Wednesday, June 5, 2024

Bureau Of Labor Statistics Unemployment Rate

Don't Miss

Staffing Up To Meet Demand

International labour organization partners with gov’t to eliminate child labour

The stronger-than-expected hiring reflects that employers are still seeking to fill roles as the labor market continues to recover from the pandemic, economists and labor experts said.

“Another strong jobs report reflects what’s plain to see in the economy: more than 10 million job openings and many industries, such as health care and education, are still working to fill out their ranks to minimum, pre-pandemic levels,” Robert Frick, corporate economist at Navy Federal Credit Union, said in a note.

He added, “Also, industries such as leisure and hospitality need to staff up to meet consumer demand.”

Retail, transportation and trade lost jobs, reflecting a broader shift away from goods-producing sectors of the economy toward service-oriented sectors that suffered the biggest contraction in the pandemic.

Participation, or the measure of people actively working or looking for work, also dropped a worrying trend for those who have been hoping that strong hiring would pull people off the sidelines and into the job market.

“The issue that we have is, we’re not at the level, the actual the size of the labor force that we should be,” Giacomo Santangelo, economist at the job site Monster, told CBS MoneyWatch this week before Friday’s report was issued. With the population aging and immigration to the U.S. on the decline, the labor force is projected to grow at a diminished rate in the near future keeping the job market tight.

Local Area Unemployment Statistics

The Local Area Unemployment Statistics program provides monthly and annual employment, unemployment, labor force, and unemployment rate data for New York State, labor market regions, metropolitan areas, counties, workforce investment regions, and municipalities of at least 25,000 people. LAUS is a joint effort between New York State and the United States Bureau of Labor Statistics .

A wide variety of customers use this information:

  • The federal government uses the data to allocate money to states and areas, as well as eligibility determinations for assistance.
  • State and local governments use the estimates for planning and budgetary purposes and to determine the need for local employment and training services.
  • Private industry, researchers, the media, and other individuals use the data to assess local labor market conditions and make comparisons across geographic areas.

The dashboard below can be used to explore the data in multiple ways.

Monthly Data – Allows you to retrieve and compare current and historical seasonally and not seasonally adjusted monthly labor force data for different labor market areas.

Annual Data – Allows you to retrieve and compare annual labor force data for different labor market areas.

LFPR and EMP/POP – Allows you to retrieve and compare seasonally and not seasonally adjusted Labor Force Participation Rate and Employment to Population Ratio data for Balance of State, New York City, New York State, and the United States.

Release Dates for LAUS Data

Overview Of Bls Statistics On Unemployment

A number of BLS programs provide information about joblessness. See the following:

BLS publishes monthly reports on all mass layoffs and quarterly reports on layoffs lasting more than 30 days. These reports identify, describe, and track the effects of major job cutbacks, using data from each state’s unemployment insurance database supplemented with employer-provided data.

The Employment Research staff initiates, plans, and directs activities for improving the quality and enhancing the analytical usefulness of BLS employment and unemployment statistics.

Unemployment Rates in Other Countries

Monthly estimates of unemployment rates for 10 countries, approximating U.S. concepts, are available on a seasonally adjusted basis.

Recommended Reading: How To Make Money Under The Table While Unemployed

Finding Additional Data And Information

  • The Frequently Asked Questions section on a program homepage will answer a broad range of commonly asked data questions.
  • The Contact Us section of a program homepage provides email and telephone numbers to answer questions about the data.
  • The Handbook of Methods provides information on the specific survey methods of every BLS program.
  • The U.S. Census Bureau: North American Industry Classification System provides detailed information on NAICS and its revisions.

Hiring Stayed Strong In November With Employers Adding 263000 Jobs

International unemployment rates, January 2013 : The Economics Daily ...

U.S. employers added 263,000 jobs in November, continuing a surprisingly strong pace of expansion this year despite the Federal Reserve’s efforts to put the brakes on the labor market.

The unemployment rate stayed level at 3.7%, the U.S. Bureau of Labor Statistics said Friday. Economists surveyed by data provider FactSet had predicted employers added 200,000 jobs last month.

Job growth was broad-based, with employers in health care, government and leisure and hospitality adding jobs. The information sector grew modestly, despite widespread layoffs among tech companies. While the hiring bodes well for job hunters, the stronger-than-expected report complicates the Federal Reserve’s efforts to tamp the hottest inflation in four decades, raising fears of more rate hikes to come.

