unemployment rate

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Hiring Is Stronger Than Expected in June

Unemployment dips to 11.1%, but this was before new round of shutdowns

(Newser) - US employers added a substantial 4.8 million jobs in June, and the unemployment rate fell to 11.1%, as the job market improved for a second straight month, yet still remained far short of regaining the colossal losses it suffered this spring, per the AP . The nation has now...

With Jobless Numbers, 'Recovery Appears to Be Underway'

But debate continues between GOP, Dems on whether to extend unemployment stimulus relief

(Newser) - America has started its economic recovery process, reopening businesses in phases across the nation, and the labor market numbers are beginning to reflect that. Per a Thursday release from the Department of Labor, the number of people drawing unemployment benefits for the week ending May 30 fell to 20.9...

Trump Points to Jobs Report as Cure for Race Issues
Trump: It's a 'Great Day'
for George Floyd
the rundown
Jun 5, 2020 12:12 PM CDT

Trump: It's a 'Great Day' for George Floyd

President celebrates the jobs numbers, speaks of need for 'fair treatment' from police

(Newser) - "Victory lap." That's the term used by the AP and CNN to describe President Trump's reaction to Friday's surprisingly strong jobs report . "This shows that what we've been doing is right," Trump said in the Rose Garden, referring to the White House...

Millions More Jobless in US, but a Small Bright Spot

Layoffs are slowing as businesses start to reopen, rehire workers

(Newser) - Roughly 2.1 million people applied for US unemployment benefits last week, a sign that companies are still slashing jobs in the face of a deep recession even as more businesses reopen and rehire some laid-off employees. About 41 million people have now applied for aid since the virus outbreak...

Here's Where Jobs Have Taken Hardest COVID Hit

WalletHub looks at states where coronavirus has had the biggest effect on unemployment

(Newser) - Since the coronavirus has found its way to the United States, the economic ramifications have been devastating, leaving unprecedented numbers of people out of work and businesses folding. WalletHub looked at all 50 states and the District of Columbia to see which have been suffering the most on the jobs...

Trump's Top Economic Advisers Warn Things Will Get Worse

Unemployment rate could end up higher than 20% by next month, one predicts

(Newser) - The US economy is in rough shape, and things are going to get worse. That was the dire prediction from not one but two of the White House's top economic advisers Sunday, per the Washington Post :
  • "The reported numbers are probably going to get worse before they get
...

The Jobs Report Is Coming. It&#39;s Going to Be Grim
'And Now, It's Gone':
What the Jobs Report Will Hold
the rundown
May 8, 2020 12:45 AM CDT

'And Now, It's Gone': What the Jobs Report Will Hold

US is expected to have wiped out a decade's worth of jobs

(Newser) - The monthly jobs report is out at 8:30am ET Friday, when we'll find out just how grim the April employment numbers are. The March report was "shocking," without even showing the true brunt of the coronavirus pandemic's impact since the relevant surveys end mid-month. Media...

Millions More Join the Ranks of the Unemployed

20% of US workers have filed for unemployment aid

(Newser) - Another 3.2 million Americans filed for unemployment benefits last week, bringing the total over seven weeks to 33.5 million—or one in five Americans who were employed as of February, per the AP . Economists had predicted 3 million claims, Reuters reports. The week ending May 2 was the...

With Millions More Laid Off, a Dire Prediction From Economists

After 5.2M more file for unemployment, unemployment rate could hit 20% in April

(Newser) - The wave of layoffs that has engulfed the US economy since the coronavirus struck forced 5.2 million more people to seek unemployment benefits last week. Roughly 22 million have sought jobless benefits in the past month—easily the worst stretch of US job losses on record. All told, nearly...

Grim Numbers Expected in Today's Jobs Report

And there is much worse to come, analysts say

(Newser) - After a record 113 straight months of hiring, the government's monthly jobs report Friday is expected to show that the American jobs machine came to a sudden halt in March as a result of the coronavirus. Economists have forecast that the government will say employers shed about 150,000...

