A new report shows that America’s private sector added 77,000 jobs in February.
The ADP National Employment Report released on Wednesday shows that hiring has slowed to “the smallest level gains since July.”
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The Labor Department reported Friday the number of new jobs in the U.S. economy increased in November, compared to the previous month, while the unemployment rate increased slightly to the annualize rate of 4.2%
The economy in November added 227,000 new, non-farm jobs, compared to 36,000 in October, according to the department’s Bureau of Labor Statistics. The November number exceeded Wall Street expectations of 214,000 new jobs.
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The private sector hemorrhaged jobs in October while the federal government expanded its workforce to even bigger levels, according to data from the Bureau of Labor Statistics (BLS) released Friday.
The U.S. economy lost 28,000 private sector jobs while the federal government added 40,000, BLS data shows. The private sector job losses come amid a disappointing jobs report overall, with the country adding just 12,000 nonfarm payroll jobs — well below the 110,o00 economists expected.
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The U.S. economy grew at a rate of 2.8% in the third quarter of 2024, according to Bureau of Economic Analysis (BEA) statistics released Wednesday.
The growth in the third quarter comes after a better-than-expected 3.0% growth rate in the second quarter of 2024, according to the BEA. Economists forecast that GDP would increase by about 3.0% in the third quarter, according to Forecast.com.
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Microsoft plans to spend $1 billion to build three data centers in Central Ohio, and the state is kicking in tax breaks for the project.
Eventually, according to Microsoft, the entire project could create hundreds of full-time jobs at the campuses in Heath, Hebron and New Albany. The Heath and Hebron facilities still need local approval.
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Republican lawmakers wrote to Department of Labor (DOL) Acting Secretary Julie Su on Friday, slamming the agency for ignoring an oversight request regarding its “botched release” of data that showed the Biden-Harris administration had wildly overestimated job creation.
The August Bureau of Labor Statistics (BLS) release — which revealed the U.S. economy had created more than 800,000 fewer jobs in the twelve months through March than the administration had claimed — was posted roughly a half hour late, with a slew of Wall Street investment firms obtaining details about the report at least 15 minutes before the public. Republican Reps. Virginia Foxx of North Carolina and Bob Good of Virginia issued an oversight request following the incident, which the DOL then failed to respond to, prompting the lawmakers to re-up their inquiry into whether or not the BLS favored Wall Street insiders over the American public, according to the letter obtained exclusively by the Daily Caller News Foundation.
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by J.D. Davidson Ohio’s September labor statistics continued to lag the rest of the nation, but analysts see positive signs. According to figures released by the Ohio Department of Job and Family Services, the state’s unemployment rate remained unchanged at 4.5% for the second consecutive month. However, the labor force participation rate rose slightly to 62.4% from 62.3%. Both of those numbers were below the national average. The national unemployment rate continues to fall, finishing September at 4.1%, while the labor force participation rate closed at 62.7%. “September’s report contained good news, with 9,500 new private-sector jobs erasing August’s job loss,” said Rea S. Hederman Jr., executive director of the Economic Research Center and vice president of policy at The Buckeye Institute. “Although private-sector job growth has continued throughout 2024, growth remains slow, with some down months slowing the overall upward trend.” The job growth has other analysts optimistic about the labor market’s concerns. “Strong job gains in September mirror national employment trends, which exceeded expectations last month,” said Molly Bryden, researcher with Policy Matters Ohio. “Recent growth alleviates broad concerns around a weakening labor market, and as the Fed continues to lower interest rates, Ohioans can remain hopeful…
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Despite slight easing, finding employees continues to be a major issue for small businesses in Ohio.
The National Federation of Independent Business showed in its September jobs report that 34% of small business owners nationally continue to report job openings they can’t fill.
That’s a better number than in previous months, but NFIB Ohio State Director Chris Ferruso thinks business owners are still working to end the year strong.
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Inflation fell slightly in September amid fears of a hotter-than-expected economy following strong job gains in the month prior, according to the latest Bureau of Labor Statistics (BLS) release Thursday.
The consumer price index (CPI), a broad measure of the price of everyday goods, increased 2.4% on an annual basis in September and rose 0.2% month-over-month, compared to 2.5% in August, less than the 2.3% rate that was expected, according to the BLS. Core CPI, which excludes the volatile categories of energy and food, rose 3.3% year-over-year in September, compared to 3.2% in August.