“Even if the central bank eases up as expected on the magnitude of rate increases, the journey likely continues in 2023 toward a higher ultimate rate destination in the pursuit of restraining inflation,” said Mark Hamrick, senior economic analyst at Bankrate, in a Friday note.

Stock markets plummeted on the report, with Dow futures down by 1.2% and S& P 500 futures down 1.5%. Investors believe that too-strong hiring could encourage the Fed to raise interest rates even higher.

Read Also: When Will I Get Unemployment Tax Refund

Unemployment Rate Drops But Labor Participation Remains A Factor

The U.S. unemployment rate remained at 3.7% in November, but fewer people were participating in the workforce during the month, according to new data released by the Bureau of Labor Statistics on Friday.

The unemployment rate has remained between 3.5% and 3.7% since March. The unemployment rate has remained low despite high inflation, which has caused companies to spend more.

Although the civilian noninstitutional population, which is a measure of Americans over the age of 16 who are not incarcerated, increased by 173,000 in November, there were 186,000 fewer workers in the civilian workforce.

The result is the labor participation rate dropped .1% to 62.2%.

Hourly wages saw a modest bump to an average of $32.82, an 18-cent increase to October. Wages are up $1.59 over the last year. Wages increased about 5 percent from this time a year ago, but the Consumer Price Index has jumped 7.7% in the last year, indicating wages are not keeping up with the cost of living.

Meanwhile, employers added 263,000 jobs in November, a decline of about 21,000 in October. A year ago, employers added 647,000 jobs in the month of November.

Good News For Workers Bad News For The Fed As Job And Wage Growth Sizzles

In a sign that the U.S. labor market remains exceptionally tight, employers added a higher-than-expected 263,000 jobs in November, while average hourly wages grew by 5.1% on an annual basis, the Bureau of Labor Statistics announced Friday. The unemployment rate held steady at 3.7%.

The data comes a day after new inflation data suggested that price increases in the economy are easing, but Fridays report shows that the labor market is still remarkably strong and the Federal Reserve still has its work cut out for it as the central bank tries to slow the economy through tighter monetary conditions.

The report sent stocks tumbling as traders contemplated the threat of higher interest rates from the Fed, though they recovered later in the day. Most investors still think that the Fed will raise its key rate by 50 basis points in December, less than it has at its previous four meetings, but the strong labor market data likely increases the odds that the Fed will raise rates higher and keep them high longer in its war against inflation.

Heres what some experts are saying about the jobs report:

Labor market stays hot: To have 263,000 jobs added even after policy rates have been raised by some basis points is no joke, said Seema Shah, chief global strategist at Principal Asset Management. The labor market is hot, hot, hot, heaping pressure on the Fed to continue raising policy rates.

Also Check: How Much Is Nc Unemployment

Databases Tables & Calculators By Subject

All Urban Consumers
Urban Wage Earners and Clerical Workers
All Urban Consumers
Commodity Data including “headline” FD-ID indexes
Employment, Hours, and Earnings – National
Employment, Hours, and Earnings – State and Metro Area
Job Openings and Labor Turnover Survey
State and County Employment and Wages
Occupational Employment and Wage Statistics
American Time Use Survey
Labor Force Statistics including the National Unemployment Rate
Local Area Unemployment Statistics
2020 and projected 2030 employment, job openings, education, training, and wages
National Employment Matrix – Occupation Detailed industries where each occupation is employed
National Employment Matrix – Industry Detailed occupations employed in each industry
Employer Costs for Employee Compensation
National Compensation Survey – Benefits*

*2007 to 2009 benefits data are not available in the National Compensation Survey data base.For data during these years, see the NCS publication archive.

Work Stoppages
Weekly & Hourly Earnings
Occupational Employment and Wage Statistics
State and County Employment and Wages
American Time Use Survey
Major Sector Quarterly Labor Productivity and Costs
Major Sector and Major Industry Total Factor Productivity
Detailed Industry Productivity
Occupational Injuries and Illnesses and Fatal Injuries Profiles
Census of Fatal Occupational Injuries
Nonfatal cases involving days away from work: selected characteristics
Occupational Injuries and Illnesses: Industry Data

