DoL Weekly Unemployment Report

[Pepe]

As I am weaning myself from another board, each week, unless I am on vacation, I will post the Department of Labor Unemployment report here on this thread.

UE is reported in the morning on most Thursdays.

You will be able to click on the link for the full report.

Here is the report for 13 February 2014.

The DOL reports:

In the week ending February 8, the advance figure for seasonally adjusted initial claims was 339,000, an increase of 8,000 from the previous week's unrevised figure of 331,000. The 4-week moving average was 336,750, an increase of 3,500 from the previous week's revised average of 333,250.

The previous week was unrevised.

 

[expat_panama]

Tx, imho the report speaks well for itself. Curious though, which other forum are you 'weaning' yourself off of & what advantage are you finding here?

 

[JakeStarkey]

Pepe, thank you for the Report.

The rules prevent us from naming or really discussing other boards.

 

[william the wie]

Tx, imho the report speaks well for itself. Curious though, which other forum are you 'weaning' yourself off of & what advantage are you finding here?

We both also post on another board that is rapidly ending up to the left of Trotsky. My one complaint about USMB is having to crawl through the Fora to find the posts made on threads I am subscribed to such as Robotics, Space, UE, bank closures and such that heat up once a week or month. That is the sole advantage of the other place.

 

[expat_panama]

iirc the rule only applies to right wing boards but since it's one of many non-published rules here we've got no way of knowing. At any rate, I'd be grateful if you could pls private message me a link because while there are lots of these boards around, none are perfect while all offer something good, so a new one is always welcome...

 

[Pepe]

The DOL reports:

In the week ending February 15, the advance figure for seasonally adjusted initial claims was 336,000, a decrease of 3,000 from the previous week's unrevised figure of 339,000. The 4-week moving average was 338,500, an increase of 1,750 from the previous week's unrevised average of 336,750.

The previous week was unrevised.

 

[william the wie]

The trendlines seem to be continuing.

 

[waltky]

Employment level not as rosy as it looks due to part-time jobs...

Labor Force Participation Matches 36-Year Low; 92,898,000 Out of Labor Force
January 9, 2015 -- A record 92,898,000 Americans 16 and older did not participate in the labor force in December, as the labor force participation rate dropped to 62.7 percent.

The labor force participation had also been 62.7 percent this September, but prior to that had not been that low since February 1978, which was 36 years ago the Bureau of Labor Statistics reported today. The labor force participation rate is the percentage of the civilian noninstitutional population who either had a job or was actively seeking one during the month. Those not in the labor force neither had a job, nor sought one.

In addition to the 36-year low participation rate, a record 92,898,000 Americans did not participate in the labor force in December. That's 456,000 more than the 92,442,000 Americans who did not participate in November. BLS employment statistics are based on the civilian noninstitutional population, which consists of all people 16 or older who were not in the military or an institution such as a prison, mental hospital or nursing home.

In December, the civilian noninstitutional population was 249,027,000 according to BLS. Of that 249,027,000, 156,129,000--or 62.7 percent--participated in the labor force, meaning they either had or job or had actively sought one in the last four weeks. Of the 156,129,000 who did participate in the labor force, 147,442,000 had a job and 8,688,000 did not have a job but actively sought one. Those 8,688,000 are the unemployed. They equaled 5.6 percent of the labor force—or an unemployment rate of 5.6 percent (which was down from the 5.8 percent unemployment rate in November).

Labor Force Participation Matches 36-Year Low 92 898 000 Out of Labor Force CNS News

See also:

Record 55,807,000 Women Not In Labor Force; Participation Rate Matches 26-Year Low
January 9, 2015 -- A record 55,807,000 women 16 years and older did not participate in the labor force in December, according to data from the Bureau of Labor Statistics (BLS). This means that 55,807,000 women in the United States did not have a job and did not actively seek one in the past four weeks.

The number of women not in the labor force increased from 55,195,000 in November to 55,807,000 in December, an increase of 612,000. The participation rate for women hit a record low for this year of 56.6 percent, which also matches the 56.6 percent seen in September 1988, a 26-year low. The labor force participation rate, as calculated by the BLS, is the percentage of this population that either has a job or actively sought one in the last four weeks.

The number of employed women decreased from 69,247,000 in November to 69,042,000 in December, a decline of 205,000. However, the number of unemployed women also declined from 4,195,000 in November to 3,878,000 in December, which means there were 317,000 less unemployed women in September. The unemployment rate for women declined from 5.7 percent in November to 5.3 in December.

Record 55 807 000 Women Not In Labor Force Participation Rate Matches 26-Year Low CNS News

Related:

White Unemployment, 4.8% -- Black Unemployment, 10.4%
January 9, 2015 – The numbers from the Bureau of Labor Statistics (BLS) for December 2014 show that while the national unemployment rate for whites is 4.8%, the national unemployment rate for blacks is more than double that, at 10.4%.

Blacks comprise 13.2% of the U.S. population and whites comprise 77.7% of the population, according to the Census Bureau. The seasonally adjusted unemployment rate for whites, age 16 and older, dropped slightly between November and December, said the BLS, from 4.9% to 4.8%.

Black unemployment rate in December 2014 was 10.4%, more than double the rate for whites, at 4.8%.

For blacks, age 16 and older, the seasonally adjusted rate dropped slightly from 11.0% in November to 10.4% in December, reported the BLS. For Latinos, who comprise 17.1% of the U.S. population, the unemployment rate in December was 6.5%, down slightly form November’s rate of 6.6%. The last time the national unemployment rate for blacks was below 10.4% was in July 2008, some six-and-a-half years ago.

White Unemployment 4.8 -- Black Unemployment 10.4 CNS News

 

[EdwardBaiamonte]

unemployment is receding for sure but the question is, is there a lberal policy that can cause this to happen?