WASHINGTON (Reuters) - The U.S. economy created jobs at a record clip in June as more restaurants and bars resumed operations, further evidence that the COVID-19 recession was probably over, though a surge in cases of the coronavirus threatens the fledgling recovery.
When the May jobs report from the Bureau of Labor Statistics was released Friday, the positive numbers caught many by surprise—including the Washington Post, which mistook the job gains for losses.
WASHINGTON (Reuters) - The U.S. economy unexpectedly added jobs in May after suffering record losses in the prior month, offering the clearest signal yet that the downturn triggered by the COVID-19 pandemic was probably over, though the road to recovery could be long.
WASHINGTON, (Reuters) - U.S. job growth increased moderately in September, with the unemployment rate dropping to near a 50-year low of 3.5%, which could assuage financial market concerns that the slowing economy was on the brink of a recession amid lingering trade tensions.
A recent paper on American demographics bodes ill for the country's economic and social health.
The report by Lyman Stone, adjunct fellow at the American Enterprise Institute, finds that while the American population is becoming older, life expectancies of working-age people are declining. This trend, in tandem with the straining of the country's institutions, has serious implications for America's future.
U.S. employers listed almost 7.6 million job openings in January, near the record high of 7.63 million in November, a sign that businesses are eager to hire more workers.
WASHINGTON (Reuters) - U.S. job growth surged in January, with employers hiring the most workers in 11 months, pointing to underlying strength in the economy despite a darkening outlook that has left the Federal Reserve cautious about further interest rate hikes this year.
How do we make sure everyone has enough? This is a simple question, but answering it has long vexed policymakers. In general, we all desire to live in a society where the poor are cared for, where families do not go unfed, and where a rising tide lifts all economic boats. But how do we get there?
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