Author Archive
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Jobs Report Defies Expectations Yet Again
America's employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates, the AP reports. Last month's job growth was up from a... Go to Source Author:
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February Jobs Report Contained a Surprise
The February jobs report was an eagerly anticipated one, and it held a surprise. Economists had not expected a repeat of January's originally reported 353,000 new jobs, with most predicting the addition of 200,000 jobs last month. But February delivered 275,000 new jobs, a number the AP... Go to Source Author: Kate Seamons
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US Employers Keep Defying Expectations
A new report out of the Labor Department on Friday shows that American employers continue to hire at what the AP calls a "stunning" pace: Employers added 353,000 jobs in January, well above expectations of 185,000, reports the Wall Street Journal . It's also higher than the revised figure... Go to Source Author: John Johnson
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New CBO Projections Raise Hopes of a ‘Soft Landing’
The Congressional Budget Office said Friday it expects inflation to nearly hit the Federal Reserve's 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years. The office's Current View of... Go to Source Author:
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Hiring Remains Stronger Than Expected
The nation's employers added a solid 199,000 jobs last month and the unemployment rate fell—fresh signs that the economy could achieve an elusive "soft landing," in which inflation would return to the Federal Reserve's 2% target without causing a steep recession. Friday's report from the Labor Department showed... Go to Source Author:
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Tycoon Says 270K Aussies Need to Lose Their Jobs
One of Australia's richest men has apologized after calling for 270,000 job losses to show workers their place. Gurner Group founder and CEO Tim Gurner, a multimillionaire real-estate tycoon, was speaking at the Australian Financial Review 's property summit on Tuesday when he said workers have become "arrogant" since... Go to Source Author: Arden Dier
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Jobs Market Is Cooling, but With Few Layoffs
The nation's employers added a solid 187,000 jobs in August in a sign of a still-resilient labor market despite the high interest rates the Federal Reserve has imposed. The job growth marked an increase from July's revised gain of 157,000 but still pointed to a moderating pace of... Go to Source Author:
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Tech-Savvy Job Hunters Turn to ‘White Fonting’
Some applicants have been using an interesting hack to dupe AI and other tech filters when pursuing new positions. It's called "white fonting," explains the Washington Post . The idea is pretty straightforward—job seekers cram keywords from job descriptions onto their resumes, but change the font to white so they... Go to Source Author: Steve Huff
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Employers Add Fewer Jobs Than Expected
US employers added 187,000 jobs last month, fewer than expected, as the higher interest rates continued to weigh on the economy. But the unemployment rate dipped to 3.5% in a sign that the job market remains resilient, per the AP . Hiring was up from 185,000 in June,... Go to Source Author:
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New Jobs Report Suggests Rate Hike Is a Safe Bet
America's employers pulled back on hiring but still delivered another month of solid gains in June, adding 209,000 jobs in a sign that the economy's resilience is confounding the Federal Reserve's drive to slow growth and inflation, per the AP . The latest evidence of economic strength makes it all... Go to Source Author:
