The job market is generating a lot of positive news. Payrolls grew by 209,000 last month, while the unemployment rate declined slightly and wages rose. Employment growth was led by food services and drinking places, which added 53,000 jobs. Other winners were professional and business services, with 49,000 new jobs; and health care, which gained […]
Last month brought some solid employment gains, as employers created 255,000 new jobs nationwide. The jobless rate stayed at 4.9 percent, as the labor force increased by 407,000, the Labor Department reported today. The labor force participation rate rose from 62.7 percent to 62.8 percent. On the White House blog, President Obama’s chief economist Jason […]
The unemployment rate stayed at 5.3 percent last month as the economy generated 215,000 new jobs, the Labor Department announced today. For May and June, the government revised job gains upward. For those two months combined, there were 14,000 more jobs than earlier reported. “The report, in line with expectations, shows overall a solid performance […]
Employment in the U.S. expanded for another month, with business services dominating the scene. The economy gained 209,000 new jobs in July, the Labor Department reported today. The unemployment rate increased slightly from 6.1 percent to 6.2 percent, as 329,000 people entered the labor force. Recommend on Facebook Tweet about it
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 […]
In a hopeful sign, employers created more jobs than expected last month. However, the unemployment rate increased slightly to 8.3 percent. Payrolls increased by 163,000, beating economists’ expectations of 100,000 new jobs. Employment growth occurred in professional and business services, food services and drinking places, manufacturing, health care, and wholesale trade. While several areas grew, […]
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 […]