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Economy

“U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%”

“… …” https://www.cnbc.com/2024/05/03/jobs-report-april-2024-us-job-growth-totaled-175000-in-april.html

Economy

“Job growth zoomed in March as payrolls jumped by 303,000 and unemployment dropped to 3.8%”

“…Nonfarm payrolls increased 303,000 for the month, well above the Dow Jones estimate for a rise of 200,000 and higher than the downwardly revised 270,000 gain in February, the Labor Department’s Bureau of Labor Statistics reported Friday…” https://www.cnbc.com/2024/04/05/job-growth-totaled-303000-in-march-better-than-expected-and-unemployment-was-3point8percent.html I dont… Continue Reading…

Economy

“June jobs report live updates: 209,000 jobs added as unemployment falls to 3.6%”

“Hiring slowed but remained sturdy in June as U.S. employers added 209,000 jobs despite inflation, high interest rates and nagging recession fears. Still, that’s the weakest showing since employers shed jobs in December 2020. The unemployment rate fell from 3.7% to 3.6%, the Labor Department… Continue Reading…

Economy

“A US debt default could spark mass unemployment, payment failures, and catastrophe that would raise interest rates ‘into perpetuity,’ Treasury Secretary Janet Yellen warns”

“…A government debt default would be catastrophic for the US economy, sparking mass unemployment, payment failures, and interest rates rising “into perpetuity,” according to US Treasury Secretary Janet Yellen. “Since 1789, the United States has paid all of our bills… Continue Reading…

Economy

“Who Will It Hurt The Most When Unemployment Rises?”

“EDITOR’S NOTE: The Federal Reserve has made it clear that reining-in inflation is its number one priority. One likely consequence is that corporate hiring will freeze, layoffs will commence, and jobs will be lost. As unemployment rises, the distribution of… Continue Reading…

Economy

“…Labor Force Participation and Number of Employed People Fall; Unemployment Rate Holds at 3.6%”

“Non-farm payrolls added 428,000 jobs in April, in line with the the consensus estimate of around 400,000, the Labor Department’s Bureau of Labor Statistics reported on Friday. The number of employed people fell to 158,105,000, a decrease of 353,000 from… Continue Reading…

Economy

“Fewest Americans collecting jobless aid since 1970”

” Applications for unemployment benefits inched down last week as the total number of Americans collecting aid fell to its lowest level in more than 50 years. Jobless claims fell by 2,000 to 184,000 last week, the Labor Department said Thursday.… Continue Reading…

Economy

“February jobs rose a surprisingly strong 678,000, unemployment edged lower while wages were flat”

“Job growth accelerated in February, posting its biggest monthly gain since July as the employment picture got closer to its pre-pandemic self. Nonfarm payrolls for the month grew by 678,000 and the unemployment rate was 3.8%, the Labor Department’s Bureau… Continue Reading…

Economy

“Jobless claims: Another 268,000 individuals filed new unemployment claims last week”

“…The Labor Department released its jobless claims report Thursday. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Initial unemployment claims, week ended November 13: 268,000 vs. 260,000 expected and an upwardly revised 269,000 during prior week … Continue Reading…

Economy

“More than 7 million Americans to lose jobless benefits on Labor Day”

“Over seven million people across the U.S. will lose their unemployment benefits beginning on Monday as pandemic safety nets expire.  The emergency federal jobless benefits are set to end on Labor Day, while another three million people will lose their additional $300 boost to state unemployment… Continue Reading…