After months’ of constant fall and to being the lowest in years since the recession in May 2008, the unemployment rate rose by 0.2 percentage points to clock 4.9 percent during June 2016. The economy added 287K jobs led by Leisure and Hospitality followed and Healthcare. At the end of this month, the number of unemployed persons in the country was 7.8 million. Let’s go ahead and explore key statistics … Read more
Unemployment rate in majority of the US states has gone up in the month of June. The National unemployment rate remains constant at 7.6 percent in may and june. Employers have added 195,000 jobs in the previous month. But there is a sudden increase in jobless rate in the states. The Labor Department said that unemployment rates rose in 347 large metro areas in June compared to the previous month. … Read more
Many Maryland businesses will get their jobless insurance rates fall by more than half next year, as the state’s trust fund for the payments has a much stronger balance related to last year, state officials declared on October 15th. According to Gov. Martin O’Malley the tax rate will fall by no less than $100 annually per employee for many businesses from around $187 for each employee this year. At a … Read more
Student loan forgiveness is a popular topic of conversation and media coverage – especially with student loan payments put on hold during the height of the COVID-19 pandemic. The moratorium is scheduled to expire on Aug. 31, 2022, and student loan payments will resume. What Is Student Loan Forgiveness? When it comes to currently outstanding federal student loans, loan forgiveness is exactly what it sounds like: it’s the federal government … Read more
The Bureau of Labor Statistics(BLR), U.S Department of Labor on July 21, 2015 unveiled its monthly News Release titled REGIONAL AND STATE EMPLOYMENT AND UNEMPLOYMENT — June 2015 which provides in depth statistics on regional and state wise unemployment data, decoding the performance of various geographies within the US. We, at www.unemploymentcalculator.org have been bringing exclusive snippets of this release every month in a presentable manner. Let us take a sneak … Read more
“The national jobless rates and stats remain stable, with little variation”. The BLS (bureau of labor statistics) broad based report on “REGIONAL AND STATE EMPLOYMENT AND UNEMPLOYMENT —JUNE 2013” is out. The national unemployment rates for June 2013 are the same as May 2013, glued at 7. 6 %, down 0.6 compared to June 2012. In June 2013, nonfarm payroll employment increased in 37 states, decreased in 12 states and … Read more
The miseries of high unemployment rate in North Carolinians gets worse with severe cuts in federally sponsored Emergency Unemployment Compensation (EUC). The state’s unemployment rate remains unchanged at 8.8 percent as per the reports released for the month of June by the Bureau of Labor Statistics, making it one of the top five states in the country. EUC is a federal extension that provides additional weeks of unemployment benefits after you … Read more
Bankruptcy is for losers, right? Wrong. In fact (harsh as it may sound) it might be more accurate to say that those who don’t file for bankruptcy are the losers. Not because they’re bad people, but because they can’t win against interest. The sad truth is that if you borrow more than you can pay back, you will be buried under interest payments. What bankruptcy really does is provide you … Read more
Who has the most debt? Different generations have unique ways of handling money when it comes to personal finance and consumer borrowing. According to credit rating bureau Experian, the average consumer is carrying a burdensome load of $96,371 in debt. Consumer debts increased 5.4% in 2021, which is more than double the amount it increased the year before. Numbers like these seem to bode poorly in terms of personal finance … Read more
Consumer debt reached a whopping all time high record of $15.84 trillion in the first quarter of 2022, climbing 1.7%. The most significant portion of this debt – $11.18 trillion, to be exact – is mortgage debt, which climbed 10% during the first quarter. But other types of consumer debt are slices of the proverbial debt pie, including student loans, auto loans, and credit card debt. Financial pundits looking back … Read more