US economy

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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 »

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 »

Here's How Much We Spend to Get Married

The Knot survey finds the average wedding cost $31,213 in 2014

(Newser) - In what some are calling one sign of an improving economy, if at the expense of newlyweds, a new survey by The Knot finds that the average cost of a US wedding jumped to $31,213 last year, marking a five-year high when adjusted for inflation. In its eighth report,... 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 »

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 »

Dow Breaks 18K for First Time

Plus consumer spending, business investment help US economy grow 5% in 3rd Q

(Newser) - The Dow Jones Industrial Average cruised past 18,000 for the first time ever today, the AP reports. The S&P 500 also broke records this morning, rising six points (0.3%) to 2,084. This followed on the heels of news that the US economy grew at a sizzling... 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 »

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 »

CIA Analyst: Next Great Depression 'About to Strike'

Jim Rickards sees bad news in the Fed's 'Misery Index'

(Newser) - A CIA analyst known for his dire economic predictions is speaking up again, warning that the next Great Depression may be right around the corner. Jim Rickards, a "financial threat and asymmetric warfare adviser" for the CIA, tells Money Morning that Americans should be preparing for a $100 trillion... 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 »

July's Jobs Report: 'Goldilocks-esque'

209K jobs added, unemployment ticks up to 6.2%

(Newser) - Not much surprising news in today's jobs report: The economy added 209,000 jobs, when 230,000 had been expected, according to the Wall Street Journal ; the unemployment rate ticked up to 6.2%, when it had been expected to remain 6.1%. Michael J. Casey sums things up... More »

Economy Surged at 4% Rate in Spring

Further growth expected in 2014; revisions show fast growth in 2013

(Newser) - After a dismal winter, the US economy sprang back to life in the April-June quarter, growing at a fast 4% annual rate on the strength of higher consumer and business spending. That beat economists' expectations, the New York Times notes. The Commerce Department says the second-quarter rebound followed a sharp... More »

White House: Cut Carbon Now, or Pay $150B a Year Later

Climate change costs could jump 40% each decade

(Newser) - When it comes to climate change, the United States can pay to cut carbon emissions now, or we can pay about $150 billion a year down the road as costs soar by about 40% a decade, according to a White House Council of Economic Advisers analysis out today, as per... More »

US Economy Shrank 2.9%— Worst Since '09

Number much higher than expected

(Newser) - The US economy shrank at a staggering annual rate of 2.9% in the January-March quarter as a harsh winter contributed to the biggest contraction since the depths of the recession five years ago. The Commerce Department says the first-quarter contraction was even more severe than the 1% annual decline... More »

A Nuclear War Would ... Boost Property Values?

Americans would be 'relatively' wealthier, says 1969 report

(Newser) - Sure, nuclear attacks on the US could level populated areas—but two papers conclude that Americans would see an economic upside, Medium reports. The first, a 1969 report by the Institute for Defense Analyses, looks at a possible nuclear strike on Houston, Texas. It says that Americans would be "... More »

Interest Rates Won't Be Rising Anytime Soon

Fed wraps up meeting, cuts growth forecast

(Newser) - The Federal Reserve has sharply cut its forecast for US growth this year, reflecting a shrinking economy last quarter caused mostly by harsh weather. At the same time, the Fed has barely increased its estimate of inflation despite signs that consumer price increases are picking up. Its benign inflation outlook... More »

Jobless Rate Down—and So Is Job Security

Companies reluctant to take risks on long-term hires

(Newser) - The unemployment rate may be down to 6.3% , but that doesn't mean the jobs we have are permanent. The New York Post points to an increasing number of "temp-to-hire" workers, who may be working 40-hour weeks but lack job security and miss out on benefits. Some 3%... More »

We've Finally Regained All the Jobs Lost in Downturn

Jobs report shows 217K new jobs in May, unemployment at 6.3%

(Newser) - Today's jobs report shook out slightly better than expected. Last month, 217,000 jobs were added, while economists had expected 210,000; the unemployment rate remained at 6.3%, while economists had expected it to tick up to 6.4%. That's the fourth straight month of "solid... More »

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