The report comes with Federal Reserve officials contemplating their next moves on monetary policy. At their most recent meeting, policymakers indicated they need to see more progress on inflation before lowering interest rates, while noting that a strong economy and in particular a solid labor market...
Matt O'Brien
The U.S. labor market closed out 2023 in strong shape as the pace of hiring was even more powerful than expected, the Labor Department reported Friday. December'sjobs reportshowed employers added 216,000 positions for the month while the unemployment rate held at 3.7%. Payroll growth showe...
Text 4 Many people talked of the 288,000 new jobs the Labor Department reporled for Jure, along with the drop in the unemployment take to 6 J percent. at good news. And they were right. For now it appears the economy is creating jobs at a decent pace. We still have a long way ...
The Department of Labor also releases a weekly jobless claims report. This measures the claims for initial unemployment benefits reported by each state every week. It also says how many of the unemployed are still receiving benefits. This report gives an indication of trends and indicates whether ...
The Labor Department is scheduled to release itsjobs reportfor October on Friday, which will be the last major economic data release ahead of Election Day and the Federal Reserve's policy meeting next week. American voters and Fed policymakers will have the opportunity to analyze the s...
The report Friday from the Labor Department showed the unemployment rate bumped up from 3.5% to 3.7%. The unemployment rate in July reached the lowest level since the pandemic erupted two years ago.
Friday's report from the Labor Department also showed that the unemployment rate rose from 3.5% to 3.8%, the highest level since February 2022 though still low by historical standards. But the rate rose for an encouraging reason: A sizable number of people — ...
The latest jobs report is a sign that more Americans are headed back to work. The U.S. unemployment rate dropped to 11.1 percent in June as many coronavirus-closed businesses began to rehire millions of workers who had been idled in the pandemic. The Labor Department report released...
David Kelly, the chief global strategist at JPMorgan Asset Management: “The February employment report was positive all round, showing booming job growth and muted wages and a strong economy with still some room to run.” The Labor Department revised numbers for the past two months. The econom...