unemployment rate

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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...

Unemployment Rate Parties Like It's 1969

Hits 3.7% for September, even as job growth slows

(Newser) - US employers added just 134,000 jobs in September, the fewest in a year and short of the 180,000 forecast, reports the Wall Street Journal , though the figure was likely lowered by Hurricane Florence. Even so, the unemployment rate fell to 3.7%, the lowest level since 1969. Florence...

Unemployment Rate Slips Back Below 4%

With 157K jobs added in July

(Newser) - US employers slowed their hiring in July, adding 157,000 jobs, a solid gain but below the healthy pace they maintained in the first half of this year and down from expectations of 190,000 jobs. The Labor Department says the unemployment rate ticked down to 3.9% from 4%....

Unemployment Rate No Longer Starts With a 3

Ticks up to 4%

(Newser) - The unemployment rate rose to 4% in June, up from the 18-year low of 3.8%. The uptick comes as 213,000 jobs were added, which exceeded analysts' expectation of 195,000, per the Wall Street Journal . It calls that jobs count "another strong reading in a string of...

Trump's Teasing Jobs Tweet Causes Stir on Wall Street

Rules prevent federal officials from commenting on economic data early

(Newser) - President Trump’s 7:21am tweet hinting at favorable figures in Friday’s jobs report broke presidential protocol and may have run afoul of a federal rule on the subject, reports MarketWatch . "Looking forward to seeing the employment numbers at 8:30 this morning," wrote Trump. The Office...

Unemployment Rate Hasn't Been This Low Since April 2000

It's now at 3.8%

(Newser) - May ushered in an 18-year low as far as the unemployment rate goes, with 223,000 jobs added and the jobless rate sinking to 3.8%. That's better than expected: Economists had anticipated a gain of 190,000 jobs and for the unemployment rate to hold at 3.9%....

Unemployment Rate Doesn't Budge for 6th Month in Row

Holds steady at 4.1%

(Newser) - Economists had projected the unemployment rate to drop to 4.0% for the first time since 2000, but that milestone wasn't to be in March: The jobless rate held steady at 4.1% for the sixth consecutive month, the Wall Street Journal reports. Some 103,000 jobs were added,...

Financial Experts Make 5 Predictions for 2018
Financial Experts Make
5 Predictions for 2018
in case you missed it
Dec 23, 2017 8:52 AM CST

Financial Experts Make 5 Predictions for 2018

On everything from IPOs to the S&P 500

(Newser) - It's that time of year when financial experts are asked to dust off their crystal balls and tea leaves and offer up their predictions for the economy in 2018. At Yahoo Finance , David Nelson warns that the problem with these predictions is that experts tend to extrapolate, i.e....

Unemployment Claims Fall to Lowest Level Since 1973

Claims for jobless aid drop by 22K to 222K

(Newser) - The number of Americans collecting unemployment benefits fell last week to the lowest level since Richard Nixon was president, the AP reports. The Labor Department said Thursday that claims for jobless aid dropped by 22,000 to 222,000, the fewest since March 1973. The less volatile four-week average slid...

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