jobs report

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Powell Sees Progress Getting Inflation in Check

But Fed chief warns it will be a long process

(Newser) - Wall Street investors waited Tuesday to read the tea leaves in the latest public comments from Fed chief Jerome Powell, and they seem conflicted about the message. After Powell said the process of getting inflation in check was showing progress, the Dow quickly erased morning losses and rose more than...

Unemployment Rate Hasn't Been This Low Since 1969

Falls to 3.4%; stock market isn't happy with surprisingly strong jobs report

(Newser) - America’s employers added a robust 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve’s aggressive drive to slow growth and tame inflation with higher interest rates, per the AP . Analysts expected a figure of 187,000, notes the Wall Street Journal ...

Latest Jobs Report Pleases the Markets

Hiring is above expectations, but wage growth is lower, causing Dow futures to jump

(Newser) - Hiring cooled off a bit in December from the previous month, though the numbers reflect a still-strong labor market. Another part of Friday's unemployment report—on wage gains—has the stock market in a pretty good mood:
  • Hires: Employers added 223,000 jobs in December, slightly above expectations of
...

Hiring Is Again Stronger Than Expected

Employers added 261K jobs in October

(Newser) - The latest jobs report came in stronger than expected, which may not be great news for investors hoping the Fed eases up on rate increases. As the AP puts it, "the economy remains a picture of solid job growth and painful inflation." The details:
  • New jobs: Employers added
...

263K Jobs Added Last Month, Plus a Surprise Dip

Unemployment rate fell from 3.7% to 3.5%, matching a 5-decade low

(Newser) - America's employers slowed their hiring in September but still added a solid 263,000 jobs—a dose of encouraging news that may mean the Federal Reserve's drive to cool the job market and ease inflation is starting to make progress. Friday's government report showed that last month'...

US Jobs Streak Now at 20 Months and Counting

Employers added 315K workers in August, right in line with expectations

(Newser) - The new monthly jobs report is out, and it shows that employers are continuing to hire, though at a slower pace than in recent months:
  • The number: Employers added 315,000 jobs in August, almost exactly in line with expectations. That's down from 528,000 in July and the
...

Jobs Report Much Stronger Than Expected

Employers added 528K positions, far above estimates

(Newser) - The new jobs report is out, and it shows that the labor market is still booming:
  • Jobs: Employers added 528,000 jobs in July, far above expectations of 258,000, reports CNBC . The leisure and hospitality sector added the most (96,000), followed by health care (70,000).
  • Rate: The
...

Commerce Chief: Let's Stop 'Talking Ourselves Into a Recession'

Gina Raimondo says a severe downturn is not inevitable

(Newser) - Commerce Secretary Gina Raimondo is worried that talk of a recession will become a self-fulfilling prophecy. In an ABC News interview Sunday with George Stephanopoulos on This Week, Raimondo recounted a recent conversation with an unnamed CEO. "He said, 'The economy's strong. Customers are buying. Businesses are...

Strong June Jobs Report Has Investors Worried

Another 372K jobs were added

(Newser) - Hiring continues to defy expectations and remain strong, as the latest monthly report from the Labor Department demonstrates.
  • Big number: Employers added 372,000 jobs in June, well above analysts' predictions of 250,000, reports CNBC .
  • Steady rate: The unemployment rate remained at a low 3.6% for the fourth
...

For Every Unemployed Person, 2 Jobs Are Available

It's a record-high proportion; new jobs figures for April reflect continued hiring

(Newser) - The economy may be threatened on a number of fronts—inflation, a volatile stock market , a war overseas—but hiring is apparently not one of them. The new Labor Department numbers for April are out, and they reflect continued job growth:
  • Jobs: Employers added 428,000 jobs in April, which
...

Hiring Streak in US Sets an 80-Year Record

We've had 11 straight months with gains of more than 400K jobs

(Newser) - Despite red-hot inflation , US employers kept hiring at a solid pace in March. The key numbers:
  • Jobs: Employers added 431,000 jobs for the month, coming in a bit shy of expectations of about 490,000. However, the Wall Street Journal points out this marks 11 straight months with gains
...

Jobs Report Suggests We're on the Road to Recovery

Employers added 678K new jobs, topping expectations

(Newser) - The monthly jobs figures are out for February, and they signal a return to "something resembling normal," reports the New York Times . A drop in coronavirus cases coincided with strong hiring and increased consumer spending. More:
  • Jobs: Employers added 678,000 jobs in February, topping economists' forecasts for
...

Economists Expected Lousy Jobs Report, Got the Opposite

Employers added 467K jobs in January, way above estimates

(Newser) - Economists were expecting a lousy jobs report on Friday, but it came in much stronger than expected. Employers seem to have weathered the omicron surge in January better than anticipated. The numbers:
  • Jobs: Employers added 467,000 jobs in January, the Labor Department reported. Estimates varied widely ahead of the
...

US Hiring Misfires in December
US Hiring Misfires
in December
Jan 7, 2022 8:00 AM CST

US Hiring Misfires in December

Employers add fewer than 200K jobs, less than half of expectations

(Newser) - The new monthly jobs figures are out for December, and they came in way under expectations. What's more, these stats are pulled from the first half of the month; in this case, that's before the omicron variant began surging in earnest, notes the AP .
  • Hiring: Employers added 199,
...

New Jobs Report Is Out, and It's Disappointing

Employers added 210K jobs, lower than expected, and that's before omicron

(Newser) - Economists had high hopes about the new monthly jobs report, but those hopes fizzled when the stats came out Friday morning. Employers heartily missed expectations in regard to new hires. The details:
  • New jobs: Employers added 210,000 jobs in November, well below expectations that were well north of 500,
...

Jobs Report Comes In Stronger Than Expected

Employers added 531K jobs in October, more than forecast

(Newser) - The new monthly jobs report is out, and it's stronger than expected. Hiring in October improved significantly over September, though it's still behind the pace set in the first half of the year. The details:
  • New jobs: Employers added 531,000 jobs in October, above expectations of 400,
...

A Swing and a Miss for September's Jobs Report

Just 194K jobs were added last month

(Newser) - US employers added just 194,000 jobs in September, a second straight tepid gain and evidence that the pandemic still has a grip on the economy, with many companies struggling to fill millions of open jobs. Friday's report from the Labor Department also showed that the unemployment rate fell...

2 Words on Jobs Report: 'Huge Disappointment'

August numbers come in far below expectations

(Newser) - The new jobs report is in for August, and lackluster might be one word to describe it. "Huge disappointment" ( CNBC ) and "surprisingly weak" (the AP ) are others. The key numbers:
  • New jobs: Employers added 235,000 jobs for the month, but that is far below
...

Hiring Rebounds in May but Falls Short of Expectations

Employers added 559K jobs, double the figure from April

(Newser) - Last month's unemployment report was a bust . The new one for May is twice as strong, though still shy of expectations. The Labor Department reported Friday that employers added 559,000 jobs last month, below expectations of about 670,000, reports CNBC . The unemployment rate, meanwhile, fell to 5....

Jobs Report Misses Expectations by a Mile
Jobs Report Misses
Expectations by a Mile
UPDATED
May 7, 2021 8:33 AM CDT

Jobs Report Misses Expectations by a Mile

Employers added 266K jobs, well under predictions of about 1M

(Newser) - The new unemployment report for April is out, and the takeaway number didn't come close to meeting expectations. Details:
  • The number: Employers added 266,000 jobs in the month, even though analysts had expected roughly 1 million, reports CNBC . The outlet characterizes the figure as a "huge letdown.
...

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