unemployment

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New Jobs Report Erases Job Losses in Recession

Unemployment rate drops to 4.3%, tying May's 16-year low

(Newser) - It's another solid jobs report: The US economy added 209,000 new jobs in July as the unemployment rate ticked down to 4.3%, per the AP . That ties a 16-year low reached in May. The job gains exceeded expectations of about 180,000, but the Wall Street Journal ... More »

Best, Worst Careers for Job Security

Maybe don't go into showbiz

(Newser) - What career path should you consider if job security is your main concern? To answer that question, 24/7 Wall St. looked at unemployment rates across a variety of fields and found 26 occupations with unemployment rates of just 1% or less—and another 26 with unemployment rates ranging from 8.... 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 »

Unemployment Rate Falls to Lowest in a Decade

It's at 4.4%, with hiring stronger than expected

(Newser) - The latest jobs report might have President Trump tweet-boasting again. Employers added 211,000 jobs in April, more than expected, following a poor showing of just 79,000 in March. (The latter figure was revised downward from an already weak 98,000.) The unemployment rate, meanwhile, ticked down to... More »

Getting Fired Can Be Harder Than Losing a Spouse

Unemployment is a blip on the record that doesn't go away

(Newser) - Here's something you might not want to forward to your significant other: You're likely to recover from losing him or her faster than you would recover from losing your job. So say researchers at the University of East Anglia and the What Works Center for Wellbeing in the... More »

Jobs Report Brings Bad News on Hiring

Employers add 98K jobs, lowest number in a year, though rate drops to 4.5%

(Newser) - A not-so-great unemployment report Friday: US employers added just 98,000 jobs last month, the fewest in a year, though the unemployment rate fell to an almost seven-year low of 4.5%, reports the AP . The Labor Department says the unemployment rate fell because nearly a half-million more Americans found... More »

Trump Crows After Release of Strong Jobs Report

'Great again,' he retweets

(Newser) - The odds of a rate hike by the Fed next week just went up even more: The Labor Department released another solid unemployment report Friday morning. US employers added 235,000 jobs in February, more than expected, and the unemployment rate dropped from 4.8% to 4.7%, reports MarketWatch... More »

Cities With Best, Worst Unemployment Rates

Ames, Iowa, leads the pack

(Newser) - The nation's unemployment rate now sits below 5%, but that figure obviously varies across the country. 24/7 WallSt crunched numbers and determined the US cities faring best and worst in terms of employment. Here are the five at the bottom of the scale:
  1. El Centro, Calif.: 20.9%, up
... More »

Employers Keep Hiring at Brisk Pace

Even as jobless rate ticks up

(Newser) - US employers ramped up hiring last month and more Americans began looking for work, a sign that President Trump has inherited a robust job market, reports AP . The Labor Department says employers added 227,000 jobs in January, the most since September and higher than last year's average monthly... More »

10 Numbers About the America Trump Will Lead

What Obama just handed over to No. 45

(Newser) - President Trump is now officially so , as the mantle was passed from President Obama Friday in Washington. NPR takes a look at a slew of stats that show the America Trump has been handed from his predecessor, which NPR notes is "far more solid in some ways (economics) and... 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 »

Finland Tries Paying Its Unemployed a Basic Income

Experiment aims to discourage 'disincentive problem'

(Newser) - Finland is the first country in Europe to pay its unemployed citizens a basic monthly income, amounting to $587, in a unique social experiment that aims to cut government red tape, reduce poverty, and boost employment. Olli Kangas from KELA, the government agency responsible for social benefits, said Monday that... 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 »

An Uber Headache? 2 Drivers Awarded Unemployment

Which means the NY Labor Department considers them employees

(Newser) - Uber has been fighting tooth and nail to keep its drivers classified as independent contractors rather than employees, with success . Now, a speed bump in New York: The state's Department of Labor in August and September ruled that two Uber drivers are eligible for unemployment payments, the New York ... More »

September Jobs Report Shows Decent Gain

Numbers could keep the Fed on track to raise interest rates

(Newser) - Job gains in September were slightly weaker than the 172,000 jobs that Wall Street economists expected, but the 156,000 jobs that employers did add were enough to welcome new workers and bring back some of those who fell off the map after the Great Recession, per the New ... More »

August Jobs Report: Numbers Can't Compare to Recent Gains

151K jobs added—about half of July's gains

(Newser) - Hiring downshifted last month as US employers added a modest 151,000 jobs, about half the blockbuster gains of the two previous months, the AP reports. The Labor Department said Friday the unemployment rate remained 4.9% for the third straight month. The figures are far below July's gain... More »

Jobs Numbers Strong for 2nd Straight Month

Unemployment remains at 4.9%

(Newser) - Employers added a healthy 255,000 jobs last month, a sign of confidence amid sluggish growth that points to a resilient US economy, reports the AP . It's the second straight month of strong growth. The Labor Department also said the unemployment rate remained a low 4.9% in July.... More »

June Jobs Report Shows Huge Gains

Unemployment rose slightly to 4.9%

(Newser) - Employers shook off two months of weak hiring by adding 287,000 jobs in June, a robust pace that suggests a resilient US economy. The hiring spurt marked a sharp improvement from May's dismal showing, when just 11,000 jobs were added, reports the AP . A modest 144,000... More »

Jobs Report Has Bad News on US Hiring

Hits lowest level in 5 years

(Newser) - US hiring plunged in May to its lowest level in more than five years, a sign that employers turned cautious after the economy barely expanded in the first three months of the year, reports AP . The Labor Department says employers added just 38,000 jobs last month, the fewest since... 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 »

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