• US adds 638K jobs in October as COVID recovery slows

    US adds 638K jobs in October as COVID recovery slows

    The US labor market’s recovery from the coronavirus pandemic continued to slow in October with employers adding 638,000 jobs as infections surged across the country, the feds said Friday. Last
  • US job postings rise to 6.6M in July, but hiring drops

    US job postings rise to 6.6M in July, but hiring drops

    US employers advertised more jobs but hired fewer workers in July, sending mixed signals about the job market in the wake of the coronavirus outbreak. The Labor Department said Wednesday that the number of US job postings on the last day of July rose to 6.6 million from 6 million at the end of June. …
  • US economy adds 1.4 million jobs in August as coronavirus recovery slows

    US economy adds 1.4 million jobs in August as coronavirus recovery slows

    The US economy added 1.4 million jobs last month in the latest sign that the nation’s recovery from the coronavirus pandemic is losing steam, the feds said Friday. The unemployment rate dropped to 8.4 percent in August as businesses continued to reopen following lockdowns that gutted the economy this spring, according to the Bureau of …
  • US economy’s growth slows in July, adding 1.8 million jobs amid COVID-19

    US economy’s growth slows in July, adding 1.8 million jobs amid COVID-19

    The US economy’s growth slowed in July, adding just 1.8 million jobs following skyrocketing numbers of COVID-19 cases in states like Texas and Florida. The unemployment rate dropped to 10.2 percent, from 11.1 percent in June, data from the Bureau of Labor Statistics show. The numbers are the first look at the economy following the …
  • Unemployment rate hits 14.7 percent with 20.5 million jobs lost in April

    Unemployment rate hits 14.7 percent with 20.5 million jobs lost in April

    The coronavirus has the US economy coughing up a lung. The nation lost a record 20.5 million jobs in April as the pandemic caused the worst economic crisis since the Great Depression, the feds said Friday. The mass layoffs sent the unemployment rate up to 14.7 percent — the highest ever recorded since the government …
  • Stock market takes dive as horrendous jobs report sinks in

    Stock market takes dive as horrendous jobs report sinks in

    US stocks tumbled Friday after a brutal monthly jobs report gave Wall Street more proof of how hard the coronavirus pandemic has hit the economy. The Dow Jones industrial average dropped −360.91 points, or 1.7 percent, to 21,052.53 after the feds’ March jobs report said the US economy lost 701,000 jobs last month, bringing the …
  • Stocks hold steady after feds reveal coronavirus job losses

    Stocks hold steady after feds reveal coronavirus job losses

    US stocks held steady Friday even after a brutal monthly jobs report gave Wall Street more proof of how hard the coronavirus pandemic has hit the economy. The Dow Jones industrial average was off just 58.23 points, or 0.2 percent, as of 10:05 a.m. after an opening 0.7 tumble on the heels of the feds’ …
  • US jobs report: 701,000 lose work amid coronavirus crisis

    US jobs report: 701,000 lose work amid coronavirus crisis

    The US economy shed 701,000 jobs last month as the coronavirus crisis brought the nation’s nine-year hiring streak to a screeching halt, new federal data show. The losses in non-farm payrolls reflected a massive contraction from February, when the economy added 273,000 jobs. The unemployment rate rose nearly a full percentage point to 4.4 percent …
  • March jobs report numbers might appear better than reality

    March jobs report numbers might appear better than reality

    Be prepared for a shock — the employment report for March that’s coming out on Friday may not be as bad as people are expecting. But don’t misunderstand what I’m saying. The job market right now is the worst it has been in over a decade. But quirks in how the monthly numbers are derived …