The jobs report from last week was disappointing. Economists expected employers to create 217,000 jobs in August; we got only 173,000. And more adults are simply calling it quits — they don’t work and they’re not looking. Labor force participation is at its lowest in almost two generations. The news wasn’t all bad. Unemployment hit a seven-year […]
In line with economist expectations employers added 215,000 jobs in July, according to the latest release from the Bureau of Labor Statistic out Friday morning. For the second month in a row he unemployment rate came in at 5.3%, the lowest rate since April 2008. “Todays numbers show that a boring jobs report can be a good jobs […]
Employers shed more jobs last month than in any month in more than five years. The economy lost another 159,000 jobs in September, and is the largest decline seen since March 2003. The unemployment rate remain unchanged in September 2008, at 6.1% which is the highest unemployment level seen since September 2003. The economy has […]
Job Hunting Is, and Isn’t, What It Used to Be When I think back to my job-hunting days, my methods seem as quaint as comparing a Victrola to an iPod. Prescott Perez-Fox, a graphic designer from Brooklyn, says he knows he faces a great deal of competition when he searches online job sites. First, there […]
The US unemployment rate is on the rise – to its highest level in nearly five years in August as the economy shed jobs for the eighth consecutive month. The economy lost 84,000 jobs in August. The economy has now lost 605,000 jobs since January. Economists have said the economy needs to create about 100,000 […]
The Labor Department reported today another 62,000 jobs lost in June, while the unemployment rate unexpectedly remained at a 4 year high of 5.5%. This is the sixth consecutive decline. Full coverage: Business Week MarketWatch Investment News The Fed will see the July jobs report before its next policy meeting on Aug. 5.