Vision Payroll

May 8, 2010

Unemployment Rate Rose to 9.9 Percent in April

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Nonfarm payroll employment rose by 290,000 in April, the unemployment rate edged up to 9.9%, and the labor force increased sharply, the US Bureau of Labor Statistics reported recently. Job gains occurred in manufacturing, professional and business services, health care, and leisure and hospitality. Federal government employment also rose, reflecting continued hiring of temporary workers for Census 2010.

In April, the number of unemployed persons was 15.3 million, and the unemployment rate edged up to 9.9%. The rate had been 9.7% for the first 3 months of this year.

Among the major worker groups, the unemployment rate for whites (9.0%) edged up in April, while the rates for adult men (10.1%), adult women (8.2%), teenagers (25.4%), blacks (16.5%), and Hispanics (12.5%) showed little or no change. The jobless rate for Asians was 6.8%, not seasonally adjusted.

The number of long-term unemployed (those jobless for 27 weeks and over) continued to trend up over the month, reaching 6.7 million. In April, 45.9%of unemployed persons had been jobless for 27 weeks or more.

Among the unemployed, the number of reentrants to the labor force rose by 195,000 over the month.

In April, the civilian labor force participation rate increased by 0.3 percentage points to 65.2%, as the size of the labor force rose by 805,000. Since December, the participation rate has increased by 0.6 percentage points. The employment-population ratio rose to 58.8% over the month and has increased by 0.6 percentage points since December.

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was about unchanged at 9.2 million in April. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.

About 2.4 million persons were marginally attached to the labor force in April, compared with 2.1 million a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.

Among the marginally attached, there were 1.2 million discouraged workers in April, up by 457,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.2 million persons marginally attached to the labor force had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities.

April 3, 2010

Unemployment Rate Steady at 9.7 Percent in March

Nonfarm payroll employment increased by 162,000 in March, and the unemployment rate held at 9.7%, the US Bureau of Labor Statistics reported recently. Temporary help services and health care continued to add jobs over the month. Employment in federal government also rose, reflecting the hiring of temporary workers for Census 2010. Employment continued to decline in financial activities and in information.

In March, the number of unemployed persons was little changed at 15.0 million, and the unemployment rate remained at 9.7%.

Among the major worker groups, the unemployment rates for adult men (10.0%), adult women (8.0%), teenagers (26.1%), whites (8.8%), blacks (16.5%), and Hispanics (12.6%) showed little or no change in March. The jobless rate for Asians was 7.5%, not seasonally adjusted.

The number of long-term unemployed (those jobless for 27 weeks and over) increased by 414,000 over the month to 6.5 million. In March, 44.1% of unemployed persons were jobless for 27 weeks or more.

The civilian labor force participation rate (64.9%) and the employment-population ratio (58.6%) continued to edge up in March.

The number of persons working part time for economic reasons (sometimes referred to as involuntary part-time workers) increased to 9.1 million in March. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.

About 2.3 million persons were marginally attached to the labor force in March, compared with 2.1 million a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.

Among the marginally attached, there were 1.0 million discouraged workers in March, up by 309,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.3 million persons marginally attached to the labor force had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities.

March 6, 2010

Unemployment Rate Steady at 9.7 Percent in February

Nonfarm payroll employment was little changed (-36,000) in February, and the unemployment rate held at 9.7%, the US Bureau of Labor Statistics reported recently. Employment fell in construction and information, while temporary help services added jobs. Severe winter weather in parts of the country may have affected payroll employment and hours; however, it is not possible to quantify precisely the net impact of the winter storms on these measures. For more information on the effects of the severe weather on employment estimates, see the box note at the end of the release.

In February, the number of unemployed persons, at 14.9 million, was essentially unchanged, and the unemployment rate remained at 9.7%.

Among the major worker groups, the unemployment rates for adult men (10.0%), adult women (8.0%), whites (8.8%), blacks (15.8%), Hispanics (12.4%), and teenagers (25.0%) showed little to no change in February. The jobless rate for Asians was 8.4%, not seasonally adjusted.

