Tag: unemployment rate

September Job Growth Exceeds Expectations as Unemployment Falls

Daily Caller News Foundation
Job Interview

The U.S. added 254,000 nonfarm payroll jobs in September as the unemployment rate ticked down to 4.1%, according to Bureau of Labor Statistics (BLS) data released Friday.

Economists expected 150,000 jobs to be added in September, slightly higher than the initially reported 142,000 job gain in August, and the unemployment rate to remain at 4.2%, according to MarketWatch. Meanwhile, previously reported job gains for July and August were revised up by 55,000 and 17,000, respectively, breaking a trend under the Biden-Harris administration of overestimating employment growth in initial estimates, with the cumulative number of new jobs reported in 2023 roughly 1.3 million less than previously thought.

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U.S. Job Growth Slows to a Crawl as Unemployment Rises

Florida Capital Star Staff
Business Meeting

The U.S. added 114,000 nonfarm payroll jobs in July as the unemployment rate ticked up to 4.3%, according to Bureau of Labor Statistics (BLS) data released Friday.

Economists anticipated that the country would add 175,000 jobs in July compared to the 206,000 added in initial estimates for June, and that the unemployment rate would remain stable at 4.1%, according to U.S. News and World Report. Federal Reserve Chairman Jerome Powell noted in a press conference on Wednesday that a continued slowdown in the labor market could be a sign of further softening in the economy and contribute to a possible cut to the federal funds rate and an easing in harsh credit conditions that have weighed on Americans.

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Unemployment Rate Climbs for Another Month as Job Gains Slump

Florida Capital Star Staff
Office Work

The U.S. added 206,000 nonfarm payroll jobs in June as the unemployment rate ticked up to 4.1%, according to Bureau of Labor Statistics (BLS) data released Friday.

Economists anticipated that 190,000 jobs would be added in June, far fewer than the initially reported 272,000 gain seen in May, and the unemployment rate would remain steady at 4%, according to U.S. News and World Report. Strong topline job gains in recent months have led some top economic officials, like Federal Reserve Chair Jerome Powell, to push back against claims that the economy is stalling, despite slow economic growth and high inflation.

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Job Market Continues Hot Streak Despite Persistent Layoffs

Florida Capital Star Staff
Job Interview

The U.S. added 303,000 nonfarm payroll jobs in March as the unemployment rate ticked down to 3.8%, according to Bureau of Labor Statistics (BLS) data released Friday.

Economists anticipated that the country would add 200,000 jobs in March compared to the 275,000 jobs that were added in initial estimates for February, and that the unemployment rate would remain unchanged at 3.9%, according to Reuters. The job gains are in spite of persistent layoffs that reached a 14-month peak in March at 90,309.

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Job Growth Exceeds Expectations Despite Mass Layoffs

Florida Capital Star Staff
Office Co-Workers

The U.S. added 353,000 nonfarm payroll jobs in January as the unemployment rate remained at 3.7%, according to Bureau of Labor Statistics (BLS) data released Friday.

Economists anticipated that the country would add 180,000 jobs in January compared to the 216,000 that were added in December and that the unemployment rate would tick up to 3.8% from 3.7%, according to Reuters. Despite the job gains, American employers cut 82,307 positions in January, a 136% jump from the previous month, amid a wider trend of layoffs as factors like high inflation continue to hurt business conditions.

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Job Growth Remains Cool Despite Boost from Returning Strikers

Florida Capital Star Staff

The U.S. added 199,000 nonfarm payroll jobs in November as the unemployment rate ticked down to 3.7%, according to Bureau of Labor Statistics (BLS) data released Friday.

Economists had anticipated that the country would add 180,000 jobs in November compared to the 150,000 jobs that were added in October and that the unemployment rate would remain at 3.9%, according to Reuters. The number of jobs added in the month was boosted due to the resumption of work by autoworkers and actors who participated in the recent strikes.

