Youth unemployment in China has hit a new record high as the country’s post-pandemic recovery falters. The jobless rate of 16 to 24 year olds in urban areas rose to 21.3% last month, official figures show. It comes as the world’s second largest economy grew just 0.8% in the three months to the end of […]
Tag: unemployment
90% of rise in unemployment attributed to Black workers.
The unemployment rate for African Americans jumped for a second straight month in June as workers left the workforce amid early signs of a cooling labor market. That cooling has been uneven: The number of unemployed African Americans has increased by 267,000 since April, meaning they account for close to 90% of the 300,000 increase […]
Majority of high school grads say no to college
The majority of high school graduates are either uncertain about their plans or don’t have any plans to further their education, according to a new study for the Bill & Melinda Gates Foundation. That leaves just 46% of high school graduates who say they definitely plan on going to college or finishing their degree, the […]
Welfare outpaces median income in some states
The labor force participation rate was 62.1% last month, notably lower than the 63.4% mark it was at before the coronavirus pandemic struck the United States in March 2020. There are numerous reasons that unemployed Americans aren’t entering the workforce, including ongoing fears of COVID-19, disabilities such as “long COVID,” and other care responsibilities. One […]
US jobs growth slows in August
US employers added 315,000 new jobs in August, far fewer than in July, as fears rise that the labour market is heading for a slowdown. The jobless rate rose to 3.7% from 3.5%, according to the figures from the US Labor Department. The report comes on the back of recent data which showed the world’s […]
In economic views, Americans believe inflation outweighs jobs
This week’s positive jobs report and the stronger employment rate aren’t entirely lost on Americans — just outweighed when they rate the economy. Many do say the job market is good and that jobs have increased over the last year – but it’s still inflation driving views, and even those who say the job market […]
National Unemployment Dips To 5.8%
Economists had expected roughly 671,000 new jobs, a significant step up from April’s disappointing 266,000. The unemployment rate fell to 5.8 percent, from 6.1 percent the previous month. The latest figures point to a steadily improving labor market, though one that’s not recovering as quickly as the administration would like. There were 9.3 million unemployed […]
US Economy Adds 1.8 Million Jobs, Unemployment 10.2%
The U.S. gained 1.8 million jobs in July as rising coronavirus cases across much of the country hindered the economic rebound from the first wave of the pandemic, the Labor Department reported Friday. The unemployment rate fell to 10.2 percent in July from 11.1 percent in June, according to the July jobs report, as the […]
209,000 Jobs Added In Month Of July, Well Above Projections
The U.S. economy continued a strong summer, adding 209,000 jobs in July while the unemployment rate fell to 4.3 percent, the lowest since March 2001, according to a government report Friday. Economists surveyed by Reuters had expected the report to show growth of 183,000; the unemployment rate met expectations. A more encompassing rate that includes […]
May Jobs Report: 138,000 Jobs Up, Unemployment Down
The U.S. economy added 138,000 jobs in May, according to the monthly jobs report released by the Bureau of Labor Statistics on Friday morning. The national unemployment rate nudged lower, to 4.3 percent from 4.4 percent — a 16-year low. The 4.4 percent level had been the lowest since since 2007, before the recession hit. […]
Unemployment rate dropped to 4.6%; Adds 178k jobs in November
The U.S. economy added 178,000 jobs in November, while the unemployment rate fell to 4.6 percent, a level not seen since August 2007, according to government data released Friday morning. The first employment report since voters went to the polls last month shows an economy in strong shape as President-elect Donald Trump prepares to take office. “It looks […]
October adds 161,000 jobs as unemployment rate dips to 4.9 percent
The U.S. labor market continues to show signs of gradual strengthening, with newly released government data showing the economy added 161,000 jobs last month. Annual wage growth surged to levels not seen since the financial crisis, while the unemployment rate dipped to 4.9 percent in October from 5 percent the previous month. While monthly job gains for October […]