Home > US employers Add Only 138K Jobs, Unemployment Rate Dips

US employers Add Only 138K Jobs, Unemployment Rate Dips


U.S. employers have pulled back on hiring in May, adding only 138 thousand jobs. However, the gains were enough to help nudge the unemployment rate down to a 16 year-low. The Labor Department said Friday the jobless rate fell to 4.3 percent, which is the lowest level since 2001. The rate declined mainly for a less-than-encouraging reason, in that people stopped looking for work in May, and were no longer counted as unemployed.

Added on the 02/06/2017 10:21:15 - Copyright : Wochit

To customise your video :

Or Create an account

More videos on the subject

  • Never Mind Coal — Store Jobs Could Be Next Big Issue

    As Amazon continues to gain their confidence in the consumer market place, retailers in traditional brick and mortar establishments have growing anxiety over the possibility that convenience could eliminate the need for connecting with actual people in those types of establishments. Amazon announced the purchase of Whole Foods and it's Prime Wardrobe shipping service which created a noticeable dip in the stock prices of many grocery and department stores. The dips could mean fear surrounding impending job displacement for many people who make their living in retail and customer service. The changes could have a real economic and political impact across the industry.

    25/06/2017 - Wochit
  • US Jobs Report Falls Below Expectations in March

    According to new numbers on Friday, U.S. employers added the fewest number of workers in 10 months in March. Reports add that the unemployment rate in the U.S. also dropped to 4.5 percent, pointing at a labor market that continues to tighten. The Labor Department added on Friday that nonfarm payrolls increased by 98,000 jobs in March 2017 with the retail sector shedding employment for a second straight month.

    07/04/2017 - Wochit
  • US Employers Added 173,000 Jobs in August

    The U.S. unemployment rate fell to a seven-year low in August as employers added a modest 173,000 jobs, a key piece of evidence for the Federal Reserve in deciding whether to raise interest rates from record lows later this month. The Labor Department said Friday that the jobless rate fell to 5.1 percent — a level consistent with a normal economy and the lowest since April 2008 — from 5.3 percent in July.

    04/09/2015 - Wochit
  • US Employers Add Solid 280k Jobs; Rate Inches up to 5.5 Pct.

    U.S. employers added a robust 280,000 jobs in May, showing that the economy has regained momentum after starting 2015 in a deep slump. The unemployment rate ticked up to 5.5 percent from 5.4 percent in April, the government said Friday. But that occurred for a good reason: Hundreds of thousands more people began seeking jobs in May. Not all of them found work and so were counted as unemployed. Last month's strong job growth suggests that employers remained confident enough to keep hiring even after the economy shrank during the first three months of the year. The government also revised up its estimate of job growth during March and April by a combined net 32,000. The steady hiring should help drive the economy through the rest of the year.

    05/06/2015 - Wochit
  • US Jobs Report For December Crushes Expectations

    According to Business Insider, the U.S. economy added 312,000 nonfarm jobs in December, crushing an estimate of 180,000 from analysts. Figures from the Labor Department add that the unemployment rate in the U.S. has also increased to 3.9%, and average hourly earnings jumped 3.2% from this time a year ago. Investors hope the employment report will offer relief to the U.S. financial market, which ended its worst year since 2008 on Monday.

    04/01/2019 - Wochit

More videosBusiness

Watch video of Shares Of Blue Apron Dipped To An All-time Low. The Meal-kit Subscription Dropped To $1.81 Per Share On Tuesday. The Company Has Faced Increasing Pressures From Competition, Like HelloFresh. Big Companies Like Walmart And Amazon Entering Its Space. In March, Walmart Announced It Was Launching Its Own Line Of Meal Kits. The Company Has Struggled To Attract New Customers And Retain Old Ones Since Going Public Last June. - Blue Apron Shares Drop To A New Low - Label : Wochit -

Blue Apron Shares Drop To A New Low

03/04/2018 21:21:24