The U.S. economy unexpectedly shed 23,000 jobs in July, undershooting economists’ expectations and signaling the job market may be slowing. By the numbers Economists polled by FactSet forecast employers added 95,000 jobs in July. The unemployment rate in July stood at 4.1%, down from 4.2% in June. Hiring remains generally more muted than in the … Read more
U.S. employers added 57,000 jobs in June, far below analysts’ forecasts and signaling that hiring may be losing momentum. By the numbers Economists polled by FactSet had predicted the economy would add 100,000 jobs last month. The unemployment rate was 4.2% in June, down from 4.3% in May. —This is a developing story and will … Read more
The U.S. labor market continued to defy expectations in April, with employers surpassing economists’ forecasts and adding 115,000 jobs across the nation. By the numbers Economists predicted payroll gains of 65,000 in April, according to a consensus forecast from FactSet. The unemployment rate, which has hovered above 4% since June 2024, held steady at 4.3%. … Read more
Hiring across the U.S. rebounded in March after falling sharply the previous month, with employers adding 178,000 jobs, according to new data from the Department of Labor. By the numbers The March employment report beat consensus economic forecasts of 60,000 payroll gains last month, according to FactSet. The latest payroll gains mark a sharp reversal … Read more
High temperatures are expected to continue baking large sections of the U.S. through the end of the week, potentially setting more than 100 new daily temperature records between Thursday and Sunday, forecasts show. More than 50 of those possible record highs may be seen on Thursday alone, as a massive heat wave expands further into … Read more