Employers all across the country are keeping an eye on the unemployment rate and job growth, as many have experienced a lack of skilled labor and rising costs associated with unemployment insurance.

Thankfully, there is good news to be had. Recent reports from the U.S. Department of Labor and the Bureau of Labor Statistics indicate positive gains in all of these segments, highlighting an improved employment situation for much of the U.S. For you, this could mean a rise in the amount of available workers and more favorable business conditions for growth and success.

Jobs, unemployment head in opposite directions
According to a news release by the Bureau of Labor Statistics, the nation experienced comprehensive job growth last month, as well as more improved conditions for the country’s employers and out-of-work citizens.

In April, total nonfarm payroll employment increased by 288,000, BLS reported. Growth was felt in many sectors, including professional and business services, retail, food services and construction. In addition to these gains, the national unemployment rate dropped to 6.3 percent for the month, with a decrease of 733,000 unemployed persons. This is contrary to the few improvements experienced over the prior four months.

Even with the gains, U.S. secretary of labor Thomas Perez said in a statement that more work remains to continue these positive trends.

“I’m encouraged by this report, but we can’t let one month of strong numbers diminish our sense of urgency or distract us from helping people who are still hurting,” Perez noted. “I meet too many working families who are barely getting by, let alone getting ahead. Their hard work and responsibility aren’t being rewarded with the opportunity they deserve.”

Unemployment insurance claims decline
Across the country, it appears that employers have been dealing with slightly more unemployment insurance claims. According to the Department of Labor, the end of April experienced an increase in the number of initial claims.

For the week ending April 26, the advance figure for seasonally adjusted initial claims reached 344,000, up 14,000 from the week prior, the DOL reported. The four-week moving average was at 320,000, up 3,000 from the previous week’s total. In addition, the advance seasonally adjusted insured unemployment rate was 2.1 percent for the week ending April 19, nearly unchanged from the week before.

At Corporate Cost Control, we work closely with employers across the country to better manage the nuances of unemployment insurance. Legislation changes on the state level could impact you today, and we welcome any questions or concerns you may have on a wide range of topics.


Contact CCC to see how we can save your organization time and money.
Contact our Sales Team
(800) 207-6926

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