Job creation topped expectations in February, but the unemployment rate moved higher and employment growth from the previous two months wasn’t near as hot as initially reported. Nonfarm payrolls increased by 275,000 for the month while the jobless rate moved higher to 3.9%, the Labor Department reported Friday. Economists surveyed by Dow Jones had been … Read more
More than 75 employers were taking resumes and talking to prospective new hires at a career fair in Lake Forest, CA on Wednesday, February 21, 2024. Paul Bersebach | Medianews Group | Orange County Register | Getty Images Layoff announcements in February hit their highest level for the month since the global financial crisis, according … Read more
Westend61 | Westend61 | Getty Images As thousands of layoffs make headlines, experts say there is a silver lining â a resilient job market. But to find your next position faster as companies cut costs, you may have to take a new approach. In January, companies cut a record 82,307 positions, the highest number of … Read more
Many workers who go on strike could soon gain a new bit of leverage against their employers: unemployment benefits. Lawmakers in several states are considering the novel approach of extending unemployment insurance to workers who hit the picket lines, saying it would help level the playing field with deep-pocketed companies that can starve their workforces … Read more
China is unlikely to experience a distinct boost in birth rates this year, largely due to the country’s high youth unemployment and economic turmoil, according to the EIU. D3sign | Moment | Getty Images The Chinese Year of the Dragon is widely perceived in Asia-Pacific to be an auspicious year to have a baby — … Read more
Job growth posted a surprisingly strong increase in January, demonstrating again that the U.S. labor market is solid and poised to support broader economic growth. Nonfarm payrolls expanded by 353,000 for the month, much better than the Dow Jones estimate for 185,000, the Labor Department’s Bureau of Labor Statistics reported Friday. The unemployment rate held … Read more
A networking and hiring event for professionals of color in Minneapolis, Minnesota. Michael Siluk | Getty Images Black men lost ground in the workforce last month, marking a continuation of the disparities that have permeated the U.S. labor market. Black males who were at least 20 years old saw an unemployment rate of 5.3% in … Read more
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A networking and hiring event for professionals of color in Minneapolis, MN. Michael Siluk | Getty Images The labor market continued to show surprising resiliency in the early days of 2024, with initial jobless claims posting an unexpected drop last week. Initial filings for unemployment insurance totaled 187,000 for the week ended Jan. 13, the … Read more
The U.S. labor market closed out 2023 in strong shape as the pace of hiring was even more powerful than expected, the Labor Department reported Friday. December’s jobs report showed employers added 216,000 jobs for the month while the unemployment rate held at 3.7%. Payroll growth showed a sizeable gain from November’s downwardly revised 173,000. … Read more
