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Spotlight on Statistics: Trends in long-term unemployment

March 25, 2015 Comments off

Spotlight on Statistics: Trends in long-term unemployment
Source: Bureau of Labor Statistics

Long-term unemployment reached historically high levels following the Great Recession of 2007–2009. Both the number and share of the unemployed who are long-term unemployed typically continue to increase after a recession ends, before falling during a labor market recovery. Following this cyclical pattern, long-term unemployment has fallen in recent years, although it remains high by historical standards. Five years after the Great Recession ended, the number of long-term unemployed still made up a larger share of unemployment than during any previous recession.This Spotlight on Statistics examines trends in long-term unemployment and the characteristics of people who have experienced it.

Employment Situation of Veterans 2014

March 20, 2015 Comments off

Employment Situation of Veterans 2014
Source: Bureau of Labor Statistics

The unemployment rate for veterans who served on active duty in the U.S. Armed Forces at any time since September 2001–a group referred to as Gulf War-era II veterans–declined by 1.8 percentage points over the year to 7.2 percent in 2014, the U.S. Bureau of Labor Statistics reported today. The jobless rate for all veterans, at 5.3 percent, also declined from a year earlier. In addition, 29 percent of Gulf War-era II veterans reported having a service-connected disability in August 2014, compared with 16 percent of all veterans.

Career planning for high schoolers

March 9, 2015 Comments off

Career planning for high schoolers
Source: Bureau of Labor Statistics

Most people need some preparation before they’re ready for the workforce, and planning should begin long before it’s time to start a career. This could include taking technical courses during high school or, after graduating, attending a college or university to earn a certificate or a degree. Knowing what type of career preparation you need begins with thinking about what type of career you want.

This article helps high school students plan for careers. The first section talks about exploring your interests. The second section highlights the importance of internships, jobs, and other opportunities for getting experience. The third section describes some education or training options, both in high school and afterward. The fourth section offers some thoughts on pursuing your dream career. And the final section lists sources for more information.

Employment Situation — February 2015

March 6, 2015 Comments off

Employment Situation — February 2015
Source: Bureau of Labor Statistics

Total nonfarm payroll employment increased by 295,000 in February, and the unemployment rate edged down to 5.5 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in food services and drinking places, professional and business services, construction, health care, and in transportation and warehousing. Employment in mining was down over the month.

Disability insurance plans: trends in employee access and employer costs

March 4, 2015 Comments off

Disability insurance plans: trends in employee access and employer costs
Source: Bureau of Labor Statistics

Short- and long-term disability insurance programs replace some of the wages lost by people who cannot work because of a disabling injury or illness that is not work-related. Short-term disability insurance typically covers periods lasting less than 6 months, and long-term disability insurance lasts for the length of the disability or until retirement.

Those workers who are unable to work due to injury or illness and who do not have disability insurance coverage through their employers may seek benefits from Social Security Disability Insurance (SSDI). The number of SSDI claimants has grown over the past decade as younger workers and those in relatively low-skill, low-pay jobs have applied for benefits. This has prompted interest in the amount of coverage for workers in employer-provided disability insurance programs. This issue of Beyond the Numbers examines trends in employer-provided disability insurance coverage over time, explains the basic terms of coverage for typical plans, and estimates the costs to private employers.

Volunteering in the United States – 2014

March 3, 2015 Comments off

Volunteering in the United States – 2014
Source: Bureau of Labor Statistics

The volunteer rate was little changed at 25.3 percent for the year ending in September 2014, the U.S. Bureau of Labor Statistics reported today. About 62.8 million people volunteered through or for an organization at least once between September 2013 and September 2014. The volunteer rate in 2013 was 25.4 percent.

Consumer Expenditures in 2013 (Published February 2015)

March 2, 2015 Comments off

Consumer Expenditures in 2013 (PDF)
Source: Bureau of Labor Statistics

Consumer spending in 2013 decreased 0.7 percent from 2012, based on annual data from the Consumer Expenditure Survey (CE). This decrease follows 2 years of increasing expenditures. Consumer units’ (CUs) average annual expenditures decreased from $51,442 in 2012 to $51,100 in 2013. Along with the decrease in expenditures in 2013, there was also a decline in income from 2012 to 2013. Average annual income before taxes decreased 2.8 percent from $65,596 in 2012 to $63,784 in 2013. In contrast, average pretax income rose 3.0 percent from 2011 to 2012.

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