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More than 800,000 fewer native-born Americans are employed than last year as job gains among Americans continue to lag behind those of foreign-born workers, according to data from the Bureau of Labor Statistics (BLS).
The number of foreign-born workers employed increased by approximately 1.2 million year-over-year in September, while 825,000 fewer native workers were employed, BLS data shows. The large annual difference is in spite of the roughly 920,000 upward employment fluctuation for native-born workers in September compared to August, after a 1,325,000 drop from July to August.
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The U.S. added 254,000 nonfarm payroll jobs in September as the unemployment rate ticked down to 4.1%, according to Bureau of Labor Statistics (BLS) data released Friday.
Economists expected 150,000 jobs to be added in September, slightly higher than the initially reported 142,000 job gain in August, and the unemployment rate to remain at 4.2%, according to MarketWatch. Meanwhile, previously reported job gains for July and August were revised up by 55,000 and 17,000, respectively, breaking a trend under the Biden-Harris administration of overestimating employment growth in initial estimates, with the cumulative number of new jobs reported in 2023 roughly 1.3 million less than previously thought.
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Ohio continues to buck a national trend of job gains after the latest numbers from the Ohio Department of Jobs and Family Services showed the state lost jobs in August.
According to figures released from the Ohio Department of Job and Family Services, the state’s unemployment rate was unchanged from July to August at 4.5%. The labor force participation rate was also steady at 62.3%.
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Federal Reserve Chairman Jerome Powell suggested migrants are helping drive rising unemployment during a press conference on Wednesday.
Powell spoke to reporters after the Fed announced it would lower its federal funds rate by 0.50% following disappointing job growth in both July and August. Unemployment currently sits at 4.2% — up from 3.4% in April 2023 — in what Powell suggested was largely a product of migrants crossing into the United States.
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Glendale residents will have the opportunity to decide whether or not to raise minimum wage and benefits for hotel and event workers this November. The Hotel and Event Center Minimum Wage Protection Act, proposed and funded by the Worker Political Action Committee, will be on the ballot this year and while it seems to stem from good intentions, a report from the Common Sense Institute of Arizona says it could have detrimental economic impacts.
The initiative not only states that hotel and event centers workers must earn a minimum of $20 per hour, but it would also set a limitation on the amount of square feet a room attendant is required to clean before the employer must pay twice the hourly wage, it would require employers to distribute service charges to the employees who performed those services and lastly, the city of Glendale would be required to enforce these rules.
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Inflation fell in August amid fears of an economic slowdown following two straight months of disappointing job gains, according to the latest Bureau of Labor Statistics (BLS) release on Wednesday.
The consumer price index (CPI), a broad measure of the price of everyday goods, increased 2.5% on an annual basis in August and rose 0.2% month-over-month, compared to a 2.9% year-over-year rate in July, according to the BLS. Core CPI, which excludes the volatile categories of energy and food, rose 3.2% year-over-year in August, compared with 3.2% in July.
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Economists anticipated that the country would add 161,000 nonfarm payroll jobs in August compared to the 114,000 added in initial estimates for July, and that the unemployment rate would fall to 4.2%, according to MarketWatch. The job gains follow a disappointing July report and a downward revision of over 800,000 jobs that the Biden administration had claimed to create between April 2023 and March 2024.
Meanwhile, previously reported job gains for July were revised down from 114,000 to 89,000 while gains for June were lowered from 179,000 too 118,000.
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The U.S. employment level in the Bureau of Labor Statistics’ household survey has barely grown the past year, only increasing at 0.03 percent since July 2023, from 161.2 million to 161.26 million, with just 57,000 more people saying they’re employed today than a year ago.
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Piedmont Lithium announced Thursday that the company abandoned its plan to invest $582 million to establish a lithium hydroxide processing, refining, and manufacturing facility in Etowah and instead build the proposed plant in North Carolina.
The company currently operates a plant in Gaston County, North Carolina, called Carolina Lithium, which will be expanded with the addition of the facility originally expected to be built in Etowah.
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Walmart has announced layoffs impacting several hundred jobs at its campus offices and is requiring remote employees to come to the office.
The retail giant said in a staff memo Tuesday most of the remote workers and personnel in its Dallas, Atlanta and Toronto offices will relocate to its primary offices in Bentonville, Arkansas; Hoboken, New Jersey; and the San Francisco Bay Area.
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Bernie Moreno, the Republican nominee in the Ohio U.S. Senate race, used Friday’s jobs report for the month of April to call out his opponent, incumbent U.S. Senator Sherrod Brown (D-OH), and President Joe Biden for their “disastrous” economic policies.
