 12,000, to reach a total of 209,000. New jobs were mainly created in TN. The four-week moving average is flat at 214,500. Insured unemployment decreased by 54,000 to reach 1.67 million.

8/18/2019: in August of 2019 : US economists predict a recession in mid-2020. The $15 per hour minimum wage bill is officially dead. Due to the increasingly limited accessible US talent pool, many high-tech jobs are moving to Canada. The highest wage increases took place in Information +6.5%, Retail +5.3% and Mining +4.9%. The slowest wage increases are in Education +1.7%, Utilities +2.1% and Manufacturing of Non-Durable Goods +2.2%. In the past 12 months, Education added +625,00 and Services +473,000 new jobs, while Retail lost -153,000 jobs. The new number of claims rose by 9,000 to 220,000. The four-week moving average increased by 1,000 to 213,750. Insured unemployment rose by 39,000 to 1.73 million.

8/11/2019: in August of 2019 : US manufacturing shows signs of slowdown while well-paid professional jobs keep on growing in demand in part due to more restrictive immigration policies. A new study showed that 4-day workweek benefits employers through improved productivity and quality of work, while employees reported a significant improvement in the quality of life. Many companies embrace unlimited vacations since they significantly decrease employer liability during separation with employees. The new number of unemployment benefits claims decreased by 8,000, to reach a total of 209,000. The four-week moving average is flat at 212,250. Insured unemployment fell by 15,000 to reach 1.68 million.

8/2/2019: in August of 2019 : July's national unemployment rate remains unchanged at 3.7%. US Employers added 164,000 new jobs: +66,000 Healthcare, Professional Services +38,000, Financial Services +18,000, and Manufacturing +16,000, while Mining lost -5,000 and Information Industry -10,000 jobs. March's hourly rate is $27.98 - an increase of 8 cents since last month and 3.2% in the past 12 months. Wage growth hasn't improved in the past 24 months. The US labor force participation rate increased to 63.0% - no improvement in the past 36 months. The weekly unemployment claims increased by 8,000, to 215,000. The four-week moving average declined by 1,750, to reach 211,500. Insured unemployment rose by 22,000 to reach 1.70 million.

7/28/2019: in July of 2019 : The US economy is in unchartered territories of low unemployment, low-interest rates and all-time high stock prices. The US trade wars may soon result in higher unemployment. Homeownership is out of reach for many first-time homebuyers with a median age at an all-time high of 46 years old. The unemployment is at a historically lowest rate in 9 states VT at 2.1%, ND at 2.3%, IA at 2.4%, ME at 3.2%, TX at 3.4%, AL, AR and NJ at 3.5%, and PA at 3.8%. All but DC and AK are at full employment. The number of unemployment benefits declined by 10,000, to reach a total of 206,000. Jobs were mainly added in NY, PA, and TX. The four-week moving average decreased up by 5,750, to reach 213,000. Insured unemployment decreased by 13,000 to reach 1.68 million.

7/21/2019: in July of 2019 : Top 25 metro areas represent more than half of the US economy, while US debt is at a record high level of $69 trillion. A new study showed that on average post-divorce males and females experience a significant decline in quality of life - a 50% drop for women and 25% for men. Ikea will relocate its manufacturing to Europe due to the high cost of raw materials in the US. The new number of unemployment benefits claims rose by 8,000, to reach a total of 216,000. Job losses took place in NY, MI, and KY in Transportation and Manufacturing. The four-week moving average is flat at 219,000. Insured unemployment declined by 42,000 to reach 1.69 million.

7/14/2019: in July of 2019 : A new study showed that age discrimination prevents retired or approaching retirement workers from getting interviews for retail and service jobs due to excessive scrutiny during their background check. The US politicians are in consensus that an increase in the federal minimum wage to $15 will likely hurt the employment market. Wage growth is still significantly behind the growth of other economic metrics most likely due to labor-saving technologies affecting multiple industries. The new number of unemployment claims decreased by 13,000 to 209,000. The four-week moving average declined by 3,250, to reach 219,250. Insured unemployment rose by 27,000 to reach 1.72 million.

7/5/2019: in July of 2019 : June's national unemployment rate increased to 3.7% - up 0.1%. US Employers added 224,000 new jobs. The US labor force participation rate increased to 62.9% but remains 3.3% lower pre-recession rate. The weekly unemployment claims decreased by 8,000, to 221,000. The four-week moving average is flat. Insured unemployment decreased by 8,000 to reach 1.69 million.

7/1/2019: in July of 2019 : Economists expect an estimated 200,000 jobs growth in July of 2019. The GDP - a vital economic indicator - is expected to grow at a healthy annualized rate of 2%-3% for the remainder of the year. The unemployment rate will likely decrease further to 3.4%. Historically, short-term rates exceeding long-term interest rates predicted recessions, although it is unclear if this will be the case this time around since many other indicators eventually stopped predicting recessions. The new number of unemployment benefits claims increased by 10,000, to reach 227,000. The four-week moving average rose by 2,250, to 221,250. Insured unemployment increased by 22,000 to reach 1.69 million.

