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Showing blog posts tagged with unemployment

Just Because the Engine is Running Doesn’t Mean It Has Gas

Last week, in good news for everyone, the Bureau of Labor Statistics (BLS) reported a monthly net payroll gain of 321,000 in November and revised the gains for September and October by an additional 44,000. This means over the last three months, job gains averaged a little more than 278,000. That is a number big enough to finally bring down the unemployment figures in a meaningful way. And, it means this is the strongest year of job growth since 1998.

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BLS June Jobs Report Shows Increase of 288,000 Jobs, Marking Lowest Unemployment Rate Since 2008

BLS June Jobs Report Shows Increase of 288,000 Jobs, Marking Lowest Unemployment Rate Since 2008

The economy added 288,000 jobs in June, up from 217,000 in May, and the unemployment rate was 6.1%, a dip from last month’s 6.3%, according to figures released this morning by the U.S. Bureau of Labor Statistics. This marks the lowest unemployment rate since 2008 and the best five-month stretch of job growth since the early 1990s. 

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