Author Archive
-
Economists Expected Lousy Jobs Report, Got the Opposite
Economists were expecting a lousy jobs report on Friday, but it came in much stronger than expected. Employers seem to have weathered the omicron surge in January better than anticipated. The numbers: Jobs: Employers added 467,000 jobs in January, the Labor Department reported. Estimates varied widely ahead of the... Go to Source Author: John Johnson
-
Jobless Claims in US Plummet to Lowest Level in 52 Years
The number of Americans applying for unemployment benefits plummeted last week to the lowest level in more than half a century, another sign that the US job market is rebounding rapidly from last year's coronavirus recession. Jobless claims dropped by 71,000 to 199,000, the lowest since mid-November 1969.... Go to Source Author:
-
Jobless Claims in US Plummet to Lowest Level in 52 Years
The number of Americans applying for unemployment benefits plummeted last week to the lowest level in more than half a century, another sign that the US job market is rebounding rapidly from last year's coronavirus recession. Jobless claims dropped by 71,000 to 199,000, the lowest since mid-November 1969.... Go to Source Author:
-
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
-
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
-
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
-
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
-
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
-
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
-
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:
