Unemployment Rate Falls to an 18-Year Low in May

  Employment Overview The unemployment rate reached an 18-year low of 3.8 percent in May according to the Bureau of Labor Statistics’ (BLS) May Employment Situation Summary. Total nonfarm payroll grew by 223,000 jobs, up from 159,000 jobs (revised down from 164,000) in April. The labor force participation rate decreased slightly to 62.7 percent and the number of unemployed persons decreased from 6.3 million in April to 6.1 million in May. The unemployment rate for people ages 55 and older …

Unemployment Drops Below 4 Percent in April

Employment Overview Job growth increased in April as the unemployment rate dropped below 4 percent for the first time since 2000, according to the Bureau of Labor Statistics’ (BLS) April Employment Situation Summary. The economy has added jobs every month for a record-breaking seven and a half years. Total nonfarm payroll grew by 164,000 jobs in April up from 135,000 jobs (revised up from 103,000) in March. The labor force participation rate was down slightly at 62.8 percent and the …

Job Growth Slows in March but Employment Indicators for the 55+ Hold Steady

  Employment Overview The Bureau of Labor Statistics (BLS) March Employment Situation Summary showed that after a strong February with the strongest jobs growth since July 2016, hiring slowed down in March. The economy added 103,000 jobs and the labor force participation rate was down slightly at 62.9 percent.  For the sixth consecutive month, the overall unemployment rate was 4.1 percent. Meanwhile, many employment indicators for those ages 55 and older remained unchanged from February.  The unemployment rate for people …

La suerte sola no es suficiente. Cómo ahorrar para tu propia olla de oro

A mi padre le gustaba compartir esta bendición irlandesa con nosotros: “Que siempre haya trabajo para tus manos. Que en tu bolsillo haya siempre una moneda o dos”. Todos buscamos la olla de oro al final del arcoíris. Pero por lo general, no tenemos la suerte de simplemente encontrarla: tenemos que dedicar nuestro tiempo, energía y determinación para ganarla. Lamentablemente, muchas personas que trabajan sin descanso durante toda su vida no tienen forma de ahorrar para su jubilación en el …

Luck isn’t Enough – How to Save for Your Own Pot of Gold

My Pop was fond of sharing this Irish Blessing with us – May there always be work for your hands to do. May your purse always hold a coin or two. We’re all searching for that pot of gold at the end of the rainbow. Most of the time, though, we aren’t lucky enough to just find it; we have to put our time, energy, and determination into earning it. Unfortunately, many Americans who work tirelessly throughout their lives have …

Economy Adds 313,000 Jobs in February

Employment Overview February 2018 was the strongest month for jobs growth since July 2016, with 313,000 jobs added to the economy. Despite this growth, the Bureau of Labor Statistics (BLS) February Employment Situation Summary showed that the unemployment rate for people ages 55 and older increased from 3 percent in January to 3.2 percent in February. The number of unemployed persons ages 55+ also increased, to 1.2 million, up from 1.1 million in January. The percentage of 55+ jobseekers considered …