In July of 2019, Alaska had the highest unemployment rate out of all 50 states at 6.3% despite being the lowest rate on record that the state has ever experienced. Additionally, California reached a record low unemployment rate of 4.1% in July of 2019 as well. California’s historic high was in November of 2010 at
The National Labor Relations Board has decided under the NLRA (National Labor Relations ACT) that Employers are not prohibited from informing employees that failing or refusing to sign a mandatory arbitration agreement will result in their discharge. The decision follows a Supreme Court ruling on Epic Systems v. Lewis. The National Labor Relations Board also
The White House’s Office of Management and Budget is reviewing a rule for the United States Department of Labor that would allow states to require drug tests for certain workers to receive unemployment benefits. The rule would let states drug test claimants who work for companies that require applicants to pass drug tests. Currently, states
New research conducted by The University of Minnesota and published in the Journal of Applied Psychology has researched the perception of unemployment benefits and their effect upon the job search, mental health and reemployment of individuals. Three countries were examined with different levels of unemployment benefits. In order from least generous to most generous, they
An Economics Daily report published by the United States Department of Labor shows 1.5 million individuals marginally attached to the labor force in July of 2019, which is almost unchanged from the previous year. Marginally attached individuals differ from unemployed individuals because they had not actively searched for work in the 4 weeks preceding the
The Bureau of Labor Statistics has released a comparison of 389 Metropolitan areas and their unemployment rates in an interactive map. There are 4 different unemployment rate tiers that you can toggle on and off when viewing the map. When hovering over a specific metro area, the label with the current unemployment rate will appear.
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