The latest jobs report has not convinced Dennis Lockhart, the former Atlanta Federal Reserve president, that the U.S. central bank should cut interest rates by 50 basis points later this month. “I’d probably go with 25 because I think that this report is consistent ...
The July jobs report was unexpectedly weak, bringing the second-lowest monthly jobs gain this year, i.e., 114,000 jobs, according to the Bureau of Labor Statistics (BLS). In addition to underwhelming job gains, the unemployment rate, rising at a steady clip, is fueling economists’ ...
August Jobs ReportJEREMY KEE
government issues the August jobs report. Credit: AP/Michael Dwyer By The Associated PressUpdated September 1, 2023 Share WASHINGTON — America's employers added 187,000 jobs in August, evidence of a slowing but still-resilient labor market despite the high inter...
Full-time jobs fell by 242,000 while part-time positions gained by 413,000, according to the household survey, which the BLS uses to compute the headline unemployment rate. The jobs report is "not strong enough to get them to be more aggressive in terms of rate hikes, and not weak eno...
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(NewsNation) — America’s employers added 315,000 jobs in August, a decrease from a blockbuster gain the month prior, and in the face of continued inflation and recession fears. Thereport Friday from the Labor Departmentshowed the unemployment rate bumped up from 3.5% to 3.7%. The unemploym...
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The report comes at a critical time as the jobs numbers are being watched closely by the Federal Reserve. The U.S. central bank meets Sept. 20-21, with the possibility of a rate hike still on the table. In all, there was little in the report to spur the Fed. Traders immediately cut...
August jobs report falls short of expectationsThe Labor Department reported weaker-than-expected job growth for the month of August, adding 142,000 jobs. Meanwhile, the unemployment rate ticked down slightly to 4.2%. CBS News senior business and technology correspondent Jo Ling Kent has details....