iOS app Android app

May Jobs Report

Sunday Roundup

Arianna Huffington | Posted 06.08.2014 | Politics
Arianna Huffington

With Friday's numbers showing the addition of 217,000 jobs, the U.S. finally restored the 9 million jobs lost in the recession -- five years after it supposedly ended. But we can keep the champagne on the shelf: we still need an estimated 7 million more jobs to keep up with population growth; if we count those who've dropped out of the labor force, our current unemployment rate would actually be 9.7 percent; and, adjusting for inflation, hourly wages are actually lower now than at the end of the recession. So we may have recovered 9 million jobs, but we seem to have lost all sense of urgency about saving the middle class. Meanwhile, the swap of Sgt. Bowe Bergdahl for five detainees held at Guantanamo was as messy and ambiguous as the overlong war it sprung out of.

U.S. Adds 217,000 Jobs In May, Unemployment Rate Remains At 6.3%

Posted 06.06.2014 | Business

The U.S. economy added 217,000 jobs in May, as the unemployment rate remained unchanged at 6.3 percent, the Bureau of Labor Statistics reported Friday...

Job Report, First Impressions: A Tale of Two Surveys

Jared Bernstein | Posted 07.02.2014 | Business
Jared Bernstein

Payroll growth was strong and broad based last month and the jobless rate fell sharply, but that seemingly impressive decline in unemployment was wholly due to the shrinking labor force.

U.S. Creates 288,000 Jobs In April, Unemployment Rate Falls To 6.3%

Posted 05.02.2014 | Business

The U.S. economy added 288,000 jobs in April, as the unemployment rate fell to 6.3 percent, the Bureau of Labor Statistics reported Friday. Here's...

Arthur Delaney

Bad News For The Long-Term Unemployed

HuffingtonPost.com | Arthur Delaney | Posted 06.07.2013 | Politics

WASHINGTON -- The economy added 175,000 jobs in May, the Labor Department said Friday, but the number of people out of work six months or longer remai...

The Policy Absurdity of the Monthly Jobs Report

Mohamed A. El-Erian | Posted 08.07.2013 | Business
Mohamed A. El-Erian

There is one thing worse than addressing a problem with imperfect solutions. It is not addressing the problem when better solutions are available. Yet this is what seems to happen every month in reaction to the highly-watched employment report.

Jobs Day: First Impressions -- High Stakes Musical Chairs

Jared Bernstein | Posted 08.07.2013 | Business
Jared Bernstein

What we have here is a high stakes game of musical chairs, as payrolls grow at a steady, if not-that-impressive, clip, essentially adding chairs to the game. Meanwhile, more players are coming off the sidelines, looking for places to sit.

Mark Gongloff

175,000 JOBS

HuffingtonPost.com | Mark Gongloff | Posted 08.07.2013 | Business

The U.S. economy continued to churn out low-paying jobs in June, as the weakest labor-market recovery since World War II ground sluggishly ahead. ...

Small Businesses Cut Jobs

Reuters | Posted 08.05.2013 | Small Business

WASHINGTON, June 5 (Reuters) - U.S. small businesses cut back on staff slightly in May, the first decline in six months and a sign of weakness in th...

Mark Gongloff

165,000 JOBS

HuffingtonPost.com | Mark Gongloff | Posted 05.10.2013 | Business

The job market may not be as weak as it looked just a month ago -- but it is still nowhere near as strong as it could be. Employers added 165,000 w...

Obama Has Some Explaining to Do

Abby Huntsman | Posted 08.04.2012 | Politics
Abby Huntsman

People won't be voting for Obama or Romney based on an exact unemployment rate or number of jobs created each month, they'll be voting based on whether they feel better or worse off after four years of the current President.

West Slams 'Desperate' Obama

The Huffington Post | Paige Lavender | Posted 06.02.2012 | Politics

Rep. Allen West (R-Fla.) criticized Obama after Friday morning's jobs report fell far below expectations, saying the numbers will make the president a...

How The Jobs Slowdown Could Cost Obama The Election

The New Yorker | Posted 06.02.2012 | Politics

I hate to ruin your weekend, but let's be honest: Mitt Romney now has a good chance of being the next President. How good is good? Your guess is wo...

