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.” Clews was caught in one of the early rounds of pandemic-induced layoffs that began with low-wage work such as food services, barbershops and movie theaters. “As the demand from businesses and consumers decreases, then economic uncertainty increases, and there’s just less demand to actually hire new workers, even in industries where remote work is possible,” said Daniel Zhao, Glassdoor’s senior economist. As of May, she said, the number of open jobs on Glassdoor that contain “entry level” or “new grad” in the job title was down 68% from this time last year.

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History of this topic

US applications for jobless claims fall to 201,000, lowest level in nearly a year
Trending News
1 day, 4 hours ago

US applications for jobless claims fall to 201,000, lowest level in nearly a year

Associated Press  

U.S. applications for unemployment benefits fell to their lowest level in nearly a year last week, pointing to a still healthy labor market with historically low layoffs. The Labor Department on Wednesday said that applications for jobless benefits fell to 201,000 for the week ending January 4, down from the previous week’s 211,000. When the Labor Department releases hiring numbers …

U.S. applications for jobless claims fall to 201,000, lowest level in nearly a year
1 day, 18 hours ago

U.S. applications for jobless claims fall to 201,000, lowest level in nearly a year

LA Times  

A help wanted sign is displayed at a restaurant in Chicago on Nov. 25, 2024. U.S. applications for unemployment benefits fell to their lowest level in nearly a year last week, pointing to a still healthy labor market with historically low layoffs. The Labor Department on Wednesday said that applications for jobless benefits fell to 201,000 for the week ending …

US unemployment claims hit 8-month low as consistent environment prevails job market
1 week ago

US unemployment claims hit 8-month low as consistent environment prevails job market

Live Mint  

United States unemployment applications hit an eight-month low, reflecting the lower level of job cuts in the labour market, reported the news agency Bloomberg on Thursday, January 2. The continuing applications data, which represents a proxy for the number of people receiving benefits, also dropped to a three-month low of 1.84 million in the week ended December 21, 2024, reported …

US unemployment claims fall to 211,000, the lowest level since March
1 week ago

US unemployment claims fall to 211,000, the lowest level since March

Associated Press  

WASHINGTON — The number of Americans applying for unemployment checks dropped last week to the lowest level since March, suggesting that suggest most U.S. workers continue to enjoy unusually high job security. The overall numbers receiving unemployment benefits fell by 52,000 to 1.84 million, the lowest since September. When the Labor Department releases hiring numbers for December on Jan. 10, …

U.S. unemployment claims fall to 211,000, the lowest level since March
1 week ago

U.S. unemployment claims fall to 211,000, the lowest level since March

LA Times  

Two economists called the unemployment drops “encouraging’’ but cautioned that seasonal adjustments around the holidays can throw off the numbers. The number of Americans applying for unemployment checks dropped last week to the lowest level since March, suggesting that most U.S. workers continue to enjoy unusually high job security. Thomas Simons and Sam Saliba, economists at Jefferies, called the drops …

US applications for unemployment benefits come back down after last week’s big rise
3 weeks ago

US applications for unemployment benefits come back down after last week’s big rise

Associated Press  

The number of Americans applying for unemployment benefits fell markedly last week following a big increase the week before. Continuing claims, the total number of Americans collecting jobless benefits, fell by 5,000 to 1.87 million for the week of Dec. 7. Earlier this month, the government reported that U.S. job openings rebounded to 7.7 million in October from a 3 …

U.S. applications for jobless benefits rise to highest level in 2 months but remain relatively low
4 weeks ago

U.S. applications for jobless benefits rise to highest level in 2 months but remain relatively low

LA Times  

A help wanted sign is displayed at a restaurant in Chicago on Nov. 25. U.S. applications for unemployment benefits jumped to their highest level in two months last week but remain low relative to historical standards. This week’s report also showed that continuing claims, the total number of Americans collecting jobless benefits, rose by 15,000 to 1.89 million for the …

US job data: These are the top hiring sectors as employers add 227,000 jobs in November
1 month ago

