Tag Archives: unemployment

CNBC reports: President Donald Trump’s efforts to pare down the federal government workforce left a mark on the labor market in February, with announced job cuts at their highest level in nearly five years, outplacement firm Challenger, Gray & Christmas reported Thursday. The firm reported that U.S. employers announced 172,017 layoffs for the month, up 245% from January and the …

CNN reports: First-time applications for unemployment benefits rose much more than expected last week, a likely indication of some “noisy” data, but also a potential worrisome hint that cracks may be forming in America’s long-solid labor market. There were an estimated 242,000 jobless claims filed last week, according to seasonally adjusted data released Thursday by the Department of Labor. That’s …

CNBC reports: Job growth was much stronger than expected in December, possibly providing the Federal Reserve less incentive to cut interest rates this year. Nonfarm payrolls surged by 256,000 for the month, up from 212,000 in November and above the 155,000 forecast from the Dow Jones consensus, the Bureau of Labor Statistics reported Friday. The unemployment rate edged down to …

CNN reports: US job growth accelerated much more than anticipated last month, providing further reassurance for the ongoing stability of the labor market. Employers added an estimated 254,000 jobs in September, according to data released Friday by the Bureau of Labor Statistics. That’s a higher tally than August’s monthly total (which was upwardly revised to 159,000) and blows economists’ expectations …

Yahoo Finance reports: The US economy added fewer jobs than expected in August while the unemployment ticked lower. Data from the Bureau of Labor Statistics released Friday showed the labor market added 142,000 nonfarm payroll jobs in August, fewer additions than the 165,000 expected by economists. Meanwhile, the unemployment rate fell to 4.2%, from 4.3% in July. August job additions …

The Wall Street Journal reports: Stock futures are falling and Treasury yields are climbing after the latest jobs report showed hiring in May was far stronger than expected. Employers added 272,000 jobs for the month, easily topping the 190,000 economists forecast. Investors had been eagerly awaiting the payrolls data for more clues on how the economy is faring, and how …

CNBC reports: The U.S. labor market closed out 2023 in strong shape as the pace of hiring was even more powerful than expected, the Labor Department reported Friday. December’s jobs report showed employers added 216,000 jobs for the month while the unemployment rate held at 3.7%. Payroll growth showed a sizeable gain from November’s downwardly revised 173,000. Economists surveyed by …

CNBC reports: Job growth was stronger than expected in September, a sign that the U.S. economy is hanging tough despite higher interest rates, labor strife and dysfunction in Washington. Nonfarm payrolls increased by 336,000 for the month, better than the Dow Jones consensus estimate for 170,000, the Labor Department said Friday in a much-anticipated report. The unemployment rate was 3.8%, …

CNBC reports: The U.S. added more jobs than expected in August, a sign of resilience for a labor market under pressure from Federal Reserve interest rate hikes. Nonfarm payrolls grew by a seasonally adjusted 187,000 for the month, above the Dow Jones estimate for 170,000, the U.S. Bureau of Labor Statistics reported Friday. However, the unemployment rate was 3.8%, up …

Yahoo Finance reports: The May jobs report released Friday showed the US economy remains strong with more than 300,000 jobs created last month, while the unemployment rate rose to 3.7%. The US economy added 339,000 nonfarm payroll jobs last month, data from the Bureau of Labor Statistics showed Friday. This marks the 14th-straight month that job creation came in above …

CNBC reports: The U.S. economy posted its first period of positive growth for 2022 in the third quarter, at least temporarily easing inflation fears, the Bureau of Economic Analysis reported Thursday. GDP, a sum of all the goods and services produced from July through September, increased at a 2.6% annualized pace for the period, against the Dow Jones estimate for …

CNBC reports: Job growth accelerated at a much faster pace than expected in June, indicating that the main pillar of the U.S. economy remains strong despite pockets of weakness. The unemployment rate was 3.6%, unchanged from May and in line with estimates. Nonfarm payrolls increased 372,000 in the month, better than the 250,000 Dow Jones estimate and continuing what has …

The Washington Post reports: U.S. employers added 428,000 jobs in April, capping a year of solid growth, adding more fuel to an already robust recovery. The unemployment rate remained steady at a pandemic low of 3.6 percent, the Labor Department said Friday. The labor market has added more than 6.5 million jobs during the past year and is on pace …

CNBC reports: The labor market tightened further last week, with initial jobless claims falling to their lowest level in more than 53 years, the Labor Department reported Thursday. Initial filings for unemployment dropped to 166,000, well below the Dow Jones estimate of 200,000 and 5,000 under the previous week’s total, which was revised sharply lower. The total of those receiving …

The Associated Press reports: America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic and the highest inflation in 40 years. The Labor Department’s report Friday showed that last month’s job growth helped reduce the unemployment rate to 3.6%, the lowest level since …

Reuters reports: The number of Americans filing new claims for unemployment benefits fell last week as demand for labor remained strong, positioning the economy for another month of solid job gains. Unemployment benefit rolls were the smallest in 52 years in early March, the Labor Department’s weekly jobless claims report on Thursday also showed. Signs of the economy’s underlying strength …

Bloomberg News reports: U.S. employers added more jobs than forecast last month, despite a surge in Covid-19 infections and related business closures. Nonfarm payrolls increased 467,000 in January after an upwardly revised 510,000 gain in December, a Labor Department report showed Friday. The unemployment rate ticked up to 4%, and average hourly earnings jumped. In a surprise display of strength, …

ABC News reports: The number of Americans applying for unemployment benefits fell below 200,000, more evidence that the job market remains strong in the aftermath of last year’s coronavirus recession. Jobless claims dropped by 8,000 to 198,000, the Labor Department reported Thursday. The four-week average, which smooths out week-to-week volatility, fell to just above 199,000, lowest level since October 1969. …

From the Justice Department: A Jonesville, Virginia woman, who admitted to heading a conspiracy that defrauded the government of more than $1.5 million in pandemic-related unemployment benefits, was sentenced today to 10 years in federal prison and ordered to pay restitution. Farren Gaddis Ricketts, 31, and her co-conspirators concocted a scheme to gather personal identification information and then submit unemployment …

The Associated Press reports: The number of Americans applying for unemployment benefits rose last week despite signs that the U.S. labor market is rebounding from last year’s coronavirus recession. Jobless claims rose by 18,000 to a 206,000, still low by historical standards. The four-week average, which smooths out week-to-week volatility, fell by 16,000 to less than 204,000, the lowest level …