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Employers added just 99,000 jobs, a total that came in well below economists’ estimates for a 141,000 net gain and under July’s tally that was downwardly revised by 11,000 to 111,000 jobs added.
Last week, there were an estimated 238,000 first-time claims filed for unemployment benefits, an increase of 4,000 from the week before, according to Department of Labor data released Wednesday.
Last week's better-than-expected June jobs report increases the likelihood that the Federal Reserve will issue another 75-point interest rate hike at its July meeting, according to various media...
Here are the companies with job cuts planned or already underway in 2025 so far. Adidas plans to cut up to 500 jobs in Germany. Despite a strong year, Adidas is planning job cuts.
The labor market showed a cooldown in March, but investors suspect adding 236,000 jobs to the economy last month will be enough to push the Federal Reserve to raise rates again in May.
The largest jobs increases in Friday's report were seen in professional and business services, which added 74,000 jobs in February, well above its 2023 monthly average of 14,000 jobs. Meanwhile ...
(Bloomberg Opinion) -- Although the better-than-expected U.S. employment numbers that came out on Thursday give reason for optimism, it is far too early to declare victory over the threat of ...
U.S. job gains over the 12 months ending in March were revised downward Wednesday by 818,000 — a significant revision that adds to recent concerns that the economy has been slowing.