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The Department of Labor's monthly report showed that the economy added 245,000 jobs in November, when projections hoped that 440,000 jobs would be added. The unemployment rate decreased to 6.7 percent as COVID cases begin to spike again. BREAKING: U.S. added 245,000 jobs in November, vs 440,000 expectedhttps://t.co/5zpXf4Im9a pic.twitter.com/Fj0ysTHfM9 — CNBC Now (@CNBCnow) December 4, 2020#JobsReport: Job creation slowed in Nov, well below expectations. Payroll jobs in private sector were ??344,000.Unrate is ??8 % pts from April high but 3.2 % pts higher than Feb. Unemployed, at 10.7M, trends down in Nov but is 4.9M higher than Feb.@WSJ graphics below....

The U.S. economy added 245,000 jobs in November and the unemployment rate ticked down to 6.7 percent, according to data released Friday. Economists surveyed by Econoday had forecast 500,000 jobs and a decline in the unemployment rate to 6.8 percent, one-tenth of a percent October’s 6.9 percent.

Amazon, the monumental success that anti-capitalism commies like Alexandria Ocasio-Cortez love to hate, is performing a pandemic miracle: creating a stunning number of new jobs during a crisis that has otherwise destroyed the global economy.The New York Times:SEATTLE — Amazon has embarked on an extraordinary hiring binge this year, vacuuming up an average of 1,400 new workers a day and solidifying its power as online shopping becomes more entrenched in the coronavirus pandemic.The hiring has taken place at Amazon’s headquarters in Seattle, at its hundreds of warehouses in rural communities and suburbs, and in countries such as India and Italy....

The COVID-19 pandemic has wreaked havoc on the U.S. labor market, and according to new data from job and review site Glassdoor, the damage done within some industries might be irreversible. Glassdoor Chief Economist Andrew Chamberlain breaks down pandemic-affected jobs into three categories: jobs that won’t return until the coronavirus is under control, jobs that may take years to get back to pre-pandemic levels, and jobs that may never return.Jobs that likely will not return until COVID-19 is under control include anything in the personal services, including beauty consultants and stylists as well as discretionary health care jobs like audiologists,...

An astonishing 2.2 million more Americans were working in October than in December, and 1.5 million fewer were unemployed.Good news about the economy continued to pour in during Election Week. Predictably, the nation’s establishment press, obsessed with its self-appointed insistence that Joe Biden is the nation’s president-elect, virtually ignored it.On Nov. 6, the government’s October jobs report revealed that the nation’s unemployment rate dropped a full point to a seasonally adjusted 6.9 percent, while nonfarm payroll employment increased by 638,000. The reported unemployment rate smashed expectations that it would only drop to 7.6 percent, while the employment increase beat expectations...

U.S. employers brought back more jobs than expected in October and the unemployment rate improved by a greater than anticipated margin. Still, improvements in both metrics have decelerated considerably from earlier this year during the initial stages of recovery during the pandemic period.The Department of Labor released its monthly non-farm payrolls report Friday at 8:30 a.m. ET. Here were the main results from the report, compared to consensus estimates compiled by Bloomberg: Non-farm payrolls: +638,000 vs. +580,000 expected and a revised +672,000 in September Unemployment rate: 6.9% vs. 7.6% expected and 7.9% in September Average hourly earnings, month-over-month: 0.1% vs....

WASHINGTON - U.S. employers added 638,000 jobs in October, a solid pace though far fewer than needed to regain most of the jobs lost to the pandemic recession just as new viral cases are setting record highs. The gain suggested that a tentative economic recovery is still intact even as it faces a surging viral outbreak. October’s gain was slightly below the 672,000 jobs added in September and the 1.5 million in August. But last month’s gain was stronger than it appears: It was held down by the loss of about 150,000 temporary Census jobs. Excluding governments, private employers added...

The final jobless claims report before the election showed the latest weekly total of Americans applying for unemployment benefits dropped slightly to 751,000. While that number was slightly better than expected, the job losses racked up through the pandemic have contributed to a lumpy employment picture with some states recovering more quickly than others. Unemployment applications nationally have receded from the record high of more than 6 million weekly claims back in April, but a closer look at the state-level filings reveals some regions continue to suffer from stubbornly high job losses months into the recovery. According to the Department...

As companies grow and become more valuable, they’re able to hire and invest in new products and technologies. But they need skilled workers to grow.This is the Tech Dilemma: Too many jobs, not enough workers. Not exactly what you’d expect with the country walking a pandemic tightrope with over 8.4% unemployment (according to the Bureau of Labor Statistics).For instance, many of the FAANGs, or five of the most prominent American tech companies – Facebook, Apple, Amazon, Netflix, Alphabet (formerly known as Google) – are collectively adding employees to handle the influx of demand attributed to eCommerce.Amazon recently announced that...

Days before the State of Wisconsin denied Foxconn's request for state tax credits - in the form of direct payments from the state to Foxconn's bank account - related to the "factory" built by the world's largest contract tech manufacturer in Mount Pleasant, Wisconsin. The project was announced shortly after President Trump's upset election victory, but quickly ran aground as reporters complained that the facility being built by Foxconn bore little resemblance to the enormous Gen 10.5 LCD factory the company had promised. In fact, the factory isn't even big enough to serve as a smaller Gen 6 LCD...

What’s the best way to protect the rights of workers? Let them determine their own job preferences, or mandate that companies provide them with certain protections? California has chosen to take the latter path. Has it worked? Is it a victory for workers, or a debilitating defeat? Patrice Onwuka of the Independent Women’s Forum looks into these questions. Her findings may surprise you.

The nation’s corporate media have mostly downplayed or ignored the U.S. economy’s remarkable performance following the COVID-19 lockdowns earlier this year. The nation’s corporate media have mostly downplayed or ignored the U.S. economy’s remarkable performance following the COVID-19 lockdowns earlier this year. They have completely ignored how pandemic-related economic restrictions in many states have prevented the ongoing recovery from being even stronger.In just five months, the unemployment rate has fallen by 45 percent from its April peak of 14.7 percent, and the economy has also regained just over half of the 22.2 million jobs lost in March and April. This...

the impact of mandated shutdowns ... In response to the Covid-19 pandemic, widespread lockdown restrictions were imposed, ostensibly to keep hospitals from being overwhelmed and medical resources from being consumed to exhaustion. Whether policymakers purposely or out of ignorance disregarded them, the tradeoffs of stay-at-home orders were immediate and severe: a massive spike in unemployment, rivaling the Great Depression ... Among Mideast states, New York’s GDP declined the most: 39.3%. .. long-lasting nature of lockdowns on New York City. Yet compared against all other U.S. states, Hawaii and Nevada’s GDP plummeted the most: both by 42.2%. ... artificial economic slowdown...

...More than half -- 58% -- of voters in the canton, or state, of Geneva, voted to set the minimum wage 23 francs an hour, the equivalent of $25 an hour. The initiative was backed by a coalition of labor unions, and is expected to affect about 6% of Geneva's workers when it takes effect Nov. 1.

... Take Mr. Biden’s stance on the federal minimum wage, which he wants to increase to $15 an hour from $7.25. Why transfer income to low-wage workers as opposed to poor people generally? Mr. Biden has ignored the question. But even if you’re laser-focused on raising wages, there are better alternatives. The Earned Income Tax Credit increases after-tax wages and gives businesses an incentive to hire more employees—an incentive the minimum wage gets backward. The EITC also allows workers the flexibility to negotiate with employers, accepting a lower wage in exchange for more-flexible hours or better conditions. The minimum wage...

For the eight years of the Obama-Biden administration, there wasn’t a single month when job openings exceeded the number of people unemployed. Zero. In fact, when Obama and Biden left office in January 2017, there were 1.9 million more people unemployed than there were job openings. So there was an abundance of people looking for work, but too few jobs opportunities open to them. A little more than a year later, in March 2018, that situation had reversed. Following Trump’s regulatory overhaul and passage of the Tax Cuts and Jobs Act, employment openings exceeded the number of people unemployed for...

ORT WORTH (CBSDFW.COM) – With 50 locations across the state of Texas, Baylor Scott and White Health is one of the more recognized names in health care in our region. Now the company is looking to hire for more than 3,000 jobs across their network of facilities, and many of those jobs are right in North Texas.

The amazing strength of the data in that report show what the American economy, and American workers, can achieve—if given the right policy environment and opportunities. Based on a Census Bureau report released last Tuesday, the current debate over economic policy might come down to a question of numbers. Which would you prefer: A $1,200 “stimulus” check while not working during lockdowns, or a nearly $4,400 pay increase in a growing job?The Census report, which chronicled changes in income and poverty in 2019, documented the state of the economy well before the coronavirus hit. But the amazing strength of the...

SAGINAW, Mich. – For months we have heard about the "Silent Majority," the idea that the majority of our nation are conservative, law-abiding citizens who support President Trump. These Americans care about issues like jobs and the economy. They support law enforcement, disagree with Black Lives Matter rioters and, by and large, want government to stay out of their lives. In Central Michigan, the "Silent Majority" is alive and well. The problem, however, is they're silent because they're afraid of being retaliated against. "They know they can be humiliated and, probably, a little bit afraid of these activists coming in...

At Code Platoon, we track national demand for programming languages so that our Veterans and military spouses are trained with the best tools for a career in software development. When you’re deciding which programming language to learn, the following demand-based insights complement a much broader strategy.We first wrote a version of this article in 2018, which can be found here.This article attempts to answer which programming languages command the highest salaries and are most frequently targeted in job postings.We updated the statistics for 2020, and here are our primary findings:Python and Javascript developers continue to be in demand, commanding the...