A robust US job market likely defied shutdown during January

Business 01/31/19, 17:43

U.S. employers likely kept adding jobs at a healthy pace in January even in the face of threats ranging from weakening global growth to the Trump administration's trade war with China to the partial shutdown of the government. On Friday, the Labor Department will issue the monthly employment report, the first ...

Eurozone unemployment a bright spot amid growing gloom

Europe 01/09/19, 06:55

Unemployment across the 19-country eurozone fell in November to a decade-low rate, official figures showed Wednesday, but worries over the economic outlook have stoked concerns it may not fall much lower, if at all.Eurostat, the European Union's statistics agency, said a 90,000 monthly fall in the number out of work ...

US employers added a stellar 312,000 jobs in December

Business 01/04/19, 07:27

U.S. employers dramatically stepped up their hiring in December, adding 312,000 jobs in an encouraging display of strength for an economy in the midst of a trade war, slowing global growth and a partial shutdown of the federal government. The Labor Department said Friday that the unemployment rate rose slightly to ...

US hiring slowed to 155K jobs, jobless rate stayed 3.7%

Business 12/07/18, 08:32

U.S. employers pulled back on hiring in November, adding just 155,000 jobs. That's below this year's average monthly gains but enough to suggest that the economy is expanding at a solid pace despite sharp gyrations in the stock market.The Labor Department says the unemployment rate remained 3.7%, nearly a five-decade ...

Solid US jobs report expected amid sharp market volatility

Business 12/07/18, 07:40

Friday's jobs report for November is expected to point to a solid economy for most Americans, with steady hiring, a low unemployment rate and faster wage gains.If so, it would provide a dose of welcome news after this week's frantic financial market gyrations, which have been driven by concerns that the ...

Fed likely to keep rates on hold and sketch a bright outlook

Business 11/05/18, 12:03

With the economy strong, wages rising and unemployment at a near-five-decade low, the Federal Reserve remains on track to keep raising interest rates — just not this week.After the Fed's latest policy meeting, it's expected to signal a healthy outlook for the economy but to hold off on any further ...

Iran braces for oil sanctions after currency crash, protests

World 11/02/18, 02:09

Iran is bracing for the restoration of U.S. sanctions on its vital oil industry next week, as it grapples with an economic crisis that has sparked sporadic protests over rising prices, corruption and unemployment. The oil sanctions, set to take effect on Monday, will target the country's largest source of revenue ...

With employers eager to fill jobs, hiring could stay strong

U.S. 11/01/18, 12:00

Against the backdrop of next week's midterm elections, the U.S. job market is the healthiest it's been in at least two decades. And with another strong hiring report expected Friday, some barometers of the job market suggest that it has room to strengthen further. Businesses, hungry for workers, are advertising a ...

California unemployment rate falls to record low 4.1 percent

California 10/19/18, 08:37

The good economic times keep rolling in California, where the jobless rate fell to a record low 4.1 percent in September and the state's rural and agricultural areas are seeing historically low unemployment.Numbers released Friday show more than eight straight years of employment increases, California's second-longest expansion since World War ...

As joblessness falls, skilled workers might be hard to find

U.S. 10/06/18, 10:46

Are America's employers at risk of running out of skilled people to hire?The U.S. economy has become a seemingly perpetual job-generating machine, having steadily added workers for nearly eight years. Even with the unemployment rate now at 3.7 percent — its lowest point since 1969 — hiring hasn't stalled. So ...

Not since 1969: US regains ultra-low 3.7 pct. unemployment

U.S. 10/05/18, 10:20

The last time the U.S. unemployment rate was roughly as low as the 3.7 percent it is now — December 1969 — the economy was overheating, inflation was spiking and a short recession soon followed.Could that happen again?Probably not anytime soon, most economists say. Yet there are some surprising similarities ...

US unemployment rate falls to 49-year low of 3.7 percent

Business 10/05/18, 04:41

The U.S. unemployment rate fell to 3.7 percent in September — the lowest level since December 1969 — while hiring slowed.Employers added just 134,000 jobs, the fewest in a year, the Labor Department said Friday. But that figure was likely lowered by Hurricane Florence.Florence struck North and South Carolina in ...

5 things to watch for in Friday’s monthly US jobs report

Business 10/04/18, 15:13

The U.S. economy is humming, unemployment is skating near a half-century low and businesses are eager — desperate, in some cases — to hire. And when the government issues its September employment report Friday, expectations are high for another sunny picture of the job market.Economists have forecast that the government ...

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