Quick Facts
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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
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Unemployment Rate Hasn’t Been This Low Since April 2000
May ushered in an 18-year low as far as the unemployment rate goes, with 223,000 jobs added and the jobless rate sinking to 3.8%. That's better than expected: Economists had anticipated a gain of 190,000 jobs and for the unemployment rate to hold at 3.9%. May's... Go to Source Author: Newser Editors
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This Town Will Pay You to Live 45 Minutes From Cincinnati
America's 4.1% unemployment rate doesn't exactly bring smiles to the leaders of America's small towns. "Eventually you run out of people to do the work," is how one economist puts it to the Wall Street Journal . And we're nearing that eventuality, following an exodus of the key class of... Go to Source Author: Kate Seamons
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Finland Ditches Basic Income; US Is Up Next
It looks like universal basic income won't get the green light in Finland. A little more than a year into a two-year trial, the Finnish government says it won't expand an experiment that sees 2,000 unemployed Finns paid $685 per month in basic income , rather than financial benefits, with... Go to Source Author: Arden Dier
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Unemployment Rate Doesn’t Budge for 6th Month in Row
Economists had projected the unemployment rate to drop to 4.0% for the first time since 2000, but that milestone wasn't to be in March: The jobless rate held steady at 4.1% for the sixth consecutive month, the Wall Street Journal reports. Some 103,000 jobs were added, well... Go to Source Author:
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Employers Added Way More Jobs Than Expected
US employers went on a hiring binge last month, adding 313,000 jobs, the most since July 2016, and drawing hundreds of thousands of people into the job market, per the AP . The figure of 313,000 easily surpassed the 205,000 economists had predicted, reports the Wall Street Journal... Go to Source Author:
