Latest Employment figures News

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...

UK labor market weakening amid Brexit uncertainty

Oct. 15, 2019 10:17 AM EDT

LONDON (AP) — Brexit uncertainty appears to be finally affecting Britain's labor market, which has been resilient over the past three years in spite of a slowdown in economic growth. With the scheduled Brexit deadline of Oct. 31 looming, it's increasingly clear that firms are beginning to hold back on...

US consumer prices unchanged in September

Oct. 10, 2019 12:55 PM EDT

WASHINGTON (AP) — Overall consumer prices were unchanged in September as a big decline in energy costs offset small gains in other areas. The flat reading in the Consumer Price Index for September followed a tiny 0.1% August increase and left prices over the past 12 months rising at a modest annual rate of...

US job openings slip 1.7% in August as labor market slows

Oct. 9, 2019 11:22 AM EDT

WASHINGTON (AP) — U.S. job openings fell 1.7% in August and hires edged down, bolstering views that the labor market may lose momentum as economic uncertainty and a manufacturing recession squeeze employers. The Labor Department says employers advertised 7.1 million available jobs in August, down from 7.2...

Powell sees cooler US hiring in possible hint of rate cuts

Oct. 8, 2019 5:05 PM EDT

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that U.S. job growth since early last year was not as robust as thought, a hint that the Fed may be ready to keep cutting interest rates to support the economy. Powell also said the Fed will soon announce plans to buy Treasurys, likely...

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...

Asian shares rise despite worries on US-China talks

Oct. 7, 2019 11:32 PM EDT

TOKYO (AP) — Asian shares rose Tuesday despite continuing worries about the health of the global economy ahead of trade talks between the U.S. and China. Japan's benchmark Nikkei 225 gained 1.1% to 21,604.16 in early trading. Australia's S&P/ASX 200 added nearly 0.6% to 6,599.60, while South Korea's...

Global shares mixed with all eyes on China trade talks

Oct. 7, 2019 7:38 AM EDT

TOKYO (AP) — Global stock markets were mixed on Monday as investors cautiously awaited the outcome of trade talks between the U.S. and China. Shares in Asia closed mostly lower and Wall Street appeared headed for a drop on the open. U.S. futures pointed to early losses with the contract for the Dow Jones...

Asian shares mixed on US jobs, eyes on China trade talks

Oct. 7, 2019 12:08 AM EDT

TOKYO (AP) — Asian shares were mixed Monday, following a reassuring report on U.S. jobs, while investors cautiously awaited the upcoming trade talks between the U.S. and China. Japan's benchmark Nikkei 225 shed 0.2% to 21,358.56. Australia's S&P/ASX 200 rose 0.5% to 6,551.40, while South Korea's Kospi...

US stocks notch solid gains as job report allays worries

Oct. 4, 2019 5:19 PM EDT

Wall Street ended a choppy week of trading with a broad rally that drove the Dow Jones Industrial Average more than 370 points higher. The gains Friday also gave the S&P 500 index its best day in seven weeks, though the benchmark index still finished with its third straight weekly loss. Technology, health...