unemployment

Jobs report exceeds expectations but unemployment rise signals cooling labor market

By Amna Nawaz, Courtney Norris, Murrey Jacobson

The U.S. Economy added more jobs than expected last month, the 42nd consecutive month of job growth. But unemployment inched up to 4.1 percent and there were other signs of a cooling labor market. For a deeper look at what…

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U.S. consumer sentiment drops to 6-month low on inflation, unemployment fears

By Christopher Rugaber, Associated Press

Consumer sentiment fell sharply in May to the lowest level in six months as Americans cited concerns about stubbornly high inflation and interest rates and fears that unemployment could rise.

U.S. job market still hot but weekly jobless claims hit highest level since August of 2023

By Matt Ott, Associated Press

The Labor Department reported Thursday that unemployment claims for the week ending May 4 rose by 22,000 to 231,000.

Number of Americans applying for jobless benefits ticks up, but layoffs remain low

By Matt Ott, Associated Press

Weekly unemployment claims are considered a proxy for the number of U.S. layoffs in a given week.

Congressional Budget Office projects lower inflation and higher unemployment into 2025

By Fatima Hussein, Associated Press

The office's Current View of the Economy from 2023 to 2025 report, released Friday, estimates that the unemployment rate will hit 4.4 percent in the fourth quarter of 2024 and remain close to that level through 2025.

U.S. jobless claims applications fall as labor market remains resilient

By Matt Ott, Associated Press

Applications for unemployment benefits dropped by 11,000 to 239,000 for the week ending August 12, down from 250,000 the previous week, the Labor Department reported Thursday.

U.S. economy adds 187,000 new jobs, fewer than expected but unemployment down

By Paul Wiseman, Associated Press

U.S. employers added 187,000 last month, fewer than expected, as the higher interest rates continued to weigh on the economy. But the unemployment rate dipped to 3.5% in a sign that the job market remains resilient.

Weekly applications for U.S. unemployment benefits tick up from 5-month low

By Associated Press

Thursday's report comes just a day before the July jobs report will be released, which will provide a broader and more detailed look at the labor market and economy.

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.

U.S. adds over a quarter million jobs despite Fed’s rate hikes

By Paul Wiseman, Associated Press

America’s employers added a robust 253,000 jobs in April, evidence of a labor market that still shows surprising strength despite rising interest rates, chronically high inflation and a banking crisis that could weaken the economy.