Latest Employment figures News

US stocks gain ground while bond market signals caution

Jul. 07, 2022 10:47 AM EDT

NEW YORK (AP) — Stocks rose broadly in early trading Thursday, putting major indexes on track for weekly gains. The S&P 500 rose 0.9% as of 10:19 a.m. Eastern. The Dow Jones Industrial Average rose 156 points, or 0.5%, to 31,189 and the Nasdaq rose 1.5%. ...

Retailers scale back hiring as worry about a slowdown grows

Jul. 07, 2022 10:14 AM EDT

NEW YORK (AP) — After going on a frenzied hiring spree for a year and a half to meet surging shopper demand, America's retailers are starting to temper their recruiting. The changing mindset comes as companies confront a pullback in consumer spending, the prospect of an economic...

U.S. jobless claims rise to 235k, most in nearly six months

Jul. 07, 2022 09:25 AM EDT

WASHINGTON (AP) — More Americans applied for unemployment benefits last week and while layoffs remain low, it was the fifth consecutive week that claims topped the 230,000 mark and the most in almost six months. Applications for jobless aid for the week ending July 2 rose to...

US job openings slip, but employment landscape remains solid

Jul. 06, 2022 11:00 AM EDT

WASHINGTON (AP) — U.S. employers advertised fewer jobs in May amid signs that the economy is weakening, though the overall demand for workers remained strong. Employers posted 11.3 million job openings at the end of May, the Labor Department said Wednesday, down from nearly 11.7...

This Week: Fed minutes, Levi Strauss earns, jobs report

Jul. 04, 2022 01:04 AM EDT

A look at some of the key business events and economic indicators upcoming this week: CLOSE-UP ON THE FED The Federal Reserve serves up the minutes from its most recent interest rate policy meeting Wednesday. At the meeting last month, the central bank...

Cyberattack disrupts unemployment benefits in some states

Jun. 30, 2022 13:41 PM EDT

NASHVILLE, Tenn. (AP) — A cyberattack on a software company has disrupted unemployment benefits and job seeking assistance for thousands of people in several states. In Tennessee, the website for unemployment benefits remained down Thursday morning after the vendor, Geographic...

Slightly fewer Americans apply for jobless claims last week

Jun. 30, 2022 08:41 AM EDT

WASHINGTON (AP) — Slightly fewer Americans applied for unemployment benefits last week, reflecting a robust job market despite rising job cuts in some sectors of the economy that have cooled in recent months. Applications for jobless aid for the week ending June 25 ticked down to...

Powell: 'No guarantee' Fed can tame inflation, spare jobs

Jun. 29, 2022 12:28 PM EDT

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said there's “no guarantee'' the central bank can tame runaway inflation without hurting the job market. Speaking Wednesday at a European Central Bank forum in Sintra, Portugal, Powell repeated his hope that the Fed can...

Kentucky governor declares emergency over high gas prices

Jun. 23, 2022 20:37 PM EDT

FRANKFORT, Ky. (AP) — Gov. Andy Beshear took action Thursday to combat any signs of price gouging at the pump, touting it as a consumer protection measure amid sky-high gas prices straining Kentuckians' budgets. The Democratic governor signed an executive order declaring a state of...

Fewer Americans file for jobless aid

Jun. 23, 2022 08:47 AM EDT

WASHINGTON (AP) — Fewer Americans applied for jobless benefits last week as the U.S. job market remains robust despite four-decade high inflation and a myriad of other economic pressures. Applications for jobless aid for the week ending June 18 fell to 229,000, a decline of 2,000...