Tag: Unemployment

Employment Up, Wages Not So Much

The unemployment rate falls to 17-year low but, hourly wages still not rising as fast as the GOP promised when cutting taxes for the Corporate Overlords. While the economy generated 164,000 jobs in April, it still fell short of the 188,000 forecasted jobs.  According to Market Watch, the decline in the unemployment rate was due to a…

U.S. Added 209K Jobs In July, Unemployment Down To 4.3%

The U.S. economy added 209,000 jobs in July, exceeding analysts’ expectations and indicating continued strength in American hiring. Unemployment edged down to 4.3 percent—matching May’s level and the lowest recorded in 16 years. Average hourly earnings rose 2.5 percent from a year earlier. The Wall Street Journal reports the “food services and drinking places” category…

Jobs Report: 211,000 Jobs Added, Unemployment Rate Fell To 4.4%

In April, the U.S. economy added 211,000 jobs and the unemployment rate fell to a new post-crisis low of 4.4%. This is the lowest unemployment rate since May 2007. Wages, which are closely tracked by the Federal Reserve, rose 0.3% month-on-month, as expected. The the annual increase in wages, however, disappointed with wages up just…

Economy Created Just 98,000 Jobs In March, Missing Expectations

The U.S. economy added just 98,000 non-farm jobs in March, falling significantly short of the 185,000 new jobs economists polled by MarketWatch had predicted. Despite the weak gains, the unemployment rate fell to 4.5 percent from 4.7 percent, hitting the lowest level in nearly a decade. The Labor Department’s Friday report also cut the estimate…

Obama Policies Created 235,000 Jobs Last Month

Nonfarm employers added a seasonally adjusted 235,000 jobs in February, above economists’ expectations for a 197,000 gain. Employers added a revised 238,000 in January for the best back-to-back performance since June and July 2016. One area of strength those two months: construction jobs. Over the past three months, total job growth has averaged 209,000. That…

Jobs Report: Payroll Employment Rises By 156,000 In December

U.S. employers added 156,000 jobs in December, capping a year of slower but solid hiring. The report is the last major snapshot of the economy President-elect Donald Trump will inherit from President Barack Obama. The Labor Department says the unemployment rate ticked up to 4.7 percent from a nine-year low of 4.6 percent. Hourly pay…

Unemployment Rate Drops To 4.6 Percent, A 9-Year Low

The Labor Department reported Friday that the U.S. economy added a healthy 178,000 jobs in November, roughly in line with forecasts. Economists surveyed by Reuters had predicted 175,000 new nonfarm jobs; those surveyed by Bloomberg had forecast 180,000. The gains, an improvement over October, nudged the unemployment rate down to 4.6 percent, a nine-year low,…

U.S. Economy Adds A Solid 161,000 Jobs In October

The U.S. economy added 161,000 non-farm jobs in October, according to the jobs report released Friday. The gains fell just short of the 175,000 increase predicted by economists surveyed by MarketWatch. Hiring figures from the two prior months also were adjusted slightly higher than initially reported. Together, the figures added to recent upbeat data supporting…

U.S. Adds 156,000 Jobs in September

The U.S. economy added 156,000 jobs in September, according to a Department of Commerce report released Friday—the last one before Election Day. Economists attribute a slight uptick in the unemployment rate to 5 percent to Americans re-entering the job search. According to revised figures from the government, 167,000 jobs were added in August and 252,000…

Jobs Report: U.S. Adds 255K Jobs in July

The U.S. added 255,000 jobs during the month of July, the Bureau of Labor Statistics annnounced Friday morning. The numbers handily beat expectations of 180,000 jobs, while the unemployment rate remained at 4.9 percent. However, job growth in May was extremely tepid: Just 38,000 new jobs were created, the BLS said originally, but that number…

Jobs Report: Payroll Employment Increases By 287,000 In June

Total nonfarm payroll employ-ment increased by 287,000 in June, and the unemployment rate rose to 4.9 percent, the U.S. Bureau of Labor Statistics reported today. Job growth occurred in leisure and hospitality, health care and social assistance, and financial activities. Employment also increased in information, mostly reflecting the return of workers from a strike. What…

Economy Added 38,000 Jobs In May [VIDEO]

The unem-ployment rate declined by 0.3 percentage point to 4.7 percent in May, and nonfarm payroll employment changed little (+38,000), the U.S. Bureau of Labor Statistics reported today. Employment increased in health care. Mining continued to lose jobs, and employment in information decreased due to a strike. Household Survey Data In May, the unemployment rate…

U.S. Added Strong 215K Jobs in March [VIDEO]

American employers in March added 215,000 jobs, according to new figures Friday from the Bureau of Labor Statistics. Average hourly wages rose 0.3 percent, up from the 0.1 percent registered in February. However, the unemployment rate edged up to 5 percent, a slight bump from 4.9 percent a month ago. So far this year, average…

February Jobs Report Better Than Expected [VIDEO]

U.S. companies added 242,000 new jobs last month, far exceeding expectations and possibly helping to ease widespread fears of an economic slowdown. The unemployment rate remained at 4.9 percent. The Bureau of Labor Statistics report amounts to 72 months of uninterrupted job gains, the longest streak on record. However, wages fell 0.1 percent for February,…

