The Jobs Openings and Labor Turnover Survey showed postings fell by more than 1.1 million compared to a year ago, and were at 1.3 openings to available workers. The openings rate as a share of the total labor force fell to 5.1%, a decline of 0.2 percentage points. Also, the report indi...
“The April employment report throws a bit of cold water on that idea.” Despite the cooldown, economists largely avoided alarm over the potential emergence of a weak jobs market. "The April jobs report feels really good," Mark Zandi, chief economist at Moody's Analytics, sai...
“It is encouraging to see a strong jobs report amid recession concerns, instability in the banking sector and ongoing layoffs,” said Steve Rick, chief economist at CUNA Mutual Group. “We are hopeful the continued strength of the jobs market and signs of slowing inflation will ease market vo...
A 'Mornings with Maria' panel reacts to the March jobs report, the Fed's expected rate cuts, inflation, A.I. stocks and Biden's 2025 budget proposal. Job growth sputtered in April as many industries like manufacturing and leisure and hospitality pulled back on hiring. ...
April jobs report: Unemployment is below 4% for the first time since 2000CNN Money
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But the jobs boom did not materialize, and the report marked one of the biggest downside misses on record, leaving some to wonder: What happened, and why did economists get it so wrong? "We knew friction was coming in hiring, but no one expected it would come so soon," said Robert Fr...
Major companies, including Wells Fargo, have begun laying off workers in recent weeks, and others, including Amazon, have said theyare overstaffed,further muddying the jobs outlook. (Amazon founder Jeff Bezos owns The Washington Post.) Overall, U.S. employers announced more than 24,00...
As vaccination efforts continue and statistics improve for the COVID-19 pandemic, a recent jobs report from the U.S. Department of Labor’s Bureau of Labor Statistics (BLS) shows that more employees hung up Zoom and returned to the workplace in April. According to April figures, the number...
April’s employment report will provide a bleak look at the swift collapse of the U.S. economy, which is expected to have lost a record 21.5 million jobs last month and driven the unemployment rate to 16%. The report, released at 8:30 a.m....