U.S. Job Growth Exceeds Estimates But Unemployment Rate Inches Higher

A closely watched report released by the Labor Department on Friday showed employment in the U.S. jumped by much more than expected in the month of January, although the report also showed a substantial downward revision to the pace of job growth in December. The Labor Department said non-farm payroll employment surged up by 304,000 jobs in January compared to […]

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Initial jobless claims fall 19,000 to 234,000, return near postrecession lows

The numbers: The number of people who applied for jobless benefits in early February fell back toward recent postrecession lows after a holiday-related spike pushed them to a 16-month high at the end of last month. Initial jobless claims, a rough way to measure layoffs, declined by 19,000 to a seasonally adjusted 234,000 in the seven days ended Feb. 2, […]

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U.S. service-oriented businesses grow in January at slowest pace in six months, ISM finds

The numbers: Service-oriented companies such as restaurants, banks and high-tech outfits grew in January at the slowest pace in six months, but they are expanding rapidly enough to suggest the economy is still quite healthy. An index of businesses minus the manufacturing sector slipped to 56.7% in January from 58%, the Institute for Supply Management said on Tuesday. The latest […]

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U.S. gains 304,000 jobs at start of 2019 as firms continue to hire at blistering pace

The numbers: The U.S. gained 304,000 new jobs in January, another show of strength for an economy that’s still growing soundly even in the face of more headwinds. Economists polled by MarketWatch had expected a gain of 172,000 nonfarm jobs, but mainly because hiring in December had seemed so strong. Instead the government slashed its original estimate of new jobs […]

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213,000 private-sector jobs created in January, ADP says

The numbers: Companies in the U.S. boosted employment by 213,000 jobs in January, ADP reported Wednesday, another strong reading that suggests little letdown in a steadily growing economy. Wall Street economists had forecast an increase of 174,000. ADP trimmed its original estimate of new jobs in December to 263,000 from 271,000. What happened: Big companies added 66,000 new jobs in […]

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