hiring

Powell: Slowdown in U.S. hiring suggests economy still needs rate cuts

By Christopher Rugaber, Associated Press

Economists said Federal Reserve Chair Jerome Powell's remarks solidified expectations for further rate cuts, starting at its next meeting.

U.S. job market much weaker in 2024 and this year than previously thought, new data shows

By Paul Wiseman, Associated Press

Employers added 911,000 fewer jobs than originally reported from April 2024 through March, the Labor Department reported Tuesday.

U.S. hiring stalls with just 22,000 jobs added in August

By Paul Wiseman, Associated Press

The unemployment rate ticked up to 4.3%, also worse than expected and the highest level since 2021.

U.S. job openings rose in October but hiring slowed, in a mixed picture for the labor market

By Christopher Rugaber, Associated Press

The increase suggests that job gains could pick up in the coming months, but the latest figure is down significantly from 8.7 million job postings a year ago.

U.S. hiring rebounded slightly last month, showing cooling but steady job market

By Christopher Rugaber, Associated Press

Collectively, Friday's figures depict a job market slowing under the pressure of high interest rates but still growing.

How fast and how far could the Fed cut rates? Powell may give hint during Friday speech

By Christopher Rugaber, Associated Press

A lower Fed benchmark rate would eventually lead to lower rates for auto loans, mortgages and other forms of consumer borrowing.

January hiring gains surprisingly robust

By Paul Wiseman, Associated Press

The nation’s employers delivered a stunning burst of hiring to begin 2024, adding 353,000 jobs in January in the latest sign of the economy’s continuing ability to shrug off the highest interest rates in two decades.

WATCH: Biden delivers remarks on jobs after employers hire 336,000 new positions

By Associated Press

President Joe Biden hailed the 336,000 jobs added in September, an unexpectedly robust gain that suggests that many companies remain confident enough to keep hiring.

GOP state attorneys general shift affirmative action battle lines to the workplace

By Wyatte Grantham-Philips, Geoff Mulvihill, Associated Press

Thirteen Republican state attorneys general are cautioning CEOs of the 100 biggest U.S. companies on the legal consequences for using race as a factor in hiring and employment practices, demonstrating how the Supreme Court’s recent ruling dismantling affirmative action in…

Both U.S. hiring and unemployment jumped last month. Here's what that says about the economy

By Christopher Rugaber, Associated Press

Many industries, from construction to restaurants to health care, are still adding jobs to keep up with consumer demand and restore their workforces to pre-pandemic levels. Yet there were some mixed messages in the jobs figures.