September 11, 2013
BBC Business News
http://www.bbc.co.uk/news/business-24045546
Summary: In the past months from May to July, the rate of unemployment in the UK has dropped to 7.8% between from
7.7%. The number of people unemployed fell to 2.487 million, which is an increase of 24,000 jobs compared to last month. The official figures also show that the number
of people claiming Jobseeker's Allowance fell 32,600 to 1.402 million, its
lowest level since February 2009. However, the number of people working part-time because they cannot find a
full-time job rose to 1.45 million, the highest since records began in 1992 and
double the number of five years ago.
Almost 33% of the men working part-time were part-time because they could obviously not
find full-time employment. The part time employment figure for women was 13.5%. Mr. Carney, who is the governor of the Bank of England, said he expected the unemployment rate to fall to 7% within the next three years. The rates are at a steady decline similar to that of the United States' rates.
Opinion: (Jobseeker Allowance was mentioned above and if you are unsure what that is, it is basically a payment of 56.80 Pounds that is given to someone over 18 that is looking for a job.) The unemployment rates in the United Kingdom are not that much different from that of the United States. If you were to travel to the northeast part of England, you would notice that they have high rates of unemployment about 10.4% just like certain cities in America, while the southeast have the lowest rates at 5.8%. While the United States has a slightly lower rate of about 7.3%, it is easy to say that compared to England, the US isn't all that different as far as job unemployment goes.
Tuesday, October 8, 2013
Tuesday, October 1, 2013
Labor Force Statistics from the Current Population Survey - BLS
October 1, 2013
BLS
http://data.bls.gov/timeseries/LNS14000000
Summary:
These graphs were obtained from the Bureau of Labor Statistics, and contain all of the unemployment rates of the United States for every month since the beginning of 2003.
Opinion:
Just by looking at the information that accompanies the graph, you can notice that for the past couple years, the nation has been hovering around 9.0 consistently. In 2012, the data shows that the national unemployment rates dropped from around 9.0 to about 8.2, and then continue to drop toward 7.9. Eventually the rates dropped to the 7.5 average. The rate has continually been going down and if it keeps it up, we could hopefully be back to at least the 6 percent range.
BLS
http://data.bls.gov/timeseries/LNS14000000
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2003 | 5.8 | 5.9 | 5.9 | 6.0 | 6.1 | 6.3 | 6.2 | 6.1 | 6.1 | 6.0 | 5.8 | 5.7 |
| 2004 | 5.7 | 5.6 | 5.8 | 5.6 | 5.6 | 5.6 | 5.5 | 5.4 | 5.4 | 5.5 | 5.4 | 5.4 |
| 2005 | 5.3 | 5.4 | 5.2 | 5.2 | 5.1 | 5.0 | 5.0 | 4.9 | 5.0 | 5.0 | 5.0 | 4.9 |
| 2006 | 4.7 | 4.8 | 4.7 | 4.7 | 4.6 | 4.6 | 4.7 | 4.7 | 4.5 | 4.4 | 4.5 | 4.4 |
| 2007 | 4.6 | 4.5 | 4.4 | 4.5 | 4.4 | 4.6 | 4.7 | 4.6 | 4.7 | 4.7 | 4.7 | 5.0 |
| 2008 | 5.0 | 4.9 | 5.1 | 5.0 | 5.4 | 5.6 | 5.8 | 6.1 | 6.1 | 6.5 | 6.8 | 7.3 |
| 2009 | 7.8 | 8.3 | 8.7 | 9.0 | 9.4 | 9.5 | 9.5 | 9.6 | 9.8 | 10.0 | 9.9 | 9.9 |
| 2010 | 9.8 | 9.8 | 9.9 | 9.9 | 9.6 | 9.4 | 9.5 | 9.5 | 9.5 | 9.5 | 9.8 | 9.3 |
| 2011 | 9.1 | 9.0 | 8.9 | 9.0 | 9.0 | 9.1 | 9.0 | 9.0 | 9.0 | 8.9 | 8.6 | 8.5 |
| 2012 | 8.3 | 8.3 | 8.2 | 8.1 | 8.2 | 8.2 | 8.2 | 8.1 | 7.8 | 7.9 | 7.8 | 7.8 |
| 2013 | 7.9 | 7.7 | 7.6 | 7.5 | 7.6 | 7.6 | 7.4 | 7.3 |
Summary:
These graphs were obtained from the Bureau of Labor Statistics, and contain all of the unemployment rates of the United States for every month since the beginning of 2003.
Opinion:
Just by looking at the information that accompanies the graph, you can notice that for the past couple years, the nation has been hovering around 9.0 consistently. In 2012, the data shows that the national unemployment rates dropped from around 9.0 to about 8.2, and then continue to drop toward 7.9. Eventually the rates dropped to the 7.5 average. The rate has continually been going down and if it keeps it up, we could hopefully be back to at least the 6 percent range.
Chicago unemployment climbs to 10.3% - Chicago Tribune
July 26, 2013
Samantha Bomkamp
http://articles.chicagotribune.com/2013-07-26/business/chi-chicago-unemployment-20130726_1_unemployment-rate-ides-director-jay-rowell-chicago-joliet-Naperville
Summary:
Three quarters of the metro areas in Illinois had a huge decline in unemployment in the past month, with the best decreases in Metro East, Lake County, Rockford and Champaign-Urbana. However, the state also had a few major areas experience large increases in unemployment too. These areas include Decatur, Danville, Peoria and Chicago-Joliet-Naperville. One area that has been in the spotlight for a while has been the city of Chicago. Recently Chicago's unemployment rates rose 0.7 percentage points to 10.3 percent. Practically one in ten people are jobless. Illinois has a consistently higher unemployment rate than the nationwide rate. Here is a chart to show the rates of Illinois compared to the city of Chicago itself, and the national rate.
Opinion:
Taking a look at the data on the chart, it is easily noticed that the unemployment rate of Chicago (red) is significantly greater than that of the national rate (blue). Chicago is one of the many cities that may fall onto a path similar to Detroit, a city which has declared bankruptcy. These high unemployment rates make Illinois (orange) one of the worst unemployment rated states in the country (Nevada is first with 9.5 percent).
Samantha Bomkamp
http://articles.chicagotribune.com/2013-07-26/business/chi-chicago-unemployment-20130726_1_unemployment-rate-ides-director-jay-rowell-chicago-joliet-Naperville
Summary:
Three quarters of the metro areas in Illinois had a huge decline in unemployment in the past month, with the best decreases in Metro East, Lake County, Rockford and Champaign-Urbana. However, the state also had a few major areas experience large increases in unemployment too. These areas include Decatur, Danville, Peoria and Chicago-Joliet-Naperville. One area that has been in the spotlight for a while has been the city of Chicago. Recently Chicago's unemployment rates rose 0.7 percentage points to 10.3 percent. Practically one in ten people are jobless. Illinois has a consistently higher unemployment rate than the nationwide rate. Here is a chart to show the rates of Illinois compared to the city of Chicago itself, and the national rate.
Taking a look at the data on the chart, it is easily noticed that the unemployment rate of Chicago (red) is significantly greater than that of the national rate (blue). Chicago is one of the many cities that may fall onto a path similar to Detroit, a city which has declared bankruptcy. These high unemployment rates make Illinois (orange) one of the worst unemployment rated states in the country (Nevada is first with 9.5 percent).
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