Blog
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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
