Archive for News

August Employment Comes in Below Expectations

September 6, 2013 No Comments

The economy created 169,000 new jobs last month, fewer than predicted by economists. In August, retail trade and health care drove the gains. Employment in retail trade increased by 44,000, and health care added 33,000 jobs. Still, the economy failed to produce the 180,000 new jobs that were forecast. Recommend on Facebook Tweet about it

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Payrolls Increase, but Jobs Report Raises Concerns

August 2, 2013 No Comments

The U.S. economy created 162,000 jobs in July, the Labor Department reported today. However, there was still plenty of disappointing news from the job market. The overall employment numbers fell short of economists’ expectations of 185,000 jobs, and many of the new jobs are relatively low-paying. Also, the report shows that the economy created fewer […]

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Employers Hiring at Strong Pace

July 5, 2013 No Comments

The U.S. economy created 195,000 new jobs last month — and the employment gains for April and May were larger than previously reported. A particularly strong category was professional and business services, which added 53,000 jobs. Other areas of employment growth included bars and restaurants, retail trade, and health care. However, manufacturing lost 6,000 jobs, […]

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Jobs Report Shows Steady Employment Growth

June 7, 2013 No Comments

Employers created 175,000 jobs nationwide in May, and a growing labor force pushed the unemployment rate up. The employment growth was powered by the service sector, which accounts for about 80 percent of jobs in the country, IHS Chief Economist Nariman Behravesh wrote in a commentary. While the service sector created 178,000 jobs and construction […]

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Employers Boost Hiring in April

May 3, 2013 No Comments

The unemployment rate dropped to 7.5 percent last month, as employers hired more people than expected. In April, the economy gained 165,000 jobs, beating economists’ predictions of 140,000 new positions. Employment growth is also up from March, when employers created 138,000 new jobs, according to the government’s revised numbers. Another good sign: the revised figures […]

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Pace of Job Creation Slows in March

April 5, 2013 No Comments

The new employment report brought a lot of underwhelming news. Economists had forecast that 200,000 new jobs would appear last month, but the government reported today that the job growth in March was only 88,000. In contrast, the government’s revised numbers show that the economy added 268,000 jobs in February. The slowdown created new uncertainty […]

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Strong Job Growth Reported for February

March 8, 2013 No Comments

Employers created 236,000 jobs last month — an extremely strong pace of hiring that surprised economists. Meanwhile, the U.S. jobless rate dropped from 7.9 percent to 7.7 percent, the Labor Department reported today. One especially strong area was professional and business services, which added 73,000 new positions. Gains also occurred in construction, health care, retail […]

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Walmart Promises Bold Moves to Boost Employment

February 19, 2013 No Comments

Retail giant Walmart is moving forward with ambitious plans to increase job opportunities in three areas. Last month, the company announced major plans to hire more veterans and to boost U.S. manufacturing, while promoting advancement opportunities for part-time employees. The announcements received a lot of publicity because of Walmart’s huge influence – ranking as the […]

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New Year Kicks Off with 157,000 New Jobs

February 1, 2013 No Comments

Employers continued to boost their payrolls in the new year, with 157,000 jobs created in January. Nevertheless, the nation’s unemployment rate increased slightly, from 7.8 percent to 7.9 percent. One particularly strong area was retail trade, which added nearly 33,000 jobs. Other areas of employment growth included construction, health care, and professional and business services. […]

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Employers Continue Hiring as 2012 Ends

January 4, 2013 No Comments

The U.S. economy continued to add jobs at a steady pace during the holiday season, according to the government’s latest report. The nation added 155,000 jobs in December, meeting economists’ expectations for the month. The unemployment rate was 7.8 percent, the same level as the previous month. (The government revised the November jobless rate from […]

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