April Showers Means More Jobs for the Economy
If you were expecting a weak jobs report, this was the wrong first Friday of the month for you. U.S. Department of Labor says payrolls increased more than expected in April.
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Job Cuts Surge More Than 30% in 2019, but It’s Not All Bad News
American-based companies have announced job cuts of more than 230,000 through the first four months of 2019, up over 30% year over year. However, the cuts slowed in April.
Black Unemployment Rates at 76% Above National Average
The unemployment rate for black Americans in March was 76% higher than the 3.8% rate among all Americans and even worse when compared to white and Asian Americans.
Is This the Most Obscenely Overpaid CEO in America?
Being the CEO of a S&P 500 company in America is a pretty sweet deal: The average base salary for such a position is more than $10 million a year. Add in stock options…
March Payrolls and Unemployment Act as a Goldilocks Report for the Economy
It looks like the fears about the jobs market might have been misguided. The March payrolls gains were strong enough to support better growth without tipping the Federal Reserve's hand in either direction.
Black Americans Are More Likely to Be Unemployed Than Any Other Racial or Ethnic Group
The unemployment rate for African Americans during the fourth quarter of last year was the highest among all racial and ethnic groups, clocking in at more than double the rate for white or Asian…
Job Cuts in Q1 Hit 10-Year High
U.S. businesses cut more than 60,000 jobs in March, bringing the total for the first quarter to more than 190,000 jobs lost for the year to date. The first-quarter total is the highest in…
These 6 States Pay the Highest Minimum Wage, and It’s More Than Double the National Rate
As of last week, six states and the District of Columbia have enacted legislation raising the minimum wage to $15 an hour. The federal minimum wage has been stuck at $7.25 since 2009.
ADP Sets Stage for Another Weak Labor Department Jobs Report on Friday
Using the ADP report to predict the formal government payrolls data is not science. That said, it is frequently used for a directional indicator of the government report.
Is Automation Really Coming for Your Job?
A new study from the U.K.'s government statistics bureau indicates that the number of jobs at high risk of being automated is much lower than other studies have predicted.
More Evidence That Jobs Market Is Peaking
While the jobs market remains strong, there are some signals out there that the robust jobs market of the past two years is finally starting to see the beginnings of cooling off.
The Real Unemployment Rate Is Nearly Double What You Think
Economists worry that the country added only 20,000 jobs in February, well below the rate over the past two years. And the numbers do not really reflect how many Americans don't have jobs.
February Unemployment for One Large Group Hit 7%, Almost Double the National Figure
The unemployment rate among black Americans has risen to 7%, which is 86% above the national average.
Weak Payrolls May Have Issues Ahead Other Than Just Weaker Business Trends
Some reports from the U.S. Department of Labor show stronger than expected monthly payroll gains, while others do not. The case for February was the latter.
US Job Losses Topped 76,000 in February, Up 117%
The economy lost more than 76,000 jobs in February, over 110% higher than in the same month in 2017. It is another sign that the U.S. expansion, so robust for most of the years…