Unemployment

Volkswagen AG (OTC: VLKAF) subsidiary Audi AG has reached an agreement with its work council to lay off up to 9,500 employees by 2025, the company announced on Tuesday. 'Demographic Curve' The cuts will mostly happen “along the demographic curve” –  through...

The U.S. unemployment rate continued to hover near its 50-year low in July, unchanged from June and on target with expectations, the Labor Department said Friday. What To Know The unemployment rate remained 3.7% as the economy added 164,000 jobs, just short of analysts’ projected 165,000. The...

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...

While trade disputes are a source of uncertainty, they're not yet making a substantial dent in economic figures, Federal Reserve Governor Lael Brainard said Wednesday.  The nugget came in remarks Brainard made to the Detroit Economic Club that touched on the Fed's benchmarks for...

The S&P 500 bull market set a new record for the longest in history this week, reaching 3,453 days in duration. Since the bull market began, the S&P 500 has gained 323.3 percent and the economy has dramatically improved. Unfortunately, some key metrics for everyday Americans haven’t...

The U.S. hit all marks this month: GDP recorded its strongest growth since 2014, the Federal Reserve reiterated forecasts for continued expansion with its intent to continue raising interest rates and the unemployment rate once more dipped below 4 percent. What Happened As projected, the U.S....

The December 2017 non-farm payroll report revealed the U.S. unemployment rate was at 4.1 percent for the third consecutive month, the lowest since 2000. Wages rose 9 cents, marking the biggest monthly increase in 2017, compared to a 5-cent increase in November. Even as the data points showed a...

Many Donald Trump voters and patriotic Americans have cheered recent decisions by American companies to create American jobs rather than relying on foreign labor in Mexico, China and elsewhere. President Trump has heavily pressured companies to keep these low-level jobs right here in the United...

U.S. Federal Reserve Chair Janet Yellen said on Thursday there are no serious short-term obstacles that could derail the economic momentum. According to a Bloomberg report, Yellen emphasized the fact that the U.S. unemployment rate has reached a low level while the labor market is strong and wage...

The Labor Department's non-farm payrolls report rolled in on Friday to reveal happy tidings for the economy. The jobless rate plummeted to a nine-year low of 4.6 percent. The statistics sent people into a tizzy, ratcheting up expectations for a Fed rate hike as early as December. When a 0.3-...

The U.S. created 151,000 jobs in August, short of the 180,000 economists were predicting. The latest disappointing jobs number comes after two straight months of strong gains. That number complicates things for the Federal Reserve ahead of its September meeting, Allianz Chief Economic Adviser...

Total non-farm payroll employment in the United States added 151,000 jobs in August while the jobless rate claim is steady at 4.9 percent, according to official data from Bureau of Labor Statistics. Following the news, the SPDR S&P 500 ETF Trust (NYSE: SPY) gained 0.55 percent on Friday....

As June’s blowout jobs report last Friday made abundantly clear, U.S. companies have not lost their appetite for hiring. In recent weeks, several U.S. companies have announced plans to bring hundreds of new jobs to communities around the country. Novavax, Inc. (NASDAQ: NVAX) recently...

The trajectory of interest rates won't change with the improved jobs data, JJ Kinahan, chief strategist and managing director at TD Ameritrade Holding Corp. (NASDAQ: AMTD) told Benzinga. "No, report was strange, in right direction and was great to see better construction numbers. However, it's...

The Department of Labor released data that indicated 10,000 more people filed for unemployment for the first time last week than the week ending January 9, bringing the total number of initial claims to 293,000 from 283,000 the previous week. Analysts consider initial claim figures of under 300,...