The unemployment rate in the U.S. ticked upwards to 4.2 percent in November, with 161,000 additional Americans saying they are unemployed in the latest household survey by the Bureau of Labor Statistics.
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The Labor Department reported Friday the number of new jobs in the U.S. economy increased in November, compared to the previous month, while the unemployment rate increased slightly to the annualize rate of 4.2%
The economy in November added 227,000 new, non-farm jobs, compared to 36,000 in October, according to the department’s Bureau of Labor Statistics. The November number exceeded Wall Street expectations of 214,000 new jobs.
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The U.S. added 254,000 nonfarm payroll jobs in September as the unemployment rate ticked down to 4.1%, according to Bureau of Labor Statistics (BLS) data released Friday.
Economists expected 150,000 jobs to be added in September, slightly higher than the initially reported 142,000 job gain in August, and the unemployment rate to remain at 4.2%, according to MarketWatch. Meanwhile, previously reported job gains for July and August were revised up by 55,000 and 17,000, respectively, breaking a trend under the Biden-Harris administration of overestimating employment growth in initial estimates, with the cumulative number of new jobs reported in 2023 roughly 1.3 million less than previously thought.
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The U.S. added 114,000 nonfarm payroll jobs in July as the unemployment rate ticked up to 4.3%, according to Bureau of Labor Statistics (BLS) data released Friday.
Economists anticipated that the country would add 175,000 jobs in July compared to the 206,000 added in initial estimates for June, and that the unemployment rate would remain stable at 4.1%, according to U.S. News and World Report. Federal Reserve Chairman Jerome Powell noted in a press conference on Wednesday that a continued slowdown in the labor market could be a sign of further softening in the economy and contribute to a possible cut to the federal funds rate and an easing in harsh credit conditions that have weighed on Americans.
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The U.S. added 206,000 nonfarm payroll jobs in June as the unemployment rate ticked up to 4.1%, according to Bureau of Labor Statistics (BLS) data released Friday.
Economists anticipated that 190,000 jobs would be added in June, far fewer than the initially reported 272,000 gain seen in May, and the unemployment rate would remain steady at 4%, according to U.S. News and World Report. Strong topline job gains in recent months have led some top economic officials, like Federal Reserve Chair Jerome Powell, to push back against claims that the economy is stalling, despite slow economic growth and high inflation.
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The U.S. added 303,000 nonfarm payroll jobs in March as the unemployment rate ticked down to 3.8%, according to Bureau of Labor Statistics (BLS) data released Friday.
Economists anticipated that the country would add 200,000 jobs in March compared to the 275,000 jobs that were added in initial estimates for February, and that the unemployment rate would remain unchanged at 3.9%, according to Reuters. The job gains are in spite of persistent layoffs that reached a 14-month peak in March at 90,309.
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The U.S. added 353,000 nonfarm payroll jobs in January as the unemployment rate remained at 3.7%, according to Bureau of Labor Statistics (BLS) data released Friday.
Economists anticipated that the country would add 180,000 jobs in January compared to the 216,000 that were added in December and that the unemployment rate would tick up to 3.8% from 3.7%, according to Reuters. Despite the job gains, American employers cut 82,307 positions in January, a 136% jump from the previous month, amid a wider trend of layoffs as factors like high inflation continue to hurt business conditions.
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The U.S. added 199,000 nonfarm payroll jobs in November as the unemployment rate ticked down to 3.7%, according to Bureau of Labor Statistics (BLS) data released Friday.
Economists had anticipated that the country would add 180,000 jobs in November compared to the 150,000 jobs that were added in October and that the unemployment rate would remain at 3.9%, according to Reuters. The number of jobs added in the month was boosted due to the resumption of work by autoworkers and actors who participated in the recent strikes.
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The U.S. added 150,000 nonfarm payroll jobs in October as the unemployment rate ticked up to 3.9%, according to Bureau of Labor Statistics (BLS) data released Friday.
Economists had anticipated that the country would add 180,000 jobs in October compared to the 336,000 jobs that were added in September and that the unemployment rate would remain at 3.8%, according to Reuters. On Wednesday, at the conclusion of its Federal Open Market Committee meeting, the Federal Reserve announced that it would be keeping its federal funds rate steady in the range of 5.25% and 5.50%, a 22-year high, after a series of 11 rate hikes that started in March 2022 in an effort to tame inflation.
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The U.S. added 336,000 nonfarm payroll jobs in September as the unemployment rate remained at 3.8%, according to Bureau of Labor Statistics (BLS) data released Friday.