US job data: These are the top hiring sectors as employers add 227,000 jobs in November

Hindustan Times  

Amid fears of massive tariffs and inflation, November proved to be a strong month for job creation in the United States. Health Care, Hospitality, and Government: Top performing sectors The biggest job gains came from private education and health services, which added 79,000 positions. Government hiring contributed 33,000 positions, while other sectors also performed well, with manufacturing showing strong job …

November jobs report shows healthy labor market with 227,000 new roles - up dramatically from slow October
1 month ago

November jobs report shows healthy labor market with 227,000 new roles - up dramatically from slow October

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy America's job market rebounded …

US added a strong 227,000 jobs in November in bounce-back from October slowdown
Top News
1 month ago

US added a strong 227,000 jobs in November in bounce-back from October slowdown

Associated Press  

WASHINGTON — America’s job market rebounded in November, adding 227,000 workers in a solid recovery from the previous month, when the effects of strikes and hurricanes had sharply diminished employers’ payrolls. The November employment report provided the latest evidence that the U.S. job market remains durable even though it has lost significant momentum from the 2021-2023 hiring boom, when the …

US hiring rebounds after slump on hurricanes, strike
1 month ago

US hiring rebounds after slump on hurricanes, strike

New Indian Express  

WASHINGTON: The US economy added more jobs than expected last month, government data showed Friday, bouncing back from a dramatic slowdown triggered by hurricanes and labor strikes. While Boussour said she expects job growth to settle "below trend" as the labor market cools gradually, she added that "a labor market downturn isn't on the near-term horizon" with layoffs remaining relatively …

Job growth beats expectations in November, rising by 227,000
Trending News
1 month ago

Job growth beats expectations in November, rising by 227,000

Salon  

Job growth that stalled in October rebounded the following month as the effects of hurricanes and labor disputes subsided, the Bureau of Labor Statistics reported Friday. Employment rates showed “little or no change over the month in other major industries,” according to the Bureau of Labor Statistics, including the construction, transportation, information, financial professions and business services sectors. “Job creation …

U.S. job growth bounces back in November, a reassuring sign that the labor market remains healthy
1 month ago

U.S. job growth bounces back in November, a reassuring sign that the labor market remains healthy

LA Times  

Job growth rebounded in November from the weather-related stall in hiring the previous month, fresh evidence that the U.S. labor market remains healthy despite signs of a slowing economy overall, according to new government data released Friday. Friday’s report showed that employers nationwide added 227,000 jobs in November, led by big gains in healthcare and leisure and hospitality. November’s overall …

US job openings rose last month, though hiring slowed, in mixed picture for labor market
1 month ago

US job openings rose last month, though hiring slowed, in mixed picture for labor market

Associated Press  

WASHINGTON — The number of job postings in the United States rebounded in October from a 3 1/2 year low in September, a sign that businesses are still seeking workers even though hiring has cooled. Last month, job openings rose sharply in professional and business services, a category that includes engineers, managers, and accountants, as well as in the restaurant …

Job openings rose while hiring dropped in October, labor report shows
1 month ago

Job openings rose while hiring dropped in October, labor report shows

Salon  

Job openings and resignations increased substantially in October while the number of hires and layoffs dropped, according to a Tuesday report from the Bureau of Labor Statistics that showed a mixed picture of the U.S. labor market. The increased number of job openings appeared mostly in professional and business services, as well as service and IT industries, jumping by 372,000 …

Number of Americans filing for jobless benefits falls again and hovers near 7-month lows
1 month, 1 week ago

Number of Americans filing for jobless benefits falls again and hovers near 7-month lows

Associated Press  

The number of Americans applying for unemployment benefits fell last week, remaining near seven-month lows. However, continuing claims, the total number of Americans collecting jobless benefits, rose by 9,000 to 1.91 million for the week of Nov. 16. While the number of new people applying for jobless aid each week remains at historically healthy levels, some who are receiving benefits …

