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Despite jobs report, warning signs abound
Economists got it right last month: 223,000 jobs were added to the economy in April, in line with the 228,000 expected, while the unemployment rate fell to 5.4%. Wages even picked up slightly, logging...
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April job gains rebound to 223,000; unemployment dips
Milder weather helped the labor market shake off a winter chill in April as employers added 223,000 jobs. The unemployment rate fell from 5.5% to 5.4%, lowest since May 2008. Wall Street breathed a...
View ArticleA great jobs report for investors
The jobs report met expectations for once, and that’s good news for stock and bond investors. The U.S. economy added 223,000 jobs in April, according to the Bureau of Labor Statistics. Economists...
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Monthly average of jobless claims hit 15-year low
The number of people seeking U.S. unemployment benefits ticked lower last week, pushing down the four-week average of applications to its lowest level since April 2000. Weekly applications fell 1,000...
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More Americans expect higher incomes this year
Americans are significantly more optimistic about their income prospects while their perceptions of their financial well-being have improved modestly, according to Federal Reserve survey results out...
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Job openings hit 14-year high in April
The number of job openings in the U.S. surged to a 14-year high in April in a sign that job growth could strengthen further in coming months, the Labor Department said Tuesday. Employers posted 5.4...
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Higher minimum wages chomp into restaurants
Labor’s victories in hiking minimum wages stand to “eat into” restaurant profitability, warns Moody’s Investors Service Thursday, confirming the fears of investors. Profit margins of U.S. restaurants...
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Robust jobs report could instill confidence
Due to the Fourth of July market shutdown Friday, the monthly employment report dubbed “Jobs Friday” will be renamed “Jobs Thursday.” But the latest update on the health of the U.S. job market will...
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Jobless claims rise to highest level since February
The number of people seeking unemployment benefits rose last week to the highest level since late February. But the increase likely reflected temporary auto plant shutdowns rather than any underlying...
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Applications for unemployment aid plunge to 42-year low
The number of Americans filing initial applications for unemployment benefits fell to a 42-year low last week in the latest sign the labor market is poised for further gains. First-time claims for the...
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Employers added 173,000 jobs in Aug., jobless rates falls to 5.1%
Payroll growth slowed in August as employers added 173,000 jobs in a key report that could help the Federal Reserve decide whether to raise interest rates later this month. The unemployment rate, which...
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Applications for unemployment benefits fell 6,000 last week
Fewer Americans applied for unemployment benefits last week, keeping this key indicator of labor market health near historic lows. The Labor Department said Thursday that weekly applications for...
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Businesses added 200,000 jobs in September
The private sector added 200,000 jobs in September, payroll processor ADP said Wednesday, in a possible sign that the government will report that employment growth rebounded after slowing the previous...
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Employers added just 142,000 jobs in September
News that employment growth slowed for the second straight month in September renewed concerns about the economy and weakened the case for the Federal Reserve to raise interest rates later this year....
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Jobs report and Fed rate-hike dance begins anew
The last jobs report, released on the eve of Labor Day weekend, was billed by many as the most important reading on the health of the U.S. employment market since before the invention of the...
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Jobs report could get Fed to pull the trigger
Whether the Federal Reserve pulls the trigger on an interest rate hike next month at its final meeting of the year could hinge on how many jobs the U.S. economy created in October. That’s why Wall...
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Shell plans 2,800 job cuts as U.S. oil around $35
Shell says it is cutting 2,800 jobs in a pre-planned administrative move as plunging oil prices find a floor. The oil giant says in a release Monday that the job cuts, amounting to 3% of its workforce,...
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Hiring, quits hit 9-year highs in December
The number of Americans hired and the total quitting jobs both surged to nine-year highs in December, reflecting a more dynamic labor market that’s starting to push up wages. Job openings also jumped...
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Yahoo to lay off 15% of workforce amid $400M cost-cutting
Struggling search engine company Yahoo Inc. said it plans to cut about 15% of its workforce as part of a $400 million cost-cutting effort intended to “simplify” the troubled Internet company....
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Jobs Friday clashes with March Fed meeting
It’s Jobs Friday. That means the monthly Wall Street guessing game, “Will they or won’t they hike?” will kick off after the federal government lets the world know how many jobs the American economy...
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