Economic and jobs news thread

[weatheriscool]

Catastrophic BLS Jobs Report, US economy loses 92,000 jobs in January, Unemployment rises to 4.4%
https://www.bls.gov/news.release/archiv ... 062026.htm

December revised down -65K from +48,000 to -17,000. January revised down from 130,000 to 126,000.

These are truly awful jobs numbers. All of 2025 for jobs growth stands at less than 125,000 jobs. 10,000 jobs a month for a whole year is catastrophic.

I'm old enough to remember a month where Biden was expected to add 300,000 jobs in a month and he only added 188,000 and he got hammered in the news for weeks for the "weakening" jobs market. This is 125,000 jobs in a whole year!

This is disaster for workers, the Biden jobs market is what delivered real wage growth for working people, that is wage growth in excess of inflation, that era is gone and you're going to see wages start to fall as employers can be more selective and offer less. If Biden were presiding over these jobs reports, there would be constant calls for him to resign.

This means the economy added just 9,000 jobs over the last 3 months. TRUMP NEEDS TO RESIGN, he has destroyed the economy!

[Yuli Ban]

Catastrophic BLS Jobs Report, US economy loses 92,000 jobs in January, Unemployment rises to 4.4%
https://www.bls.gov/news.release/archiv ... 062026.htm

December revised down -65K from +48,000 to -17,000. January revised down from 130,000 to 126,000.

These are truly awful jobs numbers. All of 2025 for jobs growth stands at less than 125,000 jobs. 10,000 jobs a month for a whole year is catastrophic.

I'm old enough to remember a month where Biden was expected to add 300,000 jobs in a month and he only added 188,000 and he got hammered in the news for weeks for the "weakening" jobs market. This is 125,000 jobs in a whole year!

This is disaster for workers, the Biden jobs market is what delivered real wage growth for working people, that is wage growth in excess of inflation, that era is gone and you're going to see wages start to fall as employers can be more selective and offer less. If Biden were presiding over these jobs reports, there would be constant calls for him to resign.

This means the economy added just 9,000 jobs over the last 3 months. TRUMP NEEDS TO RESIGN, he has destroyed the economy!

"Destroyed"
You haven't seen "destroyed" yet, oh boy

[weatheriscool]

U.S. payrolls rose by 178,000 in March, more than expected; unemployment at 4.3%

Source: CNBC

Published Fri, Apr 3 2026 8:30 AM EDT Updated 5 Min Ago

The U.S. labor market bounced back in March, with job creation much stronger than expected though the broader picture of a slow-growth labor market held intact.

Nonfarm payrolls rose a seasonally adjusted 178,000 during the month, a reversal from the 133,000 decline in February and better than the Dow Jones consensus estimate for 59,000, the Bureau of Labor Statistics reported Friday. February’s number was revised down by 41,000 while January was revised up by 34,000 to 160,000, putting the three-month average around 68,000.

The unemployment rate edged lower to 4.3%, though that was largely from a sharp reduction in the labor force.



“The bottom line is March was somewhat encouraging, but it’s been a rocky year for the labor market with almost no hiring since last April,” said Heather Long, chief economist at Navy Federal Credit Union. “The March data will keep the Federal Reserve on hold, but no one is declaring victory yet. It’s likely to be a tough spring for job seekers.”

Read more: https://www.cnbc.com/2026/04/03/jobs-re ... 2026-.html

[firestar464]

[weatheriscool]

Consumer prices rose 3.3% in March, as energy prices spiked due to Iran conflict

Source: CNBC

Published Fri, Apr 10 2026 8:31 AM EDT Updated 2 Min Ago

Consumer prices spiked in March as the Iran war sent energy costs soaring and took the Federal Reserve further from its inflation target, according to a Bureau of Labor Statistics reported Friday. Underlying inflation, however, was relatively tame.

The consumer price index increased a seasonally adjusted 0.9% for the month, putting the annual inflation rate at 3.3%, pushed by a 10.9% surge in energy costs. Both numbers were in line with the Dow Jones consensus. The annual rate was the highest since April 2024 and up from 2.4% in February.



However, excluding food and energy, core prices rose much less – just 0.2% for the month and 2.6% from a year ago, both 0.1 percentage point below forecast, indicating that underlying inflation was more contained. There even were even pockets of outright price declines, as medical care, personal care, and used cars and trucks all fell during the month.

The Iran conflict was the story for the monthly inflation reading, as gasoline soared 21.2%, accounting for nearly three-quarters of the headline price increase, according to the BLS.

Read more: https://www.cnbc.com/2026/04/10/cpi-inf ... -2026.html

[weatheriscool]

[weatheriscool]

Private payrolls rose by 109,000 in April, topping expectations, ADP says

Source: CNBC

Published Wed, May 6 2026 8:15 AM EDT

Private sector job creation was stronger than expected in April, providing more evidence of a stable labor market and less incentive for the Federal Reserve to lower interest rates amid persistently higher inflation, ADP reported Wednesday.

The payrolls processing firm said companies added 109,000 jobs for the month, a step up from the 61,000 created in March and better than the Dow Jones consensus estimate for 84,000. The March total was revised down by 1,000.

Wages for those staying in their jobs rose 4.4% annually, down 0.1 percentage point.

As has been the case, job creation was concentrated in a few key categories, an indication that while hiring overall is solid, the benefits are not being spread out over sectors.

