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New Jobless Claims Fall Week-Over-Week: From 'Natural Disaster Phase To Recession Phase'
Thursday, May 14, 2020 - 9:02am | 485Read More...Continuing jobless claims for the week of May 3 reached 22.83 million compared to a 25.1-million forecast and the previous week’s revised figure of 22.38 million. Initial jobless claims fell from a revised number of 3.17 million in the last week of April to 2.98 million...
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BLS Report: Six Years Of Trucking Sector Job Gains Have Disappeared
Friday, May 8, 2020 - 3:08pm | 307Read More...The number of workers in the truck transportation sector plummeted in April to levels not seen since 2014. According to the unemployment figures released by the Bureau of Labor Statistics (BLS) this morning, May 8, 1,435,600 people were employed in the truck transportation sector of the...
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April 2020 Job Loss Is The Worst In US History; Unemployment Rate Hits 14.7%
Friday, May 8, 2020 - 8:50am | 699Read More...In just two months, the coronavirus outbreak undid all the economic progress made since the 2008 financial crisis — including the lowest unemployment rate in 50 years. The U.S. unemployment rate spiked from 4.4% in March to 14.7% in April, according to the Bureau of Labor Statistics, which is...
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Labor Department's 500K Downward Jobs Revision Puts More Pressure On Fed
Thursday, August 22, 2019 - 1:30pm | 523Read More...A new report from the U.S. Bureau of Labor Statistics suggests the U.S. economy created about 500,000 fewer jobs in 2018 and early 2019 than previously estimated. What Happened On Wednesday, the BLS cut its March 2019 estimate of total non-farm U.S. jobs by 501,000, a downward revision of...
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June Employment Numbers Outpace Expectations
Friday, July 5, 2019 - 9:17am | 276Read More...Economists were expecting June nonfarm payroll data to show an increase of 165,000, jobs but the final numbers came in much better than expected. The Breakdown Total nonfarm payroll employment increased by 224,000 in June, while the unemployment rate was little changed at 3.7%, according to...
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How Your Returns Stack Up To The Rising Cost Of Living
Monday, May 13, 2019 - 4:14pm | 415Read More...You’ve held the same stock for the last 10 years. In that time, you’ve been in the green and you’ve been in the red. The charts finally show a gain — and 10 percent at that. But it’s not yet time to celebrate. Over the same period, the Bureau of Labor Statistics...
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US Producer, Consumer Price Indexes Rise In February
Wednesday, March 13, 2019 - 8:44am | 472Read More...The U.S. Producer Price Index (PPI), which tracks final demand for products and services, rose 0.1 percent in February representing a modest deceleration and estimate miss, according to the Bureau of Labor Statistics. Meanwhile, rising costs of food, gas and rent drove a 0.2-percent rise in...
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Where Is The Best Place To Land A Job This Year?
Saturday, February 16, 2019 - 10:02am | 562Read More...The unemployment rate in the U.S. has dropped to just 3.7 percent, its lowest level in nearly two decades. Some U.S. job markets are much better than others, according to a new study by the Bureau of Labor Statistics. Whether you’re a recent college graduate looking for the best places...
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Job Openings Hit Record High In December
Tuesday, February 12, 2019 - 11:28am | 227Read More...The labor market remained strong as 2018 ended, with job openings reaching a high of 7.3 million on the last business day of December, the Bureau of Labor Statistics reported Tuesday. The 7.3 million openings was up from 5.7 million at the end of 2017. This set of data dates back to the year 2000....
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Unemployment Continues To Fall Below April's Record Rates
Friday, June 1, 2018 - 9:35am | 359Read More...After striking record lows in April, U.S. unemployment continued to drop in May. What Happened The Labor Department recorded a rate of just 3.8 percent against a 3.9-percent estimate. Nonfarm payrolls expanded 223,000, far exceeding a 189,000 forecast as well as last month’s addition...
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Analysis: The Rarity Of A Sub-4% Unemployment Rate
Friday, May 4, 2018 - 3:04pm | 541Read More...With a reported 3.9-percent unemployment rate, April became one of six months in nearly 40 years when the figure fell below 4 percent. Before that, less than one-third of the months between 1948 and January 1970 saw lower or equivalent rates, according to the Bureau of Labor Statistics. The...
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March Non-Farm Payrolls Trail Expectations; Economist Sees Healthy Normalization
Friday, April 6, 2018 - 10:46am | 1003Read More...After a strong start to the year, the labor market showed symptoms of normalizing, allaying some concerns of an overheated economy. The below-consensus job gains for March — along with intensifying fears of a brewing U.S.-China trade war — spooked the markets, as the major...
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ETFs: How To Play The Energy Patch As Inflation Rises
Friday, February 9, 2018 - 12:36pm | 568Read More...Heading into 2018, scores of market observers speculated that inflation would move higher across major developed markets. Indeed, data confirm consumer prices are rising. In December, the Consumer Price Index rose 0.2 percent, according to the Bureau of Labor Statistics. “The index for all...
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Trump Keeps His Promise To Add Coal Jobs, Though Not To The Degree His EPA Head Claims
Thursday, June 8, 2017 - 12:16pm | 509Read More...From the administration’s perspective, the long-declining coal mining sector is looking rosy. “Since the fourth quarter of last year until most recently, we’ve added almost 50,000 jobs in the coal sector,” Environmental Protection Agency Administrator Scott Pruitt said...
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Market Winners And Losers As Food Deflation Persists
Saturday, September 10, 2016 - 6:10pm | 722Read More...While consumers have benefited this summer from continued deflation in food prices, investors in food retailers have been starving for returns. From grocers like SUPERVALU INC. (NYSE: SVU), which cut guidance Thursday, to restaurant chains including industry giant Darden Restaurants, Inc. (NYSE:...
