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Economy

“Fed Official Warns of 30% Unemployment”

“Reserve official believes unemployment could hit 30% in the months ahead as the ongoing coronavirus pandemic – and the widespread business closures that have been adopted to stem its spread – wreaks havoc on the U.S. economy. James Bullard, president… Continue Reading…

Economy

“U.S. adds 136,000 jobs in September, unemployment rate hits 50-year low”

“The numbers: The economy added 136,000 new jobs in September, the government said Friday. Economists polled by MarketWatch had forecast a 150,000 increase. …employment gains for August and July revised up by a combined 45,000, And in a separate survey, the U.S. unemployment… Continue Reading…

Economy

“Economy added 263,000 jobs in April, unemployment falls to lowest level since 1969”

The economy added a healthy 263,000 jobs in April, firmly beating analyst expectations of 190,000, according to Friday’s monthly snapshot from the Department of Labor… The nation’s unemployment level fell to 3.6 percent, the lowest since December 1969, and average… Continue Reading…

Economy

“US weekly jobless claims drop to the lowest level since 1969”

“The number of Americans filing applications for unemployment benefits dropped to a 49-1/2-year low last week, pointing to sustained labor market strength that could temper expectations of a sharp slowdown in economic growth. Initial claims for state unemployment benefits fell… Continue Reading…

Economy

Economy: 20,000 jobs in February, wages up, Low unemployment

“The economy gained a meager 20,000 jobs in February, falling far short of analyst expectations of 185,000 and indicating that the nation’s 10-year economic expansion has potentially hit a speed bump. Despite the stalled job growth, the rest of the… Continue Reading…