"The May jobs report sent conflicting messages," said Bill Adams, chief economist for Comerica Bank. "Payrolls rose solidly, and wage growth picked up, signs the labor market is still running hot. On the other hand, the unemployment rate rose, recent job growth has been concentrated in part...
The result has been a disconnect between companies and the unemployed: While businesses are rushing to add workers immediately, many of the unemployed are either seeking better jobs than they had before the pandemic, still lack affordable child care, worry about contracting COVID-19 or have decide...
The professional, scientific and technical services sector was also a bright spot in May, as it added 32,000 jobs during the month, which is much higher than the average monthly gain of 19,000 over the past 12 months. Money Report On the other hand, social assistance employment...
“The glimmer of hope in that [April] report, as awful as it was, was that 78% of the people who lost their jobs believed that loss would be temporary,” Clemons said. “It turns out that optimism seems to have been warranted. As the economy responded and people went back to work, ...
The fourth graph shows the unemployment rate. The unemployment rate decreased in May to 13.3%. This was well above consensus expectations of 8,250,000 jobs lost, however March and April were revised down by 642,000 combined. This was a surprising employment report since all other data pointed...
Week Ahead: May Jobs Reportdoi:urn:uuid:626f172b4ebfe310VgnVCM100000d7c1a8c0RCRDWith Wall Street fixated on when the Fed will taper its vast bond-buying program, the big monthly jobs report will take the spotlight next week.Dunstan Prial...
The first graph shows the year-over-year change in total non-farm employment since 1968. In May, the year-over-year change was 11.900 million jobs. This was up significantly - since employment collapsed in April 2020. Total payrolls increased by 559 thousand in May. Private payrolls increased...
The AI industry is expected to grow to more than $1 trillion fueled by major technological advancements that became apparent last fall with the launch of OpenAI's ChatGPT bot, a report by Bloomberg Intelligence analysts shows. These jobs are most likely to be replaced by chatbots like Chat...
The U.S. economy added 2.5 million jobs in May, stunning experts who anticipated losses on the scale of the Great Depression. Jill Schlesinger joins "CBS This Morning: Saturday" to discuss the new 13.3% unemployment rate and the outlook for Ame
Bloomberg网页链接{BNP US May jobs preview}: Rebalancing, not deterioration KEY MESSAGES Normalization after the March-April swing is likely to have driven payrolls up to 200k in May, we estimate. If early Easter pulled some hiring forward, 315k in March overestimated the underlying trend, while...