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Tag Archives: Bureau of Labor Statistics

Reactions Vary on Unemployment Report

Experts across the country wasted no time in responding to Friday's unemployment report, and the responses ranged from celebration to healthy skepticism. According to a report from the Bureau of Labor Statistics (BLS), the unemployment rate in September fell to a 44-month low of 7.8 percent. The White House pointed to the data as a sign of a recovering economy.

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Unemployment Rate Drops to 7.8%; Economy Adds 114K Jobs

The nation's unemployment rate fell to 7.8 percent in September–the lowest level since January 2009—as the economy added a below-average 114,000 jobs, the Bureau of Labor Statistics (BLS)reported Friday. The 0.3 percentage point improvement in the unemployment rate is the largest since January 2011, when the unemployment rate dropped from 9.4 percent to 9.1 percent.

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Benchmarking Affects Payroll Data

When the September employment situation report is released Friday, one number will loom large, and it won't be the number of new payroll jobs, expected by economists surveyed by Bloomberg to be about 113,000, and it won't be the unemployment rate, expected to be 8.1 percent. Instead, it will be 386,000, which is the number of jobs added to the nation's payrolls, not by employers, but by the Bureau of Labor Statistics in its annual ""benchmarking"" of payroll data.

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BLS Breaks Down Unemployment Stats, West Region Still Hurting Most

Across the United States, 26 states recorded unemployment rate increases in August, while 12 states and the District of Columbia posted decreases. BLS also reported that non-farm payroll employment increased in 28 states, with Texas, Florida, and Missouri leading the pack in month-over-month increases. Meanwhile, Virginia, D.C., and Washington led the 21 states that saw a decline in employment. Colorado was the only state with no changes reported.

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Isaac Pushes Up 1st Time Unemployment Claims

First-time claims for unemployment jumped 15,000 to 382,000 for the week ended September 8, the Labor Department reported Thursday. Several states reported increases in initial claims, as a result of Tropical Storm Isaac, which increased the total by about 9,000.

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Unemployment Rate 8.1%, Economy Adds 96K Jobs In August

The nation's unemployment rate fell to 8.1 percent in August - the lowest level since April but the economy added just 96,000 jobs, the Bureau of Labor Statistics (BLS) reported Friday. According to BLS, 581,000 people left the labor force in August leading to the drop in the unemployment rate which nonetheless remained above the election-critical 8.0 percent. At the same time, July's job gains - originally reported at 163,000 - were reduced to 141,000 while June's job numbers dropped to 45,000 from 87,000.

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Initial Jobless Claims Continue Steady Climb

First-time claims for unemployment insurance increased 4,000 for the week ended Aug. 18 to 372,000, the highest level in a month, the Labor Department reported Thursday. Economists surveyed by Bloomberg had expected 365,000 initial claims. The prior week's total was revised up to 368,000 from the originally reported 366,000.

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Initial Jobless Claims Move Up

First time claims for unemployment insurance edged up 2,000 for the week ended Aug. 11 to 366,000, the Labor Department reported Thursday. Economists surveyed by Bloomberg had expected 365,000 initial claims. The prior week's total was revised up to 364,000 from the originally reported 361,000.

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Economy Surprises with 163k New Jobs in July, Unemployment Rate Up

The nation added a surprising 163,000 jobs in July but the unemployment rate ticked up to 8.3 percent as the number of people working actually declined, the Bureau of Labor Statistics reported Friday. At the same time, June's paltry job gains originally reported at 80,000 were reduced to 64,000 while May's job numbers edged up to 87,000 from 77,000.

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Case Shiller Index and Employment – Another Look

While the month-month Case Shiller Home Price Index shot up in May a record high increase (2.2 percent) in the 20-city index and a near-record (2.2 percent increase) in the narrower 10-city index it also suggested employment has less to do with the change in home prices than might otherwise have been thought.

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