US Unemployment Low After Adding 223,000 Jobs in June [VIDEO]

U.S. employers added a solid 223,000 jobs in June, and the unemployment rate fell to 5.3 percent, a seven-year low. The drop in the unemployment rate from 5.5% in May to 5.3% June takes it to the level that the US government considers full employment, and heightens expectations that the Federal Reserve will raise interest…

THANKS OBAMA! Big February Jobs Report: Unemployment drops to 5.5% [VIDEO]

The U.S. economy added 295,000 jobs in February and the unemployment rate fell from 5.7 percent to 5.5 percent, extending the winter’s mounting labor market gains. The February jobs report released by the Bureau of Labor Statistics exceeded investors’ expectations, which were generally for 230,000 new jobs created. Unemployment drops to 5.5%. Here's the February…

Second-quarter GDP Growth Revised Up To 4.2 Percent [VIDEO]

Second-quarter GDP Growth Revised Up To 4.2 Percent The U.S. economy rebounded more strongly than initially thought in the second quarter, and details of a report on Thursday pointed to sustainable underlying strength. The Commerce Department said gross domestic product expanded at a 4.2 percent annual rate–instead of the previously reported 4.0 percent pace–reflecting upward…

Microsoft To Cut 18,000 Jobs, About 14% Of Its Staff

CEO Satya Nadella says in an email to employees that it was a “difficult” decision, but says changes will lead to “more productive, impactful teams across Microsoft.” A week after writing a 3,100 word company-wide memo on Microsoft’s “bold ambition and our core focus,” the company’s chief executive officer wrote another, shorter memo to his…

U.S. Economy Added 281,000 Private-Sector Jobs in June

ADP NATIONAL EMPLOYMENT REPORT: PRIVATE SECTOR EMPLOYMENT INCREASED BY 281,000 JOBS IN JUNE Private sector employment increased by 281,000 jobs from May to June according to the June ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP®, a leading global provider…

U.S. Economy Added 179,000 Private-Sector Jobs in May, According to ADP National Employment Report.

ADP NATIONAL EMPLOYMENT REPORT: PRIVATE SECTOR EMPLOYMENT INCREASED BY 179,000 JOBS IN MAY Private sector employment increased by 179,000 jobs from April to May according to the May ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP®, a leading global provider…

Payroll employment rises 288,000 in April; unemployment rate falls to 6.3%

THE EMPLOYMENT SITUATION — APRIL 2014 Total nonfarm payroll employment rose by 288,000, and the unemployment rate fell by 0.4 percentage point to 6.3 percent in April, the U.S. Bureau of Labor Statistics reported today. Employment gains were widespread, led by job growth in professional and business services, retail trade, food services and drinking places,…

U.S. Economy Added 139,000 Private-Sector Jobs in February

Source: ADP®, Automatic Data Processing U.S. Economy Added 139,000 Private-Sector Jobs in February, According to ADP National Employment Report. ADP NATIONAL EMPLOYMENT REPORT: PRIVATE SECTOR EMPLOYMENT INCREASED BY 139,000 JOBS IN FEBRUARY ROSELAND, N.J. –March 5, 2014 –Private sector employment increased by 139,000 jobs from January to February according to the February ADP National Employment…

Payroll employment rises in January (+113,000); unemployment rate changes little (6.6%)

THE EMPLOYMENT SITUATION — JANUARY 2014 Total nonfarm payroll employment rose by 113,000 in January, and the unemployment rate was little changed at 6.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment grew in construction, manufacturing, wholesale trade, and mining. …. Household Survey Data Both the number of unemployed persons, at 10.2 million,…

U.S. Economy Added 175,000 Private-Sector Jobs in January, According to ADP National Employment Repo

Source: Automatic Data Processing, ADP® ADP National Employment Report: Private Sector Employment Increased by 175,000 Jobs in January Roseland, N.J. – February 5, 2014 – Private sector employment increased by 175,000 jobs from December to January according to the January ADP National Employment Report®. …. Goods-producing employment rose by 16,000 jobs in January, down from…

December unemployment rate declines (6.7%); payroll employment edges up (+74,000)

The unemployment rate declined from 7.0 percent to 6.7 percent in December, while total nonfarm payroll employment edged up (+74,000), the U.S. Bureau of Labor Statistics reported today. Employment rose in retail trade and wholesale trade but was down in information. —————————————————————————– | Revision of Seasonally Adjusted Household Survey Data | | | | Seasonally…

VIDEO – Obama calls for legislation to extend unemployment insurance

In his weekly address on Saturday, President Barack Obama called on Congress to make bipartisan legislation extending emergency unemployment insurance a top priority as lawmakers return to work in 2014. “For a lot of people and a lot of families, this is their only income source,” said National Employment Law Project federal advocacy coordinator Judy…

U.S. Jobless Claims Fall To 323,000

Hooray! Americans seeking unemployment dropped to 323,000 from 332,000 a week ago, making it the lowest level since October 2007. The four-week average declined 3,000 to 328,500, and economists are forecasting that employers added 177,000 jobs in August, an increase of 15,000 in July alone. And while there are still a large number of Americans…