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Unemployment

U.S. adds a robust 311,000 jobs despite Fed’s rate hikes

by Associated Press
Mar 10, 2023
Employers added a higher-than-expected 311,000 jobs, while unemployment rose from 3.4% to 3.6%.
The 311,000 number is higher than most predictions, while unemployment rose from 3.4% to 3.6%.
Olivier Douliery/AFP via Getty Images
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When it comes to inflation, monetary policy might not be getting the job done

by Kai Ryssdal and Sean McHenry
Mar 9, 2023
"It's clear there have been some shifts in the economy that just make their policies less effective," says Neil Irwin of Axios.
On Tuesday, Federal Reserve Chair Jerome Powell appeared before the Senate Banking Committee.
Win McNamee/Getty Images
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Continuing unemployment claims, explained

by Kimberly Adams
Feb 23, 2023
Continuing claims for benefits fell by 37,000 for the week, according to the latest data from the Labor Department.
A "Join our team today!" sign posted at a UPS store early this month. Weekly jobless claims data suggests continuing strength in the job market.
Mario Tama/Getty Images
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In a "restructuring" economy, which industries gained and lost jobs in 2022

by Sabri Ben-Achour
Feb 8, 2023
Here are the industries that saw the biggest job gains and the ones still falling behind.
“It’s a large-scale restructuring, but the labor market goes through large-scale restructurings all the time," said Michael Montgomery of S&P Global Market Intelligence.
Joe Raedle/Getty Images
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Wage growth is slowing down. But is there an upside for workers?

by Justin Ho
Jan 31, 2023
Wages increased 1% in Q4. Inflation is also slowing. All that could impact whether — and by how much — the Fed hikes interest rates.
Wage growth slowed to 1% in Q4, but inflation has been slowing too.
Robyn Beck/AFP via Getty Images
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Layoffs are up, first-time jobless claims are down. What gives?

by Mitchell Hartman
Jan 23, 2023
The job market is still tight, so many who've lost jobs rejoin the workforce fast. Others aren't eager to deal with the unemployment insurance system.
Layoffs have so far been concentrated in the tech sector, but the overall unemployment trend has remained near decade-lows.
Eblis/Getty Images
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Why consumers are pulling back on spending

by Nancy Marshall-Genzer
Jan 17, 2023
A New York Fed survey shows consumers are cutting back. But inflation means they're paying more for the same stuff.
Consumer spending peaked over the summer and has been falling ever since, according to the Federal Reserve Bank of New York.
Spencer Platt/Getty Images
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A hot labor market is good, right? So why could it lead to a recession?

by Justin Ho
Jan 3, 2023
Economists say millions of unfilled jobs could limit economic growth.
"We just do not have enough people to fill all those job openings," said Iowa State professor Peter Orazem.
Olivier Douliery/AFP via Getty Images
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Layoffs are not necessarily cause for broader economic alarm

by Justin Ho
Jan 2, 2023
Unemployment claims show that laid-off workers are not staying unemployed for long. That's because hiring remains strong.
Hiring outpaced layoffs at a rate of 4 to 1 in October.
Angela Weiss/AFP via Getty Images
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Job gains for people with disabilities are outpacing those for other groups, thanks to telework

by Kai Ryssdal and Sarah Leeson
Dec 7, 2022
People with disabilities have long asked to work from home, says Nicole Maestas of Harvard. The pandemic proved it can be done.
Increased telework opportunities have allowed people with disabilities to make employment gains.
Christophe Archambault/AFP via Getty Images
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