Food Services Labor Shortage Despite High Unemployment : The Indicator from Planet Money : NPR
3 years, 7 months ago

Food Services Labor Shortage Despite High Unemployment : The Indicator from Planet Money : NPR

NPR  

Jobs Friday And The Labor Market Mystery Enlarge this image OLIVIER DOULIERY/AFP via Getty Images OLIVIER DOULIERY/AFP via Getty Images It's Jobs Friday!! We were really excited because some people were predicting that we might have a million new jobs created in the last month! But... the US added just 266,000 jobs last month, way below that expected million. The unemployment rate even rose a bit, to 6.1 percent. It's pretty brutal news, especially when the jobs market seemed to be gaining mom

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Unemployment, the Sahm rule, and whether we can speed up economic recoveries : The Indicator from Planet Money : NPR
2 months, 3 weeks ago

Unemployment, the Sahm rule, and whether we can speed up economic recoveries : The Indicator from Planet Money : NPR

NPR  

Does unemployment whiplash mean recession? Enlarge this image Joe Raedle/Getty Images Joe Raedle/Getty Images It's Jobs Friday! In September, 254,000 jobs were added to the US economy and the unemployment rate ticked down very slightly to 4.1%. Sponsor Message Related Episodes: The Sahm Rule With The Eponymous Economist How much would you do this job for? And other indicators For …

U.S. employers added a solid 206,000 jobs in June in a sign of continued economic strength
5 months, 2 weeks ago

U.S. employers added a solid 206,000 jobs in June in a sign of continued economic strength

LA Times  

America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the U.S. economy’s ability to withstand high interest rates. In addition, just two sectors — government and a category that includes healthcare and social assistance, neither of which captures the economy’s underlying strength — accounted for roughly three-quarters of June’s job growth. Economists …

Solid US hiring lowers unemployment rate in latest sign of a still-sturdy job market
1 year ago

Solid US hiring lowers unemployment rate in latest sign of a still-sturdy job market

Associated Press  

WASHINGTON — U.S. employers added a healthy 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. “From my perspective,” Seyedian said, “the economy is still strong, and people still want to spend money.” …

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

U.S. employers added 336,000 jobs in September in a sign of economic resilience
1 year, 2 months ago

U.S. employers added 336,000 jobs in September in a sign of economic resilience

LA Times  

A FedEx driver makes deliveries in Palatine, Ill. Friday’s report from the Labor Department showed that the unemployment rate was unchanged at 3.8%, not far above a half-century low. The nation’s employers added 336,000 jobs in September, an unexpectedly robust gain that suggests that many companies remain confident enough to keep hiring despite high interest rates and a hazy outlook …

Hiring slowed in July, but U.S. employers added a still-solid 187,000 jobs
1 year, 4 months ago

Hiring slowed in July, but U.S. employers added a still-solid 187,000 jobs

LA Times  

Jose Viveros delivers beverages in Los Angeles’ Little Tokyo on July 27. U.S. employers added 187,000 jobs last month, fewer than expected, as higher interest rates continued to weigh on the economy. Increasingly, economists are expressing confidence that inflation fighters at the Fed can pull off a rare “soft landing” — raising interest rates just enough to rein in rising …

US job openings hit 10.1 million and labor market still strong despite Fed efforts to cool economy
1 year, 6 months ago

US job openings hit 10.1 million and labor market still strong despite Fed efforts to cool economy

Associated Press  

WASHINGTON — U.S. job openings rose unexpectedly in April, illustrating the resilience of the American labor market and complicating Federal Reserve efforts to fight inflation. Employers posted 10.1 million job openings last month, up from 9.7 million in March and the most since January, the Labor Department said Wednesday. Layoffs fell, but the number of people quitting their jobs — …

A surprising burst of US hiring in January: 517,000 jobs
1 year, 10 months ago

A surprising burst of US hiring in January: 517,000 jobs

Associated Press  

WASHINGTON — For nearly a year, the Federal Reserve has been on a mission to cool down the job market to help curb the nation’s worst inflation bout in four decades. Still, the Fed’s inflation watchers might be reassured somewhat by January’s wage data: Average hourly pay rose 4.4% last month from a year earlier, slower than the 4.8% year-over-year …

The U.S. job market is still healthy, but it's slowing down as recession fears mount
1 year, 11 months ago

The U.S. job market is still healthy, but it's slowing down as recession fears mount

NPR  

The U.S. job market is still healthy, but it's slowing down as recession fears mount Enlarge this image toggle caption Anna Moneymaker/Getty Images Anna Moneymaker/Getty Images The U.S. job market closed out 2022 on a high note. Employers added 223,000 jobs in December, capping a year in which the economy added 4.5 million jobs, more than refilling the deep hole …

