IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing U.S. economy unexpectedly loses 92,000 jobs in February 04:11 UP NEXT U.S. Steel expects hiring boost as Nippon deal brings investment 03:28 How oil and gas prices could be affected by the attacks on Iran 03:35 Netflix abandons … Read more
The U.S. job market shed 92,000 jobs in February, a sharp and unexpected setback for the economy after economists had forecast job growth. By the numbers Economists polled by FactSet had predicted a payroll gain of 60,000 last month. — This is a developing story and will be updated Edited by Aimee Picchi More from … Read more
Economists hoping for a better understanding of the U.S. job market are keeping their expectations in check. The Bureau of Labor Statistics is set to announce February job numbers Friday, with the monthly data release predicted to show tepid growth due in part to a major strike in the health care industry. The U.S. jobs … Read more
About 350 Whirlpool factory workers in rural Iowa will lose their jobs on March 9 — a blow to a community where the plant has anchored the local economy for eight decades. The layoffs are also another sign of U.S. manufacturers’ ongoing struggles, which have persisted despite the Trump administration’s pledge to revive the sector. … Read more
Employees in the U.S are clinging to their jobs in a labor market characterized by historically low rates of worker turnover, recent data shows. Data from ADP Research, a provider of labor market analysis, shows that workers are leaving their jobs either through quitting or layoffs at an unusually low rate. Measured by the rate of … Read more
WASHINGTON — Federal Reserve governor Christopher Waller said Monday that solid job gains in January could mean the central bank can skip a rate cut at its next meeting in March, a decision that would likely spur further attacks by President Donald Trump. At the same time, Waller said last month’s pickup in hiring, when … Read more