Author Archive
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GDP Comes In Much Weaker Than Expected
Economic momentum took a clear hit at the end of last year, with the record-long government shutdown and a slowdown in consumer spending taking the blame. New data from the Commerce Department shows the US economy expanded at a 1.4% annual rate in the fourth quarter—barely more than... Go to Source Author: John Johnson with Newser.AI
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Tight Job Market Births ‘Reverse Recruiters’
Job hunting has gone pay-to-play. The Wall Street Journal reports that as white-collar hiring freezes spread and applicant pools swell, a growing number of candidates are now paying recruiters directly—reversing a system in which employers traditionally footed the bill to find talent. "Reverse recruiters" pitch themselves to job seekers... Go to Source Author: Tim Karan with Newser.AI
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Young Workers’ Job Woes Aren’t All in Their Heads
Landing that first "real" job is getting tougher for new grads—and the data suggests it's not just in their heads. The Washington Post reports that as employers grow more cautious in an uncertain economy and AI reshapes roles, they're increasingly favoring experience over potential. Revelio Labs finds the typical... Go to Source Author: Kate Seamons with Newser.AI
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Sluggish Jobs Numbers Lower Than Expected
Sluggish hiring last month closed out a year of weak employment gains even as layoffs and unemployment have also been low, per the AP . It was, in other words, a "low hire, low fire" year, as the Wall Street Journal puts it. The details: Numbers: Employers added 50,000 jobs... Go to Source Author:
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Unemployment Now at Highest Level Since 2021
The United States gained a decent 64,000 jobs in November, but it lost 105,000 in October as federal workers departed after cutbacks by the Trump administration, the government said in delayed reports. The unemployment rate rose to 4.6%, the highest level since 2021, per the AP . Both... Go to Source Author:
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Delayed Jobs Report Beats Expectations
The new jobs report is out, and it shows that hiring was significantly stronger than expected in September. The report—delayed for weeks because of the government shutdown—is the last key piece of labor data the Federal Reserve will have ahead of its next meeting in December. Takeaways: Main... Go to Source Author: John Johnson
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We’re Finally Getting September’s Jobs Report
The Labor Department will release its numbers on September hiring and unemployment next Thursday, a month and a half late, marking the beginning of the end of a data drought caused by the 43-day federal government shutdown. The statistical blackout meant that the Federal Reserve, businesses, policymakers, and investors have... Go to Source Author:
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College Students ‘Cover Their Bases’ With 2 Majors
As uncertainty about the job market grows, more US college students are hedging their bets by double-majoring. Nearly 1 in 3 students at the University of Wisconsin-Madison, for example, now pursue two majors, a trend that has surged 25% over the past decade, according to the National Center for Education... Go to Source Author: Jenn Gidman with Newser.AI
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Consumer Sentiment Sinks Faster Than Expected
US consumer sentiment has fallen to one of its lowest points on record, reports the Wall Street Journal . The University of Michigan's latest index slipped to 50.3 in November from 53.6 the previous month, a much sharper drop than expected. Analysts polled by the newspaper anticipated a drop... Go to Source Author: John Johnson with Newser.AI
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October Layoffs the Worst Since 2003
Layoffs in the US have reached recession-level numbers, reports the Washington Post , which cites new data from the private firm Challenger, Gray & Christmas to back that up: So far this year, employers have announced 1.1 million job cuts, a figure in line with the Great Recession of 2008-09,... Go to Source Author: John Johnson with Newser.AI
