Quick Facts
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Grim Numbers Expected in Today’s Jobs Report
After a record 113 straight months of hiring, the government's monthly jobs report Friday is expected to show that the American jobs machine came to a sudden halt in March as a result of the coronavirus. Economists have forecast that the government will say employers shed about 150,000 jobs... Go to Source Author:
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Stunning Report: 6.6M Applied for Unemployment Last Week
More than 6.6 million Americans applied for unemployment benefits last week, doubling a record high set just one week earlier—a sign that layoffs are accelerating in the midst of the coronavirus. The stunning report Thursday from the Labor Department showed that job cuts are mounting: The figure for... Go to Source Author:
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Jobless Claims Clock in at Quadruple the 1982 Record
Nearly 3.3 million Americans applied for unemployment benefits last week—more than quadruple the previous record set in 1982—amid a widespread economic shutdown caused by the coronavirus. The surge in weekly applications was a stunning reflection of the damage the viral outbreak is doing to the economy. Filings... Go to Source Author:
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Strong Jobs Report Comes With a Dose of Caution
The latest jobs report is in, and it's a strong one. Employers added 273,000 jobs in February, well above expectations of 175,000, reports the Wall Street Journal . The unemployment rate ticked down from 3.6% to a 50-year low of 3.5%, notes the AP . Both stories, however,... Go to Source Author:
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A ‘Sour Note’ on Jobs, but Still a 10-Year Milestone
The last jobs report of 2019 and the decade came in shy of expectations. Employers added 145,000 jobs in December, lower than the expected 160,000 and enough to qualify as a "sour note," reports CNBC . Still, the figure caps the 10th straight year of payroll gains, the longest... Go to Source Author:
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Unemployment Hasn’t Been This Low in 50 Years
The new jobs report is out, and it's a robust one. Employers added 266,000 jobs in November, easily beating estimates of 187,000, reports CNBC . Part of the surge reflects the end of a strike at GM, but the figure still represents the strongest month since January of this... Go to Source Author: Newser Editors
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Jobless Rate Hits 5-Decade Milestone
Steady, but a little below expectations. That's the quick assessment of the Wall Street Journal of the new jobs report out Friday. Employers added 136,000 jobs in September, under the expected 145,000, though the unemployment rate fell to a five-decade low of 3.5% per the AP . The... Go to Source Author:
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Turns Out We Weren’t Adding 200K Jobs a Month
It's not uncommon for the Department of Labor to revise job growth numbers. It actually does so annually, when, instead of using the surveys that help form those initial estimates, it reviews unemployment insurance records in each state to come up with more accurate figures. What is uncommon is how... Go to Source Author: Jenn Gidman
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Jobs Report Makes Fed’s Decision Trickier
US employers sharply stepped up their hiring in June, adding a robust 224,000 jobs, an indication of the economy's durability after more than a decade of expansion, per the AP . Analysts expected a gain of 165,000. The strength of the jobs report the Labor Department issued Friday could... Go to Source Author:
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Best Place to Work? Not Google or Facebook
Which companies are the best to work for in America? And the worst? 24/7 Wall St has come up with rankings in both categories, using data from Glassdoor. The info comes employee reviews that take into account a host of factors, including pay, satisfaction, and job opportunities. The company with... Go to Source Author: Newser Editors
