KHH1 wrote:
By Joseph Lawler | November 6, 2014 | 9:01 am
The four-week moving average of jobless claims fell to its lowest level in 14 years Thursday, as...
The four-week moving average of jobless claims fell to its lowest level in 14 years Thursday, as layoffs continue to slow and the labor market picks up.
The Department of Labor reported Thursday that initial claims for unemployment insurance fell by 10,000 to 278,000 for the week ending Nov. 1.
That drop brought the four-week moving average for claims down to 279,000, the lowest level since April 29, 2000.
The total number of unemployed workers receiving benefits was 2,348,000. That number was also the lowest since 2000.
The ongoing improvement in unemployment claims sets up high expectations for the monthly jobs number that will be reported by the Bureau of Labor Statistics on Friday morning.
Analysts expect the report to show robust growth of about 240,000 new payroll jobs.
Job creation has accelerated in 2014, with businesses and governments adding roughly 230,000 new jobs a month, well above the pace set in the previous years of the economic recovery. The unemployment rate has slipped from 6.7 percent to 5.9 percent over the year.
That is partly a factor of slowing layoffs, but it also reflects an acceleration in new job listings over theyears. Job vacancies are up roughly a quarter year-over-year.
By Joseph Lawler | November 6, 2014 | 9:01 am br ... (
show quote)
This is from the D.O.L.
Household Survey Data
In September, the
unemployment rate
declined by 0.2 percentage poin
t to 5.9 percent. The number of
unemployed persons
decreased by 329,000 to 9.3 million. Over
the year, the unemployment rate and
the number of unemployed persons were down by 1.3
percentage points and 1.9 million, respectively.
(See table A-1.)
Among the
major worker groups
, unemployment rates declined in September for adult men (5.3
percent), whites (5.1 percent), and
Hispanics (6.9 percent). The rates for adult women (5.5 percent),
teenagers (20.0 percent), and blacks (
11.0 percent) showed little change over the month. The jobless rate
for Asians was 4.3 percent (not seasonally adjusted),
little changed from a year
earlier. (See tables A-1,
A-2, and A-3.)
- 2 -
Among the unemployed, the number of
job losers and persons who completed temporary jobs
decreased by 306,000 in September to 4.5 million. The number of
long-term unemployed
(those
jobless for 27 weeks or more) was essentially uncha
nged at 3.0 million in September. These individuals
accounted for 31.9 percent of the unemployed. Over
the past 12 months, the number of long-term
unemployed is down by 1.2 million. (See tables A-11 and A-12.)
The
civilian labor force participation rate
, at 62.7 percent, changed little in September. The
employment-population ratio
was 59.0 percent for the fourth c
onsecutive month. (See table A-1.)
The number of persons employed
part time for economic reasons
(sometimes referred to as
involuntary part-time workers) was
little changed in September at
7.1 million. These individuals, who
would have preferred full-time employment, were wo
rking part time because their hours had been cut
back or because they were unable to
find a full-time job. (See table A-8.)
In September, 2.2 million persons were
marginally attached to the labor force
, essentially unchanged
from a year earlier. (The data are not seasonally adjust
ed.) These individuals were not in the labor force,
wanted and were available for work, and had looked for a job sometime in the prior 12 months. They
were not counted as unemployed because they had not searched for work in the 4 weeks preceding the
survey. (See table A-16.)
Among the marginally attached, there were 698,000
discouraged workers
in September, down by
154,000 from a year earlier. (The data
are not seasonally adjusted.) Di
scouraged workers are persons not
currently looking for work because they believe
no jobs are available for them. The remaining 1.5
million persons marginally attached to the labor fo
rce in September had not searched for work for
reasons such as school attendance or fa
mily responsibilities.
Little or no change. Still hiding the real unemployment numbers, like the good little Lib that you are.
Why do you think there is this big push for the minimum wage to be increased?, because so many people have been forced into part time jobs...Mainly because of the ACA.