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News Articles: Unemployment

A 'now hiring' sign is displayed outside of a Burlington Coat Factory retail store in downtown Los Angeles on March 11.

Tagged as: 

  • Economy

The job market stays red-hot with the unemployment rate near a pre-pandemic low

U.S. employers added 390,000 jobs in May as the labor market stays hot. The unemployment rate held steady at 3.6%.

June 03, 2022
|
By:
  • Scott Horsley
Pedestrians walk past a Now Hiring sign in Arlington, Va., on March 16.

Tagged as: 

  • Economy

The U.S. jobs market continues its strong comeback from the pandemic

U.S. employers added 428,000 jobs in April, as the unemployment rate held steady at 3.6%.

May 06, 2022
|
By:
  • Scott Horsley
Employers are boosting wages to recruit workers as staffing shortages continue to linger. That's raising the prospect of continued high inflation and aggressive interest rate hikes from the Federal Reserve.

Tagged as: 

  • Economy

Why there are growing fears the U.S. is headed to a recession

With inflation at a four-decade high, a growing number of forecasters worry the U.S. economy may be headed to a recession as the Fed gears up to raise interest rates aggressively.

April 13, 2022
|
By:
  • Scott Horsley
Signs with the message 'Now Hiring' are displayed in front of restaurants in Rehoboth Beach, Delaware, on March 19.

Tagged as: 

  • Economy

Employers continue hiring spree even as war in Ukraine ratchets up economic fears

U.S. employers added 431,000 jobs in March, as the unemployment rate fell to 3.6% from 3.8% in February. The tight job market is putting upward pressure on both wages and prices.

April 01, 2022
|
By:
  • Scott Horsley
A mob set this train car afire as they protested railway jobs that set increasingly demanding requirements, shutting out many applicants. What the media called a "job riot" took place in Gaya in the northeast Indian state of Bihar on Jan. 26.

Tagged as: 

  • Global Health

This burning train is a symbol of the anger of India's out-of-work youth

The country is in the midst of a job crisis. The rate of unemployment is about 13% among educated youth. Those who work in the informal sector vie for jobs with no security. Why are things so bad?

March 16, 2022
|
By:
  • Raksha Kumar
A hiring sign is posted outside a business in Huntingdon Valley, Pa., on Feb. 22. Employers are keen for workers as the economy continues to recover from the pandemic.

Tagged as: 

  • Economy

The U.S. added 678,000 jobs in February. It's another sign of a hot labor market

U.S. employers added 678,000 jobs in February as the unemployment rate fell to 3.8%, from 4% in January. The Federal Reserve hopes to curb inflation without stalling job growth.

March 04, 2022
|
By:
  • Scott Horsley
A man wearing a face mask walks past a "Now Hiring" sign in front of a store on Jan. 13, in Arlington, Va. The labor market is showing resilience despite a recent spike in omicron-related coronavirus infections.

Tagged as: 

  • Economy

In a big surprise, the job market surged in January even as omicron cases spiked

U.S. employers added 467,000 jobs last month despite a surge of coronavirus infections. The unemployment rose to 4% from 3.9% in December.

February 04, 2022
|
By:
  • Scott Horsley
People shop in The Galleria mall in Houston during Black Friday on Nov. 26, 2021. The economy grew strongly last year but at an uneven pace because of the pandemic.

Tagged as: 

  • Economy

Believe it or not, the economy grew last year at the fastest pace since 1984

The U.S. economy grew last year at the fastest pace since 1984, but growth was tempered by successive waves of the pandemic.

January 27, 2022
|
By:
  • Scott Horsley
Federal Reserve Chair Jerome Powell listens during his renomination hearing with the Senate Banking Committee on Jan. 11. The Fed is planning to become more aggressive in fighting inflation.

Tagged as: 

  • Economy

Game time: The Fed unveils a tougher plan to fight stubbornly high inflation

The Federal Reserve is preparing to raise interest rates sooner and — perhaps — more aggressively after inflation reached the highest in nearly 40 years.

January 26, 2022
|
By:
  • Scott Horsley
An employee at a restaurant in Chagrin Falls, Ohio, puts up a sign on June 3, 2021, looking for workers with the promise of free food for new hires.

Tagged as: 

  • Economy

Employers added only 199,000 jobs in December even before omicron started to surge

U.S. employers added 199,000 jobs in December as the unemployment rate fell to 3.9%, marking a second consecutive month of disappointing numbers.

January 07, 2022
|
By:
  • Scott Horsley
A Gap store in Farmington Hills, Mich., was closed by COVID-19 outbreak in March 2020. Thousands of people were left without jobs and dependent on unemployment benefits; unfortunately, some people took advantage of the system.

Tagged as: 

  • Law

Michigan paid up to $8.5 billion in fraudulent jobless claims during the pandemic

Other states have reported similar losses. Ohio reported it paid out more than $3.8 billion in fraudulent jobless aid. California has paid out at least $20 billion.

December 30, 2021
|
By:
  • Jaclyn Diaz
Restaurants, like this McDonald's in Miami Beach, Fla., have been big engines of job growth.

Tagged as: 

  • Economy

Hiring slowed sharply in November, even before omicron, with 210,000 jobs added

Hiring slowed sharply last month, even as the unemployment rate fell to 4.2%. Data from the Labor Department suggest the economy was losing steam even before the appearance of a new COVID-19 variant.

December 03, 2021
|
By:
  • Scott Horsley
A man fills out an application at a booth at the Employers Only Long Island Food, Beverage and Hospitality Job Fair on Oct. 19 in Melville, N.Y. Employers added 531,000 jobs in October, marking a recovery after two months of weaker job growth.

Tagged as: 

  • Economy

The labor market is back on track after 531,000 jobs were added in October

U.S. employers added 531,000 new jobs as the unemployment rate fell to 4.6%. Millions of would-be workers are still on the sidelines, though, leaving the pace of the recovery in doubt.

November 05, 2021
|
By:
  • Scott Horsley
The unemployment rate dipped to 4.8% in September, from 5.2% in August, although some of that decline resulted from people dropping out of the workforce.

Tagged as: 

  • Economy

August's jobs numbers were bad. September was even worse, but there's room for hope

The Labor Department says the U.S. added just 194,000 jobs last month, even lower than the lackluster showing in August. The unemployment rate fell to 4.8%.

October 08, 2021
|
By:
  • Scott Horsley
A hiring sign gets displayed in a store window in New York City in August. Last month saw a sharp slowdown in hiring from previous months as the pandemic wears on and creates uncertainty.

Tagged as: 

  • Economy

U.S. Hiring Slows Sharply As Latest Coronavirus Surge Slams The Brakes On The Economy

Hiring slowed in August as a surge in new coronavirus infections weighed on the economic recovery. Employers added just 235,000 jobs last month, a sharp drop from June and July.

September 03, 2021
|
By:
  • Scott Horsley
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