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Fed and Treasury chart path back to "full employment"

Feb 24, 2021
Fed Chair Jerome Powell and Treasury Secretary Janet Yellen peg the actual unemployment rate at around 10%, higher than the official 6.3%.
Federal Reserve Chair Powell testified on Capitol Hill about the U.S. labor market.
Mark Wilson/Getty Images

U.S. economy adds 49K jobs as unemployment falls to 6.3%

Feb 5, 2021
The tepid increase followed a decline of 227,000 jobs in December, the first loss since April.
A waitress takes customers' orders in the outdoor seating area of a restaurant on Jan. 28, 2021 in Los Angeles.
Valerie Macon/AFP via Getty Images

Will January bring more hiring?

Jan 8, 2021
The latest COVID relief package will have a positive effect on the economy as soon as this month.
A waiter at the outdoor dining area of a restaurant in New York last year.
Spencer Platt/Getty Images

Continuing unemployment claims are down, but that doesn't tell the whole story

Nov 5, 2020
No state lets people stay on unemployment benefits for more than 26 weeks.
Unemployment benefits are running out for people who have been out of work for six months.
Spencer Platt/Getty Images

The unemployment rate in some neighborhoods is triple the national average

Oct 12, 2020
In parts of the South Bronx, the unemployment rate was estimated to be nearly 30% in August. Nationwide, it's a little less than 8%.
Felix Pinzon, an unemployed construction worker, pushes a cart of food donations in May in the Bronx.
Johannes Eisele/AFP via Getty Images

Job gains don't paint a clear picture of the recovery

Oct 2, 2020
The jobs created in September obscure the fact that thousands were lost permanently and millions of people have stopped looking for work.
A restaurant displays a "Now Hiring" sign amid the coronavirus pandemic, on Aug. 4 in Arlington, Virginia.
OLIVIER DOULIERY/AFP via Getty Images

U.S. unemployment rate falls to 7.9%, hiring slows again

Oct 2, 2020
America’s employers added 661,000 jobs in September, the third straight month of slower hiring.
The September jobs report coincides with other data that suggests that while the economic picture may be improving, the gains have slowed since summer.
Olivier Douliery/AFP via Getty Images

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Despite June's bullish employment numbers, the job market is reeling — and will be for a while

Jul 2, 2020
Employment remains below pre-pandemic levels, and as recently reopened businesses re-close, more job losses are on the way.
A grocery store employee cleans carts for customers in New York. Low-wage workers are disproportionately affected by the suffering job market.
Bruce Bennett/Getty Images

The Fed says big banks have passed their COVID-era stress tests

Jun 25, 2020
But the central bank is putting a stop to share buybacks and limiting bank dividends.
The Federal Reserve Building in Washington, D.C. The stress test the Fed created this year envisioned 10% unemployment. The current rate is 14%.
Chip Somodevilla/Getty Images