Archive for Jobs Report

261,000 jobs added in October

The latest From the BLS Employment Report: The Labor Department released its October jobs report, which shows that the economy has rebounded following hurricane disruptions last month. The October jobs report showed an increase in total nonfarm employment by 261,000 jobs, while the unemployment rate dropped slightly to 4.1 percent (2.2 percent for accounting and finance). There was a sharp increase in employment in bars, restaurants and hotels, which a direct result of hurricane recovery.

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The Economy Lost 33,000 Jobs in September

The latest From the BLS Employment Report: For the first time in seven years, U.S. Employment took a dip in September. Nonfarm payroll decreased by 33,000 last month, according to the latest Bureau of Labor Statistics’ Employment Situation Report. This payroll drop is the first since September of 2010. Amid the damage caused by the hurricanes Harvey and Irma, displaced worker were left temporarily unemployed. Restaurants alone lost 105,000 positions to layoffs as a result of damage to the establishments.

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156,000 jobs added in August

The latest From the BLS Employment Report: The Labor Department released its August jobs report on Friday morning, providing the most updated snapshot of the American economy. The August jobs report showed an increase in total nonfarm employment by 156,000 jobs, while the unemployment rate ticked up slightly to 4.4 percent from 4.3 percent, and is expected to drop further in the coming months. The largest employment increases in August occurred in manufacturing, construction, professional and technical services, health care and mining.

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209,000 jobs added in July

The latest From the BLS Employment Report: The Labor Department released its July hiring and unemployment figures on Friday morning, providing the latest snapshot of the American economy. The July jobs report showed an increase in total nonfarm employment by 209,000 jobs. The unemployment rate decreased slightly to 4.3 percent, continuing to hover at a 16-year low. The June jobs report was also revised up by 9,000 jobs to 231,000.

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222,000 jobs added in June

The latest From the BLS Employment Report: The Labor Department released the June jobs report hiring and unemployment figures on Friday morning. This is the latest official snapshot of the state of the American economy. Total nonfarm payroll employment increased by 222,000 in June, and the unemployment rate was little changed at 4.4 percent. June was the 81st consecutive month of job gains. The unemployment rate is hovering just above its lowest level since 2001.

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138,000 Jobs Added in May

The latest From the BLS Employment Report: The U.S. economy added 138,000 jobs last month.  With the release of this month’s BLS report, the employment situation shows a steady recovery. Unemployment has now reached a 16-year low. The rate dropped to 4.3% in May — its lowest level since May 2001. So far this year, the U.S. has added 810,000 jobs. Since February, the first jobs report under President Trump, the U.S. has gained 594,000 jobs.

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211,000 Jobs Added to the Economy in April

The latest From the BLS Employment Report: Job creation in April soared to 211,000 while the unemployment rate fell to 4.4 percent, its lowest since the recession. So far this year, employers have added an average of 174,000 jobs. The average hourly earnings of private-sector workers grew 2.5 percent in the last year. This marks steady growth after a lackluster March. The boost in jobs growth confirmed that the tepid March numbers were a weather-related aberration, said Tony Bedikian, head of global markets for Citizens Bank.

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98,000 jobs added to the Economy in March

The latest From the BLS Employment Report: The third jobs report of 2017 showed that the economy continues to trend positively. The Labor Department reports that 98,000 jobs were added in March. The unemployment rate dropped to noticeable 4.5 percent, down .2 percent from last month. The change in total nonfarm payroll employment for January was revised down from 238,000 to 216,000. The numbers for February were revised down from 235,000 to 219,000. With these revisions, employment gains in January and February combined were 38,000 less than previously reported.

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235,000 Jobs Added in February

The Latest From the BLS Employment Report: The second jobs report of 2017 showed that the economy continues to trend positively. The Labor Department reports that 235,000 jobs were added in February. The unemployment rate dropped slightly to 4.7 percent, down .2 percent year-over-year. The actual number of jobs added far exceeded the predicted number of 190,000, and as a result, there is an increased likelihood of a rate increase by the Fed when they meet next week.

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227,000 Jobs Added in January

The Latest From the BLS Employment Report: The first jobs report under President Donald Trump showed the economy added 227,000 jobs in January, the Labor Department reported on Friday, up from December’s 157,000 jobs. The unemployment rate rose slightly to 4.8 percent this month. Market reactions to the news saw stock market futures move higher while government bond yields fell. In January, employment increased in retail trade, construction, and financial activities.

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