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May 09 2022
“The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark interest rate by a half-percentage point [last] Wednesday — its most aggressive move since 2000 — and signaling further large rate hikes to come.” (AP News)
“America’s employers added 428,000 jobs in April… Friday’s jobs report from the Labor Department showed that last month’sThe Flip Side
Sep 10 2022
I confess: I’m exaggerating in my title. As a professor at a small liberal arts college, of course I care—at least in a certain sense—if my students get jobs. I don’t wish unemployment upon them, and I hope they succeed in life. Someone—they themselves, their parents, their relatives, alumni who donate to a scholarship fund—is paying a lot of money so that they can get a college education, andThe Dispatch
Apr 01 2022
The post-pandemic job market boom continues. That's the takeaway from the March numbers, out this morning.
Why it matters: After a year of labor shortages and high inflation, Americans are going back to work in massive numbers. And they're getting paid more — though not enough to raise new inflation alarms.
At first glance, the 431,000 jobs added in March look like a decelerationAxios
Jun 22 2022
Job security jitters are on the rise. And why not? Recession chatter is all over the news (guilty ✋).
The big picture: The job market is still strong, with unemployment at a near-record low 3.6% — but the Federal Reserve wants to drive that up a bit to fight inflation. Workers have gotten the message.
Driving the news: Across all income brackets, the share of workers who fear aAxios
Aug 05 2022
The U.S. economy added many more jobs than expected last month, and there was an appetite for workers particularly in the service sector, which has been grappling with labor shortages.
The leisure and hospitality sector saw the most jobs growth, with 96,000 payrolls added in July, led by strong expansion in food and drinking places, according to the U.S. Bureau of Labor Statistics.CNBC
May 06 2022
Strong hiring in the manufacturing, transportation and warehousing and health-care sectors during April helped the U.S. economy notch its 12th straight month of job gains of 400,000 or more.
The U.S. economy added 428,000 jobs last month, the Labor Department reported Friday, the same gain as in March and following a jump of 714,000 in February and 504,000 in January.CNBC
Sep 14 2022
Half of U.S. workers responding to a recent Gallup survey now consider themselves “quiet quitters” — employees who do the minimum necessary to keep their jobs.
The percentage of disengaged workers has risen steadily since 2019, according to Gallup.
Experts attribute the spike to large numbers of managers quitting during the pandemic, a struggling job market and the unhappiness ofWashington Times
Sep 02 2022
The U.S. economy added 315,000 jobs in August, according to the Labor Department.
Economists surveyed by sources across the political spectrum expected 318,000 jobs to be added. The unemployment rate rose 0.2 percentage points from July to 3.7%. Professional and business services (68,000), health care (48,000) and retail (44,000) were the industries with the biggest monthly job gains.Fox Business CNBC Washington Post
Aug 05 2022
The U.S. economy added twice as many jobs in July as economists had predicted.
According to a Friday release from the Bureau of Labor Statistics, employers added 528,000 jobs in July, doubling economists expectations and indicating that hiring remains strong despite declining GDP and rising inflation. The unemployment rate also fell from 3.6% to 3.5%; economists predicted that it wouldCBS News (Online) CNBC Fox Business
Jul 08 2022
The U.S. labor market performed better than expected in June, adding nearly 50% more jobs than some economists expected.
U.S. employers added 372,000 jobs last month, beating the 250,000 estimate from Dow Jones economists, according to the Bureau of Labor Statistics. The unemployment rate remained at 3.6% for the fourth consecutive month, and the labor force participation rate stayedCNN Business CNBC Fox Business