On top of the sizzling job growth it reported for January, the government on Friday also revised up its estimate of the gains in November and December by a combined 71,000. President Joe Biden called the jobs report “strikingly good news” and asserted that his Republican critics were wrong...
WASHINGTON — An unseasonably mild January helped power the U.S. jobs market to more gains, with nonfarm payrolls rising 225,000 for the month, well above Wall Street estimates. The unemployment rate ticked higher to 3.6%, but for the right reason as the labor force participation rate increas...
Mining also showed a loss of 7,000 positions, bringing to 19,000 the total jobs lost since May. The strong jobs report comes amid a challenging year for the U.S. economy. Recession fears surged in late-summer amid worries that a global slowdown would spread to American shores. The back-...
The report contained a bad omen for manufacturing, which has been in a year-long rut: In January, the sector lost 12,000 jobs, most of which stemmed from motor vehicles and parts. PRIVATE SECTOR JOB GROWTH BLOWS PAST WALL STREET'S EXPECTATIONS IN JANUARY WITH 291,000 ADDED There was anot...
Employersadded 517,000 jobsin January, the Labor Department said in its monthly payroll report released Friday, easily topping the 185,000 jobs forecast by Refinitiv economists. It marked the best month for job creation since July. The unemployment rate, meanwhile, unexpectedly dropped to 3.4...
US January Jobs Report 2013: Unemployment Rate To Hold Steady; Payrolls To Show Steady GrowthA 160,000 job gain in January would maintain the current job uptrend, but gains still aren't big enough to lower the high unemployment rate.
Things to Look Out for This Week – US Jobs Report 04/01/2021 The first week of 2021 indicates that the year might be more traditional than the tumultuous 2020. An economic calendar packed full of official announcements outlines the course of the next week. For once, market participants can...
The U.S. economy created just 151,000 jobs in January, the latest sign that growth is slowing, though the unemployment rate fell to 4.9 percent. Amid volatile financial markets and signs of contraction in manufacturing and corporate profits, the job engine slowed as well. ...
America’s employers added a stunning 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve’s aggressive drive to slow growth and tame inflation with higher interest rates. The unemployment rate dipped to 3.4%, the lowest level since 1969. Sponsored: Is the...
January 2 2025 US economy The coming American labour market shock Ignore the Fed’s flip-flop and focus on labour dynamics December 19 2024 Employment Draw your own chart game: how well do you know the jobs market? Test your knowledge on trends from hybrid schedules to AI hiring ...