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State agencies across the commonwealth gather data on jobs, employment, and the economy — but they struggle to share it, hamstringing how useful it is.
Legislators have taken notice and are looking to compel some digital cooperation.
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The U.S. added 303,000 nonfarm payroll jobs in March as the unemployment rate ticked down to 3.8%, according to Bureau of Labor Statistics (BLS) data released Friday.
Economists anticipated that the country would add 200,000 jobs in March compared to the 275,000 jobs that were added in initial estimates for February, and that the unemployment rate would remain unchanged at 3.9%, according to Reuters. The job gains are in spite of persistent layoffs that reached a 14-month peak in March at 90,309.
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Ohio’s job market remained neutral in February, better than falling like the national figures, according to analysts.
The new numbers from the Ohio Department of Job and Family Services bucked a trend of rising unemployment in the state that covered six months.
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Georgia’s February unemployment rate remained unchanged from the revised January rate, labor officials said Thursday.
State officials said the Peach State’s 3.1% unemployment rate is below the national rate of 3.9%. Last week, state officials said Georgia’s January unemployment rate dropped to 3.1%, the first drop in more than a year after holding at 3.2% in 2023.
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The U.S. added 275,000 nonfarm payroll jobs in February as the unemployment rate ticked up to 3.9%, according to Bureau of Labor Statistics (BLS) data released Friday.
Economists anticipated that the country would add 200,000 jobs in February compared to the 353,000 that were added in January, and that the unemployment rate would remain at 3.7%, according to Reuters. The job gains were announced two days after Jerome Powell, chair of the Federal Reserve, told the House Financial Services Committee in its semi-annual monetary policy report that he does not believe that there is evidence for a recession, meaning rate cuts could be on the horizon.
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The United States Army is reducing its size by about 5%, cutting roughly 24,000 jobs, as part of a restructuring plan that is ostensibly meant to better prepare for a possible war in the future.
As ABC News reports, the cuts will mostly affect posts that are already empty, such as counterinsurgency jobs that were previously needed in countries like Iraq and Afghanistan but no longer needed today, as well as about 3,000 jobs in the Army special operations forces.
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Arizona continues to see job growth while unemployment remains slightly higher than the national average.
The state saw 8,100 nonfarm jobs increase from November to December, and year-over-year saw 64,800 nonfarm jobs added, according to a non-seasonally adjusted figure.
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More Americans are having to take part-time jobs as consumers struggle with economic factors like high inflation, while full-time employment has sunk in tandem, according to data from the Bureau of Labor Statistics (BLS).
Around 133,196,000 workers were employed with full-time jobs in the U.S. in December, which was down from 134,727,000 in November — a drop of more than 1.5 million, according to the BLS. During that same time frame, the number of Americans employed in part-time positions rose by 762,000, while the number of people with multiple jobs increased by 222,000.
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Beginning April 1, the minimum wage for employees working in California’s fast food chains and health care industries will rise to $20 per hour and, in some cases, up to $23 per hour. Many employers managing independent restaurants, retail, and other industries will have to match the higher hourly rate to retain employees. And for hourly employees whose wages are indexed to the minimum wage, mostly in California’s unionized public sector, wages will rise proportionately.
There is no national consensus on the impact of minimum-wage laws. It is part of a much larger debate over what constitutes an optimal economic environment to enable, quoting from Franklin Delano Roosevelt, “economic security and independence.”
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Government employees in the United States topped 23 million for the first time in December, according to the employment numbers released today by the Bureau of Labor Statistics.
In November, according to BLS, there were 22,951,000 people employed by the local, state and federal governments in the United States. In December, there were 23,003,000.
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Scottsdale, Arizona, is considered the best city in the U.S. for jobs, according to a new ranking from WalletHub.
The city received its high ranking because of 12% job growth, according to the personal finance website. Scottsdale ranked first in job market out of the 182 cities listed, and sixth in the socio-economics rank. Wallethub got the numbers by looking at 31 factors to determine the rankings for people looking for jobs.
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The U.S. added 199,000 nonfarm payroll jobs in November as the unemployment rate ticked down to 3.7%, according to Bureau of Labor Statistics (BLS) data released Friday.
Economists had anticipated that the country would add 180,000 jobs in November compared to the 150,000 jobs that were added in October and that the unemployment rate would remain at 3.9%, according to Reuters. The number of jobs added in the month was boosted due to the resumption of work by autoworkers and actors who participated in the recent strikes.
