Latest Employment figures News

In this 2018 photo provided by PNC Gus Faucher poses for a photo. In this high-profile election year, the U.S. economy boasts an unemployment rate that is near its lowest level in a half-century. But economic growth has been slowing. And some economists say the expansion may be vulnerable to risks ranging from the U.S.-China trade war to China's deadly viral outbreak. To try to gauge what the future may hold, The Associated Press spoke recently with Faucher.  (PNC via AP)

View of a longtime economist: Slower growth but no recession

Feb. 23, 2020 10:30 AM EST

WASHINGTON (AP) — In this high-profile election year, the U.S. economy boasts an unemployment rate that is near its lowest level in a half-century. But economic growth has been slowing. And some economists say the expansion may be vulnerable to risks ranging from the U.S.-China trade war to China's deadly...

President Donald Trump speaks at a campaign rally Wednesday, Feb. 19, 2020 in Phoenix. (AP Photo/Rick Scuteri)

WH report says economy accelerated under Trump

Feb. 20, 2020 9:01 AM EST

WASHINGTON (AP) — A new White House report says the U.S. economy is growing faster than expected, even though the annual gains of 3% that President Donald Trump promised to voters have yet to be achieved. The annual economic report of the president released Thursday said the economy added more jobs,...

FILE - In this May 4, 2018, file photo, a man walks past a branch of HSBC bank in Hong Kong. Europe's biggest bank has reported that its net profit fell 53% in 2019 to $6 billion. London-based HSBC, whose profit is mainly from Asia, said it plans to revamp its U.S. and European business and shed $100 billion in assets to improve its profitability.  (AP Photo/Kin Cheung, File)

HSBC cuts headcount by 35,000 in deep overhaul

Feb. 18, 2020 8:51 AM EST

LONDON (AP) — Europe's biggest bank, HSBC, will shed some 35,000 jobs as part of an overhaul to focus on faster-growing markets in Asia and as it tries to cope with a slew of global uncertainties, from Brexit to the trade wars to the new coronavirus. The interim chief executive, Noel Quinn, said Tuesday...

President Donald Trump's nominee to the Federal Reserve, Judy Shelton, appears before the Senate Banking Committee for a confirmation hearing, on Capitol Hill in Washington, Thursday, Feb. 13, 2020. (AP Photo/J. Scott Applewhite)

Trump Fed nominee Shelton faces skepticism at Senate hearing

Feb. 13, 2020 7:06 PM EST

WASHINGTON (AP) — One of President Donald Trump's nominees for the Federal Reserve came under sharp questioning Thursday from senators over her unorthodox economic views, including from two Republicans whose doubts about her nomination could imperil it. The nominee, Judy Shelton, sought to make her...

Senate Banking Committee Chairman Sen. Mike Crapo, R-Idaho, left, talks with ranking member Sen. Sherrod Brown, D-Ohio, right, during a hearing with Federal Reserve Chairman Jerome Powell on Capitol Hill in Washington, Wednesday, Feb. 12, 2020. (AP Photo/Susan Walsh)

A Trump Fed choice faces Senate scrutiny over policy views

Feb. 13, 2020 12:01 AM EST

WASHINGTON (AP) — One of President Donald Trump's nominees for the Federal Reserve will likely face skeptical questioning from a Senate committee Thursday over her unconventional economic views. Trump has nominated Judy Shelton for the Fed's Board of Governors, a position with significant influence over...

Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee on Capitol Hill in Washington, Wednesday, Feb. 12, 2020, during a hearing on the Monetary Policy Report. (AP Photo/Susan Walsh)

Powell hears bipartisan Senate support for Fed independence

Feb. 12, 2020 2:14 PM EST

WASHINGTON (AP) — Republican and Democratic senators voiced strong support for an independent Federal Reserve during a hearing with Fed Chair Jerome Powell, one day after President Donald Trump launched another attack directed at Powell on Twitter. “Stay independent,” Sen. John Kennedy, a...

In this, Wednesday, Feb. 5, 2020 photo a worker sorts through tomatoes after they are washed before being inspected and packed, in Florida City, Fla. A Florida bill mandating that private companies verify each new hire's eligibility to work in the U.S. is worrying farmers in the agriculture-rich state. The growers complain they are struggling to find farm workers as the unemployment rate reaches record lows. (AP Photo/Wilfredo Lee)

Farmers worry Florida bill will worsen labor scarcity woes

Feb. 11, 2020 7:28 PM EST

FLORIDA CITY, Fla. (AP) — On a recent afternoon, many stools stood empty beside a conveyor belt where workers examined a stream of green tomatoes and tossed aside those with holes and cracks at a South Florida packing house. Paul J. DiMare, one of the country’s leading producers of fresh tomatoes,...

FILE - In this Sept. 18, 2019, file photo people stand in line to inquire about jobs available at the Bean Automotive Group during a job fair designed for people fifty years or older in Miami. On Tuesday, Feb. 11, 2020, the Labor Department reports on job openings and labor turnover for December. (AP Photo/Lynne Sladky, File)

US open jobs fall sharply for 2nd straight month

Feb. 11, 2020 11:14 AM EST

WASHINGTON (AP) — U.S. businesses sharply cut the number of jobs they advertised in December for the second straight month, an unusual sign of weakness in an otherwise healthy job market. The number of available positions dropped 5.4% to 6.4 million, a historically solid number, the Labor Department said...

This Week: Job openings, PepsiCo earns, US retail sales

Feb. 10, 2020 1:00 AM EST

A look at some of the key business events and economic indicators upcoming this week: IN A HIRING MOOD New Labor Department data should provide insight into employers' demand for workers. The last Job Openings and Labor Turnover Survey showed the number of available jobs fell 7.6% in November from the previous...

FILE - In this Oct. 1, 2019, file photo, Gory Rodriguez, of Starbucks, right, interviews a job applicant during a job fair at Dolphin Mall in Miami. The January U.S. jobs report on Friday, Feb. 7, 2020, may provide timely evidence of the U.S. economy's enduring health. (AP Photo/Lynne Sladky, File)

Healthy US job market: How big a political edge for Trump?

Feb. 7, 2020 5:12 PM EST

WASHINGTON (AP) — U.S. hiring jumped last month, and many more people were encouraged to look for work, showing that the economy remains robust despite threats from China’s viral outbreak, an ongoing trade war and struggles at Boeing. The strong job growth gives President Donald Trump more evidence...