Dec 08 U.S. employers add 199,000 jobs as economy shows signs of ‘soft landing’ By Christopher Rugaber, Associated Press Most economists and Wall Street traders think the Fed’s next move will be to cut rates, though that might not happen until the second half of 2024. Continue reading
Sep 25 Why the job market has weathered rising interest rates, grim economic forecasts By Christopher Rugaber, Associated Press Inflation has tumbled from its peak of 9.1% in June 2022 to 3.7% on the back of the Fed’s rate hikes. Yet the unemployment rate, at a still-low 3.8%, has scarcely budged. Continue reading
Aug 26 Watch 6:17 Why unpaid internships still exist despite hardships for young workers By John Yang, Andrew Corkery Internships can give a leg up to students starting their careers. According to the National Association of Colleges and Employers, more than half of internships lead to full-time jobs. But 47 percent of U.S. interns were unpaid in 2022, creating… Continue watching
Jul 06 U.S. job openings dip to 9.8 million but remain high, showing resilience in labor market By Paul Wiseman, Associated Press The Labor Department said employers posted 9.8 million job vacancies, down from 10.3 million in April. But layoffs fell slightly, and more people quit their jobs — a sign they were confident they could find better jobs elsewhere. Continue reading
Aug 22 Ohio searching for 7,000 construction workers to build Intel chip plants By Andrew Welsh-Huggins, Associated Press Ohio's largest-ever economic development project is coming with a big employment challenge. Continue reading
Aug 05 U.S. employers added 528,000 jobs, and unemployment falls to 3.5 percent By Paul Wiseman, Associated Press Most economists believe the strong jobs market has kept the economy from slipping into a downturn. Continue reading
Apr 21 Watch 5:23 News Wrap: WHO says global COVID-19 cases drop by nearly a quarter In our news wrap Thursday, winds are expected to intensify as firefighters battle a growing wildfire outside of Flagstaff, Arizona. The World Health Organization said today that global COVID-19 cases dropped by nearly a quarter last week. And the total… Continue watching
Apr 02 Watch 4:46 What a mix of high inflation and low unemployment means for the U.S. economy As you may have heard Friday, the U.S. added 431,000 jobs in March, while unemployment hit a pandemic-era low of 3.6 percent. But those numbers only tell part of the story. Roben Farzad, who examines business and culture as host… Continue watching
Apr 01 Watch 7:25 Strong jobs report shows the American economy gaining steam By Geoff Bennett, Dorothy Hastings, Cybele Mayes-Osterman As the White House tries to manage rising inflation, the U.S. labor market is bouncing back, adding another 431,000 jobs in March and bringing the unemployment rate to a new pandemic-era low of 3.6 percent, according to the latest jobs… Continue watching
Mar 04 Watch 5:48 Strong jobs report signals more Americans returning to labor market as coronavirus wanes By Geoff Bennett, Karina Cuevas The latest jobs reports shows U.S. job growth surged in February as the omicron wave of COVID-19 began fading. The Labor Department reports employers added a net of 678,000 jobs, the most since July. Jared Bernstein, who serves on the… Continue watching