New Projection: Job Losses Will be Brutal but Temporary
New Forecast: 47M Jobs Lost
Mar 30, 2020 5:55 PM CDT

New Forecast: 47M Jobs Lost

Unemployment could top 32%, economist writes

(Newser) - The head of the St. Louis Fed predicted last week that US unemployment will hit 30% before the economic damage inflicted by the pandemic is over. An economist at the St. Louis Fed has written a research paper saying the toll could be even worse: 32.1% unemployment, for a...

Jobs Report Rock Solid, Despite GM Strike

Employers add 128K jobs as unemployment rate edges up to 3.6%

(Newser) - US employers added a solid 128,000 jobs in October, a figure that was held down by a now-settled strike against General Motors that caused several thousand workers to be temporarily counted as unemployed. The Labor Department says the unemployment rate ticked up from 3.5% to 3.6%, still...

Jobless Rate Hits 5-Decade Milestone

It's at 3.5%, though employers added a modest 136K jobs

(Newser) - Steady, but a little below expectations. That's the quick assessment of the Wall Street Journal of the new jobs report out Friday. Employers added 136,000 jobs in September, under the expected 145,000, though the unemployment rate fell to a five-decade low of 3.5% per the AP...

Jobs Report Misses Mark in Sign of Hiring Slowdown

Employers added 130K new jobs, and numbers for June, July were lowered

(Newser) - The new jobs report is out, and it's a lackluster one. Employers added 130,000 jobs in August, short of expectations ranging from 150,000 to 160,000, per the Wall Street Journal and the AP . The unemployment rate remained unchanged at 3.7%. In what the Journal sees...

Turns Out We Weren't Adding 200K Jobs a Month

Department of Labor revises job gains figures, with 501K fewer than previously estimated

(Newser) - It's not uncommon for the Department of Labor to revise job growth numbers. It actually does so annually, when, instead of using the surveys that help form those initial estimates, it reviews unemployment insurance records in each state to come up with more accurate figures. What is uncommon is...

Soft Jobs Report Signals Fear of a Larger Slowdown

Employers add 75K jobs, well below projections

(Newser) - May's jobs report is in, and the numbers are weaker than expected. Employers added 75,000 jobs, well below projections in the 180,000 range, reports the Wall Street Journal . The pullback in hiring is a sign that businesses may have become more cautious in the face of slowing...

March Jobs Report Suggests February's Numbers Were Blip

A solid 196K jobs were added

(Newser) - Hiring rebounded in March as US employers added a solid 196,000 jobs, up sharply from February's scant gain and evidence that many businesses still want to hire despite signs the economy is slowing. The Labor Department says the unemployment rate stayed at 3.8%, near the lowest level...

January Jobs Report Contains 'One of the Bigger Surprises'

Employers add 304K jobs, well above predictions

(Newser) - US employers shrugged off last month's partial government shutdown and engaged in a burst of hiring in January, adding 304,000 jobs, the most in nearly a year. The figure is well above analyst expectations of 165,000, resulting in what is perhaps "one of the bigger surprises...

Trump Administration May Get Its Food Stamps Wish After All

USDA proposal would tighten waiver eligibility on work requirements

(Newser) - It may soon be more difficult to get food stamps if you're jobless. The Washington Post reports the USDA has a new proposal that would tighten eligibility for food assistance from the Supplemental Nutrition Assistance Program, and it's tied to unemployment. Under the current system, most adults who...

Wages Rise at Fastest Pace in Nearly a Decade

Employers add 250K jobs, above expectations, as unemployment rate remains at 3.7%

(Newser) - The last unemployment report before the midterms is a strong one. Employers added 250,000 jobs in October, above the forecast of 188,000, reports the Wall Street Journal . The unemployment rate itself remained at a five-decade low of 3.7%, per the AP . The influx of new job-seekers in...

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