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What Happened: Despite the wave of omicron infections, the US economy added 467,000 jobs in January, an unexpected strong hiring gain for the month. Unemployment increased slightly to 4.0%, up from 3.9% last month Overall, economists say the US economy looks to be heading in the right direction despite the highest inflation rate in four decades. The FED announced earlier this month that it would raise interest rates starting in March to combat inflation. Photo Credit: Gerd Al

What Happened: According to a report released by the Labor Department on Thursday, 230,000 Americans claimed first-time jobless benefits over the last week, a 23,000 increase from the previous week and the highest number since mid-November, 2021. The weekly applications have risen over four of the last five weeks. Many economists believe that this increase is coinciding with the spread of the omicron variant of Covid-19. In total, 1.6 million collected unemployment aid for th

What Happened: According to the Labor Department, the US economy added a modest 199,000 jobs in December, demonstrating that employers are still having difficulty filling positions as many Americans continue to be reluctant to return to the workforce. Concerns over inflation, a labor shortage and yet another surge in Covid cases may have contributed to the sluggish growth. Despite some of these concerns, unemployment dropped down to 3.9%, the lowest it has been since the star

What Happened: According to the Labor Department, the US economy added 210,000 jobs in November, one of the weakest monthly gains over the last year and a steep drop-off after around 546,000 jobs were added in October. Concerns over inflation, a labor shortage and a still present pandemic may have contributed to the sluggish growth. Despite some of these concerns, unemployment dropped down to 4.2%, the lowest it has been since the start of the pandemic and 0.4% lower than las

What Happened: According to the Labor Department, the US economy added 194,000 jobs in September, well short of the 490,000 that were projected. Unemployment dropped down from 5.2% to 4.8% in September. Despite this positive trend, one of the reasons the rate fell was because 180,000 fewer people looked for work in September and therefore weren't counted as unemployed. Although the economy is showing some signs of recovering from the spread of the Delta variant, many employer

What Happened: According to a report released by the Labor Department on Thursday, 332,000 Americans claimed first-time jobless benefits over the last week, a 20,000 increase from the previous week. Despite the increase, the four-week average of jobless claims dropped for the fifth straight week to 336,000, a pandemic low. Last week, two federal unemployment aid programs expired ending unemployment benefits for over 8 million people. One of the programs provided aid to people

What Happened: According to the Labor Department, the US economy added 235,000 jobs in August, a steep drop-off after around 1 million jobs were added in June and July. Unemployment dropped down to 5.2% in August, giving another positive sign that the economy is in recovery despite this month's tepid jobs report. Although the spread of the Delta variant may have contributed to slowing job growth last month, the US economy still looks healthy and consumer spending is still tre

What Happened: According to a report released by the Labor Department on Thursday, 340,000 Americans claimed first-time jobless benefits over the last week, a 14,000 drop from the previous week and the lowest number since the start of the pandemic last year. The seasonally adjusted insured unemployment rate was 2.0 percent for the week ending Aug. 21, a decrease of 0.1 percent from the previous week and the lowest level for insured unemployment since March 14, 2020. Two feder

What Happened: According to the Labor Department, the US economy added 943,000 jobs in July, higher than the 860,000 jobs economists projected. Unemployment dropped down to 5.4% in July, giving another positive sign that the economy is in recovery. Despite the positive trends, economists are concerned with the threat of the highly contagious Delta variant of the Coronavirus and how that may affect the economy. Photo Credit: Gerd Altmann #newspura #justfactsnoopinions #jobsrep

What Happened: According to the Labor Department, the US economy added 850,000 jobs in June, higher than the 700,000 jobs economists projected. Unemployment remained about the same at 5.9% in June. Notable job gains occurred in leisure and hospitality, public and private education, professional and business services, retail trade, and other services. Economists are optimistic that the economy is strengthening and headed in the right direction. Despite some of the positive tre

What Happened: According to a report released by the Labor Department on Thursday, 364,000 Americans claimed first-time jobless benefits over the last week, a 51,000 drop from the previous week and the lowest number since the start of the pandemic last year. The report comes out one day before the much anticipated June Non-Farm Jobs Report which is expected to show a gain of roughly 700,000 new jobs and a slight decrease in the unemployment rate. Although analysts are hopeful

What Happened: According to a report released by the Labor Department on Thursday, 411,000 Americans claimed first-time jobless benefits over the last week, a slight 7,000 decrease from the previous week which had seen a surprise increase in applications for the first time in 6 weeks. The insured unemployment rate was 2.4% for the week ending June 12, a slight decrease of 0.1%. This is the lowest level for insured unemployment since March 21, 2020. Analysts are hopeful that t

What Happened: According to a report released by the Labor Department on Thursday, 412,000 Americans claimed first-time jobless benefits over the last week, a 37,000 increase from the previous week, which had been a pandemic low. Analysts were surprised at the increase as applications for unemployment aid had been dropping for six weeks straight and the job market has been showing signs of strengthening. Economists were expecting the number to be around 360,000 and that the

What Happened: According to the Labor Department, the US economy added only 559,000 jobs in May, less than the 675,000 jobs economists projected. Unemployment decreased slightly from 6.1% in April to 5.8% in May. Economists are optimistic that the reopening of the economy, the easing of safety restrictions and the drop in jobless claims shows that the economy is headed in the right direction. Despite some of the positive trends, this is the second month in which the jobs repo

What Happened: According to a report released by the Labor Department on Thursday, 406,000 Americans claimed first-time jobless benefits over the last week, a 38,000 drop from the previous week and the lowest number since the start of the pandemic last year. This is an encouraging sign that layoffs are slowing down because of an improving job market and that the economy is on a rebound. Despite the positive trends, some businesses are having difficulty finding applicants for

What Happened: According to a report released by the Labor Department on Thursday, 444,000 Americans claimed first-time jobless benefits over the last week, a 34,000 drop from the previous week and the lowest number since the start of the pandemic last year. Despite the lower than expected jobs report earlier this month, this is an encouraging sign that layoffs may be slowing down because of an improving job market. With the job market seemingly heading in the right directio

What Happened: According to the Labor Department, the US economy added only 266,000 jobs in April, far less than the 1 million jobs economists projected. Unemployment also rose slightly from 6% in March to 6.1% in April. Economists are still optimistic that the reopening of the economy, the easing of safety restrictions and the vaccine rollout will help bolster the economy and say that the drop in jobless claims shows that the economy is still heading in the right direction.

What Happened: According to a report released by the Labor Department on Thursday, 547,000 Americans claimed first-time jobless benefits over the last week, nearly a 30,000 drop from the previous week and the lowest number since the start of the pandemic last year. An encouraging sign that layoffs may be slowing down because of an improving job market. With the accelerated rollout of Covid-19 vaccinations, the passage of Biden's Covid-19 Relief Bill and a job market that has

What Happened: According to a report released by the Labor Department on Thursday, 576,000 Americans claimed first-time jobless benefits over the last week, nearly a 200,000 drop from the previous week and the lowest number since the start of the pandemic last year. With the accelerated rollout of Covid-19 vaccinations, the passage of Biden's Covid-19 Relief Bill and a job market that has been slowly strengthening, economists are hopeful that this is a sign of an improving ec

What Happened: According to a report released by the Labor Department on Thursday, 684,000 more Americans claimed first-time jobless benefits over the last week, the lowest number since the start of the pandemic last year and below the projected number of 735,000. With a decline in confirmed coronavirus cases, the passage of Biden's Covid-19 Relief Bill and a job market that has been slowly strengthening, economists are hopeful that this is a sign of an improving economy. Fou