Economists had expected the economy to add 185,000 jobs.
Economists had expected the economy to add 185,000 jobs.
The much-better-than-expected surge in employment puts pressure on the Federal Reserve to hike again at its two meeting that starts on the final day of October.
Economists had forecast the economy would add around 170,000 jobs, with the range of forecasts in the Econoday survey running from 40,000 to 190,000.
Economists had forecast the economy would add around 200,000 jobs,
The jobless rate rose to 21.3 percent in June, up from 20.8 percent in May. June was the third consecutive month of unemployment above 20 percent for people aged 16 to 24.
The U.S. economy added 339,000 jobs in May and the unemployment rate rose to 3.7 percent, the Labor Department said Friday. Economists had forecast employers would grow payrolls by 190,000, a downturn from the preliminary April estimate of 253,000. The unemployment rate was expected to pick up to 3.5 percent from 3.4 percent.
Economists had expected the economy to add 230,000 jobs and the unemployment rate to hold steady at the 3.6 percent reported last month.
President Joe Biden’s administration is growing the United States labor market by adding millions of foreign workers for employers to hire, leaving jobless Americans on the sidelines.
The latest low unemployment numbers and lagging wage gains all point to “more inflation in the pipeline” when workers pinched by high prices demand higher wages and those wages create even more inflationary pressure, explained Breitbart Economics Editor John Carney.
A huge surge in hiring in January defied expectations for the labor market to cool off a bit in the new year.
Economists had expected the economy to add 200,000 jobs and the unemployment rate to remain unchanged at 3.7 percent.
The German government has announced plans to boost the number of migrants arriving in the country in the hopes of bolstering its ageing workforce.
The labor market is still tight enough to support high inflation.
Economists had expected the economy to add 298,000 jobs and the unemployment rate to hold steady at 3.5 percent.
The Department of Labor released an unexpectedly strong jobs report, shifting economists expectation about the the Fed’s next rate hike.
Economists had expected 258,000 jobs for July.
Much higher than the 250,000 jobs expected.
The Federal Reserve’s campaign to rein in the worst inflation in decades will end in a recession. But so long as unemployment remains low, it’s likely inflation will remain the top worry for households even if economic growth stalls.
One of Germany’s ruling government parties has demanded that Germany “immediately” take in even more migrants despite the country’s ongoing gas crisis.
Unemployment was up for black women, Hispanic women, black teenagers, and Hispanic teenagers.
Sweden’s Minister for Employment and Gender Equality called on migrant women not to have more children than they can support.
Economists had expected the economy to add 490,000 jobs and the unemployment rate to tick down to 3.7 percent.
Economists had expected the economy to add around 440,000 jobs in February.
Diversity, Inclusion, and Equity? The racial gap in unemployment got much worse in December.
Despite the better than expected jobs numbers, the number of black women working fell in October.
Republican governors and legislatures are leading Americans back to work, according to analysis of the state-by-state unemployment data from the Department of Labor.
The Jobs Creators Network reacted to President Joe Biden’s terrible jobs report, blaming his “failed policies” and radical agenda for “wrecking small businesses” across the country.
House Minority Leader Kevin McCarthy (R-CA) responded to President Joe Biden’s disappointing September jobs report, blaming the “misguided policies” put up by the congressional Democrats that hurt the U.S. economy.
A “record share” of U.S. small businesses had unfilled positions in August, Bloomberg News reported on Thursday.
The median forecast of analysts was for 740,000 jobs and an unemployment rate of 5.2 percent.
The generous unemployment benefits in the United States likely have prevented over seven million people from accepting a job offer, based on data from a recent Morning Consult poll.
Coronavirus lockdowns hurt young people of color between the ages of 20-24 the most, according to a report from the Center for Economic and Policy Research (CEPR).
Maine’s Democrat Gov. Janet Mills announced the “Back To Work” program Monday, which will give people who join the workforce a one-time payment, administered by the state’s Department of Labor and the Department of Economic and Community Development.
Economists were expecting 650,000 jobs and an unemployment rate of 5.9 percent.
Republican-led states are proven to bring jobs back faster than Democrat-led states as Americans back to work, according to new state-by-state unemployment data from the Labor Department.
Economists expected the economy to add 938,000 jobs and the unemployment rate to fall to 5.8 percent.
Floridians who receive unemployment benefits will soon have to show proof that they are job-hunting, according to Florida Gov. Ron DeSantis.
The Swedish municipality of Strömstad has seen a 700 per cent rise in unemployment due to travel restrictions implemented after the start of the Chinese coronavirus pandemic.
The Fed’s new projections indicate that the central bankers underestimated how quickly the economy would recover in the second half of this year.
Danish Minister of Foreign Affairs and Integration Mattias Tesfaye has defended studying non-European migrant links to crime and employment.