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...
But the Job Openings and Labor Turnover Survey, or JOLTS, showed that layoffs ticked up to 1.7 million in February from 1.6 million in January, highest since March 2023. The number of Americans quitting their jobs – a sign of confidence they can find better pay or working ...
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...
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-and-forth lobbing of tariffs between the U.S. and China also raised fears of instability, and the...
U.S December Job Report January 2024 The U.S. labor department reported on January 5, 2024 that 216,000 new jobs were added to the American economy in December 2023, compared to 199,000 in November and higher than the forecasts of only 170,000 new jobs. ...
The U.S. economy added a solid 225,000 jobs in January, according to the latest jobs report from the Bureau of Labor Statistics released Friday.
U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher interest rates.
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. ...
October 7 2024 UnhedgedRobert Armstrong The jobs report was a relief, not a revelationPremiumcontent And rising long yields October 5 2024 US economy smashes expectations with 254,000 jobs added in September Figure prompts traders to increase bets Federal Reserve will slow pace of interest rate cut...