U.S. applications for jobless benefits fall to 213,000, staying near 7-month lows
1 month, 2 weeks ago

U.S. applications for jobless benefits fall to 213,000, staying near 7-month lows

LA Times  

Hiring signs are displayed at a restaurant in Buffalo Grove, Ill., on Nov. 3. The Labor Department reported Thursday that the number of jobless claim applications fell by 6,000, to 213,000, for the week of Nov. 16. However, continuing claims, the total number of Americans collecting jobless benefits, rose by 36,000, to 1.91 million, for the week of Nov. 9. …

Final jobs report before 2024 election shows lackluster numbers amid hurricanes, strikes
2 months, 1 week ago

Final jobs report before 2024 election shows lackluster numbers amid hurricanes, strikes

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email 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. “In addition, I want to congratulate the leadership …

US Jobs Report October 2024: Live News on Employment, Payrolls
2 months, 1 week ago

US Jobs Report October 2024: Live News on Employment, Payrolls

Bloomberg  

Hiring last month advanced at the slowest pace since 2020. Nonfarm payrolls increased 12,000 last month, following a downward revision to the prior two months. The unemployment rate held at 4.1% and hourly earnings remained firm Importantly, the BLS said the hurricanes likely affected payrolls in some industries, but said it is not possible to quantify the net effect on …

JOBS REPORT: U.S. Adds Robust 254,000 Jobs And Unemployment Dips To 4.1%
3 months ago

JOBS REPORT: U.S. Adds Robust 254,000 Jobs And Unemployment Dips To 4.1%

Huff Post  

LOADING ERROR LOADING WASHINGTON — America’s employers added a surprisingly strong 254,000 jobs in September, easing concerns about a weakening labor market and suggesting that the pace of hiring is still solid enough to support a growing economy. Payroll employment rises by 254,000 in September; unemployment rate changes little at 4.1% #JobsReport #BLSdata https://t.co/ZwrVfLviqL — BLS-Labor Statistics October 4, 2024 …

US Jobs data: Payroll gains miss expectations at a disappointing 142,000
4 months ago

US Jobs data: Payroll gains miss expectations at a disappointing 142,000

Hindustan Times  

August payrolls expanded by 142,000, weaker than expected. US job gains for the past twelve months ending in March showed there were 818,000 fewer jobs than previously reported in the largest downward revision since 2009. It’s not disaster, but it’s below expectations on the headline, and what really bothers me is the revisions,” said Dan North, senior economist for North …

Jobs report will help Federal Reserve decide how much to cut interest rates
4 months ago

Jobs report will help Federal Reserve decide how much to cut interest rates

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 Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. If it shows that hiring was weak in August …

Applications for U.S. jobless benefits fall to two-month low as layoffs remain at healthy levels
4 months ago

Applications for U.S. jobless benefits fall to two-month low as layoffs remain at healthy levels

LA Times  

The number of Americans filing for unemployment benefits fell to its lowest level in two months last week, signaling that layoffs remain relatively low despite other signs of labor market cooling. Economists polled by FactSet expect Friday’s August jobs report to show that the U.S. added 160,000 jobs, up from 114,000 in July, and that the unemployment rate dipped to …

Fewer Americans file jobless claims as U.S. labor market continues to defy elevated interest rates
4 months, 1 week ago

Fewer Americans file jobless claims as U.S. labor market continues to defy elevated interest rates

LA Times  

A hiring sign is displayed at a restaurant in Mount Prospect, Ill., on Tuesday. The number of Americans filing for unemployment benefits fell slightly last week as the U.S. labor market remains healthy in the face of high interest rates. But they started rising in May, hitting 250,000 in late July and adding to evidence that high interest rates were …

U.S. applications for unemployment benefits inch up, but remain at historically healthy levels
4 months, 2 weeks ago

U.S. applications for unemployment benefits inch up, but remain at historically healthy levels

