Unemployment rate falls unexpectedly as number in work hits record high
1 year, 9 months ago

Unemployment rate falls unexpectedly as number in work hits record high

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. Read our privacy policy Britain’s unemployment rate has fallen unexpectedly as the number of people in work hit a new record high and rose past its pre-pandemic level for the first time, according to official figures. Darren Morgan, director of economic statistics at the ONS, said: “With another rise in employment, the number of people in work overall has gone past its pre-pandemic level for the first time, setting a new record high, as have total hours worked. “While there has been another drop in the number of people neither working nor looking for work, which is now falling right across the age range, those outside the jobs market due to long-term sickness continues to rise, to a new record.” The latest figures show that regular wages, not including bonuses, jumped 7.2% higher in the three months to April, up from 6.8% in the three months to March, as April’s 9.7% rise in the National Living Wage helped push up salaries. Chancellor Jeremy Hunt said: “Rising prices are continuing to eat into people’s pay cheques – so we must stick to our plan to halve inflation this year to boost living standards.” The latest data revealed that vacancies dropped 79,000 quarter on quarter in March to May to 1.05 million, with the ONS saying this reflected “uncertainty across industries, as survey respondents continue to cite economic pressures as a factor in holding back on recruitment”.

Record Work Unemployment Rate High Number Quarter Sign Rising Prices Ons Regular Wages  jobs  ons  quarter  falls  months  hits  unemployment  rate  record  number  sign  high  work  unexpectedly

History of this topic

Applications for jobless benefits inch up, but layoffs remain low, labor market healthy
4 days, 23 hours ago

Applications for jobless benefits inch up, but layoffs remain low, labor market healthy

Associated Press  

Slightly more Americans applied for unemployment benefits last week, but layoffs remain historically low. It’s not clear when job cuts ordered by the Department of Government Efficiency, or “DOGE,” will show up in the weekly layoffs report, though the Labor Department’s February jobs report showed that the federal government shed 10,000 jobs. Senior U.S. officials set the government downsizing in …

Number of Americans filing for unemployment benefits rises to 242,000, highest level in 3 months
3 weeks, 4 days ago

Number of Americans filing for unemployment benefits rises to 242,000, highest level in 3 months

Hindustan Times  

Applications for U.S. jobless benefits rose to a three-month high last week but remained within the same healthy range of the past three years. Number of Americans filing for unemployment benefits rises to 242,000, highest level in 3 months The number of Americans filing for jobless benefits rose by 22,000 to 242,000 for the week ending Feb. 22, the Labor …

Number of Americans filing for unemployment benefits rises to 242,000, highest level in 3 months
3 weeks, 4 days ago

Number of Americans filing for unemployment benefits rises to 242,000, highest level in 3 months

Associated Press  

Applications for U.S. jobless benefits rose to a three-month high last week but remained within the same healthy range of the past three years. The number of Americans filing for jobless benefits rose by 22,000 to 242,000 for the week ending Feb. 22, the Labor Department said Thursday. Earlier this month, the Labor Department reported that U.S. employers added 143,000 …

Number of Americans filing for unemployment benefits rises to 242,000, highest level in 3 months
3 weeks, 5 days ago

Number of Americans filing for unemployment benefits rises to 242,000, highest level in 3 months

LA Times  

A hiring sign is displayed at a grocery store in Glenview, Ill., on Nov. 25, 2024. Applications for U.S. jobless benefits rose to a three-month high last week but remained within the same healthy range of the past three years. The number of Americans filing for jobless benefits rose by 22,000 to 242,000 for the week ending Feb. 22, the …

UK unemployment rate rises but pay growth surges to outstrip inflation
2 months ago

UK unemployment rate rises but pay growth surges to outstrip inflation

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. The Office for National Statistics said the rate of …

US applications for jobless claims fall to 201,000, lowest level in nearly a year
Trending News
2 months, 2 weeks 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
2 months, 2 weeks 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
2 months, 3 weeks 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
2 months, 3 weeks ago

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

Hindustan Times  

WASHINGTON — The number of Americans applying for unemployment checks dropped last week to the lowest level since March, suggesting that suggest most workers enjoy unusual job security. US unemployment claims fall to 211,000, the lowest level since March Jobless claims dropped by 9,000 to 211,000 last week, the Labor Department reported Thursday. When the Labor Department releases hiring numbers …

