Shocked by Unemployment Report Last Friday, the U.S. Bureau of Labor Statistics released their May Employment Situation Summary. Leading up to the release, most experts predicted the unemployment rate would jump up to approximately 20% from the 14.7% rate announced last month. The experts were shocked. The Wall Street Journal put it this way: “The May U.S. jobless rate fell to 13.3% and employers added 2.5 million jobs, blowing Wall Street expectations out of the water: Economists had forecast a loss of 8.3 million jobs and a 19.5% unemployment rate.” More Shocks With may Gain In … Continue reading...

Unemployment Statistics Coming Tomorrow morning the Bureau of Labor Statistics will release the latest Employment Situation Summary, which will include the most current unemployment rate. It will be a horrific number. Many analysts believe unemployment could be greater than 20%. These numbers represent families across the nation, including here in Roseville and the Greater Sacramento Valley area, that are not sure when (or if) they will return to work. The emotional impact on these households is devastating. Rays of Light on the Unemployment Situation There are, however, some small rays … Continue reading...