U.S. added 223,000 jobs in December, capping off strong 2022
2 years ago

U.S. added 223,000 jobs in December, capping off strong 2022

CBS News  

U.S. added 223,000 jobs in December Labor Department says U.S. added 223,000 jobs in December 05:21 The red-hot job market capped off 2022 on a high note, with employers adding 223,000 jobs in December, the Labor Department reported Friday. "It's hard to imagine a jobs report in better balance," said Robert Frick, corporate economist with Navy Federal Credit Union, in …

A job-market riddle for the recession
2 years ago

A job-market riddle for the recession

Live Mint  

The global economy is stuttering, and some of the world’s biggest names are already laying off thousands of employees. “I think there’s a much bigger conversation about the labor market and jobs and how we attract people back into work." Central bank Governor Adrian Orr said the shortage of workers means it’s all about “labor labor labor." Without measures such …

Softer demand? US job openings fall in June to 9-month low
2 years, 4 months ago

Softer demand? US job openings fall in June to 9-month low

Al Jazeera  

Job openings in the United States fell by 605,000 to 10.7 million in June, a larger decline than expected. US job vacancies fell in June to their lowest level in nine months, suggesting that labour market tightness may be loosening up a bit amid mounting economic challenges. The Job Openings and Labor Turnover Survey, or JOLTS, released by the US …

US economy adds 372,000 jobs in June as labour market stays firm
2 years, 5 months ago

US economy adds 372,000 jobs in June as labour market stays firm

Al Jazeera  

The unexpected strength in hiring underscores the stark contrast between the resilience of the jobs market and fears of a recession. US employers added more jobs in June than forecast and the unemployment rate held near a five-decade low, suggesting hiring needs are so far eclipsing concerns about the economic outlook. Nonfarm payrolls rose 372,000 last month following a revised …

The jobs market still favors workers, despite fears of an economic slowdown
2 years, 5 months ago

The jobs market still favors workers, despite fears of an economic slowdown

NPR  

The jobs market still favors workers, despite fears of an economic slowdown Enlarge this image toggle caption Joe Raedle/Getty Images Joe Raedle/Getty Images Workers looking for new jobs have plenty of options, despite recent layoffs and hiring slowdowns in key parts of the economy. In contrast, the rate of workers who are quitting their jobs remains near historic highs, despite …

US added 428,000 jobs in April despite surging inflation
2 years, 7 months ago

US added 428,000 jobs in April despite surging inflation

Associated Press  

WASHINGTON — America’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing costs. “With labor market conditions still this strong — including very rapid wage growth — we doubt that the Fed is going to abandon its hawkish plans,” said …

US added 431,000 jobs in March in sign of economic health
2 years, 8 months ago

US added 431,000 jobs in March in sign of economic health

Associated Press  

America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic, Russia’s war against Ukraine and the highest inflation in 40 years. Still, Vincent Reinhart, chief economist at Dreyfus and Mellon, said the numbers show that “the U.S. economy continues to have underlying momentum …

US hiring stays strong as jobless rate falls, wages accelerate
2 years, 8 months ago

US hiring stays strong as jobless rate falls, wages accelerate

Al Jazeera  

Nonfarm payrolls increased 431,000 last month after an upwardly revised 750,000 gain in February, US data showed. The U.S. added close to half a million jobs in March and the unemployment rate fell by more than expected, highlighting a robust labor market that’s likely to support aggressive Federal Reserve tightening in the coming months. Nonfarm payrolls increased 431,000 last month …

US job openings hover near record, but fewer workers quit
3 years ago

US job openings hover near record, but fewer workers quit

Al Jazeera  

Fewer Americans are telling their bosses ‘I quit’, but the economy remains awash in jobs that are going begging. The United States economy is still awash in jobs, government data showed on Wednesday, but fewer Americans are telling their bosses “I quit.” The latest Job Openings and Labor Turnover Survey from the US Department of Labor showed job openings rose …

U.S. job growth picks up in October
3 years, 1 month ago

U.S. job growth picks up in October

The Hindu  

U.S. employment increased more than expected in October as the headwind from the surge in COVID-19 infections over the summer subsided, offering more evidence that economic activity was regaining momentum early in the fourth quarter. Non-farm payrolls increased by 5,31,000 jobs last month, the Labour Department said in its closely- watched employment report on Friday. Worker shortages persisted, even as …

The US economy added 850,000 jobs in June
3 years, 5 months ago

The US economy added 850,000 jobs in June

CNN  

New York CNN Business — The US economy added 850,000 jobs in June, when adjusted for seasonal changes. Nevertheless, June was a “bright” jobs report, even though there is still plenty to worry about, wrote Kate Bahn, interim chief economist at the Washington Center for Equitable Growth, in a tweet. Early data from states that ended those programs shows that …

There’s no labor shortage — just not enough good jobs
3 years, 5 months ago

There’s no labor shortage — just not enough good jobs

LA Times  

Ashley Richardson, franchise owner of 9Round Fitness gym in Long Beach, has been struggling to fill a personal trainer job. — Sylvia Allegretto, UC Berkeley economist “We’re being ghosted” by job candidates, said Ashley Richardson, who owns two 9Round Fitness kickboxing gyms, in Long Beach and Riverside. She said the country is experiencing a “wage and benefits shortage.” A labor …

