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The Latest News about unemployment

Businesses Drastically Reduced New Hires In July According To Private Payroll Processor

Private sector job creation for displaced workers slowed in July, with private payroll increases not meeting the growth expected by economists, CNBC reported. Economists who were surveyed by Dow Jones expected private-sector employment to increase by 1 million, yet reported an increase of 167,000, CNBC reported. The report was issued by Dow Jones economists and Moody’s Analytics. The total private-sector ...

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Unemployment Claims Rise For The First Time Since April To 1.4 Million

The Department of Labor reported Thursday that over 1.4 million Americans filed additional claims for unemployment last week, marking the first weekly increase in claims since April. The number of Americans filing for unemployment had been declining each week before mid July, but the Thursday report marks the 18th week in a row that unemployment claims have been above one ...

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May Jobs Report: 2.5 Million Jobs Gained, Unemployment Falls To 13.5%

economy going up

The U.S. economy gained 2.5 million jobs in May, while the unemployment declined to 13.5%, according to Department of Labor data released Friday. Total non-farm payroll employment rose by 2.5 million in May, according to the Bureau of Labor Statistics report, and the number of unemployed persons fell by 2.1 million to 21.0 million. May’s unemployment rate declined by 1.4 ...

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1.9 Million New Jobless Claims this Week

The U.S. Department of Labor reported Thursday that about 1.9 million new jobless claims were filed over the past week. The latest data showed a roughly 249,000 decrease in claims from the previous week’s numbers, showing that 1,877,000 new jobless claims were filed in the week ending May 30. Data from the previous week showed roughly a 323,000 decrease in claims from the prior week’s numbers. ...

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JPMorgan Foresees An Apocalyptic Second Quarter, With Unemployment Hitting 20 Percent

JPMorgan economists expect the second quarter to be a bad one, with 25 million jobs lost and a sizable chunk taken out of the country’s gross domestic product as the coronavirus pandemic hits its stride. They foresee a 40% decline in the GDP and a surge in April’s unemployment rate to roughly 20%. Economists previously forecasted the GDP dropping 25% ...

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St Louis Fed President Projects Unemployment Rate Hitting 30% If Shutdowns Continue Amid Virus Panic

Federal Reserve Bank of St. Louis President James Bullard warns that the U.S. unemployment rate will soon hit 30% as government officials continue pushing shutdowns to prevent the spread of coronavirus. Such measures will also cause a 50% drop in gross domestic product, Bullard said in a Bloomberg interview published Sunday. He also questioned why officials are purposely shuttering entire ...

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Trump Effect: Despite Coronavirus Fear-mongering, 273,000 Jobs Added, Unemployment At 3.5%

Donald Trump success

The U.S. economy added 273,000 jobs in February, while the unemployment rate was almost unchanged at 3.5%, according to Department of Labor data released Friday. There were 273,000 jobs added in February, according to the Bureau of Labor Statistics report — about 48,000 more jobs than were added in January. February’s unemployment rate dipped slightly to 3.5% from January’s 3.6%, ...

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Trump Effect: 266,000 New Jobs Added in November – blowing out expectations

Donald Trump success

The U.S. economy added a robust 266,000 jobs in November blowing out analysts’ expectations of 187,000, according to the Bureau of Labor Statistics. Gains were largest in manufacturing (54,000), leisure and hospitality (45,000), health care (45,000), professional and technical services (31,000), and transportation and warehousing (16,000). Clothing and accessory retailers saw the largest losses as more than 18,000 jobs were ...

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September Jobs Report: 136,000 Jobs Added, Unemployment Declines To 3.5%

Donald Trump success

The U.S. economy added 136,000 jobs in September, while the unemployment rate declined to 3.5%, according to data released by the Department of Labor on Friday. 136,000 jobs were added in September, according to the Bureau of Labor Statistics report, about 6,000 more jobs than were added in August. Unemployment declined to 3.5%. Economists predicted the unemployment rate would remain ...

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Trump Effect: Black Unemployment Hits Record Low, Spurred By Uptick In Employment For Black Women

Donald Trump success

The unemployment rate for black workers fell from 6.0% in July to 5.5 % in August, data from the Department of Labor reveals.  These numbers surpass the record low set in May 2018 of 5.9% for black unemployment and are partially due to improved jobs numbers for black women. While July numbers revealed unemployment for black women to be at 5.2%, ...

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Trumponomics: 263,000 Jobs Added, Unemployment At 3.6 Percent in April

Donald Trump success

The U.S. economy added 263,000 jobs in April while the unemployment rate fell to 3.6 percent, making March the 103rd straight month of job growth, according to Department of Labor data released Friday. Economists predicted 190,000 jobs would be added and the unemployment rate would hold at 3.8 percent, according to The Wall Street Journal. Jobs numbers for March were ...

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Will 2020 Become the Final Year of the Democrat Party?

President Trump is moving America forward with fresh ideas, long-term plans, and initiating orders to make America great again. His successes are indisputable. Jobs are plentiful. Unemployment is at historical lows. Black and Hispanic unemployment at the lowest levels, ever. Manufacturing jobs are returning to America. America is now energy independent. Incomes are growing for all. Opportunity is knocking on ...

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196,000 Jobs Added, Unemployment 3.8 Percent

Donald Trump success

The U.S. economy added 196,000 jobs in March while the unemployment rate remained steady at 3.8 percent, making March the 102nd straight month of job growth, according to Department of Labor data released Friday. Economists surveyed by The Wall Street Journal expected that the jobs report would show solid growth by 175,000 jobs and for the unemployment rate to remain ...

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