Biden Scores Migrants More Jobs While Americans Drop Out of Workforce
President Joe Biden’s economic policies aim to give more jobs to foreign-born workers in the U.S. labor market as hundreds of thousands of native-born Americans have dropped out of the workforce over the past year. New Bureau of Labor Statistics data It shows that 637,000 foreign-born workers joined the U.S. labor market last year, while […]
US dollar bounces as strong jobs report likely delays Fed easing this year – Yahoo Finance
By Gertrude Chavez Dreyfuss NEW YORK (Reuters) – The U.S. dollar rebounded on Friday after data showed the world’s largest economy created significantly more jobs than expected last month, suggesting the Federal Reserve may be slow to begin its monetary easing cycle this year. The dollar index, which tracks the greenback against six major currencies […]
May jobs report: Health care, government boosted hiring last month
Lincoln Tech CEO Scott Shaw explains in “Varney & Company” why young workers are seeking trades jobs: The U.S. economy added jobs at a faster-than-expected pace in May, driven by strong hiring in the health care and government sectors that boosted overall employment. Employer Added 272,000 jobs In its monthly payroll report released Friday, the […]
US adds 272,000 jobs, unemployment rises to 4 percent
The U.S. economy added 272,000 jobs in May, and the unemployment rate rose slightly to 4%, according to new Labor Department data released on Friday. The May employment report was much better than expected by economists, who had projected a gain of 185,000 jobs and an unemployment rate unchanged from April’s 3.9%. But the slight […]
US adds 272,000 new jobs in May — blowing past estimates
The US economy added an astounding 272,000 jobs last month, well above the 180,000 that analysts had predicted. Wall Street stock futures fell sharply on the news, as the continued strength of the job market makes it unlikely the Federal Reserve will cut interest rates anytime soon. Last month’s strong job gains reflect the durability […]
U.S. Economy Added 272,000 Jobs In May, Shutting Door On Rate Cuts Early This Summer
The Labor Department said Friday that U.S. employers added 272,000 workers in May, all but eliminating the possibility of the Federal Reserve cutting interest rates early this summer. Hiring was very strong in May, with the unemployment rate rising to 4% despite a slight decline in the labor force participation rate. Economists had expected payrolls […]
Reform California Chairman Roasts Democrats’ Bill Giving Illegals Taxpayer-Funded State Jobs
Democrats in the California Assembly are facing backlash over proposals that could benefit undocumented immigrants. A Assembly bill could direct the University of California (UC) system to hire undocumented immigrants for taxpayer-funded state jobs, with Reform California Chairman Carl DeMaio sharply criticizing lawmakers, Fox News reports. report Tuesday. According to the California Globe, there are […]
Jobless claims tick higher ahead of critical May jobs report
Claims for jobless benefits rose to a four-week high last week, ahead of May’s employment report, which will be key data for the Federal Reserve as it considers whether to start cutting interest rates this year. The Labor Department said Thursday that new initial claims for unemployment benefits rose by 8,000 to 229,000 for the […]
California fast food restaurants have cut 10,000 jobs since passing $20 minimum wage: business agency
California Governor Gavin Newsom’s successful move to raise the minimum wage for many of the state’s fast-food workers is having a devastating effect on businesses that are being forced to cut labor costs to survive, critics say. Chipotle, McDonald’s and other major fast-food chains have been raising prices to catch up with the $20 an […]
White-collar workers are struggling to find jobs as the labor market slows
Jack Otter and the Barron’s Roundtable panel discuss why job gains were lower than expected in April. US Labor Market Hiring is stabilizing after months of rapid job growth, but some workers are feeling the slowdown more than others. Recent Data According to a Vanguard survey, demand for high-income workers is declining, creating a two-tiered […]