Read more: https://www.cnbc.com/2026/05/06/private ... -says.html

[weatheriscool]

US employers defy economic shock from Iran war and add a surprisingly strong 115,000 jobs in April


Source: AP

Updated 9:23 AM EDT, May 8, 2026

WASHINGTON (AP) -- America's employers a delivered a surprising 115,000 new jobs last month despite an economic shock from the Iran war. Hiring was better than the 65,000 forecasters had expected, though it decelerated from the 185,000 jobs created in March. The unemployment rate remained at a low 4.3%.

The Iran war has caused the biggest disruption of global oil supplies in history and sent average U.S. gasoline prices surging past $4.50 a gallon this week. But the conflict hasn't done much damage to the American job market so far.

Healthcare added 37,000 jobs last month and transportation and warehousing companies 30,000. However, manufacturers cut 2,000 jobs in April and have shed 66,000 jobs over the past year despite President Donald Trump's protectionist policies aimed at creating factory jobs.

Labor Department revisions shaved 16,000 jobs from February and March payrolls. Average hourly earnings rose 0.2% from March and 3.6% from April 2025, consistent with the Federal Reserve's 2% inflation target. The number of people in the U.S. labor force dropped last month, and the share of those working or looking for work -- the so-called labor force participation rate -- dropped to 61.8%, lowest since October 2021.

Read more: https://apnews.com/article/jobs-economy ... 100af45504

[weatheriscool]

Consumer prices rose 3.8% annually in April, the highest since May 2023


Source: CNBC

Published Tue, May 12 2026 8:30 AM EDT Updated 3 Min Ago

Prices that consumers pay for a wide range of goods and services increased at a faster-than-expected pace in April, as another burst in energy prices raised further concerns about inflation’s impact on the U.S. economy.

The consumer price index rose at a seasonally adjusted 0.6% for the month, putting the one-year pace at 3.8%, the Bureau of Labor Statistics reported Tuesday. The monthly rate was as forecast, but the annual rate was 0.1 percentage point above the Dow Jones consensus.

Excluding food and energy, the core CPI increased 0.4% and 2.8%, respectively, keeping inflation well above the Federal Reserve’s 2% goal as the monthly rate was the highest since January 2025. Fed officials consider core a better indicator of longer-term inflation trends.

The annual headline inflation rate was the highest since May 2023 and was up half a percentage point from March. Core inflation rose 0.2 percentage point annually.

Read more: https://www.cnbc.com/2026/05/12/cpi-inf ... 2026-.html

[caltrek]

Donald Trump and Republicans in Congress gave Amazon an $8 BILLION tax handout last year.

Meanwhile, Amazon executives are planning to replace more than 600,000 workers with robots.

-Elizabeth Warren

[caltrek]

Landmark Study Finds Trump’s Mass Deportation Agenda Is Costing Americans Jobs
By Brad Reed
May 19, 2026

Introduction:

(Common Dreams) A landmark study published by the National Bureau of Economic Research has found that President Donald Trump’s mass deportation operations are actually costing Americans jobs, contrary to the White House’s frequent claims that its anti-immigration agenda is helping US workers.

The NBER study, which was published last month and reported on by The New York Times Tuesday, claims to provide “the first national, causal empirical evidence on the labor market impacts of immigration enforcement in the second Trump administration,” and finds that mass deportations have not resulted in more job offers for native-born Americans.

In fact, the study identifies “a negative and significant impact on employment of US-born male workers with at most a high-school education” who are working in industries that employ the most undocumented immigrants, including construction, agriculture, and manufacturing.

The study finds that instead of hiring more US-born workers in the absence of available undocumented workers—who may have been deported, left the country to avoid deportation, or have stayed home out of fear of immigration raids—employers are more likely to simply slow down economic activity altogether, which has a cascading impact on related industries.

“We see no evidence that employers increase wages to attract US-born workers to fill these jobs in the face of immigration enforcement,” the researchers explain. “Instead, our results are consistent with employers reducing labor demand overall, including for jobs more often taken by US-born workers.”

Read more here: https://www.commondreams.org/news/trum ... loyment

[weatheriscool]

[weatheriscool]

[weatheriscool]

Core inflation hit an annual rate of 3.3% in April, as expected, Fed's preferred gauge shows

Source: CNBC

Published Thu, May 28 2026 8:32 AM EDT Updated 27 Min Ago

Inflation continued to hit consumer wallets in April, likely keeping the Federal Reserve on the sidelines until the current wave subsides, fresh pricing data released Thursday showed.

The personal consumption expenditures price index increased a seasonally adjusted 0.4% for the month, putting the 12-month inflation rate at 3.8%, the Commerce Department reported. Economists surveyed by Dow Jones had been looking for respective readings of 0.5% and 3.8%. Excluding food and energy, core prices rose 0.2% for the month and 3.3% for the year, against estimates of 0.3% and 3.3%.

While the annual rates were in line with forecasts, the soft monthly readings could provide some hope that the burst in prices over the previous month had begun to ease. The Fed takes in a wide dashboard of indicators, but uses the PCE measures as its prime forecasting and policy tool. Officials generally consider core a better indicators of long-term inflation trends as it excludes the volatile gas and groceries components.

In other economic news Thursday, gross domestic product growth in the first quarter was less than expected. GDP accelerated at an annualized rate of just 1.6% for the period, according to a revised Commerce Department reading that was below the initial estimate of 2%.

Read more: https://www.cnbc.com/2026/05/28/core-in ... hows-.html


From the source - https://www.bea.gov/news/2026/personal- ... april-2026