Page 6 - Eric Morath News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Provided by Dow Jones By Amara Omeokwe U.S. employers added 559,000 jobs in May and the unemployment rate fell to 5.8%, in a pickup of the labor market's recovery from the pandemic amid signs that businesses struggled to fill job openings. Last month's gain represented an improvement from April, when the unemployment rate was 6.1% and the economy added a revised 278,000 jobs, a gain much smaller than economists had forecast. Economists had expected 671,000 jobs added and a 5.9% unemployment rate in May. Job gains in May were led by leisure and hospitality, whi...

Provided by Dow Jones By Sarah Chaney Cambon Initial unemployment claims through regular state programs dropped to 444,000 last week, marking a new low level since the pandemic hit in mid-March 2020. The number of people receiving benefits through state and pandemic-related pandemic programs also declined at the beginning of May to 16 million people from 16.9 million in late April, the Labor Department said Thursday. That includes benefits through one of several programs, including regular state aid and federal emergency programs put in place in response to the ...

The ransomware attack that forced the closure of the largest U.S. fuel pipeline at the weekend showed how cybercriminals pose a far-reaching threat to the aging, vulnerable infrastructure that keeps the nation's energy moving.

Following a disappointing new report showing the U.S. economy added only 266,000 jobs in April, many in the mainstream media were quick to suggest that a key factor to the slow job growth is overly generous pandemic-related unemployment benefits -- echoing a common right-wing media talking point that serves to demonize workers. Despite a lack of evidence pointing to a conclusive finding for these low numbers, many analyses prioritized questioning unemployment benefits while downplaying the low wages, lack of benefits, and exploited labor that many businesses rely on.  On Friday, the U.S. De...

Provided by Dow Jones By Sarah Chaney Cambon and Gwynn Guilford Hiring unexpectedly slowed in April, a sign the recovery faces temporary setbacks as many businesses struggle to find workers or remain cautious about the economic outlook. U.S. employers added a modest 266,000 jobs in April, far short of the one million economists had forecast and the weakest monthly gain since January, Friday's Labor Department report showed. The deceleration came after payrolls rose a downwardly revised 770,000 in March. The unemployment rate ticked up to 6.1% in April from...