Quick Facts
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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
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New Job Figures Are Out
US employers pulled back on hiring in November, adding just 155,000 jobs. That's below this year's average monthly gains but enough to suggest that the economy is expanding at a solid pace despite sharp gyrations in the stock market, per the AP . Analysts had expected a gain of 198,... Go to Source Author:
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Wages Rise at Fastest Pace in Nearly a Decade
The last unemployment report before the midterms is a strong one. Employers added 250,000 jobs in October, above the forecast of 188,000, reports the Wall Street Journal . The unemployment rate itself remained at a five-decade low of 3.7%, per the AP . The influx of new job-seekers in... Go to Source Author:
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Unemployment Rate Parties Like It’s 1969
US employers added just 134,000 jobs in September, the fewest in a year and short of the 180,000 forecast, reports the Wall Street Journal , though the figure was likely lowered by Hurricane Florence. Even so, the unemployment rate fell to 3.7%, the lowest level since 1969. Florence... Go to Source Author:
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How the Fed Might Respond to August’s Strong Jobs Report
Hiring picked up in August as US employers added a stronger-than-expected 201,000 jobs, a sign of confidence that consumers and businesses will keep spending despite the Trump administration's conflicts with trading partners, per the AP . The Labor Department says the unemployment rate remained 3.9%, near an 18-year low.... Go to Source Author:
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No Experience or Degree? You’re Hired
It's a job-seekers' market, apparently. With unemployment low , the Wall Street Journal reports that employers in a wide range of fields around the US are loosening up on job requirements in order to fill positions. For those without a college degree or experience in a particular field, it means the... Go to Source Author: Newser Editors
