unemployment rate

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Unemployment Rate No Longer Starts With a 3

Ticks up to 4%

(Newser) - The unemployment rate rose to 4% in June, up from the 18-year low of 3.8%. The uptick comes as 213,000 jobs were added, which exceeded analysts' expectation of 195,000, per the Wall Street Journal . It calls that jobs count "another strong reading in a string of... More »

Trump's Teasing Jobs Tweet Causes Stir on Wall Street

Rules prevent federal officials from commenting on economic data early

(Newser) - President Trump’s 7:21am tweet hinting at favorable figures in Friday’s jobs report broke presidential protocol and may have run afoul of a federal rule on the subject, reports MarketWatch . "Looking forward to seeing the employment numbers at 8:30 this morning," wrote Trump. The Office... More »

Unemployment Rate Hasn't Been This Low Since April 2000

It's now at 3.8%

(Newser) - May ushered in an 18-year low as far as the unemployment rate goes, with 223,000 jobs added and the jobless rate sinking to 3.8%. That's better than expected: Economists had anticipated a gain of 190,000 jobs and for the unemployment rate to hold at 3.9%.... More »

Unemployment Rate Doesn't Budge for 6th Month in Row

Holds steady at 4.1%

(Newser) - Economists had projected the unemployment rate to drop to 4.0% for the first time since 2000, but that milestone wasn't to be in March: The jobless rate held steady at 4.1% for the sixth consecutive month, the Wall Street Journal reports. Some 103,000 jobs were added,... More »

Financial Experts Make 5 Predictions for 2018

On everything from IPOs to the S&P 500

(Newser) - It's that time of year when financial experts are asked to dust off their crystal balls and tea leaves and offer up their predictions for the economy in 2018. At Yahoo Finance , David Nelson warns that the problem with these predictions is that experts tend to extrapolate, i.e.... More »

Unemployment Claims Fall to Lowest Level Since 1973

Claims for jobless aid drop by 22K to 222K

(Newser) - The number of Americans collecting unemployment benefits fell last week to the lowest level since Richard Nixon was president, the AP reports. The Labor Department said Thursday that claims for jobless aid dropped by 22,000 to 222,000, the fewest since March 1973. The less volatile four-week average slid... More »

August Jobs Report a Little Worse Than Expected

Unemployment rate inches up a hair to 4.4%

(Newser) - August didn't quite meet expectations, with 156,000 new jobs created and a 4.4% unemployment rate, versus analysts' expectations of 179,000 new jobs and an unchanged unemployment rate of 4.3%. The picture also soured slightly for June and July, with the number of jobs added over... More »

Sluggish Wages Add Sour Note to Strong Jobs Report

Unemployment ticks up to 4.4%

(Newser) - The US economy created more jobs than expected in June—222,000, ahead of analysts' predictions of about 174,000 and the biggest leap since February. The unemployment rate, however, ticked up to 4.4% from 4.3%. (The latter mark in May had been a 16-year low .) The... More »

Unemployment Hits 16-Year Low

It's 4.3%, but the pace of hiring slows

(Newser) - US employers pulled back on hiring in May by adding only 138,000 jobs, though hiring was still enough to help keep pushing unemployment lower. The Labor Department says the unemployment rate fell to 4.3% from 4.4% , reports the AP . That's the lowest level since May 2001,... More »

We Went From 7.8% to 4.7% Under Obama's Watch

Rate ticked up slightly in December, as expected

(Newser) - It's the end of an era: The last jobs report that falls fully under President Obama's tenure was issued on Friday, and he'll hand President-elect Donald Trump an economy that boasts a 4.7% unemployment rate. That's a tick up from November's 4.6%, and... More »

Unemployment at 9-Year Low, but There's a Downside

Drops to 4.6%

(Newser) - The US unemployment rate fell to a nine-year low of 4.6% last month, though not for the best reason: Many of the unemployed gave up looking for work, reports the AP . Employers added a solid 178,000 jobs in November, nearly matching the average monthly gains this year. Those... More »

Hiring Steady as Wages See Biggest Rise Since Recession

Unemployment now at 4.9%

(Newser) - US employers added a decent 161,000 jobs in October, and the unemployment rate dipped to 4.9% from 5%, reports the AP . It was the final major report on a lukewarm but durable economy before Americans choose a new president next week. The Labor Department said Friday that average... More »

'Datageddon' Day: 215K More Jobs, but Unemployment Ticks Up

The good news: More Americans are on the hunt for jobs

(Newser) - US employers notched another solid month of hiring in March by adding a higher-than-expected 215,000 jobs, driven by large gains in the construction, retail, and health care industries, the AP reports. Despite the jump, the Labor Department said Friday that the unemployment rate ticked up to 5% from 4.... More »

This Single Jobs Stat Is the One That Matters

Blog post: Foreign-born Americans are finding jobs, while native-born Americans struggle

(Newser) - You may have caught recent headlines about the nation's unemployment rate falling to 5.1%, a seven-year low . And you may have heard related arguments about how that stat is meaningless because so many people have stopped looking for work. But a blog post at Zero Hedge argues that... More »

Unemployment Holds at 5.3%

215K jobs were added in July

(Newser) - The Wall Street Journal was right on the money: It estimated that 215,000 jobs were added in July and predicted that the unemployment rate would remain at 5.3%. That's exactly what happened. Writing for the Journal, Erik Holm notes that "this marks the third straight month... More »

In 'Anticlimax,' Jobless Rate Sinks to 5.3%

What 'Jobs Thursday' brought

(Newser) - It's a rare "Jobs Thursday" due to tomorrow's holiday, and so America learned a day earlier than usual that the unemployment rate fell to 5.3%, with "a solid" 223,000 jobs added in June, per the AP . That's a tad bit better and worse... More »

Jobs Report: Things Look to Be 'Back on Track'

280K new jobs added, unemployment rate ticks up to 5.5%

(Newser) - It's a good number: 280,000 jobs were added in May, besting economists' consensus prediction of 225,000. Today's jobs report also revealed the unemployment rate ticked up from 5.4% to 5.5%, the Wall Street Journal reports. The new jobs numbers for March and April show... More »

Jon Stewart Has Been Helping Veterans on the Sly

'Daily Show' 5-week 'boot camp' has been training, placing vets in TV jobs

(Newser) - Jon Stewart's last day on The Daily Show will be Aug. 6 , but there may be a few employees sticking around that he's been hiring on the sly: military veterans. In a surprise revelation in the New York Times , Stewart cops to a stealth "boot camp" he'... More »

April Jobs Report Mixes Good News With Bad

Unemployment rate 5.4%, 223K jobs added, but there's a but

(Newser) - The unemployment rate fell from 5.5% to 5.4% in April and the economy added 223,000 jobs—pretty close to the 228,000 economists had expected—but elements of the jobs report weren't exactly encouraging. The number of new jobs added in March was revised way down,... More »

This Month's Jobs Report a Surprise—the Bad Kind

Economy adds just 126K jobs, and more not-great news

(Newser) - The US economy added just 126,000 jobs in March—not even close to the 248,000 economists had expected, the Wall Street Journal reports. The unemployment rate remained unchanged , at 5.5%. At the Journal, Paul Vigna calls the jobs number a "surprise," noting that's the... More »

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