unemployment

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Jobs Report Brings Bad News on Hiring

Employers add 98K jobs, lowest number in a year, though rate drops to 4.5%

(Newser) - A not-so-great unemployment report Friday: US employers added just 98,000 jobs last month, the fewest in a year, though the unemployment rate fell to an almost seven-year low of 4.5%, reports the AP . The Labor Department says the unemployment rate fell because nearly a half-million more Americans found...

Strong Jobs Report Means Rate Hike Is a Good Bet
Trump Crows After Release
of Strong Jobs Report
UPDATED
Mar 10, 2017 8:48 AM CST

Trump Crows After Release of Strong Jobs Report

'Great again,' he retweets

(Newser) - The odds of a rate hike by the Fed next week just went up even more: The Labor Department released another solid unemployment report Friday morning. US employers added 235,000 jobs in February, more than expected, and the unemployment rate dropped from 4.8% to 4.7%, reports MarketWatch...

Cities With Best, Worst Unemployment Rates

Ames, Iowa, leads the pack

(Newser) - The nation's unemployment rate now sits below 5%, but that figure obviously varies across the country. 24/7 WallSt crunched numbers and determined the US cities faring best and worst in terms of employment. Here are the five at the bottom of the scale:
  1. El Centro, Calif.: 20.9%, up
...

Employers Keep Hiring at Brisk Pace

Even as jobless rate ticks up

(Newser) - US employers ramped up hiring last month and more Americans began looking for work, a sign that President Trump has inherited a robust job market, reports AP . The Labor Department says employers added 227,000 jobs in January, the most since September and higher than last year's average monthly...

10 Numbers About the America Trump Will Lead

What Obama just handed over to No. 45

(Newser) - President Trump is now officially so , as the mantle was passed from President Obama Friday in Washington. NPR takes a look at a slew of stats that show the America Trump has been handed from his predecessor, which NPR notes is "far more solid in some ways (economics) and...

Obama Hands Trump a 4.7% Unemployment Rate
We Went From 7.8% to 4.7%
Under Obama's Watch
jobs report
Jan 6, 2017 7:55 AM CST

We Went From 7.8% to 4.7% Under Obama's Watch

Rate ticked up slightly in December, as expected

(Newser) - It's the end of an era: The last jobs report that falls fully under President Obama's tenure was issued on Friday, and he'll hand President-elect Donald Trump an economy that boasts a 4.7% unemployment rate. That's a tick up from November's 4.6%, and...

Finland Tries Paying Its Unemployed a Basic Income

Experiment aims to discourage 'disincentive problem'

(Newser) - Finland is the first country in Europe to pay its unemployed citizens a basic monthly income, amounting to $587, in a unique social experiment that aims to cut government red tape, reduce poverty, and boost employment. Olli Kangas from KELA, the government agency responsible for social benefits, said Monday that...

Hiring Steady as Wages See Biggest Rise Since Recession

Unemployment now at 4.9%

(Newser) - US employers added a decent 161,000 jobs in October, and the unemployment rate dipped to 4.9% from 5%, reports the AP . It was the final major report on a lukewarm but durable economy before Americans choose a new president next week. The Labor Department said Friday that average...

An Uber Headache? 2 Drivers Awarded Unemployment

Which means the NY Labor Department considers them employees

(Newser) - Uber has been fighting tooth and nail to keep its drivers classified as independent contractors rather than employees, with success . Now, a speed bump in New York: The state's Department of Labor in August and September ruled that two Uber drivers are eligible for unemployment payments, the New York ...

September Jobs Report Shows Decent Gain

Numbers could keep the Fed on track to raise interest rates

(Newser) - Job gains in September were slightly weaker than the 172,000 jobs that Wall Street economists expected, but the 156,000 jobs that employers did add were enough to welcome new workers and bring back some of those who fell off the map after the Great Recession, per the New ...

August Jobs Report: Numbers Can't Compare to Recent Gains

151K jobs added—about half of July's gains

(Newser) - Hiring downshifted last month as US employers added a modest 151,000 jobs, about half the blockbuster gains of the two previous months, the AP reports. The Labor Department said Friday the unemployment rate remained 4.9% for the third straight month. The figures are far below July's gain...

Jobs Numbers Strong for 2nd Straight Month

Unemployment remains at 4.9%

(Newser) - Employers added a healthy 255,000 jobs last month, a sign of confidence amid sluggish growth that points to a resilient US economy, reports the AP . It's the second straight month of strong growth. The Labor Department also said the unemployment rate remained a low 4.9% in July....

June Jobs Report Shows Huge Gains

Unemployment rose slightly to 4.9%

(Newser) - Employers shook off two months of weak hiring by adding 287,000 jobs in June, a robust pace that suggests a resilient US economy. The hiring spurt marked a sharp improvement from May's dismal showing, when just 11,000 jobs were added, reports the AP . A modest 144,000...

Jobs Report Has Bad News on US Hiring

Hits lowest level in 5 years

(Newser) - US hiring plunged in May to its lowest level in more than five years, a sign that employers turned cautious after the economy barely expanded in the first three months of the year, reports AP . The Labor Department says employers added just 38,000 jobs last month, the fewest since...

'Datageddon' Day: 215K More Jobs, but Unemployment Ticks Up

The good news: More Americans are on the hunt for jobs

(Newser) - 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....

Jobs Report Stronger Than Expected

Unemployment remains at 4.9%

(Newser) - The February jobs report came in stronger than expected on Friday: Employers added 242,000 jobs last month, above the 200,000 or so that analysts were expecting and way up from the revised figure of 172,000 in January. The unemployment rate, meanwhile, remained at 4.9%. One not-so-bright...

Jobless Rate Lowest in 8 Years
 Jobless Rate Lowest in 8 Years 
Feb 5, 2016 7:57 AM CST

Jobless Rate Lowest in 8 Years

It's at 4.9%, but employers added fewer jobs than expected

(Newser) - 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...

Jobs Report Stronger Than Expected

Number beats estimates as unemployment rate remains unchanged at 5%

(Newser) - 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...

New Jobs Data 'All the Ammo' Fed Needs to Raise Rates

Unemployment rate remains at 5%

(Newser) - 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...

Jobs Report Comes In Stronger Than Expected

Might be enough for the Fed to raise rates

(Newser) - 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...

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