The Labor Department reported that in September, 25 states reported a drop in the unemployment rate while 14 reported an increase and 11 stayed the same. They also said that the employers added almost twice as many jobs in September than in August. The number of people that applied for unemployment benefits in September is the lowest number in six months. These are encouraging signs that the economy could be improving and could be the start of the United States heading in the right direction for the millions of people out of work.

Before we start celebrating, we must look at the whole picture and see what the complete set of facts are really telling us. The reports state that 103,000 jobs were created in September, but 45,000 of those jobs were the Verizon workers who went back to work after their strike was over. These are hardly new jobs that were created. The actual figure is 68,000 jobs created. The unemployment rate stayed unchanged at 9.1% but would have been much higher if the strikers did not go back to work. The number of layoffs may have slowed down, but the number of people going back to work is not improving fast enough to bring the unemployment rate down. When people stop collecting unemployment benefits, they are no longer counted as being unemployed, no matter whether they find a job or not.

The bottom line is that the unemployment rate is still stuck at 9.1%. Several chains including Toys R Us have stated that they plan to hire fewer seasonal workers this Christmas than in years past. Several retail sources have told me that they expect Christmas spending to be slightly off this season and some aggressive sales will have to be implemented to try and meet last years numbers.

It is easy to pick certain statistics and use it to spin a story ant way you want. The media is good at this, and has always done this in the past. The economy is still stuck in a weak and stagnant position. A huge group of striking workers may not go back to work in October to help skew the numbers again. One sliver of good news does not change the whole picture.

A lot of statistics have been revealed during this time by the US Government. This led to the worry about long recession and high pace to hire. The official unemeployment rate of the city was also an indicator. A lot of issues and consequences were put forward by the Labor Department at the same time.

NY State Unemployment Benefits and Compensation. In order to know about the benefits and compensation, you are recommended to visit the enclosed link. The article exhibits the detailed and ordered information regarding the same. The requirements are orderly listed and you can have a look at those so that you can check whether you are eligible for the unemployment compensation or not. 

If you would like to know Government’s Point of view and approach towards the Unemployment, then you may visit their homepage URL as given below.

www.labor.state.ny.us/ui/ui_index.shtm

An employer who normally hires 20 employees can hire up to 40 associates, but only allow a 4-day or 3-day workweek. This will allow more people to work, more leisure time, a more productive workforce and a less stressful society.

The economists, accountants, production and financial managers business owners and the Department of Labor, will have to figure out a minimum wage to sustain such a system.

Speed of light technologies have taken up a permanent space in our lives. We must adjust and change with the times.