Tag Archives: unemployment report

Alas, The Recovery That Was…

Financial FAQs Reuters.com Because the deadline has passed to renew unemployment benefits enacted by the CARES Act, it looks like there will be no quick economic recovery in the fall. I am supposing the recovery could ultimately be shaped like … Continue reading

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Why the Uneven Recovery?

Financial FAQs Wrightson.com Consumer confidence is returning from its recent lows over the past two months with it main index up 12.1 points for a 3-month high in May as the lockdowns ease in some states, said the Conference Board … Continue reading

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The Recession Has Arrived, No Big Surprise!

Financial FAQs The Dow plunged 1,862 points on Thursday, as the Business Cycle Dating Committee of the National Bureau of Economic Research, which maintains a chronology of the peaks and troughs in economic activity in the United States, had just … Continue reading

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May Employment Rise is Big Surprise!

Financial FAQs MarketWatch.com What happened? American workers are suddenly going back on the job; at least 2.5 million of them, according to the Labor Department. That knocks down the number of unemployed to maybe 20 million, and surprised economists. A … Continue reading

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Consumer Sentiment in the Dumps

Financial FAQs MarketWatch Consumer sentiment is plunging.  And why not? With an additional 6.6 million initial unemployment compensation claims this week, it brings the total in just the past three weeks to 16.8 million since the COVID-19 national lockdown of … Continue reading

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U.S. Loses 701,000 Jobs in March

Financial FAQs MarketWatch Total nonfarm payroll employment fell by 701,000 in March, and the unemployment rate rose to 4.4 percent, the U.S. Bureau of Labor Statistics reported today. The changes in these measures reflect the effects of the coronavirus (COVID-19) … Continue reading

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Who Is Fully Employed in January?

Financial FAQs MarketWatch It looks like everyone is employed in the service sector, but manufacturing is sputtering. There were 44,000 new construction jobs and a whopping 72,000 in Education and health services. But manufacturing lost another 12,000 jobs in January; … Continue reading

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December Job Formation Slipping

Popular Economics Weekly MarketWatch This MarketWatch graph gives an instant picture of December payroll formation. The consumer-driven service sector is booming with more than 154,000 nonfarm payroll jobs created in December, but 19,000 jobs were lost in the Mining and … Continue reading

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Big November Employment Boost

Financial FAQs MarketWatch.com Total nonfarm payroll employment rose by 266,000 in November, and the unemployment rate was little changed at 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in health care and in professional … Continue reading

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October Employment No Big Deal

Popular Economics Weekly MarketWatch.com Total nonfarm payroll employment rose by 128,000 in October, and the unemployment rate was little changed at 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in food services and drinking … Continue reading

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