US unemployment claims fall to 211,000, the lowest level since March
2 months, 3 weeks 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, …

Recurring jobless claims rise to three-year high
Trending News
2 months, 3 weeks ago

Recurring jobless claims rise to three-year high

Salon  

The volume of recurring applications for unemployment benefits rose to its highest volume in more than three years, signaling that it’s taking longer than usual for people out of a job to find work. The number of Americans receiving continued unemployment benefits rose to 1.91 million for the week of Dec. 14, according to Labor Department data. That’s a week-to-week …

U.S. applications for jobless benefits rise to highest level in 2 months but remain relatively low
3 months, 1 week 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 …

Has the UK's stats watchdog created a 'phantom' inactivity crisis? Experts warn nearly a MILLION workers are ignored in figures produced by ONS… where staff voted for strikes so they can WFH all week
4 months ago

Has the UK's stats watchdog created a 'phantom' inactivity crisis? Experts warn nearly a MILLION workers are ignored in figures produced by ONS… where staff voted for strikes so they can WFH all week

Daily Mail  

Nearly one million workers in Britain's jobs market have been 'lost' because of poor data produced by the UK's official statistics body, experts have claimed. The Resolution Foundation think tank said the Office for National Statistics had underestimated growth in employment since 2019 by 930,000 workers. Nearly one million workers in Britain's jobs market have been 'lost' because of poor …

UK's unemployment rate notches up
4 months, 1 week ago

UK's unemployment rate notches up

China Daily  

Workers cross London Bridge, with the City of London financial district seen behind, during the morning rush-hour in London, Britain, Jan 4, 2022. "These figures come against a backdrop of rising concern about spiraling employment costs, which are set to increase following last month's national insurance contributions rise, the employment rights bill, and the latest increase in the national living …

As unemployment rises, Labour looks set to crash into a jobs problem. How will it respond?
4 months, 1 week ago

As unemployment rises, Labour looks set to crash into a jobs problem. How will it respond?

The Independent  

Is Labour hurtling towards a jobs problem? The rate of unemployment among people aged 16 and above rose to 4.3 per cent over the July to September reporting period. Wage rises have certainly continued to moderate; earnings excluding bonuses grew 4.8 per cent in the year to July to Sept 2024, the lowest since Apr to June 2022, when the …

Unemployment in the UK rises to 4.3% and earnings fall to 4.8%
Trending News
4 months, 1 week ago

Unemployment in the UK rises to 4.3% and earnings fall to 4.8%

Daily Mail  

Wage growth has fallen to its lowest level in more than two years while Britain's jobless rate jumped by more than expected, according to official figures. The Office for National Statistics said average regular earnings growth eased back to 4.8 per cent in the three months to September, down from 4.9 per cent in the previous three months. Earnings growth …

How Britain became hooked on sickness benefits
5 months, 2 weeks ago

How Britain became hooked on sickness benefits

The Telegraph  

Britain is in the grip of its worst sickness crisis in decades, and the Treasury is growing increasingly concerned. According to the latest predictions, one in 12 working-age Britons are expected to claim sickness benefits by the end of the decade, fuelled by a surge in mental health conditions. The Office for Budget Responsibility, the Government’s tax-and-spending watchdog, pulled no …

One million people are wrongly classed as too sick to work when they are willing and able to get a job, analysis suggests
6 months ago

One million people are wrongly classed as too sick to work when they are willing and able to get a job, analysis suggests

Daily Mail  

Up to a million people have been wrongly categorised as too sick to work when they are willing and able to get a job, according to analysis. It found that at least 800,000 people who were out of work but wanted to get a job were missing from the headline unemployment rate in 2022 – many of them likely stuck …

Shrinking workforce costing taxpayers £16bn a year
6 months, 1 week ago

Shrinking workforce costing taxpayers £16bn a year

The Telegraph  

Britain’s worklessness crisis is costing taxpayers £16bn a year through lost tax revenue and an inflated benefits bill, top economists have warned. The Institute for Employment Studies and the Commission on the Future of Employment Support warned that the country’s workforce was shrinking at the fastest rate since the 1980s, leading to a shortfall in employment-related taxes. “The UK is …

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

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

Associated Press  

Slightly more Americans filed for unemployment benefits last week, but the number 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 the U.S. job market. However, the tiny increase in claims this week follows two straight weeks of declines, …

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

Unemployment rate climbs to 4.2 per cent in July despite 58,000 people finding work
7 months, 1 week ago