6/23/2019: in June of 2019 : The 50-year tightest employment market makes it increasingly challenging for employers to find workers. Still, the word "Recession" is increasingly a theme among scholars and politicians. A new study named Quinnipiac, Augustana and Ohio Northern Universities as the best US colleges to guarantee post-graduation employment. The unemployment rates are at a historically lowest point in 9 states with VT at 2.1%, ND at 2.3%, IA at 2.4%, WI at 2.8%, TX at 3.5%, AR at 3.6%, AL at 3.7%, PA 3.8%, and KY at 4.0%. MS, NM, DC and AK are the only states currently experiencing high unemployment. The number of unemployment benefits claims fell by 6,000, to reach a total of 216,000. The four-week moving average increased by 1,000, to reach 218,750. Insured unemployment decreased by 37,000 to reach 1.66 million.

6/16/2019: in June of 2019 : A new study has shown that workforce discrimination may cause mental and physical health problems. Many international students have had their internship job offers rescinded due to visa restrictions and delays. The current labor force participation rate is at 62.8% or 3.4% lower than the pre-recession rate of 66.2%. It has not improved or recovered in the past 11 years. The new number of unemployment benefits claims rose by 3,000, to reach a total of 222,000. The four-week moving average increased by 2,500, to reach 217,750. Insured unemployment increased by 2,000 to reach 1.70 million.

6/9/2019: in June of 2019 : May's national unemployment rate remains unchanged at 3.6% - the lowest level since 1969. US Employers added 75,000 new jobs: Professional Services +33,000, +27,000 Healthcare, Hospitality +26,000, while Retail lost -8,000 jobs. May's hourly rate is $27.83 - an increase of 6 cents since last month and 3.1% in the past 12 months. The US labor force participation rate decreased to 62.8%. The weekly unemployment claims remain unchanged at 218,000. The four-week moving average declined by 2,500, to reach 215,500. Insured unemployment increased by 20,000 to reach 1.68 million.

6/2/2019: in June of 2019 : US economy is booming. The consumer price index increased 2% in the past 12 months, while GDP rose 3.1% during the same period. Beer brewery industry lost 40 thousand jobs in the past two years due to the higher cost of aluminum packaging. Almost 18% of all US employees are first-generation immigrants. California passed a new AB5 law, which will make it more difficult for companies like Uber to use independent contractors. The number of new unemployment benefits claims rose 3,000, to reach a total of 215,000. The four-week moving average decreased by 3,750, to reach 216,750. Insured unemployment fell by 26,000 to reach 1.66 million.

5/27/2019: in May of 2019 : Many Americans believe the US strong economy works only in favour of rich and powerful. A new study revealed prolonged unemployment might result in mental decline. The economy is at full employment. Why don't we see escalating levels of inflation? The only reasonable explanation could be understated unemployment rates. In the past couple of years, the unemployment rate has been the lowest in US history for Hispanics and African Americans. The number of unemployment applications decreased by 1,000 to reach 221,000. The four-week moving average fell by 4,750 to 220,250. Insured unemployment rose by 12,000 to reach 1.68 million.

5/12/2019: in May of 2019 : A new study showed the unemployment rate is 3% to 11% higher for employees without a university degree than for those with one. Taxi driving, logging and reporting are deemed the worst jobs in the US. Economists are divided in their opinion if tariffs on China will further improve or depress the employment market. For the first time in the past century, life expectancy is on the decline mainly due to suicide, chronic illness and drug overdose. The new number of unemployment benefits claims decreased by 2,000, to reach a total of 228,000. The four-week moving average increased by 7,750, to reach 220,250. Insured unemployment grew by 13,000 to reach 1.68 million.

5/5/2019: in May of 2019 : April's national unemployment rate decreased to 3.6% - the lowest level since December of 1969. US Employers added 263,000 new jobs. The US labor force participation rate decreased to 62.8%. The weekly unemployment claims remain unchanged at 230,000. The four-week moving average rose by 6,500, to reach 212,500. Insured unemployment increased by 17,000 to reach 1.67 million.

4/28/2019: in April of 2019 : US economy exhibits strong GDP growth, booming stock markets, and increasing wages. The unemployment rates are at a historically lowest point in 9 states: ND and VT at 2.3%, IA at 2.4%, WI at 2.9%, SC and TN at 3.2%, AL at 3.7%, PA at 3.9%, and KY at 4.0%. All but NM, WV, DC, and AK are at full employment. The US central bank is likely to keep the rate at current 2.5%. The number of unemployment benefits claims rose by 37,000 (the most significant increase in 1.5 years), to reach a total of 230,000. Jobs were mainly lost in MA, CA, and CT. The four-week moving average climbed up by 4,500, to reach 206,000. Insured unemployment increased by 1,000 to reach 1.66 million.

4/23/2019: in April of 2019 : A new study by the Trade Commission suggests an updated NAFTA agreement will create additional 176,000 US jobs. US supreme court to decide if LGBT people will be protected by the Civil Rights Act that prohibits sex discrimination. The number of unemployment benefits claims declined by 5,000, to reach a total of 192,000 - the lowest level since Sep 1969. New jobs were mainly created in TN. The four-week moving average fell by 6,000, to reach 201,250 - the lowest level since Nov 1969. Insured unemployment decreased by 63,000 to reach 1.65 million.

