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It's a Stunner: Eye-Popping Number of Jobs Added

Rate falls to 13.3% as 2.5M jobs are gained

(Newser) - Heading into the release of Friday's jobs report, economists expected millions more job losses and an unemployment rate at or even above 20%, per the AP . Not even close. Employers actually added 2.5 million jobs in the month, and the unemployment rate dropped from 14.7% to 13.... More »

Trump's Top Economic Advisers Warn Things Will Get Worse

Unemployment rate could end up higher than 20% by next month, one predicts

(Newser) - The US economy is in rough shape, and things are going to get worse. That was the dire prediction from not one but two of the White House's top economic advisers Sunday, per the Washington Post :
  • "The reported numbers are probably going to get worse before they get
... More »

'And Now, It's Gone': What the Jobs Report Will Hold

US is expected to have wiped out a decade's worth of jobs

(Newser) - The monthly jobs report is out at 8:30am ET Friday, when we'll find out just how grim the April employment numbers are. The March report was "shocking," without even showing the true brunt of the coronavirus pandemic's impact since the relevant surveys end mid-month. Media... More »

Jobless Claims Clock in at Quadruple the 1982 Record

At nearly 3.3M

(Newser) - Nearly 3.3 million Americans applied for unemployment benefits last week—more than quadruple the previous record set in 1982—amid a widespread economic shutdown caused by the coronavirus. The surge in weekly applications was a stunning reflection of the damage the viral outbreak is doing to the economy. Filings... More »

Unemployment Rate Slips Back Below 4%

With 157K jobs added in July

(Newser) - US employers slowed their hiring in July, adding 157,000 jobs, a solid gain but below the healthy pace they maintained in the first half of this year and down from expectations of 190,000 jobs. The Labor Department says the unemployment rate ticked down to 3.9% from 4%.... 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 »

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 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 »

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 »

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 »

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 »

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 »

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 »

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 »

In This Frigid Territory, Unemployment Is Illegal

As a result, Svalbard is basically crime-free

(Newser) - How does Svalbard, Norway, remain nearly crime-free? There are a number of factors (there are fewer than 3,000 official residents and it's a remote territory with no quick escape routes), but perhaps the biggest one is that in Svalbard, it's basically against the law to be unemployed.... 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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