US Added Only 20,000 Jobs Last Month – Fewest Since September 2017 – American businesses and other employers created the fewest new jobs in February in 17 months, the latest sign of a broader slowdown in the U.S. economy. The economy added just 20,000 new jobs last month, the smallest gain since September 2017, the government said Friday.
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BLS: Increased by 148,000 in December 2017. Unemployment Rate Stays at 4.1% From the U.S. Bureau of Labor Statistics, total nonfarm payroll employment rose by 148,000 in December.Job gains occurred in healthcare, construction, and manufacturing.
Higher pay drives home sales, but most new jobs are low wage If all firms set the same price and pay the same nominal wage, then the higher the real wage that they pay, the lower is their markup. In order to motivate employees to work hard and well, firms set the wage sufficiently high so that workers receive an employment rent, in other words, there is a nonzero cost of job loss.
In the final month of 2017, the U.S. economy added 148,000 jobs, while the unemployment rate remained at 4.1 percent, according to the Bureau of Labor Statistics. All told, an additional 2.11.
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Only 88,000 New Jobs Added in March; Economists Predicted 200,000 A cynic might say that the news out of Washington, D.C. is rarely good but today that cynic would be correct. The U.S. Department of Labor released its monthly employment report today and the news was quite disappointing.
There are two other jobs reports. The monthly adp national employment Report is released on the first Wednesday of each month. It’s produced by the ADP Research Institute, SM and Moody’s Analytics. It uses business payroll data to report on the number of jobs added in the private sector.
Construction added 20,000 jobs in September after six months of stagnation. Retail industries added 20,800 jobs, largely at food and beverage stores and automobile dealers, but that was a slower.
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However, employers added only 148,000 jobs in September. U.S. employers added 148,000 jobs in September, with the unemployment rate falling to 7.2 percent, the Labor Department reported Tuesday. Though the jobless rate dropped, the payrolls figure comes in well below consensus expectations, which were at 185,000, according to Bloomberg.
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Professional and business services added 51,000 jobs in June, following little employment change in May (+24,000). Employment growth in the industry has averaged 35,000 per month in the first half of 2019, compared with an average monthly gain of 47,000 in 2018.