Report: U.S. Economy Added 114K Jobs In July, Unemployment Increases To 4.3%
(Photo: Olivier Dourilley/AFP via Getty Images) By James Myers, OAN StaffFriday, August 2, 2024 7:56 AM U.S. job growth slowed more than expected in July and the unemployment rate rose to 4.3%, raising concerns that the labor market is stagnating and the economy could tip into recession. advertisement The Labor Department’s Bureau of Labor Statistics […]
US economy added a paltry 114,000 jobs in July, unemployment spikes to 4.3%
U.S. job growth slowed more than expected in July and the unemployment rate rose to 4.3%, raising concerns that the labor market could worsen and tip the economy into recession. In its closely watched jobs report released Friday, the Labor Department’s Bureau of Labor Statistics said nonfarm payrolls rose by just 114,000 last month after […]
U.S. Economy Added Just 114,000 Jobs in July, Unemployment Surges
The Labor Department said Friday that U.S. employers added 114,000 workers in July, helping push the unemployment rate up to 4.3%. Economists had expected 180,000 jobs and an unemployment rate of 4.1%. Disappointing employment growth and a sharp rise in the unemployment rate suggest the economy may be heading toward a recession. The unemployment rate […]
Private companies added just122,000 jobs in July, less than expected
Olu Omodunbi, chief economist at Huntington Private Bank, said on “The Craman Countdown” that the jobs report points to a slowdown in the labor market. U.S. companies started hiring more slowly than expected in July, according to the ADP national employment report released Wednesday morning, signaling that the labor market continues to cool on the […]
Two Child Sex Offenders Added to Texas Most-Wanted Criminal Illegal Immigrants List
The Texas Department of Public Safety has added two child sex offenders to the state’s list of the 10 most wanted criminal illegal immigrants. After they are arrested, they will replace two other criminal illegal immigrants on the list. DPS officials include Fabian Martinez Toribio and Octavio Cruz Hernandez, who were recently inaugurated Texas’ Top […]
Gender-affirming care restrictions added to Senate NDAA
The Senate’s annual defense policy bill would ban the military from paying for surgeries for transgender soldiers, a move made possible by Sen. Joe Manchin, R-Indiana, who joined Republicans in a committee vote. The bill, added in a private amendment by the Senate Armed Services Committee last month to the bill known as the National […]
Ron DeSantis added to RNC speaker schedule after failed primary challenge to Trump
Florida Gov. Ron DeSantis, a former rival of Donald Trump in the 2024 presidential primary, is scheduled to speak at the Republican National Convention in Milwaukee next week, a source familiar with the matter confirmed to The Washington Post. DeSantis joined the bill. NBC Newsclaimed a “scheduling change” had made time for the 45-year-old to […]
Tesla added to China government’s official car purchase list in boost for Elon Musk
China has added the Tesla Model Y to the list of electric and hybrid vehicle models that local governments can purchase as service cars, reportedly marking a major boost for billionaire CEO Elon Musk as he seeks to increase Tesla’s sales in the country. Chinese state media outlet The Paper reported that this is the […]
US added surprisingly strong 206K jobs last month, unemployment rose to 4.1%
The U.S. labor market added more jobs than expected last month, but the unemployment rate rose more than expected, providing mixed results for investors who were hoping for news that would prompt the Federal Reserve to cut interest rates to tame inflation once and for all. Nonfarm payrolls increased by 206,000 in June, and the […]
Private companies added just150,000 jobs in June, less than expected
Construction is booming in states such as Arizona, California, Florida and Texas. U.S. companies started hiring more slowly than expected in June, according to the ADP national employment report released Wednesday morning, signaling that the labor market continues to cool on the back of rising interest rates. The company will create 150,000 jobs Last month’s […]