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The U.S. economy added jobs in November as economic uncertainty continued to dampen activity in the labor market. The Labor Department on Tuesday reported that employers added 64,000 jobs in November, a figure that was above the 50,000 estimate of economists polled by LSEG. The unemployment rate ticked up to 4.6% for November, which was higher than the 4.4% rate expected by economists. The 4.6% unemployment rate is the highest since September 2021. Job gains in the two prior months in which the employment report was released were both revised lower. Employment in August was revised down by 22,000 from...

The Week Jobs Were Better Than Expected and the Fed Was Worse Than We ThoughtWelcome to Friday! This is the Breitbart Business Digest weekly wrap, where we catch up on the economic and finance news of the seven days already lost to history.This week was one in which mysteries were uncovered. The government got around to unveiling the truth about jobs in September and the mysterious resignation of yet another Fed official. Hiring by restaurants appeared to put to rest fears of a restaurant recession. Anchors aweigh!Better Late Than Never: America’s Unexpected September Jobs SurpriseThe Department of Labor released its...

Perhaps the only thing that might stop the Federal Reserve from cutting interest rates in a few weeks would be a surprisingly strong U.S. jobs report. Just don’t count on it. Hiring has slowed sharply since the spring after the Trump administration launched the biggest trade wars in decades. Even with those trade disputes dying down, businesses have been slow to add new employees. The U.S. economy added an average of only 35,000 new jobs from May through July, marking the smallest three-month increase since the pandemic in 2020. Wall Street isn’t expecting a big uptick in August, either. A...

Total nonfarm payroll employment changed little in July (+73,000) ...

Ahead of President Trump taking office on Jan. 20, Bidenomics is still with us. Joe crowed about all the 16 million jobs he'd 'created' in his speech five days ago, patting himself on the back. Here's the White House public relations video: [video at link] It was stolen valor. Turns out his jobs numbers look like this: Post Stephen Moore @StephenMoore 🚨 Another half-million jobs reported under Biden turn out to be phantom! 🚨 The Philly Fed's recent findings reveal that Q2 job growth was actually negative, with all reported gains set for revision in 2025. This follows an alarming...

he latest employment situation report from the U.S. Bureau of Labor Statistics (BLS), released Friday morning, showed that the economy added only 12,000 jobs in October, or 12% of the 100,000 additions expected. It's the smallest gain in four years, since December 2020. The report "showed a material weakening in job growth," EY Senior Economist Lydia Boussour told Entrepreneur in an emailed statement.

U.S. job gains increased by the most in six months in September and the unemployment rate fell to 4.1%, pointing to a resilient economy that likely does not need the Federal Reserve to deliver large interest rate cuts*** In addition to the better-than expected increase in nonfarm payrolls reported by the Labor Department on Friday, wages rose at a solid pace last month. The closely watched employment report also showed the economy added 72,000 more jobs in July and August than previously estimated. The report followed on the heels of annual benchmark revisions to national accounts data last week that...

Nonfarm payrolls grew by 254,000 jobs in September, far outpacing the forecasted gain of 150,000 from economists polled by Dow Jones. The unemployment rate ticked down to 4.1% despite expectations for it to hold steady at 4.2%.

Social media users trashed President Biden’s Secretary of Commerce Gina Raimondo for admitting to ABC News on Wednesday that she wasn’t “familiar” with the day’s major revision to the jobs numbers. ABC News correspondent Kayna Whitworth asked Raimondo what she thought of the jobs numbers revision by the Bureau of Labor Statistics. “I am curious as to your thoughts on today the Bureau of Labor saying that more than 800,000 fewer jobs were actually created than initially reported,” Whitworth said. The reporter played a clip of former President Donald Trump talking about the report at his rally in North Carolina...

Earlier today the Bureau of Labor and Statistics (BLS) revised the annual jobs report to remove 818,000 previously recorded jobs. […] “The Bureau of Labor Statistics revised down its total tally of jobs created in the year through March by 818,000 as part of its preliminary annual benchmark review of payroll data. That suggests the economy added an average of 174,000 jobs per month during that time period — below the previous 242,000 estimate. On a monthly basis, that amounts to about 68,000 fewer jobs. It marks the largest downward revision since 2009.” (read more) When asked about the troubling...

Nearly 350,000 Americans settled for part-time jobs in July according to Bureau of Labor Statistics (BLS) data released Friday.... Meanwhile, the number of American workers employed part-time because their hours were reduced or they could not find full-time jobs increased by 346,000 to 4.6 million, raising the specter of recession, according to economists who spoke to the Daily Caller News Foundation.... E.J. Antoni, a research fellow at the Heritage Foundation’s Grover M. Hermann Center for the Federal Budget, told the DCNF. “The Biden-Harris administration has turned the American labor market into a temp agency.”... Since June 2023, the U.S. has...