Unemployment rate climbs to 4.2 per cent in July despite 58,000 people finding work

ABC  

The unemployment rate has climbed to 4.2 per cent in July — its highest level since November 2021 — as Australia's economy continues to slow down. "The unemployment rate rose to 4.2 per cent in July, with the number of unemployed growing by 24,000 people and employed by around 58,000. However, that competitive jobs market extends well beyond graduates — …

UK stock markets rise after surprise fall in unemployment
7 months, 1 week ago

UK stock markets rise after surprise fall in unemployment

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. Read our privacy policy The UK’s top stock market …

Economic recession fears grow after bleak jobs report and unemployment spike
7 months, 3 weeks ago

Economic recession fears grow after bleak jobs report and unemployment spike

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. “With across-the-board cooling, we have lost most of …

With 114,000 new jobs in July, hiring slows down in US. Unemployment rate at 4.3%
7 months, 3 weeks 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 …

Unemployment rises again in July, reviving worries of a recession
7 months, 3 weeks ago

Unemployment rises again in July, reviving worries of a recession

LA Times  

People visit the California Employment Development Department office in Sacramento. U.S. job growth slowed sharply last month and the unemployment rate rose to a nearly three-year high of 4.3%, the latest sign of a cooling labor market, the government reported Friday. Employers added 114,000 jobs in July, well below economists’ projections and down from an average monthly gain of 215,000 …

The number of Americans filing for jobless claims hits highest level in a year
7 months, 3 weeks ago

The number of Americans filing for jobless claims hits highest level in a year

Associated Press  

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 ending July 27 climbed by 14,000 to 249,000, from 235,000 the previous week, the Labor Department reported Thursday. Weekly unemployment claims are …

As jobless claims hit highest level in a year, labor market remains healthy
7 months, 3 weeks 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 …

Soaring workplace sickness costing an extra £30bn a year as days off double since 2018
7 months, 3 weeks ago

Soaring workplace sickness costing an extra £30bn a year as days off double since 2018

Daily Mail  

Soaring workplace illness is costing UK firms an extra £30billion a year with days off sick doubling since 2018, a report reveals. It describes the UK as ‘the sick man of Europe’, with poor quality jobs, overconsumption of unhealthy food, smoking, gambling and low rate of investment impacting public health. Dr Jamie O’Halloran, senior research fellow at IPPR, said: ‘Too …

Unemployment edges up despite more than 50,000 extra jobs amid population and participation growth
8 months, 1 week ago

Unemployment edges up despite more than 50,000 extra jobs amid population and participation growth

ABC  

Australia's unemployment rate has continued to edge higher, despite the creation of about 50,000, mostly full-time, jobs. "The participation rate in June was only 0.1 percentage point lower than the historical high of 67.0 per cent in November 2023," he noted. "This, along with the continued high level of job vacancies, suggests the labour market remains relatively tight, despite the …

US applications for jobless benefits come back down after last week’s 9-month high
10 months, 1 week 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 …

Unemployment rises again, taking shine off UK’s emergence from recession
10 months, 1 week ago

Unemployment rises again, taking shine off UK’s emergence from recession

The Independent  

After all the excited chatter about Britain’s recovery from shallow recession, we’re back to earth with a bump. It is true that private sector pay rises declined a little, to 5.9 per cent, but the ONS cited an early estimate for April of 6.9 per cent pay growth – thanks in no small part to the scheduled increase in the …

Jobless rate rises to highest for nearly a year, figures show
10 months, 1 week ago

Jobless rate rises to highest for nearly a year, figures show

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. “At the same time the steady decline in the …

Rate cuts thrown into doubt amid rising wages and US inflation jump
10 months, 1 week ago

Rate cuts thrown into doubt amid rising wages and US inflation jump

The Telegraph  

Mr Pill said that inflation was moving in the right direction, having dropped from a peak of 11.1pc in October 2022 to 3.2pc in March. Speaking at the Institute of Chartered Accountants in England and Wales, he said: “It is not unreasonable to believe that through the summer we will begin to see enough confidence in the decline in persistence …

US weekly jobless claims hit highest level since August of 2023, though job market is still hot
10 months, 2 weeks 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 …

Unemployment rate hits six-month high amid fears of a stalling economy
11 months, 1 week ago

Unemployment rate hits six-month high amid fears of a stalling economy

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Britain’s unemployment rate has risen to its highest level in …