LA Times  

A hiring sign is displayed at a liquor store in Arlington Heights, Ill., in May. The number of Americans filing for unemployment benefits rose modestly last week, but the level of claims remains at healthy levels. But they started rising in May, hitting 250,000 in late July and adding to evidence that high interest rates are taking a toll on …

US sharply lowers number of jobs added in year ending in March
4 months, 2 weeks ago

US sharply lowers number of jobs added in year ending in March

Al Jazeera  

Economists are divided on the extent of the rate cuts that the US Federal Reserve should undertake this year in light of the latest employment data. The revised total adds to evidence that the job market has been steadily slowing and likely reinforces the US Federal Reserve’s plan to start cutting interest rates soon. The downgraded estimate follows a jobs …

The job market might be more fragile than previously thought
4 months, 2 weeks ago

The job market might be more fragile than previously thought

NPR  

The job market might be more fragile than previously thought NPR’s Ailsa Chang talks to senior economist at Wells Fargo, Sarah House, about the revision in jobs numbers that show the U.S. economy employed 818,000 fewer people that originally reported in March. HOUSE: Yeah, so it is pretty surprising to see that sort of downward revision when the economy is …

Fewer Americans filed for jobless benefits last week, but applications remain slightly elevated
5 months ago

Fewer Americans filed for jobless benefits last week, but applications remain slightly elevated

LA Times  

The number of Americans filing for jobless benefits fell last week but remain at slightly elevated though not troubling levels. Jobless claims for the week of Aug. 3 fell by 17,000 to 233,000 last week, the Labor Department reported Thursday. Thursday’s report was the first snapshot of the U.S. labor market since last week’s deeply disappointing jobs data for July …

US Unemployment Rate Increases For Fourth Straight Month
5 months, 1 week ago

US Unemployment Rate Increases For Fourth Straight Month

Huff Post  

WASHINGTON — The U.S. economy suffered an unexpected setback in July, as hiring fell sharply and the unemployment rate rose for the fourth straight month as sustained higher interest rates take a toll on businesses and consumers. The sturdiness of the U.S. economy — the world’s largest — has been a key driver of global economic growth and the U.S. …

With 114,000 new jobs in July, hiring slows down in US. Unemployment rate at 4.3%
5 months, 1 week ago

With 114,000 new jobs in July, hiring slows down in US. Unemployment rate at 4.3%

Firstpost  

US hiring slowed sharply in July, adding only 114,000 jobs well below the forecasted 175,000, causing the unemployment rate to rise to 4.3%, the highest since October 2021. The unemployment rate unexpectedly surged to 4.3%, its highest level since October 2021, contrary to expectations of it remaining steady at 4.1%. Many economists believe that today’s rising unemployment rates reveal an …

US hiring fell sharply in July, an unexpected setback for the economy stoking recession fears
5 months, 1 week ago

US hiring fell sharply in July, an unexpected setback for the economy stoking recession fears

Associated Press  

WASHINGTON — The U.S. economy suffered an unexpected setback in July as hiring fell sharply and the unemployment rate rose for the fourth straight month with raised interest rates taking a toll on businesses and households. The unemployment rate’s jump to 4.3% in July crossed a tripwire that historically has signaled recession — though economists say the gauge probably is …

As jobless claims hit highest level in a year, labor market remains healthy
5 months, 1 week ago

As jobless claims hit highest level in a year, labor market remains healthy

LA Times  

The number of Americans filing for unemployment benefits jumped to its highest level in a year last week, even as the labor market remains surprisingly healthy in an era of high interest rates. Jobless claims for the week that ended July 27 climbed to 249,000 from 235,000 the previous week, the Labor Department reported Thursday. Weekly unemployment claims are widely …

As job growth in California falls back, unemployment rate remains highest in the country
7 months, 3 weeks ago

As job growth in California falls back, unemployment rate remains highest in the country

LA Times  

A poster explains ways to file for unemployment insurance benefits at the JobTrain employment office in Menlo Park. California posted another month of anemic job growth in April, keeping the state’s unemployment rate the highest in the country, 5.3%, the government reported Friday. Major sectors of California’s economy — including manufacturing, information and professional and business services — showed job …

