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Employment data

Jobless claims edge up to 215,000, highest in over a month

Economic indicators, Employment data /

Applications for US unemployment benefits rose slightly, while remaining at a level consistent with a stable labor market. Processing Content Initial claims increased by 5,000 to 215,000 in the week ended May 23, the highest since mid-April, according to Labor Department data released Thursday. Continuing claims, a proxy for the number of people receiving benefits, […]

Jobless claims edge up to 215,000, highest in over a month Read More »

Economy added 115,000 jobs in April despite mixed signals

Economic indicators, Economy, Employment data, Monetary policy, Politics and policy /

Key insight: The U.S. added 115,000 jobs in April while unemployment held steady at 4.3%. Supporting data: Newly unemployed workers rose by 358,000 in April to 2.5 million. Forward look: The report could complicate an already divided Federal Reserve as it considers whether to combat inflation spurred by geopolitical risks or foster employment by cutting

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Economy loses 92,000 jobs in February

Economy, Employment data, Monetary policy, Politics and policy /

Key insight: The Bureau of Labor Statistics reported that the economy lost 92,000 jobs in February, signaling a cooling labor market. Supporting data: Health care jobs fell by 28,000, while the overall unemployment rate held steady at 4.4%. Forward look: The declining job totals could signal to the Federal Reserve that rate cuts are necessary

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US adds 130,000 jobs in January; unemployment rate falls

Economy, Employment data, Monetary policy, Politics and policy /

Key insight: The better-than-expected jobs report saw 130,000 jobs added in January, while unemployment dropped to 4.3%.  What’s at stake: The Federal Reserve is watching the numbers closely as Chairman Jerome Powell considers the central bank’s dual inflation and employment mandate.  Forward look: The strong job numbers reduce the need for the Fed to slash

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US payrolls rise 64,000 after October drop, unemployment up

Economic indicators, Employment data /

US job growth remained sluggish in November and the unemployment rate rose to a four-year high, pointing to a continued cooling in the labor market after a weak October. Processing Content Nonfarm payrolls increased 64,000 in November after declining 105,000 in October, according to Bureau of Labor Statistics data out Tuesday. The unemployment rate was

US payrolls rise 64,000 after October drop, unemployment up Read More »

Payrolls at US companies fall by most since 2023, ADP says

Economic news, Employment data /

US companies shed payrolls in November by the most since early 2023, adding to concerns about a more pronounced weakening in the labor market. Private-sector payrolls decreased by 32,000, according to ADP Research data released Wednesday. Payrolls have now fallen four times in the last six months. The median estimate in a Bloomberg survey of

Payrolls at US companies fall by most since 2023, ADP says Read More »

US jobless claims totaled 232,000 in week ended Oct. 18

Economic news, Employment data /

Initial applications for US jobless benefits totaled 232,000 in the week ended Oct. 18, according to the Labor Department website showing historical data for claims. Continuing claims, a proxy for the number of people receiving benefits, came in at 1.957 million, up slightly from 1.947 million in the prior week. For initial claims, weekly data for the

US jobless claims totaled 232,000 in week ended Oct. 18 Read More »

Fed’s Miran says ADP jobs data slightly better than expected

Economic news, Employment data /

Federal Reserve Governor Stephen Miran on Wednesday described data that showed employment at US companies increased in October as “a welcome surprise,” though he reiterated interest rates need to be lower. Private-sector payrolls increased by 42,000 after a revised 29,000 decline a month earlier, according to ADP Research data released Wednesday. The median estimate in

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Trump names Heritage’s EJ Antoni to lead Bureau of Labor Statistics

Economic news, Employment data, Politics and policy /

President Donald Trump named EJ Antoni, chief economist of the conservative Heritage Foundation, to lead the Bureau of Labor Statistics after firing the former head of the agency earlier this month. Trump appointed Antoni, who has been vocal about his concerns with BLS jobs data and revisions, in a Truth Social post Monday. The position

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