The Labor Department said first-time jobless claims fell far more than expected for the week ending October 14, an indication of strong labor demand. The advance figure for seasonally adjusted initial claims was 222,000, a decrease of 22,000 from the previous week’s revised level and much lower than the 240,000 forecast. The four-week moving average […]
153,513,000: Record Number of Americans Employed in July…
The number of employed Americans hit a record high of 153,513,000 in July, according to the latest numbers released by the Bureau of Labor Statistics. There were 345,000 more Americans who gained employment over the month, and more individuals joined the labor force as well. There were 349,000 more Americans who joined the labor force […]
U.S. Created 209,000 Jobs in July, vs 183,000 Jobs Expected…
The U.S. economy continued a strong summer, adding 209,000 jobs in July while the unemployment rate fell to 4.3 percent, the lowest since March 2001, according to a government report Friday. Economists surveyed by Reuters had expected the report to show growth of 183,000; the unemployment rate met expectations. A more encompassing rate that…
Number of U.S. College Grads Working for Minimum Wage Jobs Hits All-Time High…
Jobs in professional fields are paying less than they did before the 2007 crisis, and many recent college graduates are settling for work in low-paying sectors of the economy, where gains in wages and promotions happen more quickly for highly-qualified employees. Kristian Rouz – Wage stagnation, which has plagued the US economy for almost two […]
For Every Living-Wage Job, There Are Seven People Looking for Work…
Living-wage jobs are scarce in the United States. The People’s Action Institute (PAI), a national organization with the goal of achieving economic, racial, gender and climate justice, just released a study that reinforces the profound need for jobs that pay a wage people can live on. A PAI news release states…
GM to Invest $1B in U.S., Add Jobs…
General Motors Co., days after being called out by President-elect Donald Trump for expanding operations in Mexico, plans to announce U.S. investments totaling at least $1 billion that would create more than 1,000 jobs, two people with knowledge of the plan said late Monday…
U.S. Economic Outlook – Fed Res Chair Janet Yellen’s Remarks Before Joint Economic Committee…
The U.S. economy has made further progress this year toward the Federal Reserve’s dual-mandate objectives of maximum employment and price stability. Job gains averaged 180,000 per month from January through October, a somewhat slower pace than last year but still well above estimates…
U.S. Economy – Something is not Right…
Something very strange has recently happened with the national manufacturing ISM data. Not only are they regularly at odds with the PMI data released by Markit, but they…
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