State:
Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
April 21, 2000
Unemployment Hits 27 Year Low - Pressure on Hiring Continues
If
For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!
you have been looking for some good news about your hard to fill jobs, this won't be your week. The government has just released unemployment figures, which show a 27-year low for unemployment claims. In the week ending April 15, the advance figure for seasonally adjusted initial claims was 257,000, a decrease of 9,000 from the previous week's revised figure of 266,000. Initial claims are now at the lowest level since Dec. 1, 1973, when claims were at 256,000.

The 4-week moving average was 262,500, a decrease of 1,500 from the previous week's revised average of 264,000. That is the lowest figure since Dec. 15, 1973, when claims stood at 256,750

The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending April 8, unchanged from the prior week's unrevised rate of 1.6 percent. The advance unadjusted insured unemployment rate was 1.7 percent during the week ending April 8, also unchanged from the prior week.

States in the news

North Carolina, Delaware, Maine and Oklahoma were the states showing big decreases in unemployment claims, whereas Texas showed the biggest increase (attributed to layoffs in the lumber industry).

To view the DOL's unemployment figures go to: http://www.dol.gov/dol/opa/public/media/press/eta/ui/eta2000112.htm

Featured Free Resource:
Cost Per Hire Calculator
   
   
 
 
Twitter  Facebook  Linked In
Follow Us
CT-WEB02
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on http://Compensation.BLR.com
Document URL: http://compensation.blr.com/Compensation-news/Staffing-Training/Staffing-Recruiting/Unemployment-Hits-27-Year-Low-Pressure-on-Hiring-C/