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May 8, 2021 Share The Biden administration moved quickly on Friday to allay concerns that a surprisingly weak jobs report issued by the Bureau of Labor Statistics suggests that the American Rescue Plan, a $1.9 trillion stimulus package that became law in March, is failing in its goal of revitalizing the economy. Economists and policymakers in the U.S. were stunned Friday morning when the BLS reported that the U.S. economy, thought to be expanding at a rapid pace, added only 266,000 jobs...

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U.S economy added just 266,000 jobs last month, vs. estimates for 1 million or higher Lucy Bayly © Provided by NBC News The U.S. economy gained a disappointing 266,000 jobs last month, despite widespread forecasts that predicted a number that would top 1 million, according to the latest monthly employment report from the Bureau of Labor Statistics. Popular Searches The unemployment rate rose from 6 percent to 6.1 percent, contrary to expectations but still down from a historic...

Johannes Eisele/AFP/Getty Images America may be coming out of a pandemic, but its jobs recovery may not be as rosy as some economists believed. That doesn’t mean that everyone should be freaking out — at least not yet. Almost everything about the economy over the past year has been unprecedented, and much of it surprising. The US economy added 266,000 jobs in April, a huge miss compared to the 1 million jobs economists expected. The unemployment rate in April ticked up a bit to 6.1 percent,...

"While working teens were dealt a particularly difficult hand during this pandemic, with the industries in which they typically expected to find jobs struggling the most during last spring and summer, there is reason for optimism as hiring in these industries has rebounded in recent months," said Luke Pardue, an economist at human resource provider Gusto. In fact, the battered leisure and hospitality industries notched the biggest hiring gains in an otherwise dismal jobs report Friday. Restaura...

Biden: Low Jobs Number Shows ‘We Have a Long Way to Go’ May 8, 2021 The Biden administration moved quickly on Friday to allay concerns that a surprisingly weak jobs report issued by the Bureau of Labor Statistics suggests that the American Rescue Plan, a $1.9 trillion stimulus package that became law in March, is failing in its goal of revitalizing the economy. Economists and policymakers in the U.S. were stunned Friday morning when the BLS reported that the U.S. economy, t...

Quotes delayed at least 15 minutes. Real-time quotes provided by BATS BZX Real-Time Price. Market Data provided by Interactive Data (Terms & Conditions). Powered and Implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund and ETF data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions. This material may not be published, broadcast, rewritten, or redistr...

Jobless Claims Plunge as Nation Enters Post-Pandemic Recovery Stage May 6, 2021 – The Labor Department reported that 498,000 Americans filed new claims for state unemployment benefits. This is the lowest level for initial claims since March 14, 2020 when it was 256,000. The previous week’s level was revised up by 37,000 from 553,000 to 590,000. With the revisions, this is the lowest level of claims since the pandemic struck last year. Economists surveyed by the Wall Street Journal had been ...

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