According to Jerome Powell, the Federal Reserve Chairman, the relationship between the unemployment rate and inflation no longer exists. “The relationship between the slack in the economy or unemployment and inflation was a strong one 50 years ago … and has gone away,” Powell said during a testimony before the Senate Banking Committee. 2019 has
The unemployment rate is a key economic indicator. Generally, when the unemployment rate drops, consumers and investors spend more money. The US labor force is made up of more than 160 million individuals, which makes it too difficult to calculate unemployment by tracking every individual looking for a job. Additionally, tracking the unemployment rate by
U.S. Senators Chris Van Hollen of Maryland and Ron Wyden of Oregon have introduced the Long-Term Unemployment Elimination Act. This act would create an innovate federal program to generate job opportunities for individuals who have been unemployment for more than six months. So far in 2019, the number of long-term unemployed individuals has stayed between
For the second year in a row, Pamela Drake from Employers Edge has been selected for the 2019 Outstanding Chapter Achievement Award from the American Society for Healthcare Human Resource Administration (ASHHRA). The purpose of the Outstanding Chapter Achievement Award is to recognize HR professionals nominated by ASHHRA affiliated chapters whose significant contributions advance the
The unemployment rate in the Lone Star State has hit the lowest point since the Bureau of Labor Statistics began tracking it in 1976. The unemployment rate in May of 2019 was 3.5%, dropping from 3.7% in April. 19,600 non-farm jobs were added in May, 8,100 of which were professional and business services. The Midland metro
According to the Computing Technology Industry Association (CompTIA), the unemployment rate for workers in technology occupations in the United States has fallen to 1.3%. This is the lowest point in the last 20 years – since January 2000. It was estimated that 5,800 new hires were added to the technology workforce in May. CompTIA mentions
The Bureau of Labor Statistics has released an interactive map with the functionality to view unemployment rate changes by state, county and metro area. You can view 1 and 12 month net rate change by month and year. The tool also offers the ability to view county and metro area data by selecting a state,
Louisiana’s unemployment trust fund has reached its highest level since 2009. Currently, the balance is $1.07 Billion. The trust fund not only pays for unemployment benefits, but also the Incumbent Worker Training Program (IWTP) that helps employers train their existing workers. Since July 1, 2018, almost $20 million in IWTP contracts has trained over 53,000
May 12th-18th is National Hospital Week, and Employers Edge would like to take this time to thank everyone in the health care field for their service. According to the American Hospital Association “National Hospital Week 2019 celebrates hope and healing, and the hospitals, health systems, and the women and men who support the health and