One of the main issues for the election is the economy. It's already been bad under Biden-Harris. It got worse on Friday as the stock market tanked and a bad July jobs report came in, as we reported. Hiring slowed to 114,000 jobs last month, the government report said, missing expectations. The unemployment rate rose to 4.3 percent—its highest level in nearly three years, when the economy was still clawing its way back from the pandemic. That was also worse than expectations. Now, that raises big concerns about a slowing economy, which my colleague Ward Clark noted. Economist John Lonski...

The uptick in the June unemployment rate along with significant downward revisions in the job additions for April and May are the latest signs that the economy may be slowing down under high Federal Reserve interest rates. The Friday numbers from the Labor Department showed the unemployment rate increasing to 4.1 percent in June from 4 percent in April, the third month in a row of 0.1-percentage point increases. Jobs added to the economy in May were revised down to 218,000 from 272,000 and in April to 108,000 from 165,000. While the economy added a healthy 206,000 jobs in the...

The fake news media is working overtime to help Joe Biden’s reelection bid. The disastrous May jobs report was released on Friday: According to the BLS, nonfarm payrolls expanded by 272,000 – ‘better than expected’ and the unemployment rate rose to 4% (this number is also a lie). But the fake news media is spinning the abysmal report to help Joe Biden. “U.S. adds a much-better-than-expected 272,000 jobs in May, but unemployment rate edges up to 4%” – CNBC boasted on Friday. ... Fake News CNN really hyped up the May jobs report. “US economy added a whopping 272,000 jobs...

Employers in the US added more than 300,000 jobs last month - the biggest gain in almost a year - as the boom in the world's largest economy continued. The jobless rate fell to 3.8%, as most sectors, including health care, construction and the government added roles, the Labor Department said. It marked another month of stronger-than-expected growth. Economists had forecast job gains of about 200,000. Analysts said the strong figures could delay cuts to US interest rates.

Many are hailing today’s establishment and household job reports, which show 300,000, or as many as 500,000, jobs being added in March. But Steve Moore points out in his Committee to Unleash Prosperity email that the picture is far from rosy: The new job numbers for March were strong with 300,000 jobs added in the establishment survey and 500,000 in the household survey. But those positive headline numbers camouflage a very disturbing trend in the labor market. Almost all of the new jobs on net are part-timers. That means a part-time paycheck. Stock market advisor Stephanie Pomboy of MacroMavens has...

Job growth surged in March, as employers added 303,000 positions and the unemployment rate edged down, the Bureau of Labor Statistics reported Friday. Why it matters: The U.S. labor market has proved remarkably resilient over the last year, as employers keep seeking workers despite a bumpy economic environment. The latest numbers affirm that strength, handily beating analysts' forecasts. By the numbers: The jobless rate fell as more people entered the work force — a good sign for growth potential. The labor force participation rate rose by 0.2 percentage points to 62.7%. Average hourly earnings were up 0.3%, and are up...

To quote the song “Sloop John B”, “Let me go home, I wanna go home. This is the worst trip I’ve ever been on.” The lyrics should change to “This is the worst ADMINISTRATION I’ve ever experienced. Now for the bad news. For those wondering if the jobs were all part-time, the answer is a resounding yes: in March, full-time jobs dropped by 6,000 as Part-time jobs soared by 691,000. On a year-over-year (YoY) basis, full-time jobs were down -1.0% while part-time jobs were up 7.1% Native-born versus foreign born? On a YoY basis, native-born employment was down -0.5% while...

The January 24 Jobs Report dropped today and of course, our pals on the Left are doing what they do every month and acting like Biden is doing a great job! So many new jobs created! Unemployment down! BIDEN BOOM they say. And as usual, it's a bunch of horse crap. Big thanks to E.J. Atoni, Ph.D. for doing the actual footwork and showing the reality of our country right now. Hint, it ain't good. STOP going crazy about this jobs report: BLS themselves told us last month that data from Jan '24 and later months are NOT directly comparable...

There’s something wrong with previous U.S. jobs reports. The government quietly erased 439,000 jobs through November 2023, a closer look at the numbers from the Bureau of Labor Statistics shows. That means its initial jobs results were inflated by 439,000 positions, and the job market is not as healthy as the government suggests. Since the government wiped out 439,000 jobs after the fact, the total percentage of jobs created by the government last year is even higher. Increased government hiring has been driving the jobs numbers higher.