Author Archive
-
Hiring Rebounds in May but Falls Short of Expectations
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 5.8%... Go to Source Author: John Johnson
-
If Markets End Losing Streak, This Report Is Why
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... Go to Source Author:
-
Jobless Benefits Too Generous? Debate Is Reignited
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's... Go to Source Author: John Johnson
-
Jobs Report Misses Expectations by a Mile
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." What's more,... Go to Source Author: John Johnson
-
Hiring Booms as Jobs Report Exceeds Expectations
Analysts expected a strong jobs report, and the Labor Department delivered. Employers went on a hiring binge in March, and they're expected to continue for the near future. The highlights: A big number: Employers added 916,000 jobs last month, reports the AP , well above expectations of about 675,000.... Go to Source Author: John Johnson
-
A Big Sign That the US Economy Is on the Upswing
The number of people seeking unemployment benefits fell sharply last week to 684,000, the fewest since the pandemic erupted a year ago and a sign that the economy is improving. Thursday's report from the Labor Department showed that jobless claims fell from 781,000 the week before. It's the... Go to Source Author:
-
A Big Sign That the US Economy Is on the Upswing
The number of people seeking unemployment benefits fell sharply last week to 684,000, the fewest since the pandemic erupted a year ago and a sign that the economy is improving. Thursday's report from the Labor Department showed that jobless claims fell from 781,000 the week before. It's the... Go to Source Author:
-
A Big Sign That the US Economy Is on the Upswing
The number of people seeking unemployment benefits fell sharply last week to 684,000, the fewest since the pandemic erupted a year ago and a sign that the economy is improving. Thursday's report from the Labor Department showed that jobless claims fell from 781,000 the week before. It's the... Go to Source Author:
-
Bars, Restaurants Give a Jolt to February Hiring
The new unemployment report is out, and the numbers are stronger than expected. The highlights: New jobs: Employers added 379,000 jobs in February, above expectations of 210,000, reports the Wall Street Journal . The figure is well above the 49,000 jobs gained in January. The rate: The unemployment... Go to Source Author: John Johnson
-
This State Wants Its Money Back After Overpaying Unemployed
A recent letter in the mail to St. Louis salesman Mike Conners demanding he pay back the state of Missouri more than $7,500 in unemployment benefits caught him by surprise. But as FOX 2 reports, his letter was no anomaly: The state now says it paid out $150 million... Go to Source Author: Jenn Gidman
