Author Archive
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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
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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
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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:
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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
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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
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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
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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:
