Latest in u.s. unemployment

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…