The unemployment rate barely rose, but only 175,000 jobs were added in April
Job additions in April were lackluster at 175,000, many of them in the health care sector. (iStock) The U.S. added 175,000 jobs in April, according to the Bureau of Labor Statistics. employment status report. This is a small increase compared to the average monthly increase of 242,000 over the past 12 months. The unemployment rate […]
U.S. Hiring Slows With Economy Adding 175,000 Jobs in April and Unemployment Rose to 3.9%
US Employer Added 175,000 The Ministry of Labor announced on Friday that it would cut workers’ April salary payments. The unemployment rate rose to 3.9% from 3.8% the previous month. Economists had expected payrolls to rise by 240,000 and the unemployment rate to be flat at 3.8% last month. The lower end of the Econoday […]
US adds 175,000 jobs and unemployment rate rises to 3.9 percent, falling short of economist expectations
The U.S. economy added 175,000 jobs in April, and the unemployment rate rose to 3.9%, according to new Labor Department data released Friday. April’s employment report was lower than economists expected, with 240,000 new jobs and an unemployment rate of 3.8%. The latest jobs report came days after the Federal Reserve decided not to cut […]
California unemployment fund ‘insolvent’ due to $55B fraud, businesses to pay
(The Center Square) – California’s unemployment insurance fund is “structurally insolvent” due to $55 billion in fraud and overpayment during COVID-19 crisis, leading to a growing $21 billion unemployment benefits loan from the federal government the state is unable to pay down. While the state seeks loan forgiveness from the Acting United States Secretary of Labor, who […]
US unemployment would be higher if illegal immigration were counted correctly: Goldman Sachs
Joanie Billie of EmployBridge will explain how the US economy is doing in the March employment statistics on “How to make money.” The U.S. unemployment rate would be even higher if the government properly accounted for the recent surge in illegal immigration, according to a new analyst note from Goldman Sachs. Goldman strategists led by […]
The US added over 300,000 jobs in March and the unemployment rate dropped slightly
The unemployment rate fell to 3.8% from 3.9% in March. (iStock) The unemployment rate fell slightly in March to 3.8%, the Bureau of Labor Statistics said. employment status report. The unemployment rate last month remained at 3.9%. That rate has declined, thanks in part to the addition of an additional 303,000 jobs in March. The […]
US employers add 303K jobs in March, unemployment lower
U.S. employers added a massive 303,000 total payrolls in March, marking the fifth consecutive month of larger-than-expected job gains. The monthly figure was higher than the 200,000 job gain expected by economists. A strong job market has kept interest rates historically high, but Wall Street has been wary of making predictions from initial numbers in […]
California Raises Minimum Wage For Fast Food Workers Despite Highest Unemployment Rate In the Nation
California’s mandate to pay workers at fast-food chains a minimum wage of $20 an hour went into effect Monday despite concerns that it could worsen the state’s unemployment and inflation problems. The new rules will increase the minimum wage for workers at large chain restaurants by 25% and create a Fast Food Council with the […]
Bidenomics Going Bust? Unemployment Is Rapidly Rising In Most US States As Election Looms
Unemployment rates have risen in all but three states over the past year as President Joe Biden continues to boast about his handling of the economy. As of February, the states with the largest year-over-year increases in personal unemployment rates were Rhode Island, Maine, and Connecticut, all of which increased by more than 1%, but […]
California leads nation in unemployment after slower job growth than anticipated
FOX News Senior National Correspondent William La Jeunesse writes a “Special Report” on proposed changes to California’s electricity rates. California now has the highest unemployment rate in the nation after new data revealed the Golden State’s job growth in 2023 will be much lower than previously thought. Data from the state Employment Development Department It […]