US applications for jobless benefits come back down after last week’s 9-month high
7 months, 3 weeks ago

US applications for jobless benefits come back down after last week’s 9-month high

Associated Press  

Fewer Americans applied for unemployment benefits last week as layoffs remain at historically low levels even as other signs that the labor market is cooling have surfaced. Last week’s applications were the most since the final week of August 2023, though it’s still a relatively low number of layoffs. Weekly unemployment claims are considered a proxy for the number of …

US weekly jobless claims hit highest level since August of 2023, though job market is still hot
8 months ago

US weekly jobless claims hit highest level since August of 2023, though job market is still hot

Associated Press  

The number of Americans applying for unemployment benefits jumped to its highest level in more than eight months last week, another indication that the red hot U.S. labor market may be softening. Though last week’s claims were the most since the final week of August 2023, it’s still a relatively low number of layoffs and not cause for concern. Weekly …

U.S. Employers Scaled Back Hiring In April But Still Added 175,000 Jobs
8 months ago

U.S. Employers Scaled Back Hiring In April But Still Added 175,000 Jobs

Huff Post  

LOADING ERROR LOADING WASHINGTON — The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market. Yet the moderation in the pace of hiring, along with a slowdown last month in wage growth, will likely be …

US job openings fall to 8.5 million in March, the lowest level in more than 3 years
8 months, 1 week ago

US job openings fall to 8.5 million in March, the lowest level in more than 3 years

Associated Press  

WASHINGTON — U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher interest rates. The Labor Department reported Wednesday that employers posted 8.5 million vacancies in March, down from 8.8 million in February and the …

Will the US unemployment rate continue at historic lows?
9 months ago

Will the US unemployment rate continue at historic lows?

Al Jazeera  

US job growth has continued at a steady clip in the months since the COVID-19 pandemic, but experts are looking for warning signs. All eyes will be on Friday’s US unemployment numbers to see how many jobs were added in March and whether the unemployment rate continues to stay in its historically low range or if it is time for …

US job openings rise modestly to 8.8 million in February in strong labor market
9 months, 1 week ago

US job openings rise modestly to 8.8 million in February in strong labor market

Associated Press  

WASHINGTON — U.S. job openings barely changed in February, staying at historically high levels in a sign that the American job market remains strong. But the Job Openings and Labor Turnover Survey, or JOLTS, showed that layoffs ticked up to 1.7 million in February from 1.6 million in January, highest since March 2023. “Job openings are still elevated relative to …

Applications for US unemployment benefits dip to 210,000 in strong job market
9 months, 1 week ago

Applications for US unemployment benefits dip to 210,000 in strong job market

Associated Press  

NEW YORK — The number of Americans signing up for unemployment benefits fell slightly last week, another sign that the labor market remains strong and most workers enjoy extraordinary job security. Applications for unemployment benefits are viewed as a proxy for layoffs and a sign of where the job market is headed. Economists expect some tightening in the jobs market …

California’s unemployment rate is the highest in the nation. Slower job growth is to blame
9 months, 2 weeks ago

California’s unemployment rate is the highest in the nation. Slower job growth is to blame

Associated Press  

SACRAMENTO, Calif. — California’s unemployment rate is now the highest in the country, reaching 5.3% in February following new data that revealed job growth in the nation’s most populous state was much lower last year than previously thought. But this year, while the data initially showed California added 300,000 jobs between September 2022 and September 2023, the corrected numbers released …

Jobs surge sees unemployment rate tumble back to 3.7 per cent
9 months, 2 weeks ago

Jobs surge sees unemployment rate tumble back to 3.7 per cent

ABC  

In short: An additional 116,500 Australians were employed in February, the biggest monthly jobs gain on record, outside of the pandemic period. The unemployment rate has dropped back to 3.7 per cent with more than 116,000 extra Australians in employment last month, compared with January, according to seasonally adjusted data from the Australian Bureau of Statistics. "With employment growing by …

