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Jobless claims

Unemployment persistent, jobs up in September

Economy, Jobless claims, Politics and policy /

Key insight: Unemployment ticked slightly up to 4.4% — from 4.3% in August — and revisions of prior reports show weaker employment gains over the summer. Supporting data: The economy added 119,000 jobs and 7.6 million unemployed, with major losses in transportation and government offset by gains in health care and social services. Forward look: […]

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Even as shutdown halts BLS data, hiring appears to be slowing

Federal Reserve, Jobless claims, Politics and policy, Regulation and compliance /

Key Insight: Payroll firm ADP showed that employers lost 32,000 jobs in September, but the Bureau of Labor Statistics did not release its scheduled jobs report Friday because of the federal government shutdown. Forward look: The Fed cut rates by 25 basis points in September as a “risk management” move. The absence of a key

Even as shutdown halts BLS data, hiring appears to be slowing Read More »