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The labor market continues to soften, with 199,000 jobs created last month, well below the recent average. Real job creation is far lower than this topline number suggests. Nearly 50,000 jobs were unproductive government jobs, continuing the trend of disproportionately high government job growth. The return of striking auto workers accounted for about 30,000 jobs. And 77,000 jobs were created in healthcare, which is a quasi-government industry. That leaves only about 40,000 jobs created in the real economy.
Real wages continue to stagnate, growing at the same rate as core inflation following significant declines in the first two years of Biden’s presidency. As usual, job creation in previous months was revised down in today’s report. Nearly one million more Americans are unemployed since April.
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Data from the Tennessee Secretary of State’s Office shows that new business filings in Tennessee for the third quarter of 2023 were the highest in the state’s history.
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Cracks in the labor market and the broader economy continue to emerge. The October jobs report released Friday morning reveals that only 150,000 jobs were created last month, below expectations and well below the recent average. August and September job creation was revised down by more than 100,000, taking the sheen off the September jobs report.
The unemployment rate rose to 3.9%. While this figure is still low, there are now nearly one million more unemployed Americans than in April of this year.
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Tennessee’s unemployment rate rose slightly above a record low in September, rising to 3.2% after spending July and August at 3.1%.
The September rate was 0.2 percentage points lower than September 2022.
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A new tool aimed at helping applicants locate openings for state government positions in Ohio based on their specific experiences, skills, and training was rolled out this week.
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The U.S. added 336,000 nonfarm payroll jobs in September as the unemployment rate remained at 3.8%, according to Bureau of Labor Statistics (BLS) data released Friday.
Economists had anticipated that the country would add 170,000 jobs in September compared to 187,000 in August and that the unemployment rate would slide down to 3.7% from 3.8%, according to Reuters. Private employment data for September showed that only 89,000 jobs were added for the month, as the professional and business services, trade, transportations and utilities and manufacturing services sectors all had substantial losses, according to ADP.
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Malibu Boats officials recently announced the company will invest $75 million to expand its manufacturing operations in Lenoir City.
The company’s expansion project will mark its second plant located outside of its headquarters in Loudon. The new plant will be located at an existing facility in the Roane Regional Business and Technology Park.
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Three Tennessee cities have ranked among the Top 50 Best Job Markets in SmartAsset’s 2023 study of the 340 largest U.S. cities.
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U.S. Senator and Republican presidential hopeful Tim Scott is unveiling his “Build, Don’t Borrow” economic plan as he prepares for another campaign trip to Iowa.
Scott says his proposal targets runaway government spending, while cutting taxes, expanding jobs and “unleashing American manufacturing and energy production” with his Made in America agenda.
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South Korean company CJ Foodville Corporation announced this week it will invest more than $47 million to build a new bakery and food processing facility in Gainesville.
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Daesol Ausys, a South Korean automotive supplier, announced Tuesday it will invest $72 million to establish a new manufacturing facility in Harris County.
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The Tennessee Department of Labor and Workforce Development (TDLWD) released county-specific unemployment data on Thursday for July.
Last month, a majority of Tennessee’s 95 counties reported lower unemployment rates compared to the data reported in June, according to TDLWD.
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The Kroger Company officials announced Monday that the company will construct a new Central Fill facility in Cleveland, Tennessee.
Kroger, headquartered in Cincinnati, Ohio, is one of the world’s largest retailers.
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HVAC company American Residential Services (ARS)/Rescue Rooter recently announced that it will invest $2.75 million to expand its headquarters operations in Memphis.
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New data released by the Tennessee Department of Labor and Workforce Development (TDLWD) revealed unemployment across the state reached a historic low in July of 3.1 percent.
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Georgia’s July unemployment rate was 3.2%, unchanged from June’s revised rate, even as more Georgians filed initial unemployment claims.
The state’s unemployment rate is also lower than the national unemployment rate of 3.5%. In July, Georgians filed 31,410 initial claims for unemployment benefits, up 34%, or 7,933, from a month earlier and 2,865 from last year.
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The State of Georgia broke records for the third year in a row in regards to economic development as total investments in facility expansions and new locations totaled more than $24 billion during fiscal year 2023 (FY23).
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RedDOT Corporation officials announced Tuesday that the company will invest $18 million to expand its manufacturing and distribution operations in Memphis.
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