The July employment report wasn’t as bad as feared, but analysts are still jittery about the state of the economy. The report showed that payrolls increased by 117,000, beating economists’ expectations of 85,000 new jobs. The unemployment rate fell slightly, from 9.2 percent to 9.1 percent. Last month, the number of people in the labor ...
The latest employment report shows that the job market continues to struggle. The Census Bureau laid off more temporary workers last month, and the economy overall lost 131,000 jobs. While the federal government shrank, the private sector created only 71,000 jobs. Gains occurred in manufacturing, health care, and mining. But employment in temporary-help services — ...
The unemployment rate dropped slightly in July and job losses slowed, providing some welcome news for the U.S. labor market. The jobless rate fell to 9.4 percent from 9.5 percent the previous month, according to the Labor Department. Employers cut 247,000 jobs in July, compared to a revised total of 443,000 in June. Cuts occurred ...