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.
The Federal Reserve is preparing to raise interest rates sooner and — perhaps — more aggressively after inflation reached the highest in nearly 40 years.
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.
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.
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.
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%.
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.
Georgia’s health insurance exchange is offering more and lower-priced insurance plans. That means more help for those affected by the coronavirus pandemic. But the deadline to enroll is almost here. GPB’s Ellen Eldridge reports.
As the U.S. economy continues to rebound from the pandemic recession, lots of people are going back to work — but not as quickly as many employers would like. Employers added 943,00 jobs in June.
Starting July 4, unemployed Georgians will have to submit evidence they’re looking for work to the state Department of Labor. Reinstatement of the work search requirement comes as Georgia ends its participation in the various pandemic-related federal unemployment insurance programs Congress has passed during the last 15 months.
