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Total nonfarm payroll employment increased by 339,000 in May, and the unemployment rate rose by 0.3 percentage point to 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, government, health care, construction, transportation and warehousing, and social assistance. This news release presents statistics from two monthly […]
As the economy registered disappointing job growth in September, the divide between those with and without a college education was again stark. Employment for holders of a bachelor’s degree rose by 169,000, and the unemployment rate for that group fell to 2.5 percent from 2.8 percent in August. By contrast, among those with a […]
Continue reading …Economic data on Friday is expected to show that job growth picked up in September but remained suppressed by the latest coronavirus wave, which led Americans to avoid restaurants and travel and made some reluctant to rejoin the work force. Economists surveyed by FactSet expect the report, released by the Labor Department, to show that […]
Continue reading …A significant portion of workers who left their jobs since the coronavirus began surging were financially unprepared, research shows.
Continue reading …A rise in starting salaries could help counter burnout but pandemic precautions might become a more important differentiator.
Continue reading …The new monthly numbers show job growth not seen in recoveries from the previous three recessions.
Continue reading …A consensus of economists puts the expected gain at more than 800,000, although estimates vary widely.
Continue reading …Economists will dig through Friday’s labor data for signs that people went back to work as they lost emergency pandemic aid in some states.
Continue reading …Governments want vaccinations and a business rebound to carry the economy now, but cutting aid too quickly could create economic aftershocks.
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Today’s News & Commentary—September 7, 2021
07/09/2021 Comments Off on Today’s News & Commentary—September 7, 2021It was not a happy Labor Day for millions of Americans, as they abruptly lost the unemployment benefits that had sustained them for as many as 18 months. Three federal programs that boosted jobless benefits by $600/week (later lowered $300/week) will expire this week. The federal programs were more inclusive than traditional state unemployment insurance […]
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