Quick Facts
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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
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For Trump, It’s Obviously #1. Others Predict Disaster
Record job growth. Historic low unemployment. Rising wages. Even the Washington Post —hardly President Trump's biggest backer—is breathless over the US economy, but some experts are wondering whether the party can last. First, the good news: Employers tacked on 263,000 new jobs in April and US unemployment sank... Go to Source Author: Neal Colgrass
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Unemployment Is Now at a 50-Year Low
The monthly jobs report is out, and it's another strong one. Employers added 263,000 jobs in April, solidly above expectations of about 181,000, per the AP . What's more, the unemployment rate ticked down to 3.6% from 3.8% and is now the lowest it has been since... Go to Source Author:
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Restaurant Chain Tries ‘Big Thing’ to Entice Workers
A burger chain is grappling with America's tight labor market by trying something new: the four-day work week, Bloomberg reports. Randy Garutti, CEO of Shake Shack Inc, says he hopes to entice workers amid the country's nearly five-decade low in unemployment. "Here in Las Vegas, in some of our Shacks,... Go to Source Author: Neal Colgrass
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Economists Expected 180K New Jobs. Not Even Close
Economists had expected 180,000 new jobs in February. Not even close: Hiring tumbled as US employers added just 20,000 jobs last month, the fewest in nearly a year and a half. The Labor Department says the unemployment rate fell to 3.8% from 4%. Businesses stepped up their... Go to Source Author:
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Unemployment Rate Rises, but That May Be Good News
US employers dramatically stepped up their hiring in December, adding 312,000 jobs in an encouraging display of strength for an economy in the midst of a trade war, slowing global growth, and a partial shutdown of the federal government, per the AP . The figure is far higher than the... Go to Source Author:
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Trump Administration May Get Its Food Stamps Wish After All
It may soon be more difficult to get food stamps if you're jobless. The Washington Post reports the USDA has a new proposal that would tighten eligibility for food assistance from the Supplemental Nutrition Assistance Program, and it's tied to unemployment. Under the current system, most adults who don't have... Go to Source Author: Jenn Gidman
