New data released by the Tennessee Department of Labor and Workforce Development (TDLWD) revealed unemployment across the state remained at a historic low in April. The record-low rate of 3.2%, set in March, held steady into April, according to the department.Read More
Jobs in nursing and residential care facilities fell dramatically during the pandemic and have yet to recover. Due to economic factors and long-term aging trends in Pennsylvania, bouncing back won’t be easy.
About 202,000 workers were in long-term care facilities in Pennsylvania in March 2020 before the pandemic hit, according to the U.S. Bureau of Labor Statistics. Since then, the numbers have fallen to 172,300 as of February. The worker loss may have finally ended, as preliminary figures for March show 172,700 workers.Read More
The number of Americans who filed new unemployment claims decreased to 187,000 in the week ending March 19, the lowest level in over 50 years, the Department of Labor announced Thursday.
The Labor Department’s figure showed a decrease of 28,000 compared to the week ending March 12, when new claims numbered 215,000, according to data from the U.S. Bureau of Labor Statistics (BLS). This week’s claims were well below the predictions of economists surveyed by Bloomberg, who estimated that new claims would total 210,000.Read More
The Producer Price Index (PPI), which measures the prices suppliers charge businesses and other customers, surged 0.8% on a month-over-month basis as of February as consumer demand continues to spur inflation, the U.S. Bureau of Labor Statistics (BLS) announced Tuesday.
The PPI grew 10% on a year-over-year basis as of February, the BLS reported Tuesday. Economists surveyed by Dow Jones estimated wholesale prices would increase 0.9% on a monthly basis in the latest report.Read More
Tennessee Senators Marsha Blackburn (R-TN) and Bill Hagerty (R-TN) both released statements this week after the U.S. Bureau of Labor Statistics reported that inflation in the U.S. had soared to its highest level since 1982 in December of 2021.Read More
Republican leaders slammed President Joe Biden after December’s jobs report released Friday reported numbers well below economists’ projections, highlighting the report as another example of how the president mishandled the post-pandemic recovery.
The U.S. economy added only 199,000 jobs in December while unemployment dipped to 3.9%, the U.S. Bureau of Labor Statistics (BLS) announced Friday. Economists surveyed by The Wall Street Journal projected that the economy would add 422,000 jobs in December and that unemployment to fall to 4.1%.
“Our economy should be soaring right now, but the policies of this administration continue to stifle growth and hold back American businesses and workers,” House Minority Leader Kevin McCarthy said in a statement.Read More
The Producer Price Index (PPI), which measures inflation at the wholesale level, soared 9.6% year-over-year as of November, growing at the fastest rate ever measured, the U.S. Bureau of Labor Statistics (BLS) announced Tuesday.
BLS reported that the PPI, which measures inflation before it hits consumers, grew 0.8% in November. As of October, the measure grew just 8.6% on a year-over-year basis and just 0.6% in that month alone, meaning wholesale prices grew more and to a worse yearly figure in November than they did in October.
Economists projected a year-over-year increase of the core PPI, which excludes food and energy prices, to be 7.2% year-over-year and a 0.4% increase from October, according to CNBC. Demand for goods was the biggest driver for the surge in producer prices, increasing 1.2% in November, slightly down from October’s 1.3% figure. Final demand services inflation increased 0.7% in November, much faster than October’s 0.2%.Read More
The Producer Price Index (PPI), which measures inflation at the wholesale level, rose 8.6% year-over-year as of October, growing at a record rate for a second straight month, the U.S. Bureau of Labor Statistics (BLS) announced Thursday.
BLS reported Thursday that the PPI, which measures inflation before it hits consumers, grew 0.6% in October, in line with Dow Jones estimates, highlighting that inflationary pressure is still strong.
Over 60% of the month-over-month increase in producer prices resulted from a 1.2% spike in the price of goods rather than services, BLS reported. Goods prices rose 1.2% in October compared to a 0.2% increase in the cost of services.Read More
The U..S. economy recorded an increase of 531,000 jobs in October, and unemployment fell by 0.2% as the labor market recovers from the summer lows, according to the U.S. Bureau of Labor Statistics (BLS).
The number of unemployed people fell to 7.4 million, down from 7.7 million in September, according to the BLS report released Friday. Economists surveyed by Dow Jones projected 450,000 jobs would be added in October.
While unemployment claims continue to fall, the country still struggles with labor shortages, supply chain issues and growing inflation. Job growth was widespread throughout the economy in October, with leisure and hospitality adding 164,000 jobs, professional and business adding 100,000 and manufacturing adding 60,000 jobs, according to the BLS report.Read More
As Americans gather today to relax and enjoy Labor Day with their family and friends, it is a good time to reflect on what this traditional holiday means to working Americans in the 21st century.
The legislation which made Labor Day a national holiday was signed into law by President Grover Cleveland in 1894. It was created during a time of rapid industrialization and economic growth, as much of the United States shifted from an agricultural to industrial economy. This period of change created many challenges for working Americans as they had to learn new skills and work long hours.
The past year-and-a-half has also presented many challenges and changes for working Americans. The threat of a global pandemic reshaped work in ways we could not have imagined even a few years ago.Read More
Republicans have argued for months that federal unemployment benefits are keeping Americans from going back to work, and a new survey seems to support that claim.
The survey from Morning Consult released Wednesday found that 1.8 million Americans have turned down jobs even though they were unemployed saying, “I receive enough unemployment benefits without having to work.”Read More
Red states are leading economic growth in the U.S., a new report by the U. S. Commerce Department shows, with South Dakota, Texas and Utah reporting the highest growth.
The report is based on 2020 fourth quarter gross domestic product (GDP) data and February 2021 unemployment rates.
Real GDP increased in all 50 states and the District of Columbia in the fourth quarter of 2020. Real GDP for the U.S. as a whole increased at an annual rate of 4.3%. The percent change in real GDP in the fourth quarter ranged from 9.9% in South Dakota to 1.2% in the District of Columbia.Read More