U.S. Weekly Jobless Claims Drop Much More Than Expected To 204,000

First-time claims for U.S. unemployment benefits dropped by much more than expected in the week ended September 7th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 204,000, a decrease of 15,000 from the previous week’s revised level of 219,000. Economists had expected jobless claims to edge down to 215,000 […]

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Jobless claims fall to nearly 5-month low of 204,000 around Labor Day holiday

The numbers: The number of people who applied for unemployment benefits around Labor Day fell sharply to a nearly five-month low of 204,000, an extremely low reading that was likely exaggerated by the holiday and possibly Hurricane Dorian. Initial jobless claims, a rough way to measure layoffs, dropped 15,000 to 204,000 in the seven days ended Sept. 7, the government […]

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Few Peterborough-area employers anticipate hiring in Q4 2019: report

Peterborough-area employers are expecting a slow-paced hiring climate in the fourth quarter of this year, according to a new employment outlook survey. The ManpowerGroup Employment Outlook Survey, released on Tuesday, shows that only seven per cent of area employers plan to hire for the upcoming quarter. Another seven per cent anticipate cutbacks, while 83 per cent of employers plan to […]

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ADP says 156,000 private-sector jobs added created in July

The numbers: The nation’s businesses created 156,000 private-sector jobs in July, payroll processor ADP said Wednesday, showing that companies are still willing to hire despite stiffer headwinds for the economy such as the ongoing trade spat with China. Economists polled by Econoday had forecast a gain of 155,000. Some 112,000 private-sector jobs were added in June, according to revised figures. […]

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The economy is not on thin ice, but another poor jobs report will amp up the anxiety

The U.S. is not stumbling toward recession, but another poor jobs report could trigger a chain reaction on Wall Street and in Washington that reshapes how Americans view the economy. The government on Friday is expected to report the U.S. created a healthy 169,000 new jobs in June, according to a MarketWatch survey of economists. The unemployment rate is likely […]

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Jobless claims edge up to 5-week high of 222,000, but labor market still rock solid

The number of people who applied for jobless benefits in early June edged up to a five-week high, but not enough to signal any deterioration in the strongest U.S. labor market in decades. Initial jobless claimed rose by 3,000 to 222,000, the government said Thursday in the seven days ended June 8. Economists polled by MarketWatch estimated new claims would […]

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American companies added the fewest jobs in 9 years in May, ADP says

The US added far fewer private-sector jobs in May than had been expected, according to the ADP National Employment Report out Wednesday. The surprisingly weak growth suggests the labor market could be cooling down. ADP’s model uses official employment data as well as information from companies that use its payroll-processing services. The private sector created the fewest jobs in nine […]

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