Latest in u.s. unemployment

Employers added 263,000 jobs in September and the unemployment rate fell to 3.5%, in line with expectations that job growth would slow during the month. Still, the pace of hiring was slightly higher than predictions. The biggest job gains were in leisure, hospitality and health care, according…

Hiring eased in August, as employers added a still robust 315,000 jobs, while the unemployment rate rose 0.2 percentage points to 3.7%. Job gains occurred in professional and business services, health care and the retail trade, while average hourly earnings rose by 10 cents to $32.36, according to the Bureau of Labor S…

The U.S. economy added 528,000 jobs in July, an unexpectedly robust figure that nevertheless has triggered concerns over ongoing inflation. The unemployment rate dropped to 3.5%. The job growth was “widespread,” according to the Bureau of Labor Statistics, with gains in leisure and hospitality, professional and…

The U.S. economy added a robust 372,000 jobs in June, as unemployment remained at 3.6%, signaling resilience amid concerns of a recession. The largest gains were in professional and business services, leisure and hospitality and health care. Jobs in information industries increased by 25,000, including 9,000 in…

Joe Biden, touting a better-than-expected jobs report, responded to reports that Elon Musk has a “super bad feeling” about the economic outlook and that he wants to slash jobs at Tesla by 10%. “While Elon Musk is talking about that, Ford is increasing their investment, overwhelmingly. I think Ford is increasing the…

The U.S. economy added 431,000 in March, continuing its robust growth, as the unemployment rate fell to 3.6%. The number of jobs added met or beat expectations, and signaled the continued return of normalcy from the Covid pandemic. March was the month that many companies set for their employees to return to the…

UPDATE, 8:12 AM PT: President Joe Biden seized on a robust jobs report to make the case that his economic agenda is working, as he called on House lawmakers to vote on two key bills. “Our economy is on the move,” Biden said in his remarks from the White House, as he argued that job recovery has come much faster than…

UPDATED, 10:08 AM PT: President Joe Biden characterized the latest jobs figures as progress, even if the growth in employment was less than economists had expected. “Jobs up, wages up, unemployment down. That's progress,” Biden said, as he tried to make the case that the situation is improving. He also noted that the…

UPDATED at market open: The DJIA was down 240 points or 0.87%, having shaved half its premarket losses. Media and tech shares were down across the board. U.S. stocks however had cut their losses by the open following hours of volatile trading, in part, observers speculated, on hopes that President Trump’s positive…

The U.S. unemployment rate declined to 11.1% and total employment rose by 4.8 million in June, the Bureau of Labor Statistics reported Thursday. It said job increases were driven mainly by unemployed people who had been temporarily laid off returning to work and were heavily skewed to the leisure and hospitality…