Unemployment Rate Unchanged at 3.7 percent in November
Employment Overview The unemployment rate remained unchanged for the third consecutive month at 3.7 percent, according to the Bureau of Labor Statistics’ (BLS) November Employment Situation Summary. The unemployment rate for those ages 55 and older edged up slightly to 2.9 percent. The economy added 155,000 jobs in November, down from 237,000 jobs added in October. The overall labor force participation rate was also unchanged at 62.9 percent while the rate for the 55+ increased slightly to 40.2 percent. …
Strong Hiring in October as Unemployment Rate Holds Steady
Employment Overview The unemployment rate remained unchanged for both the overall workforce and those ages 55 and older, according to the Bureau of Labor Statistics’ (BLS) October Employment Situation Summary. The overall unemployment rate was 3.7 percent and 2.8 percent for those ages 55 and older. The overall labor force participation rate edged up to 62.9 percent while the rate for the 55+ remained unchanged at 40.1 percent. Employment among this age group increased to 36.6 million while 1.1 million …
New Report: Familiar Challenges for Older Jobseekers
The share of the workforce ages 65 and older is growing, but a new Public Policy Institute (PPI) report reveals that jobseekers in this age group continue to face challenges in their search for work. Among those challenges: Age discrimination. A recent AARP survey has found age discrimination to be widespread. Unemployed respondents were more likely to say they had seen or experienced age discrimination than those working, and 38 percent of unemployed respondents believe they had not been hired …
Unemployment Falls to 3.7% in September
Employment Overview Though the unemployment rate declined to 3.7 percent in September, job growth slowed compared with August, according to the Bureau of Labor Statistics’ (BLS) September Employment Situation Summary. Overall employment increased by 134,000 jobs compared with the 270,000 jobs added in August (revised up from 201,000). The professional and business services, health care, and transportation and warehousing industries all added jobs. The overall labor force participation rate remained at 62.7 percent but edged down slightly to 40.1 …
Labor Force Participation Rate Increases for Those Ages 55+
Employment Overview The economy added 201,000 jobs in August, up from 147,000 jobs (revised down from 157,000) added in July, according to the Bureau of Labor Statistics’ (BLS) August Employment Situation Summary. The unemployment rate remained unchanged at 3.9 percent. Jobs were added in professional and business services, health care, wholesale trade, transportation and warehousing, and mining. While the overall labor force participation rate edged down to 62.7 percent from 62.9 percent in July, it increased slightly to 40.2 percent …
Fewer Jobs Added in July but Labor Force Participation Rates Remain Stable
Employment Overview Total nonfarm payroll grew by 157,000 jobs, down from 248,000 jobs (revised up from 213,000) in June, according to the Bureau of Labor Statistics’ (BLS) July Employment Situation Summary. The unemployment rate edged down to 3.9 percent. Jobs were added in professional and business services, manufacturing, and health care. The labor force participation rate held steady at 62.9 percent and the number of unemployed decreased from 6.6 million in June to 6.3 million in July. The number of …
