The unemployment rate held steady at 6.7%, the Labor Department said in its monthly payroll report, released Friday. Economists surveyed by Refinitiv expected the report to show that unemployment edged higher to 6.8% and the economy added 71,000 jobs. In total, the U.S. has recovered roughl...
The Great Resignation refers to a period starting in 2021 and culminating in late 2022 (particularly November to December) which saw a large number of people quit their jobs in search of better pay and benefits with new employers. A record number of Americans (47.4 million) quit their jobs ...
Job openings rose just 1.1% in December to 6.6 million, the JOLTS report found. That leaves the number of job postings significantly below the pre-pandemic level of 7 million last February. Other measures of available jobs suggest that they have fully recovered from the pandemic but are growing...
131 Can animals be made to work for us Some scientists think that one day animals may be trained to do a number of simple jobs that are now done by human beings. They point out that at a circus, for example, we may see elephants, monkeys, dogs and other animals doing quite skillful...
NEW YORK/LONDON (Reuters) -MSCI's global equities gauge fell more than 1% on Friday and U.S. Treasury yields dropped as investors worried about the health of the economy after a mixed U.S. jobs report cemented expectations for the Federal Reserve to lower interest rates this month...
The US economy added a record 6.4 million jobs in 2021, rebounding strongly from unprecedented losses in the year prior due to the pandemic. Furthermore, the unemployment rate fell to 3.9% in December, according to Labor Department data released Friday. That represented a drop of 2.8 percentage...
The report comes just days before the government is scheduled to release the December jobs report on Friday, which will show how many jobs were gained last month, and whether the unemployment rate rose or fell. Wednesday’s report — known as the Job Openings and Labor Turnover Su...
The loss of so many jobs has meant hardship for millions of American households. In December, employers cut 140,000 positions, the first loss since April and the sixth straight month in which hiring has weakened. The unemployment rate remained stuck at a still-high 6.7%. ...
That difficulty was once again on display in thelatest jobs reportpublished on December 3, which showed just 210,000 new positions created in November. The unemployment rate tumbled further to 4.2 per cent, a far cry from the nearly 15 per cent level reached last year. The numbers confounded...
After the country lost 227,000 jobs in December, hiringreboundedin January — albeit with a modest gain of 49,000 jobs — as the rise in coronavirus infections abated and vaccinations accelerated. Economists polled by Bloomberg expect that the US will add 145,000 jobs in February, pushing the...