Tag Archives: unemployment

July 01, 2016

DCR National Temp Wage Index - July 2016

The labor market slowed dramatically in May 2016, with employers adding only 38,000 jobs, according to the latest report by the Bureau of Labor Statistics (BLS). This is considerably lower than economist predictions of almost 162,000 jobs. The rare bright spot was healthcare, which added 46,000 jobs. Professional and business services added 10,000 jobs in May 2016, after adding 55,000 jobs in the previous month....

September 01, 2015

DCR National Temp Wage Index - September 2015

In July 2015, U.S. employers added 215,000 jobs to the economy, according to the U.S. Bureau of Labor Services (BLS). The unemployment rate remained steady at 5.3 percent for the second straight month. The labor force participation rate was also unchanged at 62.9 percent. Wages increased slightly, with average hourly earnings increasing by 5 cents to $24.99. Over the previous year, wages increased 2.1 percent. The...

June 01, 2015

DCR National Temp Wage Index - June 2015

The Bureau of Labor Statistics (BLS) reported that the U.S. economy added 223,000 jobs in April 2015, bring the unemployment rate down to 5.4 percent from 5.5 percent in the prior month, its lowest mark since May 2008. Year-over-year, the unemployment rate is down by 0.8 percentage points. Source: BLS Major gains came from professional and business services with 62,000 jobs added, and healthcare and construction with...

May 01, 2015

DCR National Temp Wage Index - May 2015

The United States economy added only 126,000 jobs in March 2015, the lowest since December 2013, and way below the 250,000 new jobs economists were forecasting. Among the jobs created, health care, business services, and the retail sector had the highest contributions. Professional and business services had the largest gains with 40,000 jobs added; the industry on average has seen 34,000 jobs added each month in the...

April 01, 2015

Full Employment: Jobs vs. Inflation

Over the past few weeks, there has been much discussion among economists, analysts, and labor experts if the U.S. economy is on its way to full employment. But what exactly is full employment? Full employment does not mean that everyone has a job; rather it means that unemployment has fallen to the lowest possible level without provoking inflation. If unemployment falls too much, inflation will rise because employers...

April 01, 2015

The Philippines – Poised for Growth Through BPO

With a population of about 100 million people, the Philippines is the seventh most-populated country in Asia, and the 12 th most populated country in the world. The Philippines is an archipelago consisting of 7,107 islands, and is one of the ten most biologically diverse countries in the world. The Philippine economy is the 39 th largest in the world, with an estimated 2014 gross domestic product (nominal) of...

March 01, 2015

DCR National Temp Wage Index - March 2015

The latest figures from the U.S. Bureau of Labor Statistics (BLS) signaled that the economy is finally regaining strength, with accelerated hiring, increased wages, and people who had dropped out from the workforce restarting their job hunts.  In January 2015, employers added 257,000 new jobs, surpassing economists’ estimates of 228,000 jobs. The biggest job gains came from the retail and construction...

August 01, 2014

Are Workforce Dropouts Returning to the Job Market?

For the first time in the last six years, the number of people who either have a job or are looking for one is increasing in most U.S. states. Many states experienced sharp declines in labor force participation after the 2007-2009 recession. Reports suggest that demand for labor appears to have grown to a point where many of the people, who had dropped out of the workforce, are restarting their job hunts. Source: BLS...

February 01, 2014

Unemployment Insurance Extensions: A View

Over the past five years, at least 600,000 workers in the United States have been out of the labor force. During this time, unemployment benefits have been in high demand. However in December 2013, unemployment benefits fell to 330,000, signaling fewer layoffs and steady job growth. The numbers from the U.S. Department of Labor support this, with the latest employment report showing an unemployment rate of 6.7...

December 01, 2013

Post Shutdown Impact and Recovery

As the year-end and holidays are approaching, researchers and economists are trying to determine if the unanticipated government shutdown of 16 days in October had an impact on the sales and operations of various sectors.   The Purchasing Managers Index (PMI) is a composite index by the Institute for Supply Management (ISM) that reflects the economic health of the manufacturing sector. It is based on five main...

October 01, 2013

The Shrinking Workforce: Non-Working Population Impact

When both the civilian labor participation rate and the unemployment rate show a downward trend, there is a definite indication that something is amiss in the calculation of unemployment. In August, the labor force participation rate (percentage of people over the age of 16 who either have a job or actively searching for one) has fallen to 63.2%. The last time it was this low was thirty-five years ago in August of...

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