4/14/2019: in April of 2019 : On average, US women earn about 80% of their male counterparts. The most impacted by gender gap are Hispanic females with -47% lower pay, followed by Native Americans with -43%, and Black women with -39%. A new study revealed that opioid problems cost the US approximately $40B per year in lost tax revenue. The increasingly strong US labor market forces many employers to compete for foreign workers, particularly for summer help. Feds have increased the annual visa limit, but many employers are concerned the extension won't be adequate. The new number of unemployment benefits claims declined by 8,000, to reach a total of 196,000 - the lowest level since Oct 1969. The four-week moving average decreased by 7,000, to reach 207,000 - the lowest level since Dec 1969. Insured unemployment fell by 13,000 to reach 1.71 million.

4/7/2019: in April of 2019 : March's national unemployment rate remains unchanged at 3.8%. US Employers added 196,000 new jobs: +70,000 Healthcare, Professional Services +37,000, Hospitality +33,000, and Construction +16,000, while Retail lost -12,000 and Manufacturing -6,000 jobs. March's hourly rate is $27.70 - an increase of 10 cents since last month and 3.2% in the past 12 months. Wage growth is accelerating attracting more workers into the labor force, which in turn prevents faster growth. The US labor force participation rate decreased to 63.0%. The weekly unemployment claims decreased by 10,000, to 202,000 - the lowest level since December 1969. The four-week moving average declined by 4,000, to reach 213,500. Insured unemployment decreased by 38,000 to reach 1.72 million.

Latest news | 2017 news | 2016 news | 2015 news | 2014 news | Older news

3/31/2019: in March of 2019 : US consumer price index increased +1.5% in the past 12 months, while the real national GDP rose an estimated +2.2%. Year-over-year, Materials, Energy, Real Estate, and Consumer Discretionary sectors are in decline. Healthcare is the only industry that is expected to grow in 2019. Traditional brick and mortar companies are still the largest US employers. Thirteen percent of US companies don't make enough money to cover their expenses. This number increased by +1% since 2016. The new number of claims decreased by 5,000 to 211,000 mostly due to job gains in OK and PA. The four-week moving average increased by 3,250 to 217,250. Insured unemployment increased by 13,000 to reach 1.76 million.

3/24/2019: in March of 2019 : A new study revealed that almost 50% of all Americans feel lonely and lack meaningful social relationships. US home sales improved by +12% following a sharp decline in mortgage rates since 2018. The percent of the US working population age 25 to 54 has finally reached the pre-recession level. The unemployment rate for Gulf War veterans declined to 3.8%. Current unemployment rate for workers with a disability is 8.7%. The number of unemployment claims decreased by 9,000 to reach 221,000. The four-week moving average increased by 1,000 to 225,000. Insured unemployment fell by 27,000 to reach 1.75 million.

3/18/2019: in March of 2019 : A new study showed that rebuilding a mental attachment to your work in the morning is essential for improved productivity and boosted engagement during the day. Over 3 million Americans are working in the fastest growing Green Energy sector of the US Economy. In the wake of the longest running stretch of US economic growth, analysts voice mounting concerns about a potential recession in 2020. The new number of unemployment benefits claims increased by 6,000, to reach a total of 229,000. The four-week moving average decreased by 2,500, to reach 223,750. Insured unemployment grew by 18,000 to reach 1.78 million.

3/10/2019: in March of 2019 : February's national unemployment rate decreased to 3.8%. US Employers added 20,000 new jobs: Professional Services +42,000, Wholesale +11,000, and Healthcare +4,000, while Construction lost -31,000 jobs, mainly due to unusually generous snowfalls throughout February. The overall consensus is that the job market is slowing down, and we will not see significant improvements in the labor market in 2019. Hourly rates increased 11 cents in February at an annualized growth rate of 3.4% - the sharpest growth in a decade. The US labor force participation rate remains flat at 63.2%. The weekly unemployment claims decreased by 3,000, to 223,000. The four-week moving average declined by 3,000, to reach 226,250. Insured unemployment fell by 50,000 to reach 1.76 million.

3/3/2019: in March of 2019 : February's national unemployment rate forecast is 3.9% with approximately 250,000 new jobs created by US employers. Some economists predict an economic slowdown with annual GDP growth falling below 2% in 2019. Bernie Sanders promotes raising the minimum wage to $15. New immigration policies have made it more difficult to bring new workers to the US. However, the overall effect of this measure on the US economy is immaterial since this program involves only about 300,000 foreign employees or 0.2% of the US labor force. The number of unemployment claims increased by 8,000 to reach 225,000. The four-week moving average decreased by 7,000 to 229,500. Insured unemployment rose by 79,000 to reach 1.81 million.

Latest news | 2017 news | 2016 news | 2015 news | 2014 news | Older news





*IMPORTANT: Be sure to check with your State for details on your full eligibility requirements, or to begin the voluntary benefits process.