unemployment

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How the Fed Might Respond to August's Strong Jobs Report

Jobless rate holds at 3.9%

(Newser) - Hiring picked up in August as US employers added a stronger-than-expected 201,000 jobs, a sign of confidence that consumers and businesses will keep spending despite the Trump administration's conflicts with trading partners, per the AP . The Labor Department says the unemployment rate remained 3.9%, near an 18-year... More »

No Experience or Degree? You're Hired

'Wall Street Journal' sees looser hiring standards amid low unemployment

(Newser) - It's a job-seekers' market, apparently. With unemployment low , the Wall Street Journal reports that employers in a wide range of fields around the US are loosening up on job requirements in order to fill positions. For those without a college degree or experience in a particular field, it means... 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 »

This Town Will Pay You to Live 45 Minutes From Cincinnati

Labor shortage is a problem for America's small cities, towns, and suburbs

(Newser) - America's 4.1% unemployment rate doesn't exactly bring smiles to the leaders of America's small towns. "Eventually you run out of people to do the work," is how one economist puts it to the Wall Street Journal . And we're nearing that eventuality, following an... More »

Finland Ditches Basic Income; US Is Up Next

A trial is set to take place in America in 2 states

(Newser) - It looks like universal basic income won't get the green light in Finland. A little more than a year into a two-year trial, the Finnish government says it won't expand an experiment that sees 2,000 unemployed Finns paid $685 per month in basic income , rather than financial... 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 »

Employers Added Way More Jobs Than Expected

313K in February as unemployment rate remains at 4.1%

(Newser) - US employers went on a hiring binge last month, adding 313,000 jobs, the most since July 2016, and drawing hundreds of thousands of people into the job market, per the AP . The figure of 313,000 easily surpassed the 205,000 economists had predicted, reports the Wall Street Journal ... More »

Now It's Trump vs. Jay-Z

President fires back after hiphop icon calls him a 'superbug' over 'shithole' comment

(Newser) - The subject in President Trump's Sunday morning Twitter crosshairs is somewhat less than likely: Jay-Z, reports Politico . He tweeted : "Somebody please inform Jay-Z that because of my policies, Black Unemployment has just been reported to be at the LOWEST RATE EVER RECORDED!" The back-and-forth started Saturday night,... More »

Jobs Report Is So-So, but It Continues a Streak

Economy has added 2M jobs or more annually for seven straight years

(Newser) - US employers added 148,000 jobs in December, a modest gain but enough to suggest the economy entered the new year with solid momentum, per the AP . The Labor Department says the unemployment rate remained at 4.1% for a third straight month, the lowest since 2000. Employers added nearly... More »

Employers Add More Jobs Than Expected

Unemployment rate sticks at 4.1% as employers add 228K jobs

(Newser) - US employers added a robust 228,000 jobs in November, a sign of the job market's enduring strength in its ninth year of economic recovery, per the AP . The Labor Department says the unemployment rate remained at a 17-year low of 4.1%. The economy is expanding at a... More »

Unemployment Now at Lowest in 17 Years

Rate is 4.1%, as hiring picks up after hurricanes

(Newser) - US employers added a robust 261,000 jobs in October as the economy recovered from hurricanes that slammed the Southeast in September, per the AP . The Labor Department says the unemployment rate declined to 4.1%, the lowest in nearly 17 years, from 4.2% in September. The burst of... 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 »

Hurricanes Take a Toll, but an Unemployment Milestone

Unemployment at 4.2%, the lowest since 2001

(Newser) - The new jobs report is a case of good news/bad news. The US lost 33,000 jobs in September after Hurricanes Harvey and Irma hit Texas, Florida, and other Southeastern states, which the AP reports is the first decline in almost seven years. However, the Labor Department says the unemployment... 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 »

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 »

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