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Job Gains Fall Short of Expectations as Unemployment Ticks Up

Florida Capital Star Staff

The U.S. added 150,000 nonfarm payroll jobs in October as the unemployment rate ticked up to 3.9%, according to Bureau of Labor Statistics (BLS) data released Friday.

Economists had anticipated that the country would add 180,000 jobs in October compared to the 336,000 jobs that were added in September and that the unemployment rate would remain at 3.8%, according to Reuters. On Wednesday, at the conclusion of its Federal Open Market Committee meeting, the Federal Reserve announced that it would be keeping its federal funds rate steady in the range of 5.25% and 5.50%, a 22-year high, after a series of 11 rate hikes that started in March 2022 in an effort to tame inflation.

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Florida Unemployment Rate Is Lowest Among Nation’s Most Populated States

The Center Square

According to the latest figures from the U.S. Bureau of Labor Statistics, Florida has a seasonally-adjusted unemployment rate of 2.8% and ranks 14th overall, sharing a spot with Kansas and Hawaii.

Of the five largest states by population — California, Texas, Florida, New York and Pennsylvania — Florida has the lowest unemployment rate. At the same time, New York, Texas and California all sit above the national average of 3.8%.

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America Adds over 300,000 Jobs in September as Interest Rates Remain Elevated

Florida Capital Star Staff

The U.S. added 336,000 nonfarm payroll jobs in September as the unemployment rate remained at 3.8%, according to Bureau of Labor Statistics (BLS) data released Friday.

Economists had anticipated that the country would add 170,000 jobs in September compared to 187,000 in August and that the unemployment rate would slide down to 3.7% from 3.8%, according to Reuters. Private employment data for September showed that only 89,000 jobs were added for the month, as the professional and business services, trade, transportations and utilities and manufacturing services sectors all had substantial losses, according to ADP.

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Commentary: As Hiring Slows Down, So Does the Economy

Florida Capital Star Staff

The U.S. economy added 209,000 jobs in June, according to the latest establishment survey by the Bureau of Labor Statistics, less than expected as 306,000 were added in May, as hiring slowed down nationwide. Meanwhile, the unemployment rate remained about the same at 3.6 percent.

Historically, when hiring slows down by establishments, that usually coincides with economic slowdowns and recessions. In the recent cycle, the 2020 and 2021 recovery from Covid notwithstanding, hiring peaked at about 5.2 percent annualized increase in Feb. 2022. Now, it’s down to 2.5 percent.

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Economy Added 339K Jobs in May, Nearly Double Wall Street Expectations

Just the News

U.S. employers have added roughly 339,000 jobs in May, and the monthly unemployment rate rose to 3.7%, from a five-decade low of 3.4% in April, according to a Labor Department report released Friday.

Average hourly earnings rose 0.3% for the month while on an annual basis, wages increased 4.3%, which was a 0.1 percentage point under the estimate.

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Commentary: Recession Looms as Banks Collapse and the Economy Slows

Florida Capital Star Staff

The unemployment rate still remains at historic lows of 3.4 percent in April, according to the latest data by the Bureau of Labor Statistics, amid other worrying signs for the U.S. economy including a continued collapse of job openings, a string of bank failure and an overall slowing Gross Domestic Product (GDP).

In the survey, as the population increased by 171,000, those not in the labor force increased by 214,000 as labor participation dipped slightly by 43,000. Those who said they had a job increased by 139,000 after a 577,000 increase in March. As a result, the unemployment rate has actually ticked downward for two consecutive months from 3.6 percent in February, to 3.5 percent in March and now 3.4 percent in April.

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U.S. Economy Adds 517,000 Jobs as Unemployment Drops to Lowest Since 1969

The Center Square

The U.S. economy added 517,000 jobs in January as the unemployment rate dropped to 3.4%, the lowest since May 1969.

By comparison, there were 260,000 jobs added in December 2022 and the 517,000 was the largest increase since 568,000 in July 2022, according to the latest report from the U.S. Bureau of Labor Statistics.

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Florida Unemployment Rate Lowest in 10 Largest States

The Center Square

Florida’s unemployment rate dropped to 2.6% in November, the lowest of the 10 largest states in the U.S. and 1.1 percentage points lower than the national rate. It was also the 24th consecutive month that Florida’s unemployment rate remained below the national rate.

In November, Florida continued to exceed the national job growth rate for the 20th consecutive month; its employers have added jobs for 31 consecutive months.

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New Report Shows Florida Unemployment Dropping

Grant Holcomb

The Florida Department of Economic Opportunity (DEO) released their monthly unemployment figures and the state’s unemployment rate is continuing to drop. Conversely, Florida is also seeing consistent job growth from month-to-month.

According to the report, Florida’s adjusted unemployment rate was 3.2 percent in March, which was a decrease by 0.1 percent from the previous month. The national unemployment rate was hovering around 3.6 percent.

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The U.S. Has Nearly Recovered All the Jobs Lost to COVID Lockdowns

Florida Capital Star Staff

The U.S. economy recorded an increase of 431,000 jobs in March as COVID-19 concerns ease and more Americans seek work to combat the surging cost of living.

Total nonfarm payroll employment increased by 431,000 in March while the unemployment rate dipped to 3.6%, according to the Bureau of Labor Statistics (BLS). Economists surveyed by Dow Jones predicted the U.S. economy would add 490,000 jobs.

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Commentary: The Unemployment Rate Does Not Offer Guidance Now

RealClearWire

The Labor Department’s official unemployment rate—the most well-known gauge of the labor market’s health—counts as unemployed only those who aren’t working but are actively seeking a job.

Yet there is very little that we can infer from the jobless rate about the health of the economy.  The unavoidable conclusion is that the only reason investors follow the calculation is because both Washington’s politicians and the Federal Reserve are expected to react to it.

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U.S. Economy Added 194,000 Jobs in September, Badly Missing Expectations

Florida Capital Star Staff
Person using a laptop, pointing to the screen

The U.S. economy reported an increase of 194,000 jobs in September, and the unemployment rate fell to 4.8%, according to Department of Labor statistics.

The number of unemployed people fell by 710,000 to 7.7  million, according to the Department of Labor statistics released Friday.   Economists projected that employers created 500,000f jobs in September, more than double the figure in August, according to the Wall Street Journal.

Despite the spike in employment, the labor market remains thin due to the pandemic, and job growth earlier in the year was considerably stronger, according to the WSJ.

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U.S. Added 379,000 Jobs in February, Unemployment Rate Fell to 6.2 Percent

Florida Capital Star Staff

The U.S. economy reported an increase of 379,000 jobs in February while the unemployment rate fell to 6.2%, according to Department of Labor data released Friday.

Total non-farm payroll employment increased by 379,000 in February, according to the Bureau of Labor Statistics (BLS) report, and the number of unemployed persons fell slightly to 10 million. Economists projected 210,000 Americans to be added to payrolls and the unemployment rate to increase to hold at 6.3% prior to Friday’s report, according to The Wall Street Journal.

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U.S. Added 49,000 Jobs in January, Unemployment Rate Fell to 6.3 Percent

Florida Capital Star Staff

The U.S. economy reported an increase of 49,000 jobs in January while the unemployment rate fell to 6.3%, according to Department of Labor data released Friday.

Total non-farm payroll employment increased by 49,000 in January, according to the Bureau of Labor Statistics report, and the number of unemployed persons fell to 10.1 million. Economists projected 50,000 Americans to be added to payrolls and the unemployment rate to increase to come in at 6.7% prior to Friday’s report, according to the WSJ.

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New Jobless Claims Decrease to 779,000, Economists Expected 830,000

Florida Capital Star Staff

The number of Americans filing new unemployment claims decreased to 779,000 last week as the economy continued to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.

The Bureau of Labor and Statistics (BLS) figure released Thursday represented a decrease in the number of new jobless claims compared to the week ending Jan. 23, in which there were 847,000 new jobless claims reported. Roughly 17.8 million Americans continue to collect unemployment benefits, according to the BLS report Thursday.

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