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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

    Posted at September 4, 2021 | By : | Categories : Quick Facts | 0 Comment
  • 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

    Posted at August 7, 2021 | By : | Categories : Quick Facts | 0 Comment
  • 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

    Posted at June 11, 2021 | By : | Categories : Quick Facts | 0 Comment
  • 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

    Posted at June 5, 2021 | By : | Categories : Quick Facts | 0 Comment
  • 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:

    Posted at May 21, 2021 | By : | Categories : Quick Facts | 0 Comment