unemployment rate

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Young Chinese People Are Paying for Pretend Jobs

Their reasons range from needing structure to outright deception

(Newser) - Nobody wants to work for free, let alone pay for the privilege. But, in China, where unemployment is a massive problem for young people, more and more are waking up, getting dressed, commuting, and clocking into "pretend-to-work offices" where they can convince themselves—or others—that they're gainfully...

Low-Wage Workers No Longer Getting Big Raises

A pandemic trend appears to have run its course

(Newser) - The surge in wage gains for America's lowest-paid workers that defined the pandemic era appears to be running out of steam, reports the Wall Street Journal . The story uses stats from the latest jobs report to illustrate the trend:
  • Average earnings for leisure and hospitality workers—among the
...

Jobs Report Again Defies Expectations

Employers added 147K jobs despite predictions of a slowdown

(Newser) - The new jobs report is out for June, and it came in stronger than expected. In fact, both the AP and CNBC use the same phrase—"surprising resilience"—to describe the state of things.
  • Numbers: Employers added 147,000 jobs in June, above expectations of 110,000, reports
...

College Grads Find the Current Job Market 'Stings'

It's the toughest job market for young adults in more than a decade; AI may be playing a role

(Newser) - While completing a master's degree in data analysis, Palwasha Zahid moved from Dallas to a town near Silicon Valley. Zahid, 25, completed her studies in December, but so far she hasn't found a job in the industry that surrounds her. "It stings a little bit," she...

Strong Jobs Report Defies Expectations

Employers add more jobs than predicted, nearly 230K

(Newser) - The new jobs report is out, and it reflects hiring that was much stronger than expected. The impact of Friday's data on the markets, however, is being overshadowed by the new trade war that has begun after President Trump's tariffs.
  • Employers added 228,000 jobs in March, up
...

Jobs Report Comes in Much Stronger Than Expected

Employers add 256K, above estimates of 155K

(Newser) - The new jobs report is out, and hiring was much stronger than expected in December. The robust number is expected to further dampen the Federal Reserve's appetite for rate cuts. Details:
  • The number: Employers added 256,000 jobs in December, well above Wall Street's expectations of 155,000,
...

New Jobs Report Stronger Than Expected

Employers add 227K workers in November, a big rebound from October

(Newser) - America's job market rebounded in November—a solid recovery from October, when the effects of strikes and hurricanes had sharply diminished employers' payrolls.
  • Main number: Employers added 227,000 jobs, slightly above expectations of 214,000, reports CNBC . The figure also is up considerably from a meager gain of
...

Hurricanes, Strikes Result in Anemic Hiring Numbers

Employers added just 12K jobs in October, lowest since 2020

(Newser) - America's employers added just 12,000 jobs in October, a total that economists say was held down by the effects of hurricanes and a Boeing strike in particular that left many workers temporarily off payrolls. The report provided a somewhat blurry view of the job market at the end...

Unemployment Rate Takes Unexpected Jump

It's now 4.3%, highest since 2021; employers added a weaker-than-expected 114K jobs

(Newser) - The latest unemployment report is out, and it reaffirms that the once-booming US job market runs the risk of fizzling:
  • The number: Employers added 114,000 jobs in July, well below expectations of 185,000, reports CNBC . That's down from a revised figure of 179,000 in June; a
...

Employers Defy Expectations on Hiring

Latest report is much stronger than expected, and Wall Street isn't thrilled

(Newser) - The latest jobs report came in much stronger than expected, but that sign of continued economic strength isn't playing well on Wall Street:
  • New jobs: Employers added 272,000 jobs in May, well above expectations of 190,000, reports CNBC . The figure is also up sharply from April's
...

New Jobs Report Is Weaker Than Expected
US Hiring Slows
More Than Expected
May 3, 2024 7:51 AM CDT

US Hiring Slows More Than Expected

Modest numbers please Wall Street

(Newser) - The nation's employers pulled back on their hiring in April in a sign that persistently high interest rates may be starting to take a bigger toll on the economy, per the AP .
  • Main number: Employers added 175,000 jobs last month, down from a robust 315,000 in March
...

February Jobs Report Contained a Surprise

About 200K jobs were expected; the reality was higher

(Newser) - The February jobs report was an eagerly anticipated one, and it held a surprise. Economists had not expected a repeat of January's originally reported 353,000 new jobs, with most predicting the addition of 200,000 jobs last month. But February delivered 275,000 new jobs, a number the...

US Employers Keep Defying Expectations

They added 353K jobs in January, much higher than expected

(Newser) - A new report out of the Labor Department on Friday shows that American employers continue to hire at what the AP calls a "stunning" pace:
  • Employers added 353,000 jobs in January, well above expectations of 185,000, reports the Wall Street Journal . It's also higher than the
...

Hiring Once Again Defies Expectations

Employers added 216K jobs last month, higher than anticipated

(Newser) - The nation's employers added a robust 216,000 jobs last month, the latest sign that the American job market remains resilient even in the face of sharply higher interest rates. Friday's report from the Labor Department showed that December's jobs gain exceeded the 173,000 that were...

Labor Market Cools Off
Labor Market Cools Off
Nov 3, 2023 8:17 AM CDT

Labor Market Cools Off

Employers add 150K jobs in October, less than expected but still seen as a solid figure

(Newser) - The nation's employers scaled back their hiring in October, adding a modest but still decent 150,000 jobs, a sign that the labor market remains resilient despite economic uncertainties and high interest rates that have made borrowing much costlier for companies and consumers. Last month's job growth, though...

Jobs Report Absolutely Smashes Expectations

Dow futures dropped 200 points on the news

(Newser) - The highly anticipated September jobs report is out, and it shows employers added 336,000 jobs last month, blowing expectations out of the water. It's the biggest gain since January. The Wall Street Journal reports that economists were anticipating a gain of 170,000 jobs. The unemployment rate held...

New Jobs Report Suggests Rate Hike Is a Safe Bet

Employers eased up on hiring, but the labor market remains strong

(Newser) - America's employers pulled back on hiring but still delivered another month of solid gains in June, adding 209,000 jobs in a sign that the economy's resilience is confounding the Federal Reserve's drive to slow growth and inflation, per the AP . The latest evidence of economic strength...

Jobs Report Comes in Way Stronger Than Expected

Employers added 339K jobs in May, above estimates of 190K

(Newser) - The new jobs report is out, and it shows that American employers continue to hire workers at a pace that defies expectations, reports the Wall Street Journal . More:
  • New hires: Employers added 339,000 jobs in May, well above predictions of 190,000. Economists keep expecting to see a sharp
...

Hiring Cools Off a Bit, Still Remains Solid

Employers added 236K jobs in March, about in line with expectations

(Newser) - America’s employers added a solid 236,000 jobs in March, reflecting a resilient labor market and suggesting that the Federal Reserve may see the need to keep raising interest rates in the coming months, per the AP . The unemployment rate fell to 3.5%, not far above the 53-year...

Jobs Report Is Out, and Market Isn't Happy

Hiring was stronger than expected, which will likely worry the Fed in regard to inflation

(Newser) - The new jobs report is out, and it came in stronger than expected despite the Fed's continued rate hikes. But in the good-news-is-bad-news nature of the market, Dow futures immediately fell because investors fear the robust hiring will keep the Fed on track to keep those rate hikes coming....

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