Latest Unemployment News

The Latest: Powell sees job participation as major problem

Nov. 13, 2019 12:09 PM EST

WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell’s testimony before the Joint Economic Committee about the outlook for the U.S. economy (all times local): ___ 11:55 a.m. Federal Reserve Chairman Jerome Powell says two major long-term issues facing the U.S. economy are sluggish...

US economy defies threats with a solid job gain for October

Nov. 1, 2019 4:21 PM EDT

WASHINGTON (AP) — A solid October jobs report on Friday spotlighted the surprising durability of the U.S. economy in the face of persistent trade conflicts and a global slowdown. The economy managed to add 128,000 jobs last month even though tens of thousands of workers were temporarily counted as...

California unemployment rate falls to record low of 4%

Oct. 18, 2019 7:50 PM EDT

SAN FRANCISCO (AP) — California's economy kept humming in September, dropping the unemployment rate to a record low 4% statewide and under 2% in San Francisco and some of its neighboring counties, a level that economists once thought impossible. "That is almost unthinkable," said Sung Won Sohn, professor...

Fed's odd dilemma: Low unemployment but pressure to do more

Oct. 8, 2019 6:42 AM EDT

WASHINGTON (AP) — With the nation's unemployment rate at its lowest point since human beings first walked on the moon, you might expect the Federal Reserve to be raising interest rates to keep the economy from overheating and igniting inflation. That's what the rules of economics would suggest. Yet the Fed...

US unemployment rate hits a 50-year low even as hiring slows

Oct. 4, 2019 3:11 PM EDT

WASHINGTON (AP) — The U.S. unemployment rate fell to 3.5% in September, the lowest level in nearly five decades, even though employers appeared to turn more cautious and slowed their hiring. The economy added a modest 136,000 jobs, enough to likely ease worries that an economy weakened by the U.S.-China...

The Latest: US jobless rate fell to 50-year low of 3.5%

Oct. 4, 2019 8:32 AM EDT

WASHINGTON (AP) — The Latest on the September U.S. jobs report (all times local): 8:30 a.m. The U.S. unemployment rate fell in September to a new five-decade low of 3.5%, while employers added a modest 136,000 jobs. The Labor Department says that despite the ultra-low unemployment rate, which was down from...

Australia cuts key interest rate to record low 0.75%

Oct. 1, 2019 2:35 AM EDT

CANBERRA, Australia (AP) — Australia's central bank on Tuesday cut its benchmark interest rate by a quarter of a percentage point for the third time since June to a new record low of 0.75%, seeking to boost a flagging economy. The cut follows reductions at the Reserve Bank of Australia board's monthly...

Eurozone unemployment falls to lowest rate since May 2008

Sep. 30, 2019 7:37 AM EDT

BRUSSELS (AP) — Official figures show that the unemployment rate across the 19-country eurozone fell in August to its lowest rate since May 2008. Eurostat, the European Union's statistics agency, said Monday that the eurozone's jobless rate declined to 7.4% in August from 7.5% the month before. There were...

German jobless rate slips to 4.9% in September

Sep. 30, 2019 4:39 AM EDT

BERLIN (AP) — Germany's unemployment rate slid to 4.9% in September, helped by a traditional uppick in hiring after the summer vacation. The Federal Labor Agency said Monday that the unadjusted jobless rate — the headline figure in Germany — declined from 5.1% in August. Some 2.234 million...