Friday’s non-farm payrolls report—a barometer of America’s labor market health—not only reflected below-expectations job growth in August but also showed unemployment rising for black workers, teenagers, and those with some college or an associate degree. The Labor Department’s jobs report, released Sept. 3, showed that non-farm payroll employment rose by 235,000 in August, down from an upwardly…
Unemployment Rises Among Blacks, Teenagers, and Those With Associate Degree
American Employers Added 235,000 Jobs in August, Far Below Expectations
America’s private employers added just 235,000 jobs in August, significantly undershooting market expectations and fueling speculation that the weak signal in the labor market recovery may lead the Federal Reserve to delay tapering of stimulus. The Labor Department’s jobs report, released Sept. 3, shows that non-farm payroll employment rose by 235,000 in August, down from 943,000 jobs…
Fed Likely to Start Tapering Bond Buys in December: Former Atlanta Federal Reserve Chief
September 3, 2021
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A former Federal Reserve official said the central bank is likely to announce a tapering to its massive asset-buying program at a policy meeting in November and begin the process a month later, as investors look for clues when the central bank will begin withdrawing some of the support that has boosted markets. Dennis Lockhart,…
Stock Futures Up, European Equities Down, Dollar Near Lows Ahead of Key Jobs Report
Wall Street futures were up, European stocks slipped, and the U.S. dollar held near monthly lows on Friday ahead of the much-anticipated release of the key non-farm payrolls report later in the day that could spur the Federal Reserve to an earlier tapering of stimulus. By 5:16 a.m. ET, Dow futures contracts were up 0.04…
American Employers Hired Far Fewer Workers Than Expected In August: ADP
Private sector employment in the United States rose by 374,000 in August, sharply undershooting consensus expectations of 613,000, according to Wednesday payrolls data from the Automatic Data Processing (ADP) Research Institute. While differences in methodology mean there’s weak correlation between ADP employment data and the Labor Department’s closely watched nonfarm payrolls report, due Friday, the…
American Employers Added 943,000 Jobs in July
America’s private employers in July added 943,000 jobs—a proxy for new hires—in a sign that the U.S. economy enjoyed a solid burst of job growth as the labor market recovery continues. The Labor Department’s jobs report, released Friday, shows that nonfarm payroll employment rose by 943,000 in July, topping the 850,000 jobs U.S. employers added in June….
American Employers Added Just 266,000 Jobs in April as Businesses Struggle to Find Workers
America’s private employers in April added a paltry 266,000 jobs—a proxy for new hires—despite job openings at near record-high levels, suggesting businesses are struggling to find workers and reinforcing the view that some of the Biden administration’s fiscal relief measures are disincentivizing people from seeking work. The government’s jobs report, released Friday, shows that nonfarm payroll…
US Economy Adds 49,000 Jobs, Unemployment Falls to 6.3 Percent
The U.S. economy added 49,000 more jobs than it lost in January after shedding a net 227,000 positions in December, suggesting tepid labor market recovery as many pandemic-related restrictions remain in place. The Labor Department made the announcement in its Friday jobs report, which also showed that the unemployment rate fell from 6.7 percent in December…
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