Economists had anticipated that the country would add 170,000 jobs in September compared to 187,000 in August and that the unemployment rate would slide down to 3.7% from 3.8%, according to Reuters. Private employment data for September showed that only 89,000 jobs were added for the month, as the professional and business services, trade, transportations and utilities and manufacturing services sectors all had substantial losses, according to ADP.
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The U.S. economy added 209,000 jobs in June, according to the latest establishment survey by the Bureau of Labor Statistics, less than expected as 306,000 were added in May, as hiring slowed down nationwide. Meanwhile, the unemployment rate remained about the same at 3.6 percent.
Historically, when hiring slows down by establishments, that usually coincides with economic slowdowns and recessions. In the recent cycle, the 2020 and 2021 recovery from Covid notwithstanding, hiring peaked at about 5.2 percent annualized increase in Feb. 2022. Now, it’s down to 2.5 percent.
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U.S. employers have added roughly 339,000 jobs in May, and the monthly unemployment rate rose to 3.7%, from a five-decade low of 3.4% in April, according to a Labor Department report released Friday.
Average hourly earnings rose 0.3% for the month while on an annual basis, wages increased 4.3%, which was a 0.1 percentage point under the estimate.
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The unemployment rate still remains at historic lows of 3.4 percent in April, according to the latest data by the Bureau of Labor Statistics, amid other worrying signs for the U.S. economy including a continued collapse of job openings, a string of bank failure and an overall slowing Gross Domestic Product (GDP).
In the survey, as the population increased by 171,000, those not in the labor force increased by 214,000 as labor participation dipped slightly by 43,000. Those who said they had a job increased by 139,000 after a 577,000 increase in March. As a result, the unemployment rate has actually ticked downward for two consecutive months from 3.6 percent in February, to 3.5 percent in March and now 3.4 percent in April.
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The U.S. economy added 517,000 jobs in January as the unemployment rate dropped to 3.4%, the lowest since May 1969.
By comparison, there were 260,000 jobs added in December 2022 and the 517,000 was the largest increase since 568,000 in July 2022, according to the latest report from the U.S. Bureau of Labor Statistics.
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Newly released federal data show the economy created more jobs than expected but unemployment rose in October.
The U.S. Bureau of Labor Statistics released the data, which showed the economy added 261,000 jobs in October, higher than the Dow Jones estimate of 205,000 new jobs.
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Minnesota’s unemployment rate decreased to 2.5% in March, tying its lowest level ever recorded, the Department of Employment and Economic Development announced Thursday.
The last time it was that low was in February 1999.
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The U.S. economy recorded an increase of 431,000 jobs in March as COVID-19 concerns ease and more Americans seek work to combat the surging cost of living.
Total nonfarm payroll employment increased by 431,000 in March while the unemployment rate dipped to 3.6%, according to the Bureau of Labor Statistics (BLS). Economists surveyed by Dow Jones predicted the U.S. economy would add 490,000 jobs.
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‘Minnesota job growth outpaces US, unemployment at 3.3%‘– Duluth News Tribune
‘Jobless rate in Minn. hits pre-pandemic level‘ – MPR News
‘Minnesota jobless rate falls to 3.3%, lowest since pre-pandemic‘ – Fox 9
‘Minnesota Unemployment Rate Fell in November‘– Twin Cities Business
(Center of the American Experiment) — These were some of the headlines in Minnesota’s media covering the monthly jobs data from the Bureau of Labor Statistics (BLS). They paint a pretty rosy picture. So what was the Minneapolis/St. Paul Business Journal reporting with this headline: ‘Minnesota unemployment rate continues to drop, but labor force concerns grow‘?
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The Labor Department’s official unemployment rate—the most well-known gauge of the labor market’s health—counts as unemployed only those who aren’t working but are actively seeking a job.
Yet there is very little that we can infer from the jobless rate about the health of the economy. The unavoidable conclusion is that the only reason investors follow the calculation is because both Washington’s politicians and the Federal Reserve are expected to react to it.
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The U.S. economy reported an increase of 194,000 jobs in September, and the unemployment rate fell to 4.8%, according to Department of Labor statistics.
The number of unemployed people fell by 710,000 to 7.7 million, according to the Department of Labor statistics released Friday. Economists projected that employers created 500,000f jobs in September, more than double the figure in August, according to the Wall Street Journal.
Despite the spike in employment, the labor market remains thin due to the pandemic, and job growth earlier in the year was considerably stronger, according to the WSJ.
