Fewer Jobs Added in May, but Labor Force Participation Rate of Those Ages 55+ Holds Steady

  Employment overview   The U.S. economy added 138,000 jobs in May, according to the Bureau of Labor Statistics’ newest Employment Situation Report. This was lower than the average monthly gain of 181,000 over the prior 12 months and April’s gain of 174,000 jobs (revised down from 211,000). The unemployment rate in May was 4.3 percent and the number of unemployed persons was 6.9 million. By comparison, the unemployment rate for people age 55 and above was 3.1 percent, with …

Labor Force Participation Rate for People Age 55+ Down Slightly in April

Employment overview for those age 55+   The April Employment Situation Report from the Bureau of Labor Statistics (BLS) showed an increase in the number of jobs, with 211,000 added. Meanwhile, the unemployment rate, at 4.4 percent, was the lowest since May 2007. The number of people age 55-plus who are employed remained unchanged from March while the unemployment rate for this age group decreased from 3.4 percent to 3.2 percent. The labor force participation rate of the 55-plus population …

Labor Force Participation Rate for People Age 55+ Edges Up in March

  Employment overview for those age 55+   The monthly Employment Situation Report from the Bureau of Labor Statistics (BLS) shows the economy added 98,000 jobs in March 2017 — an unexpectedly smaller increase from the first two months of the year. The number of persons age 55-plus who are employed increased slightly from February. Meanwhile, the unemployment rate for those age 55 and older remained unchanged, at 3.4 percent and approximately 1.2 million unemployed. The percentage of the 55-plus …

Job Numbers Rise but Labor Force Participation of Those Ages 55+ Holds Steady

  Employment overview for those ages 55+ The monthly Employment Situation Report from the Bureau of Labor Statistics (BLS) shows the economy added 235,000 jobs in February 2017. While the number of those ages 55-plus who are employed rose slightly in February, this age group’s labor force participation rate (i.e., the percentage of the population that is either working or actively seeking work) held steady at 39.9 percent. The labor force participation rate of persons ages 55 and older has …

Economy Adds Jobs in January

Employment Overview January 2017 saw job gains of 227,000, up from 157,000 in December. Leading industries for job growth were retail trade, construction and financial. In addition, average hourly earnings by employees on private payrolls increased by 3 cents an hour to $26. The monthly Employment Situation Report from the Bureau of Labor Statistics gives a broad picture of the current state of the job market. Despite job gains, the unemployment rate ticked up to 4.8 percent. The number of …