Jobs

The latest jobs data provides a really confusing picture. Here are 4 things to know

1:41pm September 06, 2024

There was both good news — and bad news — in the latest jobs report, providing an unclear picture as the Federal Reserve weighs how much to cut interest rates.

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U.S. added fewer jobs in the past year than initially reported

12:31pm August 21, 2024

A preliminary report from the Labor Department shows U.S. employers added 818,000 fewer jobs in the year ending in March than initially reported. The news comes during an election season in which the economy is a key issue.

Companies Look To Hire New Employees At Job Fair In Southern Florida

Economy

Why a weaker jobs market is sparking recession fears

9:10pm August 02, 2024

by Scott Horsley

U.S. employers added just 114,000 jobs in July as the unemployment rate rose to 4.3%. The weaker-than-expected report is adding to fears of an economic slowdown.

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Hiring accelerated in the U.S. in March, adding 303,000 jobs, according to a report from the Bureau of Labor Statistics. The unemployment rate dipped to 3.8%, staying under 4% for more than two full years. People walk past a Home Depot in San Rafael, Calif.

Economy

Construction boom helps fuel job gains in March

5:23pm April 05, 2024

by Scott Horsley

U.S. employers added 303,000 jobs last month, and the unemployment rate dipped to 3.8%. Construction companies added 39,000 jobs, despite high interest rates.

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A construction worker is seen in Miami on Jan. 5, 2024. U.S. employers added more jobs than expected in January including in the construction sector.

Economy

The U.S. created an extraordinary number of jobs in January. Here's a deeper look

4:27pm February 02, 2024

by Scott Horsley

U.S. employers added 353,000 jobs in January — far more than forecasters expected. The sizzling job market is good for workers but could cause the Federal Reserve to postpone a cut in interest rates.

The U.S. job market held up well in 2023, despite rising interest rates. Employers added 2.7 million jobs last year and unemployment remained under 4% throughout the year.

Economy

U.S. unemployment has been under 4% for the longest streak since the Vietnam War

10:37am January 05, 2024

by Scott Horsley

U.S. employers added 216,000 jobs in December, as the unemployment rate held steady at 3.7%. The labor market proved resilient in 2023, despite rising interest rates.

Lael Brainard speaks as President Joe Biden listens during an announcement in Nov. 2021.

How a top economic adviser to Biden is thinking about inflation and the job market

3:12pm December 08, 2023

The latest numbers show a strong picture for the U.S. economy. Yet many Americans have a pessimistic view. Here's how an adviser to Joe Biden says they're addressing that.

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A person works at Ford's Rouge Electric Vehicle Center in Dearborn, Mich. on Sept. 20, 2022. U.S. employers created 199,000 jobns last month, higher than in October, in part as UAW workers returned to work after a strike against the Big Three automakers.

Economy

The labor market stays robust, with employers adding 199,000 jobs last month

10:04am December 08, 2023

by Scott Horsley

U.S. employers added 199,000 jobs in November, higher than the 150,000 jobs created in the previous month, reflecting in part the return of striking UAW and Hollywood workers.

Workers picket outside a Ford plant in Chicago on Oct. 10, 2023. The U.S. created 150,000 jobs in October, marking a slowdown from the previous month, partly as a result of the UAW strikes.

Economy

Job growth slowed last month, partly over the impact of the UAW strikes

9:08am November 03, 2023

by Scott Horsley

The U.S. added 150,000 jobs last month, slowing down from the blistering pace seen in September. The drop was partly the result of an unprecedented autoworkers' strike.

People walk past a restaurant, with a hiring sign outside in Washington, D.C., on Oct. 5, 2023. Employers added 336,000 jobs in September, far more than what analysts had predicted.

How to make sense of the country's stunningly strong job market

1:53pm October 06, 2023

by Scott Horsley

U.S. employers added about twice as many jobs in September as forecasters expected. That's good for people looking for work, but the strong report could complicate the Fed's effort to curb inflation.