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The U.S. economy reported an increase of 379,000 jobs in February while the unemployment rate fell to 6.2%, according to Department of Labor data released Friday.
Total non-farm payroll employment increased by 379,000 in February, according to the Bureau of Labor Statistics (BLS) report, and the number of unemployed persons fell slightly to 10 million. Economists projected 210,000 Americans to be added to payrolls and the unemployment rate to increase to hold at 6.3% prior to Friday’s report, according to The Wall Street Journal.
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The U.S. economy reported an increase of 49,000 jobs in January while the unemployment rate fell to 6.3%, according to Department of Labor data released Friday.
Total non-farm payroll employment increased by 49,000 in January, according to the Bureau of Labor Statistics report, and the number of unemployed persons fell to 10.1 million. Economists projected 50,000 Americans to be added to payrolls and the unemployment rate to increase to come in at 6.7% prior to Friday’s report, according to the WSJ.
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The number of Americans filing new unemployment claims decreased to 779,000 last week as the economy continued to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.
The Bureau of Labor and Statistics (BLS) figure released Thursday represented a decrease in the number of new jobless claims compared to the week ending Jan. 23, in which there were 847,000 new jobless claims reported. Roughly 17.8 million Americans continue to collect unemployment benefits, according to the BLS report Thursday.
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The number of Americans filing new unemployment claims increased to 965,000 last week as the economy continued to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.
The Bureau of Labor and Statistics (BLS) figure released Thursday represented a increase in the number of new jobless claims compared to the week ending Jan. 9, in which there were 787,000 new jobless claims reported. Roughly 18.4 million Americans continue to collect unemployment benefits, according to the BLS report Thursday.
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The number of Americans filing new unemployment claims decreased to 712,000 last week as the economy continued to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.
The Bureau of Labor and Statistics (BLS) figure released Thursday represented a decrease of new jobless claims compared to the week ending Nov. 21, in which there were 778,000 new jobless claims reported. New jobless claims have stayed below 800,000 for more than a month.
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The number of Americans filing new unemployment claims increased to 778,000 last week as the economy continued to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.
The Bureau of Labor and Statistics (BLS) figure released Wednesday represented an increase of new jobless claims compared to the week ending Nov. 14, in which there were 742,000 new jobless claims reported. New jobless claims have stayed below 800,000 for more than a month.
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The number of individuals who filed for unemployment benefits last week increased to 742,000, the first increase in five weeks, according to new data published by the U.S. Department of Labor.
The number of people who filed for state unemployment benefits in the week ending Nov. 13 grew by 31,000 from the previous week’s revised level of 711,000, according to the Nov. 19 report.
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The number of Americans filing new unemployment claims increased to 742,000 last week as the economy continued to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.
The Bureau of Labor and Statistics (BLS) figure released Thursday represented an increase of new jobless claims compared to the week ending Nov. 7, in which there were 709,000 new jobless claims reported. New jobless claims have been below 800,000 for five consecutive weeks.
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The number of Americans filing new unemployment claims came in at 751,000 last week as the economy continues to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.
New jobless claims were unchanged compared to the week ending Oct. 24 in which there were also 751,000 new jobless claims reported, the Bureau of Labor and Statistics figure released Thursday showed. New jobless claims have been below 800,000 for three consecutive weeks, according to CNBC.
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The number of Americans filing new unemployment claims decreased to 837,000 last week as the economy continues to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.
The Department of Labor figure released Thursday represented a decrease of new jobless claims compared to the week ending on Sept. 19, in which there were 870,000 new jobless claims reported.
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About 870,000 workers filed new unemployment claims last week, a slight increase from the week prior though the overall unemployment rate continues its slow decline.
According to U.S. Department of Labor data released Thursday, the seasonally adjusted unemployment rate was 8.6% for the week ending Sept. 12, with 12.58 million workers filing continued claims for benefits.
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The U.S. economy added 1.4 million jobs in August, while unemployment fell to 8.4%, according to Department of Labor data released Friday.
Total non-farm payroll employment rose by 1.4 million in August, according to the Bureau of Labor Statistics report, and the number of unemployed persons fell by 2.8 million to 13.6 million. The unemployment rate fell below 10% for the first time since April when the rate reached 14.7%.
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As Americans approach Labor Day, with roughly 10.2 percent unemployed, a new survey conducted by WalletHub found that one in three Americans worry about job security.
In its nationally representative Coronavirus & Labor Day Survey, WalletHub found that Americans want extended COVID-19 relief. Of those surveyed, 74 percent said Congress should continue to extend additional federal unemployment benefits until their respective states fully reopen.
