Kevin Lessmiller
US labor market cools slightly, adding 315,000 jobs
Though the pace of hiring slowed considerably from the previous month, payroll gains in August could be enough to trigger another interest rate hike.
Labor market stays red-hot, adding 528,000 jobs
Shattering expectations as recession fears grow, the U.S. economy added a whopping 528,000 jobs in July while the unemployment rate dropped to 3.5%.
Unfazed by recession fears, US employers add 390,000 jobs
The U.S. economy is now just 822,000 jobs below its pre-pandemic level in February 2020, according to a Labor Department report released Friday.
Labor market hot streak continues as US adds 428,000 jobs
Over the last three months, American employers have added an average of 523,000 positions per month. Last month’s payroll growth beat economists’ expectations of about 400,000 jobs.
Unemployment rate falls to 3.6% as economy adds 431,000 jobs
Though payroll growth fell short of economists’ expectations of around 490,000 new jobs, the 3.6% jobless rate is better than predicted and is nearing the 3.5% level recorded in February 2020, just before the coronavirus pandemic brought the U.S. and global economy to a screeching halt.
US employers add 678,000 jobs as pandemic fears fade
American employers added a whopping 678,000 new jobs last month while the unemployment rate dropped to 3.8%, a pandemic-era low.
Recovery slows down as economy adds back 1.4M jobs
Government jobs grew by 344,000 last month, but a large chunk of that gain – 238,000 jobs – came from the temporary hiring of census workers. The public sector is still 831,000 jobs below its February level.
Economic growth fell by 4.8% in first quarter; second quarter to be worse
The U.S. economy shrank at a rate of 4.8% in the first three months of 2020, and the second quarter is expected to be even worse as the coronavirus pandemic continues to ravage the U.S. economy.
Economy lost 701K jobs in March, ending record streak
Ending a record decade-long streak of employment growth, the U.S. economy lost 701,000 jobs in March as the coronavirus pandemic triggered a nationwide shutdown.
Central bank slashes interest rate amid virus fears
The Federal Reserve on Tuesday announced an emergency half-point cut to its key interest rate, a move meant to protect the economy as the coronavirus outbreak slows markets around the world.