jobs report

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Much-Anticipated Jobs Report a Bit Weaker Than Expected

Employers added 142K jobs in August, fewer than forecast, but that's up from July

(Newser) - One of the most anticipated jobs reports in years is out, and it's a mix of good and bad news. One big takeaway is that the data keeps the Federal Reserve on track to cut interest rates later this month, though the size of the potential cut isn't...

Why the Latest Jobs Report Is Such a Big Deal

It could affect White House race as well as Fed rate cuts

(Newser) - The monthly jobs report comes out Friday morning and since it has the potential to affect both the presidential race and the Federal Reserve's long-anticipated interest rate cut, it's being very closely watched. Economists will be watching to see if the unexpected spike in the unemployment rate in...

All Those Jobs We Added? The Estimate Was Way Off

Preliminary revision moves count down by 818K jobs for 12 months ending in March

(Newser) - Each year, the Labor Department reconciles the monthly estimates of new jobs with the actual unemployment tax records that meander in from the states. This year's preliminary revision, for the 12 months ending in March 2024, is a sizable one: The US added 818,000 fewer jobs over that...

Wall Street Selloff Intensifies After Jobs Report
Dow Is Plunging
After Jobs Report
Aug 2, 2024 10:50 AM CDT

Dow Is Plunging After Jobs Report

Index down more than 900 points after weak employment data

(Newser) - Friday morning's weak jobs report has led to a selloff on Wall Street: The Dow plunged more than 900 points, or 2.3%, in late-morning trading, while the S&P 500 was off 2.2% and the tech-centric Nasdaq was down 2.4%. In fact, the benchmark S&P...

Jobs Report Shows 'Another Healthy Month of Hiring'

America's employers added 206K jobs in June, a strong gain despite pullback from May's numbers

(Newser) - America's employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the US economy's ability to withstand continually high interest rates. Last month's job growth did mark a pullback from 218,000 in May. But it was still a strong...

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
...

Jobs Report Defies Expectations Yet Again

Wage growth was low, reducing inflation fears

(Newser) - America's employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates, the AP reports. Last month's job growth was up...

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...

Hiring Remains Stronger Than Expected

Employers added nearly 200K jobs in November

(Newser) - The nation's employers added a solid 199,000 jobs last month and the unemployment rate fell—fresh signs that the economy could achieve an elusive "soft landing," in which inflation would return to the Federal Reserve's 2% target without causing a steep recession. Friday's report...

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...

Jobs Market Is Cooling, but With Few Layoffs

Companies are posting fewer openings, not cutting jobs

(Newser) - The nation's employers added a solid 187,000 jobs in August in a sign of a still-resilient labor market despite the high interest rates the Federal Reserve has imposed. The job growth marked an increase from July's revised gain of 157,000 but still pointed to a moderating...

Employers Add Fewer Jobs Than Expected

But the figure of 187K in July is still a solid one

(Newser) - US employers added 187,000 jobs last month, fewer than expected, as the higher interest rates continued to weigh on the economy. But the unemployment rate dipped to 3.5% in a sign that the job market remains resilient, per the AP . Hiring was up from 185,000 in June,...

Strong Jobs Numbers Put Dow in a Sour Mood

Job openings fall below 10M, but they remain historically high

(Newser) - US job openings slipped in May but remained at levels high enough to illustrate that the American labor market remains resilient in the face of sharply higher interest rates. Employers posted 9.8 million job vacancies, down from 10.3 million in April, the Labor Department said Thursday. But layoffs...

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...

Powell Sees Progress Getting Inflation in Check

But Fed chief warns it will be a long process

(Newser) - Wall Street investors waited Tuesday to read the tea leaves in the latest public comments from Fed chief Jerome Powell, and they seem conflicted about the message. After Powell said the process of getting inflation in check was showing progress, the Dow quickly erased morning losses and rose more than...

Unemployment Rate Hasn't Been This Low Since 1969

Falls to 3.4%; stock market isn't happy with surprisingly strong jobs report

(Newser) - America’s employers added a robust 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve’s aggressive drive to slow growth and tame inflation with higher interest rates, per the AP . Analysts expected a figure of 187,000, notes the Wall Street Journal ...

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