AP Explains: Key takeaways from a surprising jobs report
4 years, 7 months ago

AP Explains: Key takeaways from a surprising jobs report

Associated Press  

BALTIMORE — No one saw it coming — 2.5 million job gains in May and a lower unemployment rate. Here are five major takeaways from a jobs report that showed the economy faring better than believed, even if the overall picture remains bleak, with many millions still jobless and unemployment well into double digits. The racial disparities run counter to the odd assertion made Friday by President Donald Trump that Floyd was “looking down” from heaven with admiration for the May jobs report. MORE PART-TIMERS The May jobs report revealed a curious increase in people saying they working part-time for “non-economic” reasons. In the aftermath of the pandemic, U.S. employers would have to replicate the strong gains from the May jobs report for the next seven months to return the country to where it was in February.

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History of this topic

5 key takeaways from the February US jobs report
1 year, 10 months ago

5 key takeaways from the February US jobs report

Associated Press  

WASHINGTON — The American job market has once again confounded expectations. “The labor market may be gradually cooling, but it is still red-hot.’’ MODEST WAGE GAINS Average hourly earnings rose just 0.2% in February, the smallest month-over-month increase in a year. “Annual wage growth remains well above the roughly 3.5% the Fed likely sees as consistent with its 2% inflation …

A robust June jobs report clouds outlook for US economy
2 years, 6 months ago

A robust June jobs report clouds outlook for US economy

Associated Press  

WASHINGTON — A strong hiring report for June has assuaged fears that the U.S. economy might be on the cusp of a recession — and highlighted the resilience of the nation’s job market. Or, conversely, painful inflation and steadily higher borrowing rates engineered by the Federal Reserve could discourage consumer and business spending and weaken growth, eventually leading businesses to …

EXPLAINER: 5 key takeaways from the June jobs report
2 years, 6 months ago

EXPLAINER: 5 key takeaways from the June jobs report

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. And the Fed will likely …

August jobs report: America added only 235,000 jobs in August
3 years, 4 months ago

August jobs report: America added only 235,000 jobs in August

CNN  

New York CNN Business — America’s jobs recovery hit a major roadblock in August as the Delta variant threatened the labor market recovery, and the US economy added far fewer jobs than expected. Only 235,000 jobs were added back to the economy last month, the lowest number since January, vastly missing economists’ expectations. In normal times the August report would …

EXPLAINER: 5 key takeaways from the July jobs report
3 years, 5 months ago

EXPLAINER: 5 key takeaways from the July jobs report

Associated Press  

NEW YORK — Even in a July jobs report that was nearly universally hailed as a good one, pockets of weakness and concern are still clouding the celebration. There’s also growing concern that the broad strength found in July jobs report may prove fleeting. The report looks at how many users add new employers to their profiles throughout the month, …

Better than expected jobs report shocks Fox's Maria Bartiromo: “Wow, big beat!”
3 years, 5 months ago

Better than expected jobs report shocks Fox's Maria Bartiromo: “Wow, big beat!”

Salon  

The Dow and the S&P 500 rocketed to record highs on the heels of a favorable July jobs report – a pleasant surprise for economists expecting less-than-stellar numbers as the economy rebounds from the COVID-19 crisis. On Friday, the Labor Department reported a whopping 943,000 jobs added last month, putting the unemployment rate at its lowest since March of 2020, …

Giving People Money Is Apparently Not Crushing The Economy
3 years, 7 months ago

Giving People Money Is Apparently Not Crushing The Economy

Huff Post  

LOADING ERROR LOADING If the federal government’s efforts to help the economy are actually hurting it, as Republicans have been claiming, the best available data isn’t corroborating that theory. April’s jobs report fueled complaints from employers and Republicans, who said that the extra $300 per week Congress added to state unemployment benefits prevented people from taking jobs. Labor Secretary Marty …

Biden's Labor Secretary Says Let's Not Freak Out Over One Jobs Report
3 years, 7 months ago

Biden's Labor Secretary Says Let's Not Freak Out Over One Jobs Report

Huff Post  

LOADING ERROR LOADING Friday’s jobs report could say the economy added nearly a million jobs last month ― or it could be another bust, signaling that the U.S. won’t bounce back from the coronavirus pandemic as quickly as hoped. Either way, U.S. Labor Secretary Marty Walsh says people shouldn’t read too much into a single employment situation report. When the …

May jobs report preview: Here’s why this summer’s jobs reports might seem underwhelming
3 years, 7 months ago

May jobs report preview: Here’s why this summer’s jobs reports might seem underwhelming

CNN  

New York CNN Business — The jobs recovery has slowed since last year’s buoyant rebound. “I’m not seeing any accelerator between now and September — and then a boom” when schools reopen, David Gilbertson, chief customer officer of workforce management business UKG, told CNN Business. “This is a sunny jobs report,” said ADP chief economist Nela Richardson on a media …

Why April’s disappointing jobs report may not be so bad for Biden
3 years, 8 months ago

Why April’s disappointing jobs report may not be so bad for Biden

LA Times  

In a stunning surprise for forecasters, U.S. employers added only 266,000 jobs in April, far below what most experts had predicted and a reminder that the future course of an economy badly shaken by COVID-19 remains uncertain. “The disappointing April jobs report highlights the urgent need to pass President Biden’s American Jobs and Families Plans,” House Speaker Nancy Pelosi said. …

Job report: America added way fewer jobs than expected in April
3 years, 8 months ago

Job report: America added way fewer jobs than expected in April

CNN  

New York CNN Business — The pandemic continues to roil America’s economy, setting the job market on its head. That was far less than forecasts of economists, who had predicted America would add 1 million jobs last month. But nothing is normal in this pandemic era, and America is still down 8.2 million jobs versus February last year before the …

AP Explains: 5 key takeaways from the July jobs report
4 years, 5 months ago

AP Explains: 5 key takeaways from the July jobs report

Associated Press  

WASHINGTON — A resurgence in COVID-19 cases didn’t shut off the American job creation machine last month — but it did slow it down. Here are five takeaways from July’s jobs report: JOBS GREW, BUT MORE SLOWLY Some economists feared that the resurgence in COVID cases would stop the jobs recovery in its tracks. July’s 1.8 million new jobs marked …

Why two months of U.S. job gains doesn’t mean the economy has rebounded from the corornavirus
4 years, 6 months ago

Why two months of U.S. job gains doesn’t mean the economy has rebounded from the corornavirus

LA Times  

Accelerating job growth in June and a second straight month of declining unemployment fanned hopes for a fast recovery after the economy suffered near-Great Depression losses in the spring. “We may see we’re losing jobs in coming months,” Shierholz said, barring new action by Congress and Trump to extend the programs. “I can’t imagine going back to a restaurant job.” …

US unemployment: 5 things to look for in Thursday’s jobs report
4 years, 6 months ago

US unemployment: 5 things to look for in Thursday’s jobs report

Al Jazeera  

The coronavirus outbreak is worsening in some states and national unemployment is at Depression-era levels. Economists have forecast that employers added three million jobs in June and that the unemployment rate dropped to 12.3 percent from 13.3 percent in May, according to data provider FactSet. While the unemployment rate for white Americans fell by 2 percentage points in May to …

January US jobs report may provide clarity amid disruptions
4 years, 11 months ago

January US jobs report may provide clarity amid disruptions

Associated Press  

WASHINGTON — With China’s viral outbreak disrupting trade and Boeing’s troubles weighing on American factories, the January U.S. jobs report on Friday may provide timely evidence of the U.S. economy’s enduring health. Along with January’s hiring data, the Labor Department is expected to report that the United States had 500,000 fewer jobs in March 2019 than previously estimated. But its …

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