Despite a surprise at the polls, this wild election season came to a close with no immediate adverse impact on hiring. For the 7th month in a row, the U.S. economy has added jobs with November’s growth of 178,000 jobs. The November 2016 Unemployment Rate, which came in at 4.6%, is the lowest since August 2007 and is a sharp drop from October’s rate of 4.9%. Unemployment has hovered at or below 5% for nearly a year as hiring has continued to hum along and allow more people to rejoin the job market.
Once again, solid job numbers show that the economy is continuing to improve. Employers should take this opportunity to make sure that they are staying on top their unemployment costs. While the climate is good, the time is right for companies to shop around to find the best software and most efficient processes to protect themelves from those inevitable changes in the employment landscape. Contact Unemployment Tracker for more information on effective UI cost management.