unemployment

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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,
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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
Jan 7, 2022 8:00 AM CST

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,
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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...

Hiring Rebounds in May but Falls Short of Expectations

Employers added 559K jobs, double the figure from April

(Newser) - Last month's unemployment report was a bust . The new one for May is twice as strong, though still shy of expectations. The Labor Department reported Friday that employers added 559,000 jobs last month, below expectations of about 670,000, reports CNBC . The unemployment rate, meanwhile, fell to 5....

If Markets End Losing Streak, This Report Is Why

Weekly jobless claims fall to a pandemic low

(Newser) - The number of Americans seeking unemployment aid fell last week to 444,000, a new pandemic low and a sign that the job market keeps strengthening as consumers spend freely again, viral infections drop, and business restrictions ease, per the AP . Major US stock indexes rose after the report came...

Jobs Report Reignites Debate Over Unemployment Benefits
Jobless Benefits Too
Generous? Debate Is Reignited
the rundown
May 7, 2021 1:16 PM CDT

Jobless Benefits Too Generous? Debate Is Reignited

Critics say Biden's relief package encourages people to stay home; not so, say defenders

(Newser) - The new monthly jobs report came in way below expectations on Friday, with employers hiring 266,000 people in April instead of the 1 million or so expected by analysts. The report has reignited a familiar political debate amid the pandemic, with those on the right arguing that President Biden'...

Jobs Report Misses Expectations by a Mile
Jobs Report Misses
Expectations by a Mile
UPDATED
May 7, 2021 8:33 AM CDT

Jobs Report Misses Expectations by a Mile

Employers added 266K jobs, well under predictions of about 1M

(Newser) - The new unemployment report for April is out, and the takeaway number didn't come close to meeting expectations. Details:
  • The number: Employers added 266,000 jobs in the month, even though analysts had expected roughly 1 million, reports CNBC . The outlet characterizes the figure as a "huge letdown.
...

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