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Home | Tag Archives: Unemployment

Tag Archives: Unemployment

Brighter Outlook for Economy, Job Market Push Consumer Confidence to Seven-Year High

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*+-The survey's index measuring sentiment about present-day conditions rose more than 10 points from December, hitting 112.6, the Conference Board said. The number of respondents saying business conditions are currently good rose nearly four points to 28.1 percent, while the share of those saying jobs are plentiful climbed nearly three points to 20.5 percent.

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Unemployment Rate Low, But Number of Americans ‘Not in Labor Force’ Near All-Time High

unemployment

*+-The October 2014 Employment Situation Summary released by the U.S. Bureau of Labor Statistics (BLS) on November 7 reported a nationwide unemployment rate of 5.8 percent, the lowest level in more than six years. However, a report released recently by the Pew Research Center indicates that while the U.S. unemployment rate is low, the number of people who are "not in the labor force," meaning they are not counted among the unemployed in the BLS survey, is near an all-time high.

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Industry Job Cuts Continue in Q2

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*+-Despite growth in mortgage revenues at banks nationwide, industry employment continued to move down in the second quarter as banks cut staff, according to a report from Mortgage Daily. All of the reported cuts in the second quarter happened at banks, which lost approximately 28,600 jobs from the first quarter to the second.

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Employment Growth Falls Well Short of Expectations for August

unemployment

*+-Employment growth in the United States took a sharp downturn in August, according to government figures released Friday. The Bureau of Labor Statistics reported an increase 142,000 in U.S. payrolls last month, well short of the 230,000 predicted by economists. August's sudden slowdown snaps a six-month streak in which payroll growth came in at 200,000 or higher.

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