Investors Brace for Global Slowdown

Mohamed A. El-Erian | Posted 06.02.2012 | Business
Mohamed A. El-Erian

The U.S. has lost an important part of its global leadership role. The G7 and IMF lack legitimacy and credibility. And the G20 is still working on its operational effectiveness. All this speaks to continued uncertainty and volatility -- economic, financial, political and social. Since the world starts naturally long risk assets, we could well see more investors seeking less risky asset allocations, including cash in what they deem as "safe jurisdictions." In the process, valuations -- for bonds, commodities, currencies, and equities -- could well diverge for a while from what many deem to be historically fair valuations. As Will Rogers is said to have observed decades ago, investors should be concerned with the return of their money and not just the return on their money.

Stocks Free Fall After Dismal Jobs Report

AP | DANIEL WAGNER | Posted 08.01.2012 | Business

Alarmed by an ominously weak U.S. jobs report, investors ran for safety Friday from new worries about a global slowdown, sending the Dow Jones industr...

Employment Disappoints AGAIN

Diane Swonk | Posted 08.01.2012 | Business
Diane Swonk

Bottom Line: The U.S. is not an island, and what happens abroad matters here. The weakness in Europe, in particular, has a global reach and is affecting us.

Jobs: It Is (Long Past) Time for Government to Act

Dave Johnson | Posted 08.01.2012 | Business
Dave Johnson

Combine a too-optimistic administration with a Republican Party that is sabotaging the economy as a campaign strategy and what do you get? You get today's terrible jobs report.

Is Dismal Jobs Report the Signal Independents Are Seeking?

Matthew Dowd | Posted 08.01.2012 | Politics
Matthew Dowd

For the Obama campaign, the May jobs number of 69,000 being created is extremely bad news at an extremely bad time. This moment is one of those signals that could begin to push swing voters over to Romney.

The Jobs Stall

Robert Reich | Posted 08.01.2012 | Politics
Robert Reich

Republicans will have a field day with today's jobs report, taking it as a sign that Obama's economic policies have failed and we need instead their brand of fiscal austerity combined with more tax cuts for the wealthy. But that's precisely the reverse of what's needed.

'Work To Do': A Sad Soundtrack for a Painful Jobs Report

David Wild | Posted 08.01.2012 | Entertainment
David Wild

Here's my own suggested playlist to take this economic sad song and try to make it just a little bit better.

Romney Says May Jobs Report Is "Devastating News" For American Workers And Families

The Huffington Post | Sabrina Siddiqui | Posted 06.01.2012 | Politics

Mitt Romney called the May jobs report "devastating news" for both American workers and families. The Republican presidential candidate released the f...

May Jobs Report: First Impressions (Updates)

Jared Bernstein | Posted 08.01.2012 | Business
Jared Bernstein

This is America! We don't lie down, throw up our hands, point our fingers, and give up! We roll up our sleeves and try to fix stuff. So, what should we do right now after the May jobs report? Here are some thoughts, in order of political plausibility.

TODAY: Jobs Report Coming

Reuters | Posted 07.31.2012 | Business

* Nonfarm payrolls likely rose 150,000 in May * Unemployment rate seen unchanged at 8.1 percent * Average hourly earning...

May Jobs Report: Some Context

Jared Bernstein | Posted 07.31.2012 | Business
Jared Bernstein

With the Friday jobs report, you want to think about the nexus of jobs and policy in the longer term, which in this case asks, "what did the administration do to offset the massive contraction in labor demand, aka the Great Recession?" The answers to that are the Recovery Act, financial and auto rescues, unemployment insurance extensions, payroll tax cuts, and more. Those measures demonstrably pulled the recovery, tepid as it is, forward, saved and created millions of jobs, and hastened the turnaround in net jobs growth. You might also want to note that Republicans have generally tried to block all of the above, and since 2010, have successfully blocked efforts like the American Jobs Act to do more to help offset the residual drag from the downturn. In that regard, their fingerprints are the most prominent ones on the current slog.

The View From the Rooftops

Mitch Feierstein | Posted 05.07.2012 | Business
Mitch Feierstein

Shareholders need to take a hit. That way, the ground will be cleared for better managed companies and stockholders will be reminded about the responsibilities of ownership. And central bankers should take responsibility too.