The unemployment rate dipped below 6% for the first time in six years, as the U.S. Department of Labor reported today (Friday) that employers added 248,000 new jobs in September. The gains took the unemployment rate down to 5.9% from August's 6.1% and beat consensus estimates of 215,000.
The August jobs report was disappointing indeed, missing estimates by a whopping 83,000.
Last month employers added the fewest jobs in eight months, the U.S. Department of Labor reported Friday. Payrolls increased by an uninspiring 142,000 in August, handily missing the median forecast for an increase of 230,000.
U.S. job growth slowed more than expected in July, resulting in an unexpected rise in the unemployment rate, according to the July jobs report just released today (Friday) by the U.S. Department of Labor.
After surging (a revised) 298,000 in June, nonfarm payrolls increased by 209,000 last month. The unemployment rate ticked up to 6.2% from 6.1%.
Stock market today, July 17, 2014: The Dow Jones Industrial Average finished up yesterday (Wednesday) for its 15th record-breaking close in 2014. U.S. Federal Reserve Chairwoman Janet Yellen testified before Congress, reiterating that the economy remains vulnerable to a struggling job market and stagnating wages - two reasons why the central bank will continue its loose monetary policy in 2014.
Stock market news today, July 10, 2014: At its worst, the Dow Jones was down 180 points intraday. The Chicago Board Options Exchange Volatility Index (VIX), typically known as the Fear Index, jumped more than 5% this afternoon.
On the jobs front, the number of Americans seeking unemployment benefits reached a seven-year low.
Optimism surrounded Thursday's release of the June U.S. Labor Department Jobs Report, but although the numbers were better than expected, we still have plenty to worry about, and the economy is still in trouble.
Employers added 288,000 jobs in June. The unemployment rate dipped to 6.1% from 6.3%, the lowest level since September 2008.
The May jobs report had the potential to pass for decent, but then we looked at the labor force participation rate...
The U.S. Labor Department jobs numbers for April came out today, and as usual they aren't as good as the government wants us to believe...
The report showed that U.S. employers added 288,000 jobs last month. The unemployment rate fell to 6.3% from 6.7%, beating the estimate of 6.6%.
After several months of promising reports, December's brutally low numbers delivered a sobering dose of reality. Even a welcome decline in the unemployment rate to 6.7% masked bad news. But the key point now is what this jobs report tells us about the health of the U.S. economy, and, in particular,
Good news is actually good news on Wall Street today.
Stocks rallied Friday following a robust November jobs report that showed U.S. employers continued to add jobs at a steady pace last month, which pulled the unemployment rate down to a five-year low at 7.0%.
The October jobs report looks surprisingly strong – until you dig deeper. Employers increased headcount, yet the labor force hit a 35-year low. The unemployment rate actually went up, as did the number of temporary workers. All those trends are going in the wrong direction.
Money Morning Capital Wave Strategist Shah Gilani joined Stuart Varney of FOX Business' "Varney & Co." today (Wednesday) to go over the bungled and belated September jobs report.
This month's Bureau of Labor Statistics' report, initially scheduled for release Oct. 4, was delayed until Oct. 22 on account of the government shutdown. But it looks like the extra days didn't help sort out jobs data - the BLS is now under fire for releasing numbers that simply don't add up.
The September jobs report, delayed for weeks because of the government shutdown, is not at all what anyone expected. Not only did the headline number of 148,000 jobs fall far short of expectations but a lot of the underlying numbers just don't quite add up.
131 Initial Public Offerings (IPOs) have been priced this year, a 44% increase over 2012. This puts 2013 on track to be the biggest year for IPOs since 2007, before the financial crisis. This almost makes up for the Facebook IPO fiasco, and signals the re-birth of a white hot IPO market. Don't miss this list of promising IPOs set to for the rest of 2013.
Four potential triggers exist that could crash the markets. Fortunately, there are ways to protect yourself from these doomsday scenarios. Perhaps the most dangerous one at the moment is the threat of the Fed ending its $85 billion dollar per month bond-buying spree, part of the QE game. Want to know what else to look out for? Click here for the other three intriguing and terrifying possibilities.