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July 25, 2021

Employment figures

The biggest job wage boom post-pandemic is blue collar, but will it last for workers?

CNBC
CNBC – For more and to sign up click here Companies are in desperate need of workers across the country as the economic reopening collides with a tight labor market, but the boom in manual labor job wage growth pre-dates the pandemic. Donna Kauffman, co-owner of a landscaping design and......

U.S. weekly jobless claims total 360,000, as expected

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CNBC – For more and to sign up click here Initial claims for unemployment insurance fell to a new pandemic-era low last week, the Labor Department reported Thursday. First-time filings for benefits totaled 360,000, in line with Dow Jones estimates and the best number since March 14, 2020. The total......

Wages are finally going up and that’s going to have to continue to get people back to work

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CNBC – For more and to sign up click here Bar tender Kim DePland, 38, attends a job fair for restaurant and hotel workers, after coronavirus disease (COVID-19) restrictions were lifted, in Torrance, near Los Angeles, California, June 23, 2021. Lucy Nicholson | Reuters American workers collectively saw a nice......

U.S. adds 850,000 jobs in June, better than expected

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CNBC – For more and to sign up click here Job growth leaped higher in June as businesses looked to keep up with a rapidly recovering U.S. economy, the Labor Department reported Friday. Nonfarm payrolls increased 850,000 for the month, compared to the Dow Jones estimate of 706,000 and better......

Fed’s Mester lauds jobs report but says it’s not enough to change policy

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CNBC – For more and to sign up click here May’s job gains were “solid” but not enough to change the direction of monetary policy, Cleveland Fed President Loretta Mester told CNBC. “Bottom line, I would like to see further progress than where we are right now,” Mester told CNBC’s......

U.S. added 559,000 jobs in May, vs 671,000 estimate

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CNBC – For more and to sign up click here Job creation disappointed again in May, with nonfarm payrolls up what normally would be considered a solid 559,000 but still short of lofty expectations, the Labor Department reported Friday. Payrolls were expected to increase by 671,000, according to economists surveyed......

Companies hired nearly a million new workers in May, ADP says

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CNBC – For more and to sign up click here Private job growth for May accelerated at its fastest pace in nearly a year as companies hired 970,000 workers, according to a report Thursday from payroll processing firm ADP. It was a big jump from April’s 654,000 and the largest......

April jobs report falls short of expectations. Five market analysts on the miss

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CNBC – For more and to sign up click here The economy’s “growing pains” are on full display, one market analyst told CNBC on Friday after April’s jobs report fell far short of expectations. Stocks shrugged off the miss as investors hung on to hope that the Federal Reserve would......

Private payrolls show big gain in April but still short of lofty expectations, ADP says

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CNBC – For more and to sign up click here Bartenders wearing protective masks assist customers sitting at the bar at Blooms Tavern in New York, U.S., on Monday, May 3, 2021. Nina Westervelt | Bloomberg | Getty Images Private job growth accelerated in April but fell a bit short......

Jobs report blows past expectations as payrolls boom by 916,000 in March

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CNBC – For more and to sign up click here Job growth boomed in March at the fastest pace since last summer as stronger economic growth and an aggressive vaccination effort contributed to a surge in hospitality and construction jobs, the Labor Department reported Friday. Nonfarm payrolls increased by 916,000......

Private payrolls hiring bursts at fastest pace since September on rise in hospitality hiring

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CNBC – For more and to sign up click here Waiter Boris Macquin serves customers behind plexiglass outside at Figaro Bistro on the first day Los Angeles County allows indoor seating since the coronavirus pandemic on March 15, 2021 in Los Angeles, California. Gina Ferazzi | Los Angeles Times |......

Job growth surges in February on hiring jump in restaurants and bars

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CNBC – For more and to sign up click here Hiring surged in February as the U.S. economic activity picked up amid a progressive drop in Covid-19 cases and vaccines provided hope of more growth ahead. The Labor Department on Friday reported that nonfarm payrolls jumped by 379,000 for the......

Employers likely added more jobs in February, but economists say there’s no bounce back yet

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CNBC – For more and to sign up click here A worker wearing a protective mask boxes a pizza inside a Costco store in San Francisco, California, on Wednesday, March 3, 2021. David Paul Morris | Bloomberg | Getty Images Hiring likely improved in February as more of the economy......

In addition to Covid relief measures, President Biden has long-term plans to bring back jobs

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CNBC – For more and to sign up click here President Joe Biden holds a meeting with US Senators about infrastructure improvements in the Oval Office of the White House in Washington, DC, February 11, 2021. Saul Loeb | AFP | Getty Images Covid-relief plan Biden’s stimulus plan, currently being......

Even with unprecedented gains, the jobs market is still struggling to get back to normal

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CNBC – For more and to sign up click here People enjoy outdoor dining as the spread of the coronavirus disease (COVID-19) continues, in New York, February 4, 2021. Jeenah Moon | Reuters At any other time in U.S. history, creating 12.5 million jobs in nine months would be astonishing.......

Payrolls barely grow to start 2021 even as the unemployment rate fell to 6.3%

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CNBC – For more and to sign up click here Job growth returned to the U.S. in January, with nonfarm payrolls increasing by 49,000 while the unemployment rate fell to 6.3%, the Labor Department said Friday in the first employment report of the Biden administration. Economists surveyed by Dow Jones......

Private companies added 174,000 jobs in January, vs 50,000 estimate, ADP says

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CNBC – For more and to sign up click here Commuters arrive at Grand Central Station with Metro-North during morning rush hour on June 8, 2020 in New York City. Angela Weiss | AFP | Getty Images A month after reporting the first loss since April, the employment picture bounced......

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