There are currently 5. The weekly national unemployment rate is at 1. The new number of claims increased by 7, to , The four-week moving average increased by 4, to , Insured unemployment increased by 36, to 1. US economy added , jobs in November of The new number of claims increased by 28, to , The four-week moving average decreased by 12, to , Insured unemployment decreased by , to 2. US economy added , jobs in October of There are currently 6.
The new number of claims decreased by 14, to , - the lowest level since March The four-week moving average decreased up by 15, to , For those who were not certifying for federal extension benefits due to going back to work, school or other situation but still had a remaining balance left on a federal extension claim, they have to reopen their claim if they are in need of extended benefits. The EDD recommends submitting a claims online to reopen their extension claims. The unemployment rate decreased by The number of long-term unemployed decreased to 2.
Long-term represent The unemployment rate in January decreased for long-, mid- and short-term unemployed categories. The Real National Unemployment Rate decreased and is currently at 7. This rate is 0. Employment Metrics Most of the employment metrics have improved since November Fed are considering to increase interest rates in The US Prime Rate remains unchanged at 3.
Economists are currently unable to identify possible causes of the upcoming economic recession. Labor Force Participation Rate in January of improved to Also, manufacturing jobs are slowly falling out of favor, and manufacturers in many regions find it increasingly difficult to attract employees. Job growth in Manufacturing slowed down and stagnated since mid In-Focus Retail industry lost , and Wholesale , jobs since December of Instead, the funding and employment opportunities keep on moving directly to China, India, Canada, and even Australia.
China has announced a plan to dominate the AI industry by Outsourcing of High-Tech jobs destroys any hopes for US middle-class upward mobility. The long-term unemployed 1,, down by , in December - out of work for 27 consecutive weeks or longer.
Despite the full employment in many states, this group finds it extremely challenging to get employment, as employers perceive their skills as outdated. Teenagers years old are still the most impacted by job losses population group with the highest unemployment rate of Over the past year, the number of long-term unemployed declined by , and represents Regretfully, many of these individuals ran out of benefits and consequently reclassified as not in labor force and get gradually replaced by those in the mid-term group.
The number of not in labor force decreased by 24, in the past 12 months. In a related report by The Inquisitr , as the number of jobless effected by this situation passed the three million mark a new White House petition asks President Obama to call John Boehner about unemployment insurance.
Now Senators Dean Heller and Jack Reed are working on a new unemployment extension bill for the Senate but they're also claiming that it's politically impossible to provide retroactive benefits. Reports claim that the group most effected by the lack of an unemployment extension bill is the extreme long term unemployed since it's claimed people in that demographic are having a much more difficult time finding jobs in comparison to the short term unemployed.
For example, according to the AARP, unemployed individuals 55 and over have been out of work for nearly a year. But even among our readers at The Inquisitr I have noticed some believe that those who reached the 99 weeks maximum of the original unemployment extension should not be given further unemployment benefits.
There seems to be a belief that the 99 weeks group is largely comprised of rich people in the one percent income group. But if there are long term unemployed statistics to support this belief, I have not seen them yet. Please help us make GovTrack better address the needs of educators by joining our advisory group. Would you like to join our advisory group to work with us on the future of GovTrack? Now what? Join 10 million other Americans using GovTrack to learn about and contact your representative and senators and track what Congress is doing each day.
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Patrick Frye. Regardless of the details, LoBiondo believes that both political parties should work together to come up with a plan that will pass all the way through Congress: "Their stories have motivated my countless conversations with House leadership and concerned colleagues hoping to bridge this divide. I see no reason why a bipartisan solution cannot be found that provides a critical lifeline to those in need without adding to the deficit.
We introduced this with four Democrats and four Republicans. The goal is this: Let's not make this a partisan political question That's really the most significant thing.
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