unemployment

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Hiring Is Again Stronger Than Expected

Employers added 261K jobs in October

(Newser) - The latest jobs report came in stronger than expected, which may not be great news for investors hoping the Fed eases up on rate increases. As the AP puts it, "the economy remains a picture of solid job growth and painful inflation." The details:
  • New jobs: Employers added
...

263K Jobs Added Last Month, Plus a Surprise Dip

Unemployment rate fell from 3.7% to 3.5%, matching a 5-decade low

(Newser) - America's employers slowed their hiring in September but still added a solid 263,000 jobs—a dose of encouraging news that may mean the Federal Reserve's drive to cool the job market and ease inflation is starting to make progress. Friday's government report showed that last month'...

US Jobs Streak Now at 20 Months and Counting

Employers added 315K workers in August, right in line with expectations

(Newser) - The new monthly jobs report is out, and it shows that employers are continuing to hire, though at a slower pace than in recent months:
  • The number: Employers added 315,000 jobs in August, almost exactly in line with expectations. That's down from 528,000 in July and the
...

Unemployment Claims Hit Highest Mark Since November

Despite strong job market, applications for jobless aid rose to 262K

(Newser) - The number of Americans who signed up for unemployment benefits rose last week to the highest level since November, though the US job market continues to show signs of strength. Applications for jobless aid climbed by 14,000, to 262,000 and now have risen five out of the last...

Jobs Report Much Stronger Than Expected

Employers added 528K positions, far above estimates

(Newser) - The new jobs report is out, and it shows that the labor market is still booming:
  • Jobs: Employers added 528,000 jobs in July, far above expectations of 258,000, reports CNBC . The leisure and hospitality sector added the most (96,000), followed by health care (70,000).
  • Rate: The
...

Strong June Jobs Report Has Investors Worried

Another 372K jobs were added

(Newser) - Hiring continues to defy expectations and remain strong, as the latest monthly report from the Labor Department demonstrates.
  • Big number: Employers added 372,000 jobs in June, well above analysts' predictions of 250,000, reports CNBC .
  • Steady rate: The unemployment rate remained at a low 3.6% for the fourth
...

Job Numbers Come In Stronger Than Expected

Employers add a solid 390K in May, though that snaps long streak of at least 400K

(Newser) - The jobs market remains strong, but it appears to be cooling off a smidge amid signs the labor shortage is easing. That seems to be the gist of coverage related to the new unemployment report released Friday.
  • New hires: Employers added 390,000 jobs in May, above estimates of 328,
...

For Every Unemployed Person, 2 Jobs Are Available

It's a record-high proportion; new jobs figures for April reflect continued hiring

(Newser) - The economy may be threatened on a number of fronts—inflation, a volatile stock market , a war overseas—but hiring is apparently not one of them. The new Labor Department numbers for April are out, and they reflect continued job growth:
  • Jobs: Employers added 428,000 jobs in April, which
...

Hiring Streak in US Sets an 80-Year Record

We've had 11 straight months with gains of more than 400K jobs

(Newser) - Despite red-hot inflation , US employers kept hiring at a solid pace in March. The key numbers:
  • Jobs: Employers added 431,000 jobs for the month, coming in a bit shy of expectations of about 490,000. However, the Wall Street Journal points out this marks 11 straight months with gains
...

Economists Expected Lousy Jobs Report, Got the Opposite

Employers added 467K jobs in January, way above estimates

(Newser) - Economists were expecting a lousy jobs report on Friday, but it came in much stronger than expected. Employers seem to have weathered the omicron surge in January better than anticipated. The numbers:
  • Jobs: Employers added 467,000 jobs in January, the Labor Department reported. Estimates varied widely ahead of the
...

US Hiring Misfires in December
US Hiring Misfires
in December

US Hiring Misfires in December

Employers add fewer than 200K jobs, less than half of expectations

(Newser) - The new monthly jobs figures are out for December, and they came in way under expectations. What's more, these stats are pulled from the first half of the month; in this case, that's before the omicron variant began surging in earnest, notes the AP .
  • Hiring: Employers added 199,
...

Behind Labor Shortage Are Health Issues

As pandemic patience wears thin, survey finds concerns keep people out of job market

(Newser) - Pushing the economic levers available to the federal government might not be enough to solve the job market's problems. There's evidence that physical and mental health issues are a major cause of the nation's labor shortage, Axios reports. A survey of 5,000 Americans by McKinsey found...

New Jobs Report Is Out, and It's Disappointing

Employers added 210K jobs, lower than expected, and that's before omicron

(Newser) - Economists had high hopes about the new monthly jobs report, but those hopes fizzled when the stats came out Friday morning. Employers heartily missed expectations in regard to new hires. The details:
  • New jobs: Employers added 210,000 jobs in November, well below expectations that were well north of 500,
...

Jobless Claims in US Plummet to Lowest Level in 52 Years

Number of Americans applying for unemployment benefits drops to 199K, the lowest since 1969

(Newser) - The number of Americans applying for unemployment benefits plummeted last week to the lowest level in more than half a century, another sign that the US job market is rebounding rapidly from last year's coronavirus recession. Jobless claims dropped by 71,000 to 199,000, the lowest since mid-November...

With Newfound Clout, Workers Quit Jobs in Record Numbers

Dissatisfied employees can have their pick of opportunities, experts say

(Newser) - The pendulum has swung toward the labor force, and US workers are taking advantage of it. With their pick of employment opportunities these days, more Americans than ever—4.4 million—left their jobs in September, CNN reports. That could become the norm. "Labor now has the initiative, and...

Jobs Report Comes In Stronger Than Expected

Employers added 531K jobs in October, more than forecast

(Newser) - The new monthly jobs report is out, and it's stronger than expected. Hiring in October improved significantly over September, though it's still behind the pace set in the first half of the year. The details:
  • New jobs: Employers added 531,000 jobs in October, above expectations of 400,
...

A Swing and a Miss for September's Jobs Report

Just 194K jobs were added last month

(Newser) - US employers added just 194,000 jobs in September, a second straight tepid gain and evidence that the pandemic still has a grip on the economy, with many companies struggling to fill millions of open jobs. Friday's report from the Labor Department also showed that the unemployment rate fell...

2 Words on Jobs Report: 'Huge Disappointment'

August numbers come in far below expectations

(Newser) - The new jobs report is in for August, and lackluster might be one word to describe it. "Huge disappointment" ( CNBC ) and "surprisingly weak" (the AP ) are others. The key numbers:
  • New jobs: Employers added 235,000 jobs for the month, but that is far below
...

Job Numbers Are Strong, but There's an Asterisk

Numbers may not reflect fast-moving impact of delta variant

(Newser) - The new monthly jobs report is out, and the numbers are stronger than expected for July. But the delta variant is throwing a wrench into assessments. Details:
  • Employers added 943,000 jobs for the month, ahead of consensus estimates of 845,000, reports CNBC .
  • The unemployment rate dropped more than
...

Scope of Unemployment Fraud in Pandemic Is Staggering

Axios reports that half of benefits, totaling hundreds of billions of dollars, might have been stolen

(Newser) - Stories about rampant fraud related to unemployment benefits paid out during the pandemic have been percolating for a while. The AP reported in March that states were being overwhelmed by bogus claims. Earlier this week, WBTW noted that the FTC has logged 400,000 complaints so far from people who...

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