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The United States (U.S.) economy added 235,000 jobs in August of 2021, the lowest in seven months and well below forecasts of 750,000 as a surge in COVID-19 infections may have discouraged companies from hiring and workers from actively looking for a job. Most jobs were created in professional and business services (+74,000), transportation
Read moreUnited States – Department of Labor August Jobs Report According to the United States Department of Labor August Jobs Report, the unemployment rate decreased by 0.5 percentage points from the previous month to 5.4 percent which was below the forecast of 5.7 percent July unemployment rate. The rise can be attributed to more people returning
Read moreEmployment – Summary of Department of Labor July Jobs Report According to the United States Department of Labor June Jobs Report, the unemployment rate increased slightly to 5.9 percent which was above the consensus forecast of 5.8 percent June unemployment rate. The rise can be attributed to more people looking for better jobs where workers
Read moreApril 2020 Jobs Report – Employment & Unemployment The United States unemployment rate jumped to 4.4 percent in March 2020, the highest since August 2017 and well above market expectations of 3.8 percent (pre coronavirus forecast), as the COVID-19 crisis threw millions out of work. Overall, nonfarm payroll employment declined by 701,000 jobs.
Read moreEconomic Growth Indicators – 3rd Quarter 2019 Real Gross Domestic Product (GDP) increased at annual rate of 1.9 percent in the third quarter of 2019. This is down from the 2% annual rate in the second quarter of 2019. The third quarter figure was above the consensus forecasted figure of 1.6% and above the GDPNow
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