Today's jobs report shows a slight rise in unemployment to 4%. And some frustrated job seekers are growing tired of applying for job after job with no replies, sometimes asking whether the listings are even real. And this isn't just vexing for applicants. It's also haunting economists when trying to figure out how much slack there is in the labor market, and whether interest rates should be raised or lowered. Today on the show: the rise of ghost jobs. Where they're happening and why.
The number of job openings in the U.S. topped 9 million in May, according to Labor Department. The number of people quitting their jobs eased slightly from April but remains high.
U.S. employers unexpectedly added jobs last month as the unemployment rate declined, signs that people are returning to work as states reopen their economies. President Trump celebrated the news.
U.S. employers shed a record number of jobs in April, as the unemployment rate climbed to the highest since the Great Depression. The coronavirus crisis has locked down much of the economy.
The Labor Department is expected to report the U.S. lost millions of jobs last month due to the coronavirus. Unemployment likely jumped to its highest level since the Great Depression.
U.S. employers added 136,000 jobs in September — a sign of continued resilience in the labor market amid growing signals that the economy is losing steam. The jobless rate was the lowest since 1969.
The Labor Department says U.S. employers added 130,000 jobs in August, fewer than private analysts had expected. The unemployment rate was unchanged at 3.7%.
The U.S. economy is slowing down, but it keeps creating jobs at a healthy pace. Employers added 164,000 jobs last month — as analysts had projected — and the unemployment rate held steady at 3.7%.
The number of jobs added was well below the three-month average. Manufacturing, a key sector that is affected by trade tensions, showed weak growth. But the unemployment rate held steady, at 3.6%.