Author Archive
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New Jobs Data ‘All the Ammo’ Fed Needs to Raise Rates
The Labor Department is out with what CNBC calls "one of the most anticipated unemployment reports of the year"—and its results have analysts more sure than ever that the Fed will raise interest rates later this month. Employers added 211,000 jobs in November, and the unemployment rate held... Go to Source Author: John Johnson
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Jobs Report Comes In Stronger Than Expected
The Labor Department is out with a stronger-than-expected jobs report, one that makes it tough to call whether the Fed will raise interest rates in December. The Labor Department says the economy added 271,000 jobs in October, far higher than the forecast of 183,000, as the unemployment rate... Go to Source Author:
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Jobless Figures Surprisingly Weak
Not so great news out of the Labor Department this morning: The economy created 142,000 jobs in September, well below forecasts of more than 200,000, reports the AP . Even so, the unemployment rate remained unchanged at 5.1%. The 142,000 may initially sound worse than last month's... Go to Source Author:
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Unemployment Hits 7-Year Low
Hiring was relatively weak in August, but the 173,000 jobs added by US employers were enough to bring the nation's unemployment rate down to its lowest level in seven years, reports AP . The Labor Department said today the rate dropped from 5.3% to 5.1%, a level it... Go to Source Author:
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Unemployment Holds at 5.3%
The Wall Street Journal was right on the money: It estimated that 215,000 jobs were added in July and predicted that the unemployment rate would remain at 5.3%. That's exactly what happened. Writing for the Journal, Erik Holm notes that "this marks the third straight month of at... Go to Source Author: Newser Editors
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In ‘Anticlimax,’ Jobless Rate Sinks to 5.3%
It's a rare "Jobs Thursday" due to tomorrow's holiday, and so America learned a day earlier than usual that the unemployment rate fell to 5.3%, with "a solid" 223,000 jobs added in June, per the AP . That's a tad bit better and worse than expectations, per the Wall... Go to Source Author: Kate Seamons
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Jobs Report: Things Look to Be ‘Back on Track’
It's a good number: 280,000 jobs were added in May, besting economists' consensus prediction of 225,000. Today's jobs report also revealed the unemployment rate ticked up from 5.4% to 5.5%, the Wall Street Journal reports. The new jobs numbers for March and April show an overall... Go to Source Author: Evann Gastaldo
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April Jobs Report Mixes Good News With Bad
The unemployment rate fell from 5.5% to 5.4% in April and the economy added 223,000 jobs—pretty close to the 228,000 economists had expected—but elements of the jobs report weren't exactly encouraging. The number of new jobs added in March was revised way down, from... Go to Source Author: Evann Gastaldo
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Poor ‘Deadbeat’ Dads May Fall Into No Job-Jail Trap
The friend in the car with Walter Scott right before Scott's police-shooting death on April 4 says he'll "never know why he ran." But Scott's family says it's because he was afraid of being thrown in jail again for not paying child support, according to the New York Times —and... Go to Source Author: Jenn Gidman
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This Month’s Jobs Report a Surprise—the Bad Kind
The US economy added just 126,000 jobs in March—not even close to the 248,000 economists had expected, the Wall Street Journal reports. The unemployment rate remained unchanged , at 5.5%. At the Journal, Paul Vigna calls the jobs number a "surprise," noting that's the slimmest gain since... Go to Source Author: Evann Gastaldo