Number of Americans filing for jobless benefits remains low in a thriving labor market
9 months, 3 weeks ago

Number of Americans filing for jobless benefits remains low in a thriving labor market

Associated Press  

The number of Americans applying for jobless benefits last week inched up but largely stayed at historically low levels as the labor market continues to thrive despite elevated interest rates. The Labor Department reported Thursday that filings for unemployment claims for the week ending March 9 ticked down by 1,000 to 209,000 from the previous week’s 208,000. In total, 1.81 …

US job openings stay steady at nearly 8.9 million in January, a sign labor market remains strong
10 months ago

US job openings stay steady at nearly 8.9 million in January, a sign labor market remains strong

Associated Press  

WASHINGTON — U.S. job openings barely changed in January but remained elevated, suggesting that the American job market remains healthy. The Labor Department reported Wednesday that U.S. employers posted 8.86 million job vacancies in January, down slightly from 8.89 million in December and about in line with economists’ expectations. Job openings have declined since peaking at a record 12 million …

Pay rising too fast for interest rate cut, economists warn
10 months, 3 weeks ago

Pay rising too fast for interest rate cut, economists warn

The Telegraph  

The number of people kept out of the jobs market by long-term sickness remains near an all-time high, ONS figures showed. One person in every 15 of working age – 6.6pc, equivalent to 2.8 million people – said ill health kept them from working or from looking for a job in the final quarter of 2023. Government must do more …

Unexpected growth in US economy as 353,000 jobs added in January
11 months, 1 week ago

Unexpected growth in US economy as 353,000 jobs added in January

Hindustan Times  

U.S. job growth accelerated in January, likely as a resilient economy and strong worker productivity encouraged businesses to hire and retain more employees, a trend that could shield the economy from a recession this year. Representational Image Nonfarm payrolls increased by 353,000 jobs last month, the Labor Department's Bureau of Labor Statistics said on Friday. The Fed left interest rates …

The U.S. didn’t just avoid a recession — it’s adding hundreds of thousands of new jobs
11 months, 1 week ago

The U.S. didn’t just avoid a recession — it’s adding hundreds of thousands of new jobs

LA Times  

A worker from Portland General Electric replaces a power line as crews work to restore power after a January storm in Oregon. “Today, we saw more proof, with another month of strong wage gains and employment gains of over 350,000 in January, continuing the strong growth from last year.” Business What rising immigration really means for California’s economy New data …

US employers add a surprisingly strong 216,000 jobs in a sign of continued economic strength
1 year ago

US employers add a surprisingly strong 216,000 jobs in a sign of continued economic strength

Associated Press  

WASHINGTON — The nation’s employers added a robust 216,000 jobs last month, the latest sign that the American labor market remains resilient even in the face of sharply higher interest rates. Asked why many Americans remain dissatisfied by the economy, Acting Labor Secretary Julie Su said Friday that “part of the unfortunate reality is we live in polarized times.’’ Many …

U.S. employers add a surprisingly strong 216,000 jobs in a sign of continued economic strength
1 year ago

U.S. employers add a surprisingly strong 216,000 jobs in a sign of continued economic strength

LA Times  

The nation’s labor market is still cranking out enough jobs to keep the unemployment rate near historic lows. The nation’s employers added a robust 216,000 jobs last month, the latest sign that the American job market remains resilient even in the face of sharply higher interest rates. The Fed is satisfied enough with the progress so far that it hasn’t …

US applications for unemployment benefits fall again as job market continues to show strength
1 year ago

US applications for unemployment benefits fall again as job market continues to show strength

Associated Press  

The number of Americans applying for unemployment benefits fell last week as the labor market continues to show resilience despite elevated interest rates. In an effort to extinguish the four-decade high inflation that took hold after an unusually strong economic rebound from the COVID-19 recession of 2020, the Federal Reserve raised its benchmark rate 11 times since March of 2022. …

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