Tag Archives: Unemployment

Enumerati

Unemployment at 18-Year Low

3.8%

“U.S. employers extended a streak of solid hiring in May, adding 223,000 jobs and helping lower the unemployment rate to an 18-year low of 3.8 percent from 3.9 percent in April,” the AP reports.

Enumerati

Black Unemployment Reached Highest Level in Nine Months

7.7%

The black unemployment rate, which President Trump claimed credit for reducing to a record low, jumped last month by the most in almost six years, Bloomberg reports: “The Labor Department’s monthly employment report released Friday showed that joblessness among black Americans rose to a nine-month high of 7.7 percent in January from 6.8 percent in December, which was the lowest in data back to 1972. The 0.9 percentage-point rise was the most since June 2012.”

News & Comment

Chart: Donald Is Not Responsible for Declining African-American Unemployment

Vox: “Trump is certainly right that black unemployment hit a historic low in December 2017, not only falling to its lowest level since the Great Recession but falling below 7 percent for the first time since the statistic began being recorded. Given that black unemployment hit a high point of around 16.7 percent in August 2011 as the country recovered from the Great Recession, the new number is ostensibly good news. But exactly how much progress the new 6.8 percent number reflects, and what role Trump played in getting it there, isn’t exactly what the president says.

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Enumerati

Jobless Rate Hits 16-Year Low

4.3%

U.S. employers added a seasonally adjusted 209,000 jobs in July and the unemployment rate fell to 4.3%, the Wall Street Journal reports.

Enumerati

May Job Numbers Disappoint

138,000

The U.S. economy added 138,000 jobs in May, the New York Times reports. Economists had expected a gain of about 185,000 jobs. The unemployment rate fell to 4.3 percent, the lowest since 2001.

Enumerati

Unemployment Drops to 4.6 Percent

4.6%

“U.S. employers hired at a steady clip in November while the unemployment rate fell to the lowest level in nine years, signs of enduring labor-market growth that will likely leave Federal Reserve officials on track to raise interest rates later this month,” the Wall Street Journal reports. “Nonfarm payrolls rose by a seasonally adjusted 178,000 in November from the prior month, the Labor Department said. The unemployment rate dropped to 4.6% from 4.9% in October as some people found jobs while others dropped out of the workforce. At 4.6%, the rate is the lowest since August 2007. Economists expected 180,000 new jobs and a jobless rate of 4.9% in November.”

Enumerati

September Saw Lowest Unemployment Claims Since 1973

246,000

Number of jobless claims filed in the period ending Oct. 8. The four-week average for unemployment benefit filings is the lowest since 1973, reports Bloomberg.

Enumerati

November Another Robust Jobs Month

211,000

Number of jobs the American economy created in November, the government reported Friday, “a robust showing that all but guarantees policy makers at the Federal Reserve will raise interest rates for the first time in nearly a decade when they meet this month,” the New York Times reports. “The unemployment rate held steady at 5 percent, unchanged from October.”

Enumerati

Unemployment Hits Seven-Year Low

5.1%

The U.S. unemployment rate for August,down from 5.3 percent, the lowest since April 2008, ABC News reports. “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.”

Enumerati

Unemployment Hits Seven-Year Low

5.3%

The unemployment rate for June — the lowest in seven years, as the U.S. economy added 223,000 jobs last month, Bloomberg reports.