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Entries in Department of Labor (5)

Thursday
Feb212013

Jobless Claims Rise to 362,000

Spencer Platt/Getty Images(WASHINGTON) -- Jobless claims jumped last week, rising by 20,000, according to the latest figures released Thursday by the Labor Department.

For the week ending Feb. 16, the number of people filing for benefits shot up to 362,000.  The previous week, claims stood at 342,000.

The four-week average also rose, increasing by 8,000 to 360,750.

Copyright 2013 ABC News Radio

Friday
Sep072012

Friday’s Jobs Report: Some Perspective on the Numbers

Jupiterimages/Thinkstock(NEW YORK) -- A  total of 96,000 jobs were added in August, and the unemployment rate edged down to 8.1 percent, according to the Labor Department's report released Friday.

Since the beginning of 2012, the unemployment rate has stayed in the narrow range between 8.1 and 8.3 percent, and it still possible that the unemployment rate could fall below eight percent (which would take it to its lowest level since President Obama took office).

The total number of unemployed people -- 12.5 million, says the Bureau of Labor Statistics -- changed only very little in August. The number of long-term unemployed (those jobless for 27 weeks or more) was five million, accounting for 40 percent of the total number of unemployed people.  

Here's a look at the numbers over the past two years.

IN THE PAST TWO YEARS:

Since September 2010, the economy has been steadily adding jobs.

TOTAL PRIVATE JOBS CREATED:

For 30 straight months, there has been private sector job growth, President likes to point out, with 4.6 million private sector jobs created in that time frame.

But for now, 2012 is faring worse than 2011 when it comes to employment. Since the beginning of 2012, employment growth has averaged 139,000 jobs per month, compared with an average monthly gain of 153,000 in 2011.

WHERE JOBS WERE ADDED:

Employment in food services and places that serve drinks increased by 28,000 in August.
Employment in professional and technical services rose 27,000.
Computer systems design and related services added 11,000 jobs, and management and technical consulting services added 9,000 jobs.
Health care employment rose by 17,000 in August. Ambulatory health care services and hospitals added 14,000 and 6,000 jobs, respectively.
Finance and insurance added 11,000 jobs in August. Employment in wholesale trade continued to trend up.

WHERE JOBS WERE LOST:

Manufacturing employment was down by 15,000.
And 7,000  government jobs were also lost this month.

Copyright 2012 ABC News Radio

Thursday
Nov172011

Jobless Claims Drop by 5,000; Four-Week Average Falls Under 400K

Spencer Platt/Getty Images(WASHINGTON) -- Claims for unemployment benefits are continuing their downward trend, falling for the second straight week in November, the Labor Department reported Thursday.

For the week ending Nov. 12, claims dropped by 5,000 to 388,000.  The previous week, claims stood at 393,000.

The four-week average, meanwhile, finally dipped under 400,000.  After falling by 4,000, that figure now stands at 396,750.

Copyright 2011 ABC News Radio

Thursday
Feb102011

Unemployment Claims Drop for Second Straight Week to 383,000

Photo Courtesy - Getty Images(WASHINGTON) -- The number of people filing for unemployment benefits continued to drop for a second straight week, according to the Labor Department's latest report released Thursday.

For the week ending Feb. 5, the department said jobless claims dropped by 36,000 to 383,000.  The previous week, claims stood at 419,000.

The four-week average also went down, decreasing by 16,000 to 415,500 from the previous week's average of 431,500.

Copyright 2011 ABC News Radio

Wednesday
Oct062010

Georgia's New Deal: New Job Opportunities for All Unemployed

Photo Courtesy - Georgia Department of Labor(ATLANTA) -- Georgia's high unemployment rate of 10 percent has labor officials scrambling to prevent more people from joining the ranks of the unemployed, and ultimately to bring the number down.

The state's labor department has created a new work program for every unemployed person in the state. The program allows an unemployed person to approach an interested employer, and work under a trial period while getting trained. The state underwrites the cost of that work for six weeks.

When it works, it's a win-win for everyone. An employer gets a state-sanctioned worker for free; in exchange, the worker gets new hope that at the end of the trial period, they will be hired.

Under the Georgia program, those workers who qualify for unemployment insurance will continue to receive their payments during the six weeks they're in the trial period. Those workers who don't qualify for unemployment insurance will get a $600 stipend from the state.

A smaller version of the idea, called Georgia Works, has already been proven successful. It resulted in permanent jobs for several hundred people last year.

Georgia's labor commissioner, Michael Thurmond, said the program works because employers and employees get a custom-fit. Additionally, the unemployed get personally invested in the job. There is really no risk for either party, he said.

Of the thousands of unemployed workers who enrolled in the program, 36 percent were hired permanently within the first six weeks and 63 percent found jobs within the next 90 days.

Copyright 2010 ABC News Radio







ABC News Radio