Lowest Unemployment in Decades

Jul 05, 2019

Job figures continued to rise in April, officially bringing unemployment to its lowest in 50 years—3.6%, according to the Bureau of Labor Statistics (BLS).

Primary job gains occurred in the health and business services sectors, with respectable growth in construction as well.

With over 150,000 jobs being added each month, on average, employment growth shows no signs of slowing down.

However, despite this upward trend, experts caution to expect more modest job creation over the next few months.

Growth by the Numbers

Unemployment fell across all categories tracked by the BLS. Notably, unemployment rates for women and Hispanics dropped to record lows for the first time since 1953 and 1973, respectively.

But not all workers are feeling the economic gains. Long-term unemployment is still high, and the number of part-time workers looking to work full-time remains steady, according to experts.

Employer Takeaway

The labor market is tightening up, but it’s not tapped out. This means now is the time to attract talent and retain your current workforce.



Posted In: Benefits & HR

Subscribe to the Ganim Financial Newsletter

[gravityform id="2" title="false" description="false"] ×

Add Employee

Use the form below to add an employee to your employee benefits.

[gravityform id="3" title="false" description="false"] ×

Remove Emplyee

Use the form below to remove an employee from your employee benefits.

[gravityform id="4" title="false" description="false"] ×

Account Login

Upon clicking 'enter,' a new window will open. If you are running a pop-up blocker, please disable it.

Black Diamond Login

Provides convenient online access to your investment accounts and your asset performance, anywhere at anytime.

Wealthscape Investor Login

Provides access to digital copies of tax forms.
×

Account Login

Upon clicking 'enter,' a new window will open. If you are running a pop-up blocker, please disable it.

Employee Enrollment & Termination

Click the link to login.

Fiduciary Briefcase Login

Click the link to login.

HR & Benefits Compliance Solutions Login

Click the link to login.
×