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Initial Unemployment Claims Up 17,000 from Estimates

By Donald Sears ⋅ October 1, 2009 ⋅ Post a comment

New unemployment claims rose to 551,000 this week, up 17,000 from the previous week, the U.S. Department of Labor reported.
Continuing unemployment claims declined 70,000 from last week, to 6.1 million.
Job losses are diminishing in the private sector, says a payroll report released this week by ADP.
Tomorrow, the government will release its monthly non-farm payroll report. [...]

Weekly Unemployment Numbers Down

By Donald Sears ⋅ September 24, 2009 ⋅ Post a comment

The Department of Labor report jobless claims were down last week, as was the four-week moving average.
“In the week ending Sept. 19, the advance figure for seasonally adjusted initial claims was 530,000, a decrease of 21,000 from the previous week’s revised figure of 551,000. The four-week moving average was 553,500, a decrease [...]

Jobless Claims Fall, but Are We Really Out of the Recession?

By Donald Sears ⋅ September 11, 2009 ⋅ Post a comment

For the week ending Sept. 5 , new unemployment claims declined 26,000 to 555,000, according to the Department of Labor.
Does that mean the recession is ending? Unemployment is stabilizing?
One week of unemployment numbers doesn’t make or break an economy, but unemployment as an economic indicator may be showing some signs of stabilization. Maybe. However, many [...]

How Volunteer Work Can Help You While Unemployed

By Donald Sears ⋅ September 8, 2009 ⋅ 2 comments

Ever wonder who those people are asking for the support of a local candidate? Lately, many of those volunteer campaigners are former lawyers, financial analysts, loan officers and other unemployed professionals, says a recent New York Times article.
The volume of people offering to volunteer has gone up, particularly in New York City where unemployment was [...]

August Unemployment Numbers and Jobless Recovery

By Donald Sears ⋅ September 4, 2009 ⋅ Post a comment

As we follow the weekly economic indicators pretty closely, it’s getting clearer that the overall health of the U.S. economy has hit a bottom of sorts and  is slowly healing, but what that means in terms of the larger employment picture challenges experts, pundits and economists alike.
Labor costs have shrunk for most companies between a [...]

Weekly Unemployment Numbers Better than Expected

By Donald Sears ⋅ August 28, 2009 ⋅ One comment

In this week’s melodrama of the economy, unemployment is–brace for it–down.
That’s right, less people lost their jobs last week. Yee-haw! Sweet Labor! Go, Economy, Go!
If you like to follow the minute iterations of government data on employment, here goes (from the Dept. of Labor):
In the week ending Aug. 22, the advance figure for [...]

Would You Work at a Job for No Pay?

By Donald Sears ⋅ August 28, 2009 ⋅ Post a comment

How do you stay actively working while unemployed? Some are working for free or volunteering.
Maybe not full-time free, but for no cash. Why would someone do that?
“[I]t’s nice to have something occupy yourself with and when speaking to prospective employers it’s nice to say ‘I haven’t just been sitting around all day, I’ve actually been [...]

Outplacement Services Firms Accused of Neglecting the Unemployed

By Donald Sears ⋅ August 25, 2009 ⋅ 2 comments

The recession is making someone money.
Outplacement service firms – companies that provide job placement services like career coaching, office space and mock interview sessions for the unemployed are thriving, according to a new report from in the Wall Street Journal. No surprise there. But outplacement service firms are not always serving their constituency – the [...]

Most Companies Won’t Hire Michael Vick, Convicted Felons

By Donald Sears ⋅ August 18, 2009 ⋅ One comment

If you hadn’t heard,  Michael Vick has a new job as a back-up quarterback for the Philadelphia Eagles.
But what you may not know is how lucky Vick is when it comes to getting work as a convicted felon. It certainly doesn’t hurt being an elite athlete.
Most people who serve 18 months in jail after running [...]

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