Author Archive
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New Jobs Report Is Out, and It’s Disappointing
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,... Go to Source Author: John Johnson
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New Jobs Report Is Out, and It’s Disappointing
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,... Go to Source Author: John Johnson
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Behind Labor Shortage Are Health Issues
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 that 30% of... Go to Source Author: Bob Cronin
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Behind Labor Shortage Are Health Issues
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 that 30% of... Go to Source Author: Bob Cronin
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US Hiring Misfires in December
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 199,000 jobs... Go to Source Author: John Johnson
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US Hiring Misfires in December
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 199,000 jobs... Go to Source Author: John Johnson
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A Swing and a Miss for September’s Jobs Report
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 sharply... Go to Source Author:
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2 Words on Jobs Report: ‘Huge Disappointment’
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 expectations of... Go to Source Author: John Johnson
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Job Numbers Are Strong, but There’s an Asterisk
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... Go to Source Author: John Johnson
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Scope of Unemployment Fraud in Pandemic Is Staggering
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... Go to Source Author: John Johnson
