Jobless claims climb again in February; chink in labor market’s armor?

The numbers: The number of people who applied for jobless benefits in the past month rose to a one-year high, a possible sign the U.S. labor market might be losing some steam. The four-week average of new jobless claims climbed by 6,750 last week to 231,750, marking the highest level since the January 2018, the government said Thursday. Weekly jobless […]

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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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Hottest in-demand jobs with good pay

The sectors with the most opportunities for in-demand jobs EmployBridge Professional Division President Joanie Courtney on the areas with the most in-demand jobs. With 6.9 million open jobs in the United States and more Americans returing to the workforce, there are a number of sectors that present a lot of opportunities. Continue Reading Below According to the Labor Department’s 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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January jobs report: Here's what to expect on Friday

AI will be capable of displacing millions of jobs by 2034: Report Vivek Wadhwa, distinguished fellow at Carnegie Mellon University, discusses how the expansion of artificial intelligence may affect U.S. employment. The U.S. economy is expected to have added 165,000 jobs in January, down sharply from the much larger-than-anticipated 312,000 created in December. Continue Reading Below The Department of Labor […]

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