The number of long-term unemployed (those jobless for 27 weeks and over) was 6.1 million in February and has been about that level since December. About 4 in 10 unemployed persons have been unemployed for 27 weeks or more.

In February, the civilian labor force participation rate (64.8%) and the employment-population ratio (58.5%) were little changed.

The number of persons working part time for economic reasons (sometimes referred to as involuntary part-time workers) increased from 8.3 to 8.8 million in February, partially offsetting a large decrease in the prior month. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.

About 2.5 million persons were marginally attached to the labor force in February, an increase of 476,000 from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.

Among the marginally attached, there were 1.2 million discouraged workers in February, up by 473,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.3 million persons marginally attached to the labor force had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities.

February 6, 2010

Unemployment Rate Fell to 9.7 Percent in January

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The unemployment rate fell from 10.0% to 9.7% in January, and nonfarm payroll employment was essentially unchanged (-20,000), the US Bureau of Labor Statistics reported recently. Employment fell in construction and in transportation and warehousing, while temporary help services and retail trade added jobs.

In January, the number of unemployed persons decreased to 14.8 million, and the unemployment rate fell by 0.3 percentage points to 9.7%.

In January, unemployment rates for most major worker groups–adult men (10.0%), teenagers (26.4%), blacks (16.5%), and Hispanics (12.6%)–showed little change. The jobless rate for adult women fell to 7.9%, and the rate for whites declined to 8.7% The jobless rate for Asians was 8.4%, not seasonally adjusted.

This release includes new household survey tables with information about employment and unemployment of veterans, persons with a disability, and the foreign born. In January, the unemployment rate of veterans from Gulf War era II (September 2001 to the present) was 12.6%, compared with 10.4% for nonveterans. Persons with a disability had a higher jobless rate than persons with no disability–15.2% versus 10.4%. In addition, the labor force participation rate of persons with a disability was 21.8%, compared with 70.1% for those without a disability. The unemployment rate for the foreign born was 11.8%, and the rate for the native born was 10.3%.

In January, the number of persons unemployed due to job loss decreased by 378,000 to 9.3 million. Nearly all of this decline occurred among permanent job losers.

The number of long-term unemployed (those jobless for 27 weeks and over) continued to trend up in January, reaching 6.3 million. Since the start of the recession in December 2007, the number of long-term unemployed has risen by 5.0 million.

In January, the civilian labor force participation rate was little changed at 64.7%. The employment-population ratio rose from 58.2% to 58.4%.

The number of persons who worked part time for economic reasons (sometimes referred to as involuntary part-time workers) fell from 9.2 to 8.3 million in January. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.

About 2.5 million persons were marginally attached to the labor force in January, an increase of 409,000 from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.

Among the marginally attached, there were 1.1 million discouraged workers in January, up from 734,000 a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.5 million people marginally attached to the labor force had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities.

January 9, 2010

Unemployment Rate Steady at 10.0 Percent in December

Nonfarm payroll employment edged down (-85,000) in December, and the unemployment rate was unchanged at 10.0%, the US Bureau of Labor Statistics reported recently. Employment fell in construction, manufacturing, and wholesale trade, while temporary help services and health care added jobs.

In December, both the number of unemployed persons, at 15.3 million, and the unemployment rate, at 10.0%, were unchanged. At the start of the recession in December 2007, the number of unemployed persons was 7.7 million, and the unemployment rate was 5.0%.

Unemployment rates for the major worker groups–adult men (10.2%), adult women (8.2%), teenagers (27.1%), whites (9.0%), blacks (16.2%), and Hispanics (12.9%)–showed little change in December. The unemployment rate for Asians was 8.4%, not seasonally adjusted.

Among the unemployed, the number of long-term unemployed (those jobless for 27 weeks and over) continued to trend up, reaching 6.1 million. In December, 4 in 10 unemployed workers were jobless for 27 weeks or longer.

The civilian labor force participation rate fell to 64.6% in December. The employment-population ratio declined to 58.2%.

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was about unchanged at 9.2 million in December and has been relatively flat since March. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.

About 2.5 million persons were marginally attached to the labor force in December, an increase of 578,000 from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.

Among the marginally attached, there were 929,000 discouraged workers in December, up from 642,000 a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.6 million persons marginally attached to the labor force had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities.

December 5, 2009

Unemployment Rate Fell to 10.0 Percent in November

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The unemployment rate edged down to 10.0% in November, and nonfarm payroll employment was essentially unchanged (-11,000), the US Bureau of Labor Statistics reported recently. In the prior 3 months, payroll job losses had averaged 135,000 a month. In November, employment fell in construction, manufacturing, and information, while temporary help services and health care added jobs.

In November, both the number of unemployed persons, at 15.4 million, and the unemployment rate, at 10.0%, edged down. At the start of the recession in December 2007, the number of unemployed persons was 7.5 million, and the jobless rate was 4.9%.

Among the major worker groups, unemployment rates for adult men (10.5%), adult women (7.9%), teenagers (26.7%), whites (9.3%), blacks (15.6%), and Hispanics (12.7%) showed little change in November. The unemployment rate for Asians was 7.3%, not seasonally adjusted.

Among the unemployed, the number of job losers and persons who completed temporary jobs fell by 463,000 in November. The number of long-term unemployed (those jobless for 27 weeks and over) rose by 293,000 to 5.9 million. The percentage of unemployed persons jobless for 27 weeks or more increased by 2.7 percentage points to 38.3%.

The civilian labor force participation rate was little changed in November at 65.0%. The employment-population ratio was unchanged at 58.5%.

The number of people working part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed in November at 9.2 million. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.

About 2.3 million persons were marginally attached to the labor force in November, an increase of 376,000 from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.

Among the marginally attached, there were 861,000 discouraged workers in November, up from 608,000 a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.5 million persons marginally attached to the labor force had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities.

November 7, 2009

Unemployment Rate Rose to 10.2 Percent in October

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The unemployment rate rose from 9.8% to 10.2% in October, and nonfarm payroll employment continued to decline (-190,000), the US Bureau of Labor Statistics reported recently. The largest job losses over the month were in construction, manufacturing, and retail trade.

In October, the number of unemployed persons increased by 558,000 to 15.7 million. The unemployment rate rose by 0.4 percentage points to 10.2%, the highest rate since April 1983. Since the start of the recession in December 2007, the number of unemployed persons has risen by 8.2 million, and the unemployment rate has grown by 5.3 percentage points.

Among the major worker groups, the unemployment rates for adult men (10.7%) and whites (9.5%) rose in October. The jobless rates for adult women (8.1%), teenagers (27.6%), blacks (15.7%), and Hispanics (13.1%) were little changed over the month. The unemployment rate for Asians was 7.5%, not seasonally adjusted.

The number of long-term unemployed (those jobless for 27 weeks and over) was little changed over the month at 5.6 million. In October, 35.6% of unemployed persons were jobless for 27 weeks or more.

The civilian labor force participation rate was little changed over the month at 65.1%. The employment-population ratio continued to decline in October, falling to 58.5%.

The number of persons working part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed in October at 9.3 million. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.

About 2.4 million persons were marginally attached to the labor force in October, reflecting an increase of 736,000 from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.

Among the marginally attached, there were 808,000 discouraged workers in October, up from 484,000 a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The other 1.6 million persons marginally attached to the labor force in October had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities.

October 3, 2009

Unemployment Rate Rose to 9.8 Percent in September

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Nonfarm payroll employment continued to decline in September (-263,000), and the unemployment rate (9.8%) continued to trend up, the US Bureau of Labor Statistics reported recently. The largest job losses were in construction, manufacturing, retail trade, and government.

Since the start of the recession in December 2007, the number of unemployed persons has increased by 7.6 million to 15.1 million, and the unemployment rate has doubled to 9.8%.

