The U.S. economy added 165,000 jobs in October, nearly triple economists’ expectations of 60,000, according to the Bureau of Labor Statistics. Where jobs grew: Professional and business services led the gains with 70,000 jobs, followed by health care (+42,000), transportation ...
The number of Americans filing for unemployment benefits fell to 194,000 for the week ending October 17, a decrease of 6,000 from the previous week’s revised level, according to the Department of Labor. Why it matters: The four-week moving average, ...
The number of Americans filing for unemployment benefits unexpectedly fell last week, offering another sign that employers remain reluctant to lay off workers despite slowing job growth. Why it matters: While claims declined this week, they have not fallen for ...
The U.S. economy added just 29,000 jobs in September, plunging from 133,000 in August and marking the second-weakest month for job creation in the past seven months. Why it matters: The labor market has spent much of this year in ...
The U.S. labor market continues to show remarkably few signs of widespread layoffs. Initial jobless claims fell by 1,000 to 197,000 last week, marking the third consecutive week below 200,000 and the third-lowest reading of the year. Why it matters: ...
Private employers added 90,000 jobs in September, according to ADP, a sharp acceleration from the 36,000 jobs added in August and the strongest month since June. The increase also easily topped economists’ expectations for a 50,000 gain. Why it matters: ...
The U.S. labor market showed another sign of cooling in August, with job openings falling to 7.08 million from 7.33 million in July. That was the lowest level since March and well below economists’ expectations for 7.23 million openings. Why ...
The number of Americans filing for unemployment benefits fell again last week, with initial jobless claims dropping to 197,000, according to the Department of Labor. Why it matters: Claims fell by 1,000 from the prior week’s revised 198,000. That puts ...
The number of Americans filing for unemployment benefits unexpectedly fell below 200,000 last week, providing another sign that layoffs remain historically low. Why it matters: Initial jobless claims fell by 10,000 to 196,000 for the week ending September 12, according ...
Private-sector hiring came in weaker than expected in August, adding to signs that the U.S. labor market continues to lose momentum. Why it matters: Private payrolls increased by just 38,000 jobs in August, according to the ADP Employment Report, down ...