Relief for Brits as wages outstrip inflation by biggest margin since 2021 despite signs jobs market is weakening… but inactivity crisis deepens
11 months, 1 week ago

Relief for Brits as wages outstrip inflation by biggest margin since 2021 despite signs jobs market is weakening… but inactivity crisis deepens

Daily Mail  

Brits have been offered some much-needed relief as figures showed wages outstripping inflation by the biggest margin in two and a half years. Regular pay rose by 2.1 per cent year-on-year in real terms in the three months to February. The Office for National Statistics said the jobless rate jumped to 4.2 per cent in the three months to February …

Fewer Americans file for jobless claims as labor market continues to shrug off higher interest rates
11 months, 1 week ago

Fewer Americans file for jobless claims as labor market continues to shrug off higher 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. Read our privacy policy Fewer Americans applied for jobless …

Applications for US unemployment benefits dip to 210,000 in strong job market
11 months, 3 weeks 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 …

Britain is suffering its longest sick note epidemic for 25 years as 2.7MILLION people claim they are too ill to work and holding back the country's economic growth in the process
1 year ago

Britain is suffering its longest sick note epidemic for 25 years as 2.7MILLION people claim they are too ill to work and holding back the country's economic growth in the process

Daily Mail  

Britain is suffering from its longest-running sick note epidemic for a quarter of a century with the youngest and oldest workers driving the trend, ­analysis shows. Britain's 'too sick to work' crisis is a major factor in the surge in economic inactivity – the measure of people neither working nor looking for work – which is holding back growth and …

Applications for U.S. unemployment benefits dip to 210,000, another sign the job market is strong
1 year ago

Applications for U.S. unemployment benefits dip to 210,000, another sign the job market is strong

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. Read our privacy policy The number of Americans signing …

Jobs surge sees unemployment rate tumble back to 3.7 per cent
1 year 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
1 year 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 …

Calls mount on Chancellor to address long-term sickness in jobs market
1 year, 1 month ago

Calls mount on Chancellor to address long-term sickness in jobs market

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. Read our privacy policy The Chancellor is facing growing …

Pay rising too fast for interest rate cut, economists warn
1 year, 1 month 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 …

Britain’s workforce crisis deepens as one in five employers struggle to fill roles
1 year, 1 month ago

Britain’s workforce crisis deepens as one in five employers struggle to fill roles

The Telegraph  

The National Institute of Economic and Social Research warned last week that businesses have become “frustrated” with British workers. The number of firms registering to become sponsors to hire abroad has doubled since 2022, as more than nine million people of working age have dropped out of the jobs market. “Employer attention is shifting from helping staff weather the cost-of-living …

Sicknote Britain: Numbers long-term ill hits another record high of 2.8m in the wake of Covid
1 year, 1 month ago

Sicknote Britain: Numbers long-term ill hits another record high of 2.8m in the wake of Covid

Daily Mail  

The number of Brits off long-term sick has hit a new record high in the wake of Covid. Some 2.813million people were in the long-term sick category in the three months to November, according to revised official figures The cause of increasing long-term sickness is unclear, although factors such as long Covid, mental fallout from lockdowns, and even back problems …

Weekly US unemployment claims rise slightly but job market remains strong as inflation eases
1 year, 3 months ago

Weekly US unemployment claims rise slightly but job market remains strong as inflation eases

Associated Press  

WASHINGTON — The number of Americans applying for unemployment benefits rose slightly last week but still remained at historically low levels despite high interest rates intended to slow hiring and cool the economy. The Federal Reserve began raising interest rates last year to combat the inflation that surged as the result of an unexpectedly strong economic rebound from the COVID-19 …

U.S. unemployment claims rise slightly, remain at low levels despite higher interest rates
1 year, 3 months ago

U.S. unemployment claims rise slightly, remain at low levels despite higher 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. Read our privacy policy The number of Americans applying …

U.S. employers add a solid 199,000 jobs and unemployment falls, signaling a still-sturdy labor market
1 year, 3 months ago

U.S. employers add a solid 199,000 jobs and unemployment falls, signaling a still-sturdy labor market

LA Times  

Mechanic David Stoliaruk works on the engine of a car at IC Auto in Philadelphia on May 2. The nation’s employers added a solid 199,000 jobs last month and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing,” in which inflation would return to the Federal Reserve’s 2% target without causing a steep recession. …

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