New claims for jobless benefits increased by 27,000 to 229,000 for the week ending June 4, from an upwardly revised 202,000 in the prior week. … READ MORE >
unemployment
U.S. April jobs report: Another month of solid payroll gains
Sustained strength in wages continues to attract workers back into the American labor force which resulted in a net increase of 428,000 in April. … READ MORE >
U.S. February jobs report: Bittersweet symphony as employment rises by 678,000
Despite a net increase in total employment of 678,000 and a decline in the unemployment rate to 3.8% in February, the improvement in the American labor market is now in the rear-view mirror as the impact of geopolitical tensions and inflation sets in. … READ MORE >
Chart of the day: New jobless claims continue to fall
New filings for jobless benefits dropped by 16,000 to 223,000 for the week ending Feb. 5 on a seasonally adjusted basis, only 5,000 from reaching its pre-pandemic level of 218,000. … READ MORE >
U.S. January jobs report shows strong gains and significant upward revisions
The net increase of 467,000 in total employment on the back of a significant upward revision to the December estimate, from a gain of 199,000 to 510,000, affirms what the household survey has implied for the past two months: The U.S. economy is quickly approaching full employment. … READ MORE >
U.S. jobs preview: Stick a giant omicron asterisk on the January report
The omicron variant has almost surely created significant distortions in the American workforce that will become evident when the jobs report for January is released on Friday. … READ MORE >
Initial U.S. jobless claims exceed pre-pandemic level as omicron variant sets in
New filings for jobless benefits last week rose to 230,000 from 207,000 in the prior week, exceeding the average pre-pandemic level for the first time in six weeks as the impact of the omicron variant began to be felt in the labor market. … READ MORE >
U.S. December jobs report: Economy has strongest year of job creation on record
The total number of jobs created last year was roughly 6 million as the unemployment rate declined from 6.5% at the start of the year to 3.9%. … READ MORE >
December jobs report preview: Expect the unemployment rate to fall to 4.1%
We expect a net change in total employment of 475,000 jobs and a decline in the unemployment rate to 4.1% when the jobs report for December is published on Friday. … READ MORE >
Monetary and fiscal policy in a changing economy: Meeting the Fed’s full employment mandate
As workers have returned to the labor force, incomes have risen and the unemployment rate has dropped to 4.2%, a robust discussion has followed over what constitutes full employment in the American economy. … READ MORE >