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Federal Government
Federal Weekly Uninsurance Claim Data For Week Ending November 8 PDF Print E-mail
Federal Government
By Administrator   
Friday, 14 November 2014 06:26

RALEIGH, (SGRToday.com) - The U.S. Department of Labor has released detailed jobs data for the week ending November 8. The entire report and charts can be found at dol.gov. The report news release is summarized as follows:

In the week ending November 8, the advance figure for seasonally adjusted initial claims was 290,000, an increase of 12,000 from the previous week's unrevised level of 278,000. The 4-week moving average was 285,000, an increase of 6,000 from the previous week's unrevised average of 279,000.

There were no special factors impacting this week's initial claims.

The advance seasonally adjusted insured unemployment rate was 1.8 percent for the week ending November 1, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted
insured unemployment during the week ending November 1 was 2,392,000, an increase of 36,000 from the previous week's revised level. The previous week's level was revised up 8,000 from 2,348,000 to 2,356,000.

The 4-week moving average was 2,372,500, an increase of 750 from the previous week's revised average. The previous week's average was revised up by 2,000 from 2,369,750 to 2,371,750

GAO Audit Results: Bureau of the Fiscal Service's Fiscal Years 2014 and 2013 Schedules of Federal Debt PDF Print E-mail
Federal Government
By Administrator   
Wednesday, 12 November 2014 06:41

RALEIGH, (SGRToday.com) - The U.S. Government Accountability Office (GAO) has released its findings of an audit of the Bureau of the Fiscal Service Schedules of Federal Debt. The findings are:

"In GAO's opinion, the Bureau of the Fiscal Service's (Fiscal Service) Schedules of Federal Debt for fiscal years 2014 and 2013 were fairly presented in all material respects, and Fiscal Service maintained, in all material respects, effective internal control over financial reporting relevant to the Schedule of Federal Debt as of September 30, 2014. GAO's tests disclosed no instances of reportable noncompliance for fiscal year 2014 with selected provisions of applicable laws, regulations, contracts, and grant agreements related to the Schedule of Federal Debt.

From fiscal year 1997, the first year of audit, through September 30, 2014, total federal debt managed by Fiscal Service has increased by 230 percent and the debt limit has been raised 15 times, from $5,950 billion to $17,212 billion. During fiscal year 2014, delays in raising the debt limit occurred for a total of 16 business days. Also, the debt limit was suspended for the period October 17, 2013, through February 7, 2014, and again from February 15, 2014, through March 15, 2015."

The entire GAO audit, including debt charts and background on why the audit was conducted, can be found at gao.gov.

Postal Service Hacked, Employee Data Breached For 800,000 PDF Print E-mail
Federal Government
By Administrator   
Tuesday, 11 November 2014 06:27

RALEIGH, (SGRToday.com) - Computer hackers tapped into the networks of the U.S. Postal Service in September, accessing personal information about 800,000 employees in what officials say was a breach "limited in scope."

The Federal Times reports that the breach occurred in September and was recently remedied.

Those affected include retirees as well as active full-time and part-time employees.

It appears hackers took social security numbers in addition to name, address, and other information, according to the newspaper.

You can read the entire story at federaltimes.com

U.S. Commerce Secretary: Jobs Data Shows Economic Rebound Continues PDF Print E-mail
Federal Government
By Administrator   
Monday, 10 November 2014 05:52

RALEIGH, (SGRToday.com) - In the wake of a drop in the October unemployment rate to 5.8 percent, U.S. Secretary of Commerce Penny Pritzker says the U.S. economy "continues to rebound."

Payroll employment increased by 214,000 as the unemployment rate moved down.

“Today’s jobs numbers clearly demonstrate that our economy continues to rebound. To build on this momentum, we must keep up efforts to help our businesses with the tools they need to create jobs and lift incomes for more Americans," Pritzker said in a statement.

"The private sector has added 10.6 million jobs over the past 56 months – the longest consecutive stretch of private sector job growth on record. The U.S. has now put more people back to work than all other advanced economies combined.

This Administration and the Department of Commerce will continue to do everything we can to strengthen the conditions for economic growth and competitiveness in the United States.”  



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