Job openings soar to record 9.3 million in April
3 years, 6 months ago

Job openings soar to record 9.3 million in April

CNN  

New York CNN Business — America is hiring like never before. Job openings in the United States soared by nearly a million in April, setting a record for the most openings added in a month and the highest overall number since the Bureau of Labor Statistics started tracking the data in December 2000. At 9.3 million new positions, it was …

Labor shortage: Here’s the truth about US unemployment
3 years, 7 months ago

Labor shortage: Here’s the truth about US unemployment

CNN  

A version of this story appeared in CNN’s What Matters newsletter. I went to Anneken Tappe, the senior writer at CNN Business who covers the US economy, to get her thoughts on the labor shortage and what’s behind it. WHAT MATTERS: Republican governors are rejecting expanded federal unemployment benefits for their citizens because they say there is a labor shortage; …

The mystery of an American boom in jobs that didn’t occur
3 years, 7 months ago

The mystery of an American boom in jobs that didn’t occur

Live Mint  

In the run-up to last week’s US employment report, the forecasts of both economists and Wall Street analysts had migrated higher and pointed to an incredibly strong job-creation number for April. While firm conclusions about the reason will have to wait for more data over the next few weeks and months, the available partial evidence suggests possible stress and strains …

Chamber of Commerce seeks end to enhanced US jobless aid
3 years, 7 months ago

Chamber of Commerce seeks end to enhanced US jobless aid

Associated Press  

The U.S. Chamber of Commerce is calling for Washington to immediately stop paying out-of-work Americans an extra $300 a week in unemployment benefits, saying the boost in government aid is giving some recipients less incentive to look for work. On Friday, the Labor Department said U.S. employers added just 266,000 jobs last month, a big drop from March and well …

March hiring accelerated to 916K, yet many jobs remain lost
3 years, 8 months ago

March hiring accelerated to 916K, yet many jobs remain lost

Associated Press  

WASHINGTON — America’s employers unleashed a burst of hiring in March, adding 916,000 jobs in a sign that a sustained recovery from the pandemic recession is taking hold as vaccinations accelerate, stimulus checks flow through the economy and businesses increasingly reopen. Even with last month’s robust increase, the economy remains more than 8 million jobs short of the number it …

February Jobs Report Shows Large Recovery Gap Remains : The Indicator from Planet Money : NPR
3 years, 9 months ago

February Jobs Report Shows Large Recovery Gap Remains : The Indicator from Planet Money : NPR

NPR  

Still Not Good Tho Enlarge this image OLI SCARFF/AFP via Getty Images OLI SCARFF/AFP via Getty Images The labor market is still in rough shape, but it is improving. The Bureau of Labor Statistics just released the jobs report for the month of February, and it showed that the labor market created 379,000 jobs. More than 379,000 jobs created may …

September jobs report: The unemployment rate has never been this high going into an election
4 years, 2 months ago

September jobs report: The unemployment rate has never been this high going into an election

CNN  

New York CNN Business — Heading into the November election, the US jobs recovery is running out of steam. If President Donald Trump loses the election, he could become the first President on record — going back to President Harry Truman — to leave the White House with fewer jobs than when he started. A slowing recovery September job growth …

AP Explains: 5 key takeaways from the August jobs report
4 years, 3 months ago

AP Explains: 5 key takeaways from the August jobs report

Associated Press  

WASHINGTON — By some measures, the shrunken U.S. job market continued a solid recovery last month, with many employers recalling workers who had been temporarily laid off when the coronavirus erupted in the spring. Here are five takeaways from the August jobs report: THERE’S STILL A LONG WAY TO GO As the pandemic slammed the United States in March and …

The U.S. Adds 1.4 Million Jobs In August, But Job Growth Is Slowing Down
4 years, 3 months ago

The U.S. Adds 1.4 Million Jobs In August, But Job Growth Is Slowing Down

NPR  

Adds 1.4 Million Jobs In August, But Job Growth Is Slowing Down U.S. employers added 1.4 million jobs in August, but job growth has slowed since June. SACHA PFEIFFER, HOST: The headline is good - 1.4 million new jobs last month, and the unemployment rate fell to 8.4%. HORSLEY: It's certainly positive that U.S. employers added 1.4 million jobs in …

Hiring Surged In June With 4.8 Million Jobs Added Before New Spike In Infections
4 years, 5 months ago

Hiring Surged In June With 4.8 Million Jobs Added Before New Spike In Infections

NPR  

Hiring Surged In June With 4.8 Million Jobs Added Before New Spike In Infections Enlarge this image toggle caption Spencer Platt/Getty Images Spencer Platt/Getty Images Updated at 5 p.m. ET Employers added a record 4.8 million jobs last month, as the U.S. economy continued to slowly bounce back from a deep and painful coronavirus recession. "We're going to be concerned …

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