Historical News Release Tables

Unemployment rate decreased by 1 percent in third quarter: Risenga Maluleke
Historical ‘A’ Tables : Previous years and months
Employment Situation News Release Current Population Survey
Historical ‘B’ Tables : Previous years and months
Employment Situation News Release Current Employment Statistics
Weekly Earnings Tables: Previous quarters
Usual Weekly Earnings of Wage and Salary Workers News Release Current Population Survey
Union Affiliation Tables: Previous years
Union Members News Release Current Population Survey
Access to Historical Data Series by Subject: Previous years and months
Browse labor force, employment, unemployment, and other data by subject Current Population Survey
American Time Use Survey Historical News Release Tables
American Time Use Survey Results
Historical ‘A-1’ Tables
Time spent in detailed primary activities, and percent of the civilian population engaging in each activity, averages per day American Time Use Survey
Historical ‘A-2’ Tables
Time spent in detailed primary activities, and percent of the civilian population engaging in each activity, averages per day on weekdays and weekend days American Time Use Survey

You May Like: Free Training Programs In Nyc For Unemployed

Labor Productivity And Costs

Labor productivity is a measure of economic performance that compares the amount of goods and services produced with the number of hours worked to produce those goods and services. Two BLS programs produce Labor Productivity and Costs measures for sectors of the US economy: Major Sector Productivity program & Industry Productivity program. The Major Sector Productivity program develops quarterly labor productivity measures for the major US economic sectors. The Industry Productivity program develops annual labor productivity and unit labor cost measures for US industries.

Job Growth Surpasses Expectations In November

The U.S. economy added 263,000 jobs in November, more than economists expected.

Notable job gains occurred in leisure and hospitality, health care, and government, the Bureau of Labor Statistics said. Employment declined in retail trade and in transportation and warehousing.

The unemployment rate remained steady at 3.7%, with about 6 million unemployed Americans seeking work.

Among the major worker groups, the unemployment rates for adult men , adult women , teenagers , Whites , Blacks , Asians , and Hispanics showed little or no change over the Month, BLS said. Among the unemployed, the number of permanent job losers rose by 127,000 to 1.4 million in November. The number of persons on temporary layoff changed little at 803,000.

On top of that, there are many Americans who would like a job but have given up looking.

Among those not in the labor force who wanted a job, the number of persons marginally attached to the labor force held at 1.5 million in November, BLS said. These individuals wanted and were available for work and had looked for a job sometime in the prior 12 months but had not looked for work in the 4 weeks preceding the survey. The number of discouraged workers, a subset of the marginally attached who believed that no jobs were available for them, was 405,000 in November, little changed from the previous month.

Job growth varied by sector.

Unemployment has remained relatively low all year.

Read Also: Where To Get Your Unemployment W2

Us Transportation Sector Unemployment Rate Of 46% In November 2022 Was Below The November 2021 Level Of 61% But Was Above The Pre

The unemployment rate in the U.S. transportation sector was 4.6% in November 2022 according to Bureau of Labor Statistics data recently updated on the Bureau of Transportation Statistics Unemployment in Transportation dashboard. The November 2022 rate fell 1.5 percentage points from 6.1% in November 2021 but was above the pre-pandemic November level of 3.3% in November 2019. Unemployment in the transportation sector reached its highest level during the COVID-19 pandemic in May 2020 and July 2020.

Unemployment in the transportation sector was above overall unemployment. BLS reports that the U.S. unemployment rate, not seasonally adjusted, in November 2022 was 3.4% or 1.2 percentage points below the transportation sector rate. Seasonally adjusted, the U.S. unemployment rate in November 2022 was 3.7%.

Unemployment Rates And Labor Force Estimates

State unemployment rates little changed in June : The Economics Daily ...

This page contains estimates of the New Jersey labor force for Primary Metropolitan Statistical Areas , labor areas, counties, and municipalities. The data items include monthly estimates of labor force, employment, unemployment volume, and unemployment rate for historical and current year. These estimates are produced by the New Jersey Department of Labor and Workforce Development. Comparable labor force data for the United States can be obtained from the US Bureau of Labor Statistics.

Certified Target Employment Areas Under the Immigration Act of 1990

On July 24, 2019 the U.S. Department of Homeland Security announced updates to regulations governing the EB-5 immigration visa program in a Federal Register Notice that can be found here. Each of the EB-5 rule changes described in the Federal Register notice became effective November 21, 2019. Among the changes announced is the transfer of Targeted Employment Area certification authority from states to U.S. DHS. As such, The New Jersey Department of Labor and Workforce Development is no longer responsible for certifying TEAs, or issuing TEA certification letters effective November 21, 2019.


Beginning on March 23, 2015, a new monthly series is being introduced as part of the LAUS program: Characteristics of New Jersey’s Unemployment Insurance Claimants.

Current Month
View Report

Current JOLTS Report:

Previous JOLTS Reports:

Recommended Reading: Can I Get Ppp And Unemployment

More articles

Popular Articles