Tag: Us economy

Jobs Report: U.S. Economy Added 313,000 Jobs In February

U.S. employers added 313,000 non-farm jobs in February, exceeding expectations and marking the biggest gain since mid-2016. Economists polled by MarketWatch had predicted an increase of 222,000 jobs. January’s gains were adjusted up to 239,000 from 200,000. Unemployment remained at 4.1 percent, and hourly pay rose by 4 cents to $26.75. The 12-month wage gain…

U.S. Added 156K Jobs in August, Fewer Than Expected

The U.S. economy added 156,000 jobs in August, the Bureau of Labor Statistics reported early Friday. The lower than average increase was less than analysts had forecast—174,000 in Wall Street Journal surveys—but still an indicator of strong growth. Over the past three months, job gains had averaged 185,000. The unemployment rate increased slightly to 4.4…

Federal Reserve Raises Interest Rates By One Quarter-Point

The Federal Reserve raised interest rates for the second time in three months Wednesday, bumping the benchmark rate by one quarter-point. Wednesday’s rate hike shows Fed officials “forged ahead with an interest-rate increase and additional plans to tighten monetary policy despite growing concerns over weak inflation,” Bloomberg noted. The Fed’s inflation target is 2 percent;…

Lockheed Drops as Trump Tweets F-35 Costs Are ‘Out of Control’

Lockheed Martin Corp. shares drop after President-elect Donald Trump tweeted that costs for the F-35 fighter-jet program, the Pentagon’s most expensive weapons system, are “out of control.” “Billions of dollars can and will be saved on military (and other) purchases after January 20th,” the Monday post continued, referring to inauguration day. The tweet followed similar…

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. Economy Surges To Strongest GDP Growth In 2 years

The U.S. economy surged in the third quarter, with gross domestic product growing at an annualized rate of 2.9 percent, the Commerce Department reported Friday. By comparison, GDP growth in the previous three quarters was 1.4 percent, 0.6 percent, and 0.9 percent. The growth in this latest quarter was the best since the third quarter…

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…

U.S. Economy Adds 151,000 Jobs In August

The U.S. economy continued to build momentum in August, with employers adding 151,000 workers to their payrolls, the Labor Department reported early Friday. The unemployment rate held steady at 4.9 percent for the third consecutive month, and average hourly wages rose 0.1 percent. August is seen by economists as a difficult month to measure, as…

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…

NY Reaches Deal for $15 Minimum Wage [VIDEO]

Workers in New York City will be the first to benefit, as they will have to be paid a minimum of $15 per hour by the end of 2018, up from $9 currently (and $10.50 for fast-food workers). New York is only the second state to agree on the $15 mark, following California. Businesses with…

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,…

U.S. Economy Grew 3.7% in Spring [VIDEO]

The U.S. economy expanded by 3.7 percent in the second quarter of the year, the Commerce Department said Thursday, revising its initial estimate of a 2.3 percent GDP growth. The biggest change was in the area of business investment, which actually saw a 3.2 percent growth—compared with an earlier estimated decline of 0.6 percent.

Oil Exec Predicts $5 A Gallon Gas On The Way [VIDEO]

John Hofmeister attracted national attention in 2010 when he predicted that average U.S. gasoline prices would soar to $5 a gallon in 2012, thanks to rising crude oil prices. His forecast fell short, as the cost of filling up flirted with $4 in 2012, but never went higher. Now, with gasoline prices at $2.14, their…

Futures Higher, Point to Positive Start for 2015 [VIDEO]

U.S. stock index futures rose on Friday as equities looked to rebound from a sharp decline in the previous session, though moves and volume were likely to remain tepid as the holiday week draws to a close. Wall Street ended December with solid gains for both the year and fourth quarter, though a broad decline…

US Stock Market: Dow Hits A New High 18,000 [VIDEO]

The Dow Jones Industrial Average hit 18,000 for the first time at the opening bell Tuesday, getting a boost after the Commerce Department revised its estimated GDP for July-September to 5 percent growth — the fastest quarterly increase since 2003. Tech and consumer companies have logged some of the index’s biggest gains this year.

Stock Futures Lower After China, Japan Data Disappoints [VIDEO]

U.S. stock index futures dipped on Monday, indicating the S&P 500 may retreat from its latest record high, as soft data in China and Japan kindled global growth concerns. Economic data showed China’s exports rose at a slower than expected pace and imports dropped 6.7 percent in November, while Japan’s economy shrank more than expected…

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…

US Economy Grows By 4% In Second Quarter

The US economy grew at an annual rate of 4% during the April-to-June period, latest figures released by the US Department of Commerce have shown. The growth during the second quarter reverses the contraction seen earlier in the year. Following the report, the Federal Reserve said it would continue to ease back on its stimulus…

Payroll employment rises by 217,000 in May – Thanks Obama!

Payroll employment rises by 217,000 in May; unemployment rate unchanged at 6.3% THE EMPLOYMENT SITUATION — MAY 2014 Total nonfarm payroll employment rose by 217,000 in May, and the unemployment rate was unchanged at 6.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, health care and social…

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…

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…

3rd Quarter Growth in US Revised Up to 4.1%

The U.S. economy expanded in the third quarter at a faster rate than previously estimated as consumers stepped up spending on services such as health care and companies invested more in software. Gross domestic product climbed at a 4.1 percent annualized rate, the strongest since the final three months of 2011 and up from a…