A Palestinian Authority official says there are around 700,000 Palestinians in the West Bank and Gaza who have gone six months without work since the war between Israel and Hamas began on Oct. 7.
The U.S. labor market continues its hot streak, adding 303,000 jobs last month — more than expected. Many of these jobs will require a four-year degree despite a push among some employers to eliminate these requirements. On today's show, we look at the state of the job market for people without a four-year college degree.
U.S. employers added 303,000 jobs last month, and the unemployment rate dipped to 3.8%. Construction companies added 39,000 jobs, despite high interest rates.
Former Treasury Secretary Larry Summers argues that high interest rates are contributing to people's gloomy economic mood. Sentiment may improve, though, if the Federal Reserve begins to cut rates.
U.S. employers added 353,000 jobs in January — far more than forecasters expected. The sizzling job market is good for workers but could cause the Federal Reserve to postpone a cut in interest rates.
U.S. employers added 216,000 jobs in December, as the unemployment rate held steady at 3.7%. The labor market proved resilient in 2023, despite rising interest rates.
U.S. employers added 199,000 jobs in November, higher than the 150,000 jobs created in the previous month, reflecting in part the return of striking UAW and Hollywood workers.
The author of the 'Sahm Rule' is less worried about rising unemployment this time, even though October's rate was up 0.5% from a recent low...a jump typically associated with the onset of recession.
The U.S. added 150,000 jobs last month, slowing down from the blistering pace seen in September. The drop was partly the result of an unprecedented autoworkers' strike.
U.S. employers added about twice as many jobs in September as forecasters expected. That's good for people looking for work, but the strong report could complicate the Fed's effort to curb inflation.
