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The economist who was off by 1.8 million in Friday"s jobs report explains why she"s doubling down on her call for stellar job growth
Labor shortages likely played a sizable role slowing job growth, but "I'm not quite ready to throw in the towel yet," Aneta Mar.....»»
4 possible explanations for the shocking decline in new jobs
April's jobs report badly missed the forecast of 1 million payroll additions, coming in at just 266,000. It's such a big miss experts are scrambling. A "help wanted" sign hangs on a window of a.....»»
Economic Report: A jobs report whodunit: The prime suspects for weak hiring gains in April
How did Wall Street turn out to be so wrong about its forecast for 1 million new jobs in April? Here are the suspects......»»
Bond Report: 10-year Treasury yield falls below 1.50% on weak U.S. jobs report, then bounces back
U.S. Treasury yields were bouncing off their lows on Friday after a jobs report came in well below expectations, drawing puzzlement from analysts who had predicted the U.S. economy would add a million new jobs in April......»»
Economic Report: A million new jobs? That’s how many Wall Street thinks the U.S. created in April
The U.S. might have created a million jobs in April --- or more --- as the economic recovery spread across the country and reached businesses that suffered the most in the first year of the pandemic......»»
Over 8 Million Jobs Below Pre-COVID Levels: ADP Employment Data Disappoints In April
Over 8 Million Jobs Below Pre-COVID Levels: ADP Employment Data Disappoints In April After a notable disappointment in the last two months, ADP's National Employment report was expected to print a very positive 850k ad.....»»
Lite-On Technology sees record net profit in 1Q21
Lite-On Technology released financial report for the first quarter of 2021, with net profit reaching NT$4.263 billion (US$150 million), the historically highest quarterly level......»»
Southwest Airlines post $116 million profit, thanks in part to COVID-19 bailout. ‘We believe the worst is behind us.’
Southwest Airlines is the first major U.S. airline to report a profit since the pandemic started, as federal payroll aid helped boost the .....»»
Economic Report: Unemployment applications fall below 1 million for first since pandemic, but it’s no time to celebrate
The number of Americans losing their jobs each week appears to have fallen to a pandemic low, but it's no time to start popping champagne corks......»»
After a year, Kansas City metro is still down 46,500 jobs
The Kansas City metro is down more than 46,000 jobs in a year, an unemployment report [PDF] released Wednesday shows. Kansas City counted 1.06 million nonfarm jobs in February, off from 1.11 million in the same month last year, the Missouri Econ.....»»
NE Ohio added most new jobs in a single year in 2020, report says
The region created 8,528 jobs worth payroll of $449.1 million last year, according to TeamNeo's annual report......»»
Economic Report: Hiring sank in December to cap off worst year for U.S. labor market since 2009
Businesses sharply cut back on the number of people they hired at the end of 2020, a new survey shows, with most of the decline at restaurants, hotels and other companies hurt most by the coronavirus. The U.S. lost a net 5.5 million jobs in 2020......»»
CBO report finds $15 minimum wage increase would lower poverty levels but reduce jobs by 1.4 million
Congress is divided over .....»»
S&P 500, Nasdaq close at record highs as $1.9 trillion stimulus package works its way through Congress
US stocks closed at record highs as a stronger than expected jobs report sets the stage for a swift passage of President Biden's stimulus proposal. Trader works at the New York Stock Exchange Reuters US stocks gained on Friday, with the S&P.....»»
BP lost $5.7 billion in 2020, its first annual loss in 10 years, as oil and gas demand slumped during the pandemic
BP reported a profit of $115 million in the last quarter of 2020, falling short of analysts' estimates. BP gas station in SOUTHGATE, MICHIGAN Gregory Shamus/Getty Images BP report.....»»
Economic Report: Restaurants lose 372,000 jobs in another crushing blow from the coronavirus across U.S.
Bars and restaurants got crushed again in December after the biggest coronavirus outbreak yet. Eating and drinking establishments lost 372,000 jobs last month, marking the first decline since April when they laid off a whopping 5.4 million people......»»
81 million jobs lost in Asia-Pacific amid COVID-19, says ILO
The coronavirus pandemic has taken a heavy toll on the job market in the Asia-Pacific region, with an estimated 81 million jobs lost in 2020, according to a new report from the Intenational Labor Organization (ILO)......»»
Opioid industry paid non-profit groups $65 million to boost pill sales, Senate report finds
Key players in the nation’s .....»»
Economic Report: Almost 37 million Americans have applied for jobless benefits, but it appears less than two-thirds are getting them
We still don’t know how many Americans are getting unemployment benefits after losing their jobs in the coronavirus crisis, but it’s probably fewer than two-thirds of the nearly 37 million who have applied......»»
After a horrific month in which nearly 21 million Americans lost their jobs, why is the stock market still going up?
Lucas Jackson/Reuters Friday's jobs report showed that more than 20 million Americans lost their j.....»»