U.S. employers added 559,000 jobs in May, an improvement from April’s sluggish gain but still evidence that many companies are struggling to find enough workers as the economy rapidly recovers from the pandemic recession. Last month’s job gain was above April’s revised total of 278,000, the Labor Department said Friday. The unemployment rate fell to […]
America’s employers unleashed a burst of hiring in March, adding 916,000 jobs in a sign that a sustained recovery from the pandemic recession is taking hold as vaccinations accelerate, stimulus checks flow through the economy and businesses increasingly reopen. The March increase — the most since August — was nearly double February’s gain of 468,000, […]
U.S. employers shed jobs last month for the first time since April, cutting 140,000 positions, clear evidence that the economy is faltering as the viral pandemic tightens its grip on consumers and businesses. At the same time, the unemployment rate stayed at 6.7%, the first time it hasn’t fallen since April. Friday’s figures from the […]
The number of Americans applying for unemployment dropped below 1 million last week for the first time since the coronavirus outbreak took hold in the U.S. five months ago, but layoffs are still running extraordinarily high. The figures show that the crisis continues to throw people out of work just as the expiration of an […]
The number of laid-off workers who applied for unemployment benefits declined slightly to 1.48 million last week, the 12th straight drop and a sign that layoffs are slowing but are still at a painfully high level. The steady decline in claims suggests that the job market has begun to slowly heal from the pandemic, which […]
President Donald Trump has always been a big numbers guy. He’s proved adept at taking even the grimmest numbers and giving himself a pat on the back or relying on a creative use of data to make himself look good. But his declaration that an unexpected dip in the unemployment rate marked probably “the greatest […]