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The U.S. economy added 1.8 million jobs in July, while unemployment fell to 10.2%, according to Department of Labor data released Friday.
Total non-farm payroll employment rose by 1.8 million in July, according to the Bureau of Labor Statistics report, and the number of unemployed persons fell by 1.4 million to 16.3 million.
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More than 1.4 million American workers filed new unemployment claims last week, an increase over the previous week as new restrictions are being put in place to slow the spread of COVID-19.
According to the U.S. Department of Labor, 1.43 million workers filed new claims for unemployment benefits in the week ending July 25, up 12,000 from the week ending July 18. It was the second week in a row that new claims increased.
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Four months into the COVID-19 pandemic, an additional 1.3 million Americans filed for unemployment benefits last week, according to U.S. Department of Labor data released Thursday.
That’s down 10,000 from the previous week but still significantly higher than pre-pandemic figures.
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Jobless claims for the past week were lower than economists had predicted as workers begin returning to their jobs, according to data from the Labor Department shows.
The total number for jobless claims for the week ending in July 4 was 1.3 million, according to the Labor Department data, which is 99,000 fewer claims than the previous week. Economists surveyed by Down Jones had predicted 1.39 million jobless claims, according to CNBC.
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More than 1.5 million American workers filed new unemployment claims last week, according to the U.S. Department of Labor, even as state restrictions to slow the spread of COVID-19 are easing.
More than 45 million claims have been filed in the three months since state and local governments started restrictions that closed businesses deemed nonessential, but millions of those workers have since gone back to work as states began reopening their economies.
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Minnesota residents filed 25,549 new unemployment claims during the week ending June 13, down 2,762 new claims from the prior week.
The total number of unemployed Minnesota residents is 416,729.
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More than 29,209 Minnesota workers joined the ranks of the unemployed in the week ending June 6, bringing the total number of state residents filing unemployment claims to 439,782 since government restrictions were put in place to slow the spread of COVID-19.
Week-over-week, Minnesota witnessed an increase of nearly 7,555 new claims from the prior week, during which 21,654 new claims were reported.
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Even as Gov. Tim Walz allows more sectors of the economy to open, Minnesota unemployment ticked upward to 439,550 total claims in the week ending May 30, compared to 417,084 claims the prior week ending May 23.
All told, 22,466 new unemployment claims were filed in the state last week, a drop of 4,745 claims from the 27,211 claims initiated the prior week, an 18.5 percent week-over-week decrease.
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Minnesota’s unemployment numbers continue to tick slightly upward, according to U.S. Department of Labor numbers released Thursday morning.
The state added another 28,615 to its unemployment ranks in the week ending May 23, down only 278 claims from the previous week’s 28,893 claims. The total number of claims reported last week is 443,254, up 5,564 from the prior week’s reported 427,690 unemployment claims.
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More than 40 million Americans have filed unemployment claims since mid-March, when state governments across the U.S. began restrictions to slow the spread of COVID-19, including closing businesses deemed nonessential.
Last week, an additional 2.12 million workers filed claims, according to U.S. Department of Labor data released Thursday, the 10 consecutive week in which new jobless claims were in the millions. The 2.12 million claims from the week ending July 23 is down 323,000 from the 2.44 million workers who filed for benefits in the week ending May 16 and is the lowest number of new claims since the week ending March 15.
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New jobless claims continued their COVID-19 surge last week, driving the total number of those filing for unemployment benefits to more than 36 million over the past two months.
Even as many states across the country began easing restrictions and slowly reopening their economies, 2.98 million Americans filed for new unemployment benefits for the week ending May 9, according to data released Thursday by the U.S. Department of Labor.
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Another 4.4 million Americans filed for initial unemployment claims last week, raising the total to more than 26 million who have lost their jobs since the COVID-19 pandemic economic closures began in all 50 states more than a month ago.
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The five week surge in new unemployment claims continued last week as businesses deemed nonessential by state and local governments reduce staffing in response to COVID-19.
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The U.S. economy added 145,000 jobs in December, while the unemployment rate remained at 3.5%, according to Department of Labor data released Friday.
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The U.S. economy added 266,000 jobs in November, while the unemployment rate dropped to 3.5%, according to Department of Labor data released Friday.
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Minnesota added 7,400 jobs new jobs, which is the most of any month this year.
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The U.S. economy added 128,000 jobs in October, while the unemployment rate rose to 3.6%, according to Department of Labor data released Friday.
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