Jobs Rebound in March
Employment Overview Employment rebounded in March with the economy adding 196,000 jobs, up sharply from only 33,000 jobs added in February (revised up from +20,000 jobs), according to the Bureau of Labor Statistics (BLS) monthly Employment Situation data. The unemployment rate held steady at 3.8 percent overall and at 2.7 percent for those ages 55 and older. The overall labor force participation rate was down slightly from 63.2 percent to 63 percent and also edged down for the 55+ …
Fewer jobs added in February, but unemployment rate declines
Employment Overview Overall, the economy added only 20,000 jobs in February, a sharp decrease from the 311,000 jobs added in January (revised up from +304,000) according to the Bureau of Labor Statistics (BLS) monthly Employment Situation data. Meanwhile, the unemployment rate decreased to 3.8 percent overall and to 2.7 percent for those ages 55 and older. The labor force participation rate held steady at 63.2 percent and edged up slightly for the 55+ to 40.4 percent. Employment among the …
55+ Unemployment Increases to 3.2 percent
Employment Overview The unemployment rate increased to 4.0 percent in January according to the Bureau of Labor Statistics (BLS). BLS revised the methodology for calculating employment statistics. Underlying survey data have been revised as part of the annual benchmarking process, updating of seasonal adjustment factors, and updated population estimates. For more information, see The Employment Situation. Overall, the economy added 304,000 jobs in January, up from 222,000 jobs added in December (revised down from +312,000). The unemployment rate for …
Economy Adds 312,000 Jobs in December
Employment Overview The economy added 312,000 jobs in December, a strong increase from the 176,000 jobs added in November (revised up from 155,000), according to the Bureau of Labor Statistics’ (BLS) December Employment Situation Summary. The overall unemployment rate increased from 3.7 percent to 3.9 percent, while the unemployment rate for those ages 55 and older held steady at 2.9 percent. The overall labor force participation rate edged up to 63.1 percent while the rate for the 55+ increased slightly …
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 …
