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Employers in the US added more than 300,000 jobs last month - the biggest gain in almost a year - as the boom in the world's largest economy continued. The jobless rate fell to 3.8%, as most sectors, including health care, construction and the government added roles, the Labor Department said. It marked another month of stronger-than-expected growth. Economists had forecast job gains of about 200,000. Analysts said the strong figures could delay cuts to US interest rates.

Many are hailing today’s establishment and household job reports, which show 300,000, or as many as 500,000, jobs being added in March. But Steve Moore points out in his Committee to Unleash Prosperity email that the picture is far from rosy: The new job numbers for March were strong with 300,000 jobs added in the establishment survey and 500,000 in the household survey. But those positive headline numbers camouflage a very disturbing trend in the labor market. Almost all of the new jobs on net are part-timers. That means a part-time paycheck. Stock market advisor Stephanie Pomboy of MacroMavens has...

Job growth surged in March, as employers added 303,000 positions and the unemployment rate edged down, the Bureau of Labor Statistics reported Friday. Why it matters: The U.S. labor market has proved remarkably resilient over the last year, as employers keep seeking workers despite a bumpy economic environment. The latest numbers affirm that strength, handily beating analysts' forecasts. By the numbers: The jobless rate fell as more people entered the work force — a good sign for growth potential. The labor force participation rate rose by 0.2 percentage points to 62.7%. Average hourly earnings were up 0.3%, and are up...

To quote the song “Sloop John B”, “Let me go home, I wanna go home. This is the worst trip I’ve ever been on.” The lyrics should change to “This is the worst ADMINISTRATION I’ve ever experienced. Now for the bad news. For those wondering if the jobs were all part-time, the answer is a resounding yes: in March, full-time jobs dropped by 6,000 as Part-time jobs soared by 691,000. On a year-over-year (YoY) basis, full-time jobs were down -1.0% while part-time jobs were up 7.1% Native-born versus foreign born? On a YoY basis, native-born employment was down -0.5% while...

The January 24 Jobs Report dropped today and of course, our pals on the Left are doing what they do every month and acting like Biden is doing a great job! So many new jobs created! Unemployment down! BIDEN BOOM they say. And as usual, it's a bunch of horse crap. Big thanks to E.J. Atoni, Ph.D. for doing the actual footwork and showing the reality of our country right now. Hint, it ain't good. STOP going crazy about this jobs report: BLS themselves told us last month that data from Jan '24 and later months are NOT directly comparable...

There’s something wrong with previous U.S. jobs reports. The government quietly erased 439,000 jobs through November 2023, a closer look at the numbers from the Bureau of Labor Statistics shows. That means its initial jobs results were inflated by 439,000 positions, and the job market is not as healthy as the government suggests. Since the government wiped out 439,000 jobs after the fact, the total percentage of jobs created by the government last year is even higher. Increased government hiring has been driving the jobs numbers higher.

They released Biden’s March Jobs Report today … Good Friday. A holiday. As anyone who doesn’t have their head completely buried in the sand would have guessed, jobs are down, except for in the public sector. Oh goodie, more people working for the government. And of course, things are even worse than they’re actually reporting in the media. Take a look at this: of the 236k added, 75k were second jobs. pic.twitter.com/lsGactxQpZ — Frog Capital (@FrogNews) April 7, 2023 Yay! Unemployment is down … but it’s because people are working two jobs to survive in this economy. Did we mention...

President Biden on Friday said Republicans in Congress are threatening to hurt the U.S. economy, while hailing the March jobs report that showed the U.S. economy added 236,000 jobs. “Extreme MAGA Republicans in Congress, on the other hand, are threatening to wreak havoc on our economy with debt limit brinkmanship,” Biden said in a statement. He argued that Republicans’ “extreme agenda would send the unprecedented investments we’ve made here in America – along with the jobs that come with it – overseas. And it’s all to pay for even more giveaways to the wealthiest Americans and largest corporations.” The unemployment...

The Hill has an interesting story: 5 takeaways on a surprisingly strong jobs report. “The U.S. economy added 517,000 jobs in January, more than doubling Wall Street expectations and turning up its nose at prognosticators of an imminent recession. The unemployment rate dropped to 3.4 percent, the lowest level since 1969. Analysts were expecting it to move in the opposite direction, ticking up to 3.6 percent.” Yes, I was expecting U-3 unemployment to increase to 3.6% as well. What happened? Seasonal adjustments (BLS doens’t provide non-seasonally adjusted data). But the shocking headline (mostly due to seasonal adjustements) was not as...

Scroll back up to restore default view. Yahoo Finance Stock market news live updates: Stocks tank, Treasury yields spike as Wall Street frets over jobs report Alexandra Semenova Alexandra Semenova·Reporter Fri, October 7, 2022 at 1:34 PM In this article: ^IXIC -3.80% ^GSPC -2.80% ^DJI -2.11% U.S. stocks cratered on Friday after the government's monthly employment report showed labor conditions remained tight in September despite a slowdown in hiring — a sign Fed officials will proceed with aggressive interest rate hikes. The U.S. economy added 263,000 jobs last month as the unemployment rate fell to 3.5%. Economists expected a payroll...

