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
Feb 23 Watch 8:54 Why millions of older Americans are retiring early in the wake of the pandemic Among the reasons for the current labor shortage in the U.S. is the exodus of older workers retiring early during the pandemic. Economics correspondent Paul Solman reports. Continue watching
Jan 26 Watch 8:43 The Fed aims to clamp down on inflation with rate hikes. Will it work? By PBS NewsHour The Federal Reserve is shifting its approach to the economy and monetary policy. It's a major change after holding interest rates at near zero levels. Given the pandemic, it's not without its own risks. But the Fed chairman said the… Continue watching
Nov 24 U.S. unemployment claims fall to 52-year low after seasonal adjustments By Paul Wiseman, Associated Press Jobless claims dropped by 71,000 to 199,000, the lowest since mid-November 1969. But seasonal adjustments around the Thanksgiving holiday contributed significantly to the bigger-than-expected drop. Unadjusted, claims actually ticked up by more than 18,000 to nearly 259,000. Continue reading
Nov 05 Watch 5:36 The latest jobs report showed strong gains, but a worker shortage still exists. Here’s why The latest jobs report showed stronger than expected gains last month and found more jobs were created in August and September than previously estimated. The private sector gained momentum, with the leisure and hospitality sector adding 164,000 jobs. The professional… Continue watching
Oct 29 Wages jump by the most on records dating back 20 years By Christopher Rugaber, Associated Press Wages and salaries jumped in the three months ending in September by the most on records that date back 20 years as companies are forced to offer higher pay to fill a near-record number of available jobs. Continue reading
Oct 21 Watch 6:59 How this ‘vulture’ hedge fund’s gutting of local newsrooms could hurt Americans By John Yang, Ryan Connelly Holmes The hedge fund Alden Global Capital has been acquiring scores of U.S. newspapers across the country — then gutting newsrooms and selling off assets. It’s part of a larger trend in the erosion of local news and related jobs in… Continue watching
Oct 08 Watch 9:07 The pandemic pushed millions of U.S. workers to join the ‘Great Resignation.’ Here’s why By Paul Solman, Diane Lincoln Estes The September jobs report shows that the unemployment rate fell to 4.8% and job openings are at a record high with wages increased again last month, as companies tried to attract new employees. But more than 25 million people quit… Continue watching