Latest Labor economy News

Signs of recession worry Trump ahead of 2020

Aug. 17, 2019 6:29 AM EDT

WASHINGTON (AP) — President Donald Trump is warning of an economic crash if he loses reelection, arguing that even voters who personally dislike him should base their ballots on the nation's strong growth and low unemployment rate. But privately, Trump is growing increasingly worried the economy won't look...

California's 113-month job growth ties record set in 1960s

Aug. 16, 2019 6:11 PM EDT

SACRAMENTO, Calif. (AP) — California's job growth is now in its 113th month, tying the expansion of the 1960s as the longest on record as the world's fifth largest economy continues its recovery from the Great Recession, officials announced Friday. The country's most populous state needs between 8,000 and...

Unemployment rate dips to 3 percent in Maine

Aug. 16, 2019 12:17 PM EDT

AUGUSTA, Maine (AP) — The Maine Department of Labor says the state's unemployment rate dipped to a record low based on preliminary figures for July. Officials say the seasonally adjusted rate was 3%. That would be a record unless the final, official figure is adjusted. July's preliminary unemployment rate...

Nebraska unemployment inched up to 3.1% in July

Aug. 16, 2019 11:23 AM EDT

LINCOLN, Neb. (AP) — Nebraska's unemployment rose a tenth of a point from June's 3% to hit 3.1% in July, the state said in a report released Friday. The Nebraska Labor Department said the preliminary July rate was four-tenths of a point higher than the adjusted July 2018 rate of 2.7%. And the new Nebraska...

Trump ties US success to 2nd term: 'You have to vote for me'

Aug. 16, 2019 7:18 AM EDT

MANCHESTER, N.H. (AP) — President Donald Trump sought to reassure his supporters about the state of the U.S. economy despite the stock market volatility and told rallygoers in New Hampshire, a state that he hopes to capture in 2020, that their financial security depends on his reelection. "Whether you love...

Office: Arizona unemployment rate unchanged in July at 4.9%

Aug. 15, 2019 2:00 PM EDT

PHOENIX (AP) — Arizona's seasonally adjusted unemployment rate was 4.9% in July, unchanged from June. The state Office of Economic Opportunity announced Thursday that Arizona's labor force increased by just over 15,200 people in July while the state's economy lost 11,400 nonfarm jobs. The job loss is less...

US retail sales rise strongly in sign of consumer optimism

Aug. 15, 2019 10:41 AM EDT

WASHINGTON (AP) — Americans spent more at retail stores and restaurants in July, a sign that concerns over weakening economic growth and a persistent trade war that have roiled financial markets have yet to dampen consumer confidence. Retail sales rose a healthy 0.7% last month after a 0.3% gain in June,...

US productivity grew a healthy 2.3% rate in 2nd quarter

Aug. 15, 2019 9:05 AM EDT

WASHINGTON (AP) — U.S. productivity increased at a decent pace in the second quarter, a trend that could lead to higher wages if it continues. The Labor Department said Thursday that productivity — or output per hour worked — rose 2.3% in the April-June quarter, down from 3.5% in the first...

Michigan unemployment rate edges higher to 4.3% in July

Aug. 15, 2019 6:13 AM EDT

LANSING, Mich. (AP) — Michigan's unemployment rate has edged higher in July to 4.3% from 4.2% a month earlier. Figures released Wednesday by the Michigan Department of Technology, Management & Budget show total employment edged up by 1,000 while the number of jobless workers increased slightly by 2,000...

New Mexico legalizing marijuana job numbers may be 'decent'

Aug. 14, 2019 5:23 PM EDT

ALBUQUERQUE, N.M. (AP) — Legalizing recreational marijuana in New Mexico would create needed jobs in one of the poorest states in the nation, but the numbers would pale in comparison with jobs in other industries, an economist told a bipartisan group Wednesday. Kelly O'Donnell, who has analyzed...