I've really gotten to know former President Donald J. Trump over the past six years since he came down that escalator. I was the first to predict he'd be the next president of the United States (at Fox News on the day Trump announced in June of 2015). I was the first to compare him to Ronald Reagan and predict Trump would become the greatest conservative president ever. I was the first to predict he'd create the most jobs in history for black and Hispanic Americans (in a Fox News editorial before he was elected). I was the media personality...

The Wall Street Journal Editorial Board threw a big wrench into the media machine celebrating President Joe Biden’s so-called win on the better-than-expected January jobs report. The Bureau of Labor Statistics published a Feb. 4 report showing the economy added 467,000 jobs, which blew past estimates. The media swallowed the news whole. CNBC’s headline was: “Payrolls show surprisingly powerful gain of 467,000 in January despite omicron surge.” ABC News salivated: “US economy defies omicron and adds 467,000 jobs in January.” But The Journal had a surprisingly different take, and it was an eye-opener: “Who knows what to make of Friday’s...

Well, the COVID hysteria from the Biden Administration and the media preparing us for a horrible jobs report was … incorrect. In fact, the January jobs report was “exceptional”. 467,000 jobs were added and average hourly earnings growth ROSE to 5.7% YoY. The bad news? Thanks to surging inflation, REAL average hourly earnings growth YoY FELL to -2.36%. Unemployment ROSE to 4.0% from 3.9% as more people dropped out of the labor force in January. On the bright side, labor force participation rate rose to 62.2% from 61.9%. The reaction in the bond market? US 10-year yields are up 6.9...

Ahead of Friday's jobs report, the White House is lowering expectations about a number they say could be hard hit by both the Omicron variant and a quirk of how the data is gathered each month. "We just wanted to prepare people to understand...what it is an assessment of and as a result, the month’s jobs report may show job losses in large part because workers were out sick from Omicron," Press Secretary Jen Psaki said Monday. Experts have warned of less than stellar news for weeks. On Jan. 20, Moody’s Analytics' Adam Kamins joined Yahoo Finance and noted that...

The Labor Department on Friday will report on the number of jobs created in November in what will be the last reading of this important economic measure in 2021. By all accounts, it should be a good number with estimates above October’s 531,000 jobs. On Thursday, the department reported that unemployment claims filings were 222,000 last week, while the four-week moving average of 238,750 was at the lowest level since March 2020. A day earlier, private payroll firm ADP’s monthly survey showed 534,000 jobs had been created in November.

The November jobs report came out Friday morning and it’s a huge miss. US employers added 210,000 jobs in November – less than half of what Wall Street expected. This is the worst jobs report of Biden’s presidency. CNBC reported: The U.S. economy created far fewer jobs than expected in November, in a sign that hiring started to slow even ahead of the new Covid threat, the Labor Department reported Friday. Nonfarm payrolls increased by just 210,000 for the month, though the unemployment rate fell sharply to 4.2% from 4.6%, even though the labor force participation rate increased for the...

The U.S. job market saw hiring slow to 235,000 jobs in August, a sharp drop off after two strong months with the Delta variant of the coronavirus to blame. Still, President Joe Biden said it represented good news. 'What we're seeing is an economic recovery that is durable and strong. The Biden plan is working, we're getting results,' he said at the White House Friday morning. The unemployment rate dropped to 5.2%, the Labor Department reported Friday, but the predictions for the job market failed to meet expectations by a significant margin. 'There's no question that the Delta variant is...

Will the third time be the charm? Will a third dismal jobs report finally cause President Joe Biden and the Democrats to realize the economic disaster they’ve created? Probably not. The jobs report released last week revealed that employers hired 100,000 fewer workers than expected in May. April was even worse: Unemployment spiked as the number of new hires missed the mark by more than 700,000. This hiring problem isn't for lack of jobs. Nearly half of America’s business owners have available positions they’re trying to fill. They just can’t fill them—and Joe Biden is to blame. Back in March,...

The Biden administration has struggled to account for April’s dismal jobs report. Yesterday one of Biden’s economic advisers, Cecilia Rouse, tried to explain the awful numbers without referring to any of the obvious culprits, e.g. workers being paid not to work. The problem, she said, was that Easter fell in March this year: -snip- I don’t know how that would account for a lack of hiring in April, but in any event, Easter was not in March, it was on April 4. The Biden administration flails incompetently, the the Democratic Party press averts its eyes and pretends that all is...

Joe Biden was all geared up to go out last week and boast about the one million jobs the economy had added in April. But then the actual numbers came out, and . . . psych! Only 266,000 new jobs, 73 percent fewer than Biden was planning to brag about! But not to worry, Joe: The New York Times has got your back! Appearing on today's Morning Joe, Elisabeth Bumiller, the paper's Washington bureau chief, claimed, in a strangely stumbling statement, that: "There is a sense that there was a lot of, there was a, the numbers were very, were,...