Dec 15 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. Continue reading
Aug 17 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. Continue reading
Aug 04 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. Continue reading
Aug 03 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. Continue reading
Jun 02 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. Continue reading
May 05 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. Continue reading
Apr 27 Unemployment claims keep falling as labor market remains strong By Matt Ott, Associated Press Applications for unemployment benefits in the U.S. fell last week as the labor market continues to show strength despite some weakness in other parts of the economy. Continue reading
Mar 16 Fewer Americans apply for unemployment aid last week as layoffs remain low By Matt Ott, Associated Press Fewer Americans applied for jobless claims last week as the labor market continues to thrive despite the Federal Reserve's efforts to cool the economy and tamp down inflation. Continue reading
Mar 10 Watch 6:18 Another strong jobs report raises more questions about inflation and interest rate hikes By Geoff Bennett, Ryan Connelly Holmes The U.S. economy created 311,000 jobs in February, more than expected, as the unemployment rate rose to 3.6 percent. But that came as the labor force participation rate improved and more than 400,000 workers jumped back into the workforce, something… Continue watching
Mar 02 Jobless claims fall for 3rd straight week, raises specter of more interest rate hikes By Matt Ott, Associated Press The number of people applying for unemployment benefits in the U.S. fell for third straight week. Continue reading