Despite staggering unemployment numbers, it's even worse than it looks

Apr 9, 2020
Nearly one out of 10 people who had a job to go to before the pandemic don't have one now.
One expert estimates unemployment in the U.S. is around 14% currently.
Angela Weiss/AFP via Getty Images

Pay no attention to Friday's jobs numbers

Apr 2, 2020
The BLS monthly jobs report is based on surveys conducted in mid-March, before the recent wave of layoffs and furloughs.
Job listings are down in hospitality and travel during COVID-19. Above, a note of closure on the door of the Waterfront Hotel in Baltimore, Maryland, on March 19.
Jim Watson/AFP via Getty Images

Weekly unemployment claims start to give a snapshot of COVID-19 layoffs

Mar 19, 2020
Many companies are laying off workers. Weekly jobless claims will tell us how many people are now filing for state unemployment benefits.
For the week of March 14, there were 281,000 new claims, the highest level for initial claims since Sept. 2, 2017.
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Tight labor market, strong holiday sales forecast might force retailers to pay higher wages

Oct 4, 2018
On Friday, we’ll get the latest jobs figures for the month of September. Economists are expecting a strong report, with unemployment expected to drop a bit from an already low rate. We’re also getting awfully close to the holiday hiring season, and sales are expected to be pretty strong, too. But with the unemployment rate […]

Why employers are feeling more pressure to raise pay

Sep 7, 2018
New data from the Labor Department show 201,000 new jobs were created in August, which is about average, month-in, month-out, for the past year.  The unemployment rate was unchanged, at 3.9 percent. We’ve been sitting in that low-unemployment ballpark since mid-spring. Average hourly earnings for private sector workers accelerated in August.  They’re up 2.9 percent compared […]

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With unemployment so low, where are the workers coming from?

Aug 3, 2018
The U.S. economy created 157,000 jobs in July. The unemployment rate dipped to 3.9 percent. The last time was saw unemployment that low? The year 2000. What does all of this mean for wages? And for businesses looking to hire more workers?
Commuters arrive from Metro North Railroad trains in Grand Central Station in New York October 19, 2016.

What GDP tells us about the economy

Jul 26, 2018
GDP growth for the latest quarter is expected to be robust, but that is due in part to some unique elements of the quarter.
US President Donald Trump walks to Marine One prior to departing from the South Lawn of the White House in Washington, DC, January 5, 2018, as he travels for a weekend with Republican lawmakers at Camp David in Maryland.
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