jobs report

APRIL JOBS REPORT: STRONG JOB GROWTH AS WORKERS DEMAND BETTER JOBS

Jobs, unemployment, unemployment insurance / By max cyril

Nationwide—The unemployment rate remained at 3.6% in April according to this morning’s monthly jobs report. Approximately 428,000 jobs were produced, and 5.9 million workers remained unemployed. The unemployment rate for Black workers declined slightly, from 6.2% to 5.9%, yet the Black unemployment rate remained substantially higher than the rate for white workers (3.2%). The unemployment rate for …

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Jobs Report: Despite Job Growth, as Benefit Cliff Approaches, Renewing and Reforming Unemployment Insurance Is an Urgent Racial Justice Matter

Leave a Comment / unemployment insurance / By max cyril

This month’s jobs report released today by the Bureau of Labor Statistics, continues to tell the story of an uneven labor market recovery rife with longstanding inequities. In this context, the National Employment Law Project (NELP) is dedicated to transforming the system and paving the way for a more just economy that meets the need of those most impacted …

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June jobs report shows an unexpectedly strong 850,000 new jobs

Leave a Comment / Jobs, unemployment / By max cyril

The U.S. economy is up 850,000 jobs, according to the June jobs report, and the past two months’ jobs reports were adjusted upward by 15,000. June’s jobs report is the strongest result in 10 months. The unemployment rate rose slightly, to 5.9%, while the number of people who have been jobless for six months or more rose to …

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Economy Gains 263,000 Jobs in April; Unemployment Declines to 3.6%

Leave a Comment / Department of Labor / By max cyril

The U.S. economy gained 263,000 jobs in April, and the unemployment rate declined slightly to 3.6%, according to figures released this morning by the U.S. Bureau of Labor Statistics. Continued lower levels of job growth provide good reason for the Federal Reserve’s Open Market Committee to express caution in considering any interest rate hikes. Last month’s biggest job gains …

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The Economy: The New Normal Isn’t

Leave a Comment / economy / By max cyril

The November jobs report – 211,000 jobs with the headline unemployment rate staying at 5 percent – met “expectations.” It is now virtually inevitable that the Federal Reserve will begin raising interest rates at its December 15-16 meetings, as Fed Chair Janet Yellen indicated in her congressional testimony yesterday. The Federal Reserve action essentially declares …

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Economists React to October Jobs Report

Leave a Comment / economy / By max cyril

October provided good news for the economy. The economy added 271,000 jobs, according to the U.S. Bureau of Labor Statistics, a big increase over September’s number of 137,000 jobs. The unemployment rate also fell fractionally from 5% to 5.1%. Average hourly private-sector earnings were up 9 cents, which, if sustained, will finally start producing real …

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Economy Adds 257,000 Jobs in January

1 Comment / Uncategorized / By max cyril

The economy added 257,000 jobs in January and the unemployment rate ticked slightly up to 5.7% from December’s 5.6%, according to figures released this morning by the U.S. Bureau of Labor Statistics. The number of long-term unemployed (those jobless for 27 weeks or more) was unchanged from December at 2.8 million, but the median duration of …

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248,000 New Jobs Drop Jobless Rate to 5.9% in September

Leave a Comment / Uncategorized / By max cyril

The economy added 248,000 new jobs in September, a big increase over the 180,000 jobs added in August. The unemployment rate fell to 5.9% compared to 6.1% in August, according to figures released this morning by the U.S. Bureau of Labor Statistics. Over the past year, the unemployment rate has dropped by 1.3 percentage points and …

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