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Money

The www.FedPrimeRate.com Personal Finance Blog and Magazine

Wednesday, November 27, 2024

New Unemployment Insurance Claims for The Week of November 23, 2024

 

Jobless Claims
Jobless Claims


Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on November 23, 2024:

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Predicted: 213,000

  • Actual: 213,000
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The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

  • Previous Week (revised): 215,000
  • 4-Week Moving Average: 217,000

====================

From Today's Report:

"...The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending November 16, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 16 was 1,907,000, an increase of 9,000 from the previous week's revised level. This is the highest level for insured unemployment since November 13, 2021 when it was 1,974,000. The previous week's level was revised down by 10,000 from 1,908,000 to 1,898,000.

The 4-week moving average was 1,890,250, an increase of 13,500 from the previous week's revised average. This is the highest level for this average since November 27, 2021 when it was 1,928,000. The previous week's average was revised down by 2,500 from 1,879,250 to 1,876,750..."

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Friday, March 08, 2024

New Unemployment Insurance Claims for The Week of March 2, 2024

Jobless Claims
Jobless Claims


Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on March 2, 2024:

====================

Predicted: 215,000

  • Actual: 217,000
====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

  • Previous Week (revised): 217,000
  • 4-Week Moving Average: 212,250

====================

From Today's Report:

"...The advance seasonally adjusted insured unemployment rate was 1.3% for the week ending February 24, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending February 24 was 1,906,000, an increase of 8,000 from the previous week's revised level. The previous week's level was revised down by 7,000 from 1,905,000 to 1,898,000.

The 4-week moving average was 1,888,250, an increase of 10,250 from the previous week's revised average. This is the highest level for this average since December 11, 2021 when it was 1,888,250. The previous week's average was revised down by 1,750 from 1,879,750 to 1,878,000..."

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Monday, April 11, 2022

My Job Interview at The New York Public Library

The New York Public Library (NYPL)
The New York
Public Library

Back in 1999, I interviewed for a tech support job at the New York Public Library (NYPL.) I showed up looking very smart: new suit from Macy's, a fresh haircut and a laminated resume.

The lady who interviewed me was Caucasian, probably in her late 20s or early 30s, and attractive in a "girl next door" kinda' way.

Interview questions: I was perfectly ready for anything and everything, from the obvious and valid to the unethical and incredibly annoying (Unethical as in questions about your current employers operations.  They want to steal as many good ideas as they can... And MAYBE hire you.)

So, as soon as I sat down, I was met with that look.

You see, I'm a person of color, with very dark skin.

Fear!
Fear!
Anybody who looks like me knows this look.  It's that "deer in the headlights" look, except it's from human eyes. It's that look that says, "I'm scared of you, and I just can't help it."  It's the kind of look we colored men get just before a fearful woman pulls her purse in closer to her body, because she automatically thinks that we may snatch it and run.

I thought she would catch herself, and the look would stop. But this was just silly, wishful thinking. It didn't stop. It was locked in.

So I got up, thanked her for her time, and left.

For me, this episode was exceptionally disappointing, considering that the NYPL is one of America's greatest fonts of free learning.  

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Monday, July 20, 2020

Fast Gaining Jobs In The Wake of COVID-19

From the exceptional folks at LinkedIn: Fast Gaining Jobs In The Wake of COVID-19:

Fast Gaining Jobs In The Wake of COVID-19
Fast Gaining Jobs In The Wake of COVID-19


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Monday, February 16, 2009

Sometimes Giving Up a Career to be a Stay-at-Home Mom is the Right Choice

giving up a career to be a stay-at-home momWe all know (or we should, anyway) that mothers work harder than almost anyone. Whether they stay at home, or they hold down a job outside the home, women often shoulder much of the responsibility for caring for children. Most mothers work for pay, and they spend a lot of time juggling their careers, and the needs of their families. That's why a lot of women are "opting out" of trying to have a family and a full-time job, and choosing to stay home with their children full time. Let me tell you about a friend of mine, who gave up running a successful business to be an at-home parent. Did she know what she was giving up? That's hard to say.

Her name is April, and I've known her since the ninth grade. Even back then, she had an entrepreneurial spirit. She was always the one raking lawns or walking the neighbor's dog to pick up a little spending money. She always told me that her ambition was to run her own dog-grooming business, because she loved dogs. After we graduated, we lost touch for a few years. I recently got into contact with her again, and what she had to say surprised me.

She told me that she'd gone to Florida Atlantic University and gotten a two-year degree in business management. All in all, she spent about $12,000 to get that degree, broken down like this:

  • $7,000 on tuition

  • $1,000 on books and study materials

  • $2,000 on child care so that she could attend evening classes

  • $2,000 on other miscellaneous expenses (gas, school supplies, etc.)

It was tough for her and her family during that time. Her husband couldn't help with the children in the evenings, because his job required him to work 14-hour shifts. So, she did the job of both parents, all while working a full-time job and going to school. She worked really hard though, and ended up getting an associate's degree.

She started her business, grooming and boarding dogs and cats. She was quite successful at it, building a loyal customer base who wouldn't take their pets to anyone but her. But, the 12-hour days took their toll. She told me that she just got tired of working her fingers to the bone every day, with rarely a day off, and then having to go home and work a full day there, too. She discussed it with her husband, and they decided together that the constant worry and stress weren't worth it, and that she'd sell the business and become a stay-at-home mom.

April, and women like her, give up a lot when they decide to stay home and take care of their families full-time. In her book The Feminine Mistake, author Leslie Bennetts states that:

  • A woman who stays out of the paid work force for three years will lose at least 37% of her earning power.

  • This book also tells us that elderly women are more than twice as likely as elderly men to live in poverty.
Contrary to what people may think, marriage isn't a lifelong paycheck for the stay-at-home wife. With more than half of marriages ending in divorce, women give up their permanent financial security when they decide to leave the working world.

According to the book Leaving Women Behind: Modern Families, Outdated Laws by Kimberly Strassel, tax laws, labor laws, and employee benefit laws work against women who are trying to balance a career with raising a family. She says the laws are designed for couples where one is a primary wage-earner and one is a stay-at-home spouse, and that these laws punish any other kind of arrangement. Some would like to work a 25 or 30-hour week, allowing them to spend more time with their families, and these rigid laws make that tough for those who depend on their employer's health insurance coverage, pension plan, and other benefits.With all the things working against them, it's no wonder that many overwhelmed, overworked, and underpaid women decide to remove themselves from the rat race completely.

April has been a stay-at-home mom for three years now, and she couldn't be happier. She tells me that when her children are both in school, she'll look into getting a part time job, or finding work that she can do from home. As she and I are in the same situation, I'm curious to see how well she fares, and I wish her all the best.

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