Archive for the ‘Unemployment Rate’ tag
U.S. July Nonfarm Payrolls Decline 51k, Unemployment Rate Up to 5.7%
U.S. nonfarm payrolls declined for the seventh
straight month, falling less than expectations by a total of 51k jobs in
July, according to the Bureau of Labor Statistics on Friday. June’s
decline was revised to a loss of 51k jobs from an initially reported loss
of 62k jobs.
U.S. June Nonfarm Payrolls Decline 62k, Unemployment Rate Remains at 5.5%
U.S. nonfarm payrolls declined for the sixth straight
month, falling in line with expectations by a total of 62k jobs in June,
according to the Bureau of Labor Statistics on Thursday. May’s jobs
figure was revised to a loss of 62k jobs from an initially reported loss
of 49k jobs.
The unemployment rate remained at 5.5% following the half-percentage
point surge in the rate last month.
Economists Divided on What Jobless Claims Say About the Labor Market
The current pace of jobless claims is relatively low
compared to the previous recession, some economists say. However, others
note that the rise in continuing claims is consistent with a higher
unemployment rate than its current 5.0%, suggesting more trouble in the
labour market than the latest figures might indicate.