Quick Facts
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‘Datageddon’ Day: 215K More Jobs, but Unemployment Ticks Up
US employers notched another solid month of hiring in March by adding a higher-than-expected 215,000 jobs, driven by large gains in the construction, retail, and health care industries, the AP reports. Despite the jump, the Labor Department said Friday that the unemployment rate ticked up to 5% from 4.... Go to Source Author:
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Jobless Rate Lowest in 8 Years
A mixed bag in Friday's monthly jobless report: The unemployment rate dipped from 5% to 4.9% in January, the first time it's fallen below 5% in eight years, reports AP . What's more, average wages rose .5% to $25.39, "another sign of a healthy labor market," observes MarketWatch . Growth,... Go to Source Author: Newser Editors
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Jobs Report Stronger Than Expected
The Labor Department issued a stronger-than-expected jobs report Friday morning: US employers added 292,000 jobs in December, beating expectations and leaving the unemployment rate unchanged at 5%. Given that economists were expecting a mark closer to 200,000, the figure represents a "huge round of job creation" to end... Go to Source Author:
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New Jobs Data ‘All the Ammo’ Fed Needs to Raise Rates
The Labor Department is out with what CNBC calls "one of the most anticipated unemployment reports of the year"—and its results have analysts more sure than ever that the Fed will raise interest rates later this month. Employers added 211,000 jobs in November, and the unemployment rate held... Go to Source Author: John Johnson
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Jobs Report Comes In Stronger Than Expected
The Labor Department is out with a stronger-than-expected jobs report, one that makes it tough to call whether the Fed will raise interest rates in December. The Labor Department says the economy added 271,000 jobs in October, far higher than the forecast of 183,000, as the unemployment rate... Go to Source Author:
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Jobless Figures Surprisingly Weak
Not so great news out of the Labor Department this morning: The economy created 142,000 jobs in September, well below forecasts of more than 200,000, reports the AP . Even so, the unemployment rate remained unchanged at 5.1%. The 142,000 may initially sound worse than last month's... Go to Source Author:
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Unemployment Hits 7-Year Low
Hiring was relatively weak in August, but the 173,000 jobs added by US employers were enough to bring the nation's unemployment rate down to its lowest level in seven years, reports AP . The Labor Department said today the rate dropped from 5.3% to 5.1%, a level it... Go to Source Author:
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Unemployment Holds at 5.3%
The Wall Street Journal was right on the money: It estimated that 215,000 jobs were added in July and predicted that the unemployment rate would remain at 5.3%. That's exactly what happened. Writing for the Journal, Erik Holm notes that "this marks the third straight month of at... Go to Source Author: Newser Editors
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In ‘Anticlimax,’ Jobless Rate Sinks to 5.3%
It's a rare "Jobs Thursday" due to tomorrow's holiday, and so America learned a day earlier than usual that the unemployment rate fell to 5.3%, with "a solid" 223,000 jobs added in June, per the AP . That's a tad bit better and worse than expectations, per the Wall... Go to Source Author: Kate Seamons
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Jobs Report: Things Look to Be ‘Back on Track’
It's a good number: 280,000 jobs were added in May, besting economists' consensus prediction of 225,000. Today's jobs report also revealed the unemployment rate ticked up from 5.4% to 5.5%, the Wall Street Journal reports. The new jobs numbers for March and April show an overall... Go to Source Author: Evann Gastaldo