Unemployment rates for the major worker groups—adult men (10.3%), adult women (7.8%), teenagers (25.9%), whites (9.0%), blacks (15.4%), and Hispanics (12.7%)—showed little change in September. The unemployment rate for Asians was 7.4%, not seasonally adjusted. The rates for all major worker groups are much higher than at the start of the recession.

Among the unemployed, the number of job losers and persons who completed temporary jobs rose by 603,000 to 10.4 million in September. The number of long-term unemployed (those jobless for twenty-seven weeks and over) rose by 450,000 to 5.4 million. In September, 35.6% of unemployed persons were jobless for twenty-seven weeks or more.

The civilian labor force participation rate declined by 0.3 percentage points in September to 65.2%. The employment-population ratio, at 58.8%, also declined over the month and has decreased by 3.9 percentage points since the recession began in December 2007.

In September, the number of persons working part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed at 9.2 million. The number of such workers rose sharply throughout most of the fall and winter but has been little changed since March.

About 2.2 million persons were marginally attached to the labor force in September, an increase of 615,000 from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior twelve months. They were not counted as unemployed because they had not searched for work in the four weeks preceding the survey.

Among the marginally attached, there were 706,000 discouraged workers in September, up by 239,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The other 1.5 million persons marginally attached to the labor force in September had not searched for work in the four weeks preceding the survey for reasons such as school attendance or family responsibilities.

September 6, 2009

Iowa Increases Unemployment Rates and Wage Base for 2010

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Iowa Workforce Development has announced that the 2010 unemployment rates will be based on Table 4; 2009 rates are based on Table 6. This move to higher rates is required to maintain the solvency of the Trust Fund used to provide unemployment benefits.

According to Director Elisabeth Buck, “Iowa Workforce Development is committed to maintaining the solvency of the Trust Fund while minimizing the effects felt by Iowa employers. The Department is continually working with Iowans receiving unemployment benefits to increase their skill sets and reduce barriers individuals may have for returning to work.”

In addition, the taxable wage base for 2010 has been announced. The wage base will increase to $24,500, up from $23,700 for 2009. Consequently, many employers will see contributions to the fund increase based on both the higher rate and the higher wage base.

Contact Vision Payroll with any questions on the Iowa unemployment insurance rates or wage base.

September 5, 2009

Unemployment Rate Rose to 9.7 Percent in August

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Nonfarm payroll employment continued to decline in August (-216,000), and the unemployment rate rose to 9.7%, the US Bureau of Labor Statistics reported recently. Although job losses continued in many of the major industry sectors in August, the declines have moderated in recent months.

In August, the number of unemployed persons increased by 466,000 to 14.9 million, and the unemployment rate rose by 0.3 percentage points to 9.7%. The rate had been little changed in June and July, after increasing 0.4 or 0.5 percentage points in each month from December 2008 through May. Since the recession began in December 2007, the number of unemployed persons has risen by 7.4 million, and the unemployment rate has grown by 4.8 percentage points.

Among the major worker groups, the unemployment rates for adult men (10.1%), whites (8.9%), and Hispanics (13.0%) rose in August. The jobless rates for adult women (7.6%), teenagers (25.5%), and blacks (15.1%) were little changed over the month. The unemployment rate for Asians was 7.5%, not seasonally adjusted.

The civilian labor force participation rate remained at 65.5% in August. The employment-population ratio, at 59.2%, edged down over the month and has declined by 3.5 percentage points since the recession began in December 2007.

In August, the number of persons working part time for economic reasons was little changed at 9.1 million. These individuals indicated that they were working part time because their hours had been cut back or because they were unable to find a full-time job. The number of such workers rose sharply in the fall and winter but has been little changed since March.

About 2.3 million persons were marginally attached to the labor force in August, reflecting an increase of 630,000 from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.

Among the marginally attached, the number of discouraged workers in August (758,000) has nearly doubled over the past 12 months. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The other 1.5 million persons marginally attached to the labor force in August had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities.

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