The U.S. economy added 138,000 jobs in May, while job growth for the previous two months was revised downward by 66,000. Over the past year, the monthly employment gain has averaged 181,000, the Labor Department reported. In an analysis, IHS Markit Chief Economist Nariman Behravesh wrote that the “disappointing” employment gains are “less a sign […]
The government has released the initial tally of jobs for May, and it’s higher than economists had predicted. Last month, the economy added 280,000 jobs, the U.S. Labor Department reported today. The consensus forecast for May was 224,000, according to IHS Global Insight. Recommend on Facebook Tweet about it
The job market reached a historic milestone in May, as employment grew by 217,000. The U.S. economy has now gained back all of the jobs that were shed during the recent recession, but there are still concerns about the types of positions that are being created. The nation’s unemployment rate remained at 6.3 percent, as […]
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 […]
The latest jobs report brought a whole lot of disappointing news. The economy added a weak 69,000 jobs last month — way below economists’ expectations of 155,000. In May, the unemployment rate increased slightly from 8.1 percent to 8.2 percent, reflecting an increase in the labor force. There was a large jump in the number […]
The job market turned in a disappointing performance last month, notching only a slight gain of 54,000 jobs. The results fell way short of expectations. Economists had predicted that employment for May would increase by 160,000. Meanwhile, the jobless rate rose slightly, from 9 percent to 9.1 percent. Recommend on Facebook Tweet about it
The U.S. economy added 431,000 new jobs last month, but much of the growth was in the public sector, the Labor Department reported today. In May, the federal government hired 411,000 temporary workers for the Census. Unemployment was 9.7 percent, down from 9.9 percent in April. Last month, employment in temporary-help services jumped by 31,000. […]
The U.S. unemployment rate continued its upward climb in May, hitting 9.4 percent. It’s the highest level since August 1983. The good news is that the pace of job losses continues to ease. The economy shed 345,000 jobs last month, according to the Labor Department. In contrast, monthly losses have averaged 643,000 during the previous […]