New applications for unemployment benefits in the U.S. fell last week to a fresh half-century low as employers held on to their workers in the midst of a labor shortage.
U.S. job growth accelerated in February, pushing the unemployment rate to a two-year low of 3.8% and raising optimism that the economy could withstand mounting headwinds from geopolitical tensions, inflation and tighter monetary policy.
The US economy added 678,000 jobs in February, exceeding economists' expectations.
The U.S. economy grew last year at its fastest pace since 1984, rebounding from a sharp but brief coronavirus-induced recession in March 2020.
Feb 14 2022
Job growth rose far more than expected in January despite surging omicron cases that seemingly sent millions of workers to the sidelines, the Labor Department reported Friday. Nonfarm payrolls surged by 467,000 for the month, while the unemployment rate edged higher to 4%, according to the Bureau of Labor Statistics. The Dow Jones estimate was for payroll growth of 150,000 and a 3.9% unemployment rate.
Feb 10 2022
“Decades of diminished bargaining power, stagnant wage growth, diminishing returns from additional years of working, and increasingly strenuous and dangerous jobs have contributed to widespread economic insecurity among older workers and constricted broad-based economic growth,” Beyer contended.
Jan 31 2022
Access to safe and legal abortion enables people to make the decisions that are right for them and their financial security. These decisions have lifelong economic consequences not only for the people directly impacted, but also their families and communities.
The U.S. unemployment rate fell below 4% and wages jumped last month, adding to evidence of a tight labor market that’s expected to help spur Federal Reserve interest-rate liftoff as soon as March despite disappointing payroll growth. The jobless rate dropped to 3.9% and monthly wage growth accelerated in December, a Labor Department report showed Friday.