U.S. job growth was less than expected in August and the unemployment rate dropped to a 4½ year low as workers gave up the search for work, which could delay the Federal Reserve scaling back its massive monetary stimulus later this month. Read More »
.S. employers added 165,000 jobs in April, and hiring was much stronger in the previous two months than first thought. The gains trimmed the unemployment rate to a four-year low of 7.5 percent. Read More »
If you're thinking the labor market feels lousy, just released data from the federal government will bolster your suspicions.
The Labor Department said Friday that data from the nation's employers showed that they added only 69,000 jobs in May, far fewer than the 150,000 that analysts had expected, while a... Read More »