Jobs report blows past expectations as payrolls boom by 916,000 in March

Job growth boomed in March at the fastest pace since last summer, as stronger economic growth and an aggressive vaccination effort contributed to a surge in hospitality and construction jobs, the Labor Department reported Friday. Nonfarm payrolls increased by 916,000 for the month while the unemployment rate fell to 6%. Economists surveyed by Dow Jones… Continue reading Jobs report blows past expectations as payrolls boom by 916,000 in March

Slowing U.S. job growth, rising COVID-19 raise doubts on the recovery’s strength

U.S. employment growth slowed considerably in July, underscoring an urgent need for additional government aid as a resurgence of COVID-19 infections threatens to snuff out the nascent economic recovery. The Labor Department’s closely watched employment report on Friday came as Democratic leaders in Congress and top aides to President Donald Trump struggled to negotiate a… Continue reading Slowing U.S. job growth, rising COVID-19 raise doubts on the recovery’s strength