18.02.02 Unemployment

February 2, 2018
Quick Reads background image

New Unemployment Rate = 4.1%

New Number: New Year

  • Reflects January’s “employment situation”.
  • 200,000 jobs added.
  • 4.1% rate = same forA the last 4 months.
“Employment continued to trend up in construction, food services and drinking places, health care, and manufacturing. “

Labor Department, Employment Situation Report, January 2018

Click For Full Report

Important To Note: Hourly Earnings

  • Average hourly earnings rose by 9 cents to $26.74.
  • Over the last year, average hourly earnings rose 75 cents.
  • Hourly earnings matter because it *may* reflect better quality jobs; more confidence in economy.

Consider This:

  • Good News: Unemployment Rate is low and wages are rising. Unemployment at 17-year-low.
  • Bad News: Some economist worry other indicators may show economy “overheating”.

A Dog Receives Unemployment Benefits In Michigan – For Real. Flip For the Story.

  1. The Employment Situation Report
    Total nonfarm payroll employment increased by 200,000 in January, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in construction, food services and drinking places, health care, and manufacturing.A https://www.bls.gov/news.release/pdf/empsit.pdf
  2. Saugatuck man says his dog qualifies for unemployment
    SAUGATUCK, MICH. – Fake unemployment claims are on the rise and a West Michigan man says it”s also hitting his extended family. By that, he means, his dog.A http://www.wzzm13.com/news/local/saugatuck-man-says-his-dog-qualifies-for-unemployment/512999340
  3. US economy adds 200,000 jobs in January and wages rise at fastest pace since recession
    “Could we see wage growth break through the 3 percent barrier? That”s a key question for the coming months,” said Mark Hamrick, the senior economic analyst atA Bankrate.com. “If that happens, then the markets will have to consider whether the economy is overheating — something we haven”t had to think about since the financial crisis and recession.”A http://www.businessinsider.com/us-jobs-report-january-2018-2

by Jenna Lee,