Quick Facts
-
Stronger-Than-Expected Jobs Report Gets a ‘Wow’
America's employers added a surprisingly strong 254,000 jobs in September, the latest evidence that the US labor market is still solid enough to support steady hiring and a growing economy. Last month's hiring gain was up sharply from the 159,000 jobs that were added in August, and the... Go to Source Author:
-
Why the Latest Jobs Report Is Such a Big Deal
The monthly jobs report comes out Friday morning and since it has the potential to affect both the presidential race and the Federal Reserve's long-anticipated interest rate cut, it's being very closely watched. Economists will be watching to see if the unexpected spike in the unemployment rate in July was... Go to Source Author: Rob Quinn
-
Much-Anticipated Jobs Report a Bit Weaker Than Expected
One of the most anticipated jobs reports in years is out, and it's a mix of good and bad news. One big takeaway is that the data keeps the Federal Reserve on track to cut interest rates later this month, though the size of the potential cut isn't any clearer,... Go to Source Author: John Johnson
-
Unemployment Rate Takes Unexpected Jump
The latest unemployment report is out, and it reaffirms that the once-booming US job market runs the risk of fizzling: The number: Employers added 114,000 jobs in July, well below expectations of 185,000, reports CNBC . That's down from a revised figure of 179,000 in June; a dip... Go to Source Author: John Johnson
-
US Hiring Slows More Than Expected
The nation's employers pulled back on their hiring in April in a sign that persistently high interest rates may be starting to take a bigger toll on the economy, per the AP . Main number: Employers added 175,000 jobs last month, down from a robust 315,000 in March and... Go to Source Author:
-
Jobs Report Defies Expectations Yet Again
America's employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates, the AP reports. Last month's job growth was up from a... Go to Source Author:
-
February Jobs Report Contained a Surprise
The February jobs report was an eagerly anticipated one, and it held a surprise. Economists had not expected a repeat of January's originally reported 353,000 new jobs, with most predicting the addition of 200,000 jobs last month. But February delivered 275,000 new jobs, a number the AP... Go to Source Author: Kate Seamons
-
US Employers Keep Defying Expectations
A new report out of the Labor Department on Friday shows that American employers continue to hire at what the AP calls a "stunning" pace: Employers added 353,000 jobs in January, well above expectations of 185,000, reports the Wall Street Journal . It's also higher than the revised figure... Go to Source Author: John Johnson
-
New CBO Projections Raise Hopes of a ‘Soft Landing’
The Congressional Budget Office said Friday it expects inflation to nearly hit the Federal Reserve's 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years. The office's Current View of... Go to Source Author:
-
Hiring Remains Stronger Than Expected
The nation's employers added a solid 199,000 jobs last month and the unemployment rate fell—fresh signs that the economy could achieve an elusive "soft landing," in which inflation would return to the Federal Reserve's 2% target without causing a steep recession. Friday's report from the Labor Department showed... Go to Source Author:
