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Jobs Report Comes In Stronger Than Expected

Might be enough for the Fed to raise rates

(Newser) - The Labor Department is out with a stronger-than-expected jobs report, one that makes it tough to call whether the Fed will raise interest rates in December. The Labor Department says the economy added 271,000 jobs in October, far higher than the forecast of 183,000, as the unemployment rate... More »

Jobless Figures Surprisingly Weak

Rate remains at 5.1%, but fewer jobs than expected were created

(Newser) - Not so great news out of the Labor Department this morning: The economy created 142,000 jobs in September, well below forecasts of more than 200,000, reports the AP . Even so, the unemployment rate remained unchanged at 5.1%. The 142,000 may initially sound worse than last month'... More »

Unemployment Hits 7-Year Low

Employers add 173K jobs as rate falls to 5.1%

(Newser) - Hiring was relatively weak in August, but the 173,000 jobs added by US employers were enough to bring the nation's unemployment rate down to its lowest level in seven years, reports AP . The Labor Department said today the rate dropped from 5.3% to 5.1%, a level... 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 »

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 »

Poor 'Deadbeat' Dads May Fall Into No Job-Jail Trap

Issue underscores what Walter Scott's family says happened in his case

(Newser) - The friend in the car with Walter Scott right before Scott's police-shooting death on April 4 says he'll "never know why he ran." But Scott's family says it's because he was afraid of being thrown in jail again for not paying child support, according... 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 »

Unemployment Rate Lowest Since May 2008

At 5.5%, but there's a 'but'

(Newser) - A better jobs report than expected today, at least when it comes to new jobs: 295,000 of them were added last month, and the unemployment rate fell to 5.5%, the AP reports. Economists had expected 240,000 new jobs, with the unemployment rate expected to drop from 5.... More »

Not Having a Job Could Warp Your Personality

And potentially prevent you from getting a new job: researchers

(Newser) - New research suggests being unemployed may actually alter a person's "core personality" for the worse, making it harder to secure new employment, per the American Psychological Association . A study published in the APA's Journal of Applied Psychology looked at nearly 6,769 German adults who took a... More »

1st Jobs Report of 2015: Mostly Good News

More jobs added than expected, though unemployment rate ticks up

(Newser) - The US economy added 257,000 jobs last month, a full 20,000 more than economists had expected today's jobs report to show, the Wall Street Journal reports. The unemployment rate ticked up from 5.6% to 5.7%, but as the AP explains, that's partially because more... More »

America's Male Worker Is Dying —by Choice?

'Deep changes' mean more men are choosing not to work

(Newser) - The US once had one of the highest employment rates of the world's developed nations. Now, not so much. And men in particular aren't working as much as they used to. In 2000, 89% of men aged 25 to 54 went to work, compared to 95% in the... More »

This Year Could Be Best for Hiring Since 1999

321K jobs added in November as unemployment rate holds at 5.8%

(Newser) - With the November jobs report in, America is poised to have its best year for job gains since 1999. Last month, 321,000 jobs were added, and the unemployment rate held steady at 5.8%. According to the Wall Street Journal , economists had expected just 230,000 jobs. More good... More »

Pope: Europe Is 'Elderly and Haggard'

Francis warns EU that it risks 'losing its own soul'

(Newser) - Pope Francis has been rather nice to gays and atheists , but Europe, look out. The Wall Street Journal reports that the pope took Europe to task today during a speech at the European Parliament in Strasbourg, France, calling the continent "elderly and haggard" and "no longer fertile and... More »

In Your 20s? Here's How to Get a Fatter Salary at 40

Job-hop now, study finds

(Newser) - A new study has a message for twentysomethings: To land a better-paying job that you love when you're older, it's healthy to job-hop now. It seems that frequent job-switchers boost their odds of having higher-paying, more satisfying jobs in their 30s and 40s, the Atlantic reports. While the... More »

Unemployment Rate Lowest Since 2008

It hits 5.8%, with 214K jobs added in October

(Newser) - The unemployment rate ticked down from 5.9% to 5.8% last month, its lowest level since July 2008, the AP reports. And 214,000 jobs were added; 233,000 had been expected, per the Wall Street Journal's forecast, with the unemployment rate expected to stick at 5.9%.... More »

Unemployment Rate Hits 6-Year Low: 5.9%

As 248K new jobs added

(Newser) - We saw what the AP terms a "burst of hiring" last month, with US employers adding 248,000 jobs and the unemployment rate dropping to its lowest level since July 2008—5.9%. Economists had expected 215,000 new jobs and the unemployment rate to hold at 6.1%,... More »

Today's Jobs Report: Not Great

Just 142K jobs added in August; unemployment down to 6.1%

(Newser) - Economists expected 225,000 jobs to be created in August—but today's jobs report reveals that just 142,000 were added, the "lowest level of job growth" seen this year and "well below" the average of 212,000 we've seen over the past year, the Wall ... More »

BofA, Feds Near Biggest Settlement in US History

Justice Dept. deal would cost bank $16B-$17B for foreclosure mess

(Newser) - Bank of America is headed toward the biggest settlement to arise from the 2008 financial crash, a deal with the Justice Department reportedly worth $16 billion to $17 billion over its role in the sale of mortgage-backed securities, a source directly familiar with the matter tells the AP . The tentative... More »

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