Latest Employment figures News

By the numbers: Stats that tell story of Biden's first year

Jan. 16, 2022 12:57 PM EST

WASHINGTON (AP) — By some counts, President Joe Biden can lay claim to a banner first year in office. But numbers also reveal plenty of setbacks. Most in the United States got their COVID-19 vaccines, but other countries fared better. Economic growth surged; so did inflation....

Arizona judge upholds Ducey's cut of extra jobless benefits

Jan. 15, 2022 17:48 PM EST

PHOENIX (AP) — An Arizona judge has upheld Republican Gov. Doug Ducey’s decision last year to cut $300 in supplemental monthly unemployment benefits provided by the federal government. Rejecting jobless workers' claims that they were entitled to the extra money, the ruling...

December retail sales slip after a record holiday season

Jan. 14, 2022 13:15 PM EST

NEW YORK (AP) — Americans overlooked shortages, spiking prices and uncertainty over the omicron variant to break spending records during the critical holiday shopping season. But figures released Friday show that after spending robustly early in the holiday season, consumers sharply slowed their...

California suspends some disability claims, citing fraud

Jan. 13, 2022 20:33 PM EST

SACRAMENTO, Calif. (AP) — After stealing the identities of death row inmates and even a sitting U.S. senator to make off with billions of dollars in fraudulent unemployment benefits during the pandemic, scammers have now moved on to impersonating doctors to dupe California officials into giving...

U.S. jobless claims rise by 23,000 to 230,000

Jan. 13, 2022 09:09 AM EST

WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose last week to the highest level since mid-November, but still low by historic standards. U.S. jobless claims climbed by 23,000 last week to 230,000, the Department of Labor said Thursday. The four-week...

EXPLAINER: Why US inflation is so high, and when it may ease

Jan. 12, 2022 11:23 AM EST

WASHINGTON (AP) — At first, it didn’t even register as a threat. Then it seemed like a temporary annoyance. Now, inflation is flashing red for the Federal Reserve's policymakers — and delivering sticker shock to Americans at the used car lot, the supermarket, the gas station,...

Fed's Powell: High inflation poses a threat to job market

Jan. 11, 2022 14:31 PM EST

WASHINGTON (AP) — Warning that high inflation could make it harder to restore the job market to full health, Federal Reserve Chair Jerome Powell said Tuesday that the Fed will raise interest rates faster than it now plans if needed to stem surging prices. With America's households...

Federal Reserve's Powell: High inflation 'exacts a toll'

Jan. 10, 2022 19:32 PM EST

WASHINGTON (AP) — High inflation is taking a toll on American families, Federal Reserve Chair Jerome Powell acknowledged in remarks to be delivered at a Tuesday congressional hearing, where he is sure to face tough questions on the subject. “We know that high inflation exacts a...

Question for Fed: Has it waited too long to fight inflation?

Jan. 10, 2022 15:56 PM EST

WASHINGTON (AP) — With inflation surging, unemployment falling and wages rising, some economists are warning that the Federal Reserve may have waited too long to reverse its ultra-low-rate policies — a delay that could put the economy at heightened risk. On Wednesday, the...

Stocks end lower after mixed jobs data as tech sinks again

Jan. 07, 2022 17:21 PM EST

Stocks closed lower and Treasury yields rose Friday with much of Wall Street anticipating that the Federal Reserve will raise interest rates as soon as March despite a mixed report on the U.S. jobs market. The downbeat finish capped the worst week for the S&P 500 technology...