Latest Unemployment News

US firms keep hiring, easing worries of weakening economy

Dec. 6, 2019 5:45 PM EST

WASHINGTON (AP) — American businesses have complained for years that they can’t find the workers they need to fill available jobs. November’s robust hiring gain suggests that at least some have found a way to do so. With the unemployment rate now at a half-century low of 3.5%, many economists...

US jobs data to give clues to economy amid trade uncertainty

Dec. 6, 2019 7:57 AM EST

WASHINGTON (AP) — Friday’s November jobs report will provide insight into whether steady hiring remains a source of strength for the U.S. economy even as the Trump administration’s trade conflicts have heightened uncertainties for employers. Economists have forecast that the government will...

How a central banker’s low-rate shift showed the way for Fed

Nov. 29, 2019 11:17 AM EST

RICHMOND, Virginia (AP) — In mid-2016, even with unemployment falling and the economy growing modestly, James Bullard, head of the St. Louis Federal Reserve Bank, was concerned. Months earlier, with Bullard’s support, the Fed had raised rates for the first time in seven years. Panicky financial...

Eurozone unemployment’s falls to lowest rate since July 2008

Nov. 29, 2019 5:50 AM EST

LONDON (AP) — Unemployment across the 19-country eurozone has fallen to its lowest rate since July 2008 even though growth is cooling in the face of headwinds like the U.S.-China trade war and uncertainty related to Britain’s departure from the European Union. The European Union’s statistics...

German jobless rate stays at 4.8% despite lackluster economy

Nov. 29, 2019 4:50 AM EST

BERLIN (AP) — Germany's unemployment rate was static at 4.8% in November as the labor market remained robust despite the lackluster performance of Europe’s biggest economy. The Federal Labor Agency said Friday some 2.18 million people were registered as unemployed, 24,000 fewer than the previous...

Jerome meets Jasmine: Fed chief observes economic struggles

Nov. 25, 2019 4:10 PM EST

EAST HARTFORD, Connecticut (AP) — Federal Reserve Chairman Jerome Powell normally spends his days in the marble halls of Washington, meeting with senators and Fed economists. On Monday, he learned about the job market from an 18-year-old named Jasmine. A recent high school graduate, Jasmine Ayala explained...

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...