December payrolls seen soft as jobless rate up
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The U.S. unemployment rate likely hit its highest in more than a year in December, evidence of the rising difficulties Americans face finding a job, according to economists polled by Reuters.
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The US jobless rate dropped in November, but analysts are surprise and disappointed by the weak job creation numbers reported by the US Labour Department.
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The US unemployment rate hit a two-year high in December, data shows, raising fears about a slowdown.
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The sluggish pace of job growth in November hasn&#39;t changed the odds for a quarter point interest rate hike later this month, but maybe it should.
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Private-sector job growth slowed in December and the number of people receiving jobless benefits hit a two-year high in late December, reports released on Thursday showed.
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The number of U.S. workers filing for first-time jobless benefits fell sharply last week, government data showed on Thursday, but the decline was smaller than expected, and economists say layoffs remained elevated because of winter storms.
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Payroll growth was the weakest in two years in February but a lower unemployment rate and a revision higher for January job growth hinted at surprising resilience in the nation's labor market.
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The number of U.S. workers claiming first-time jobless benefits fell 10,000 to a seasonally adjusted 328,000 last week, slightly lower than Wall Street expectations, a government report showed.
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The U.S. labor market looks set for a 'slight softening' in the first three months of 2007, according to a quarterly survey with a strong record of predicting shifts in employment trends.
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U.S. employers added a scant 18,000 jobs in December and the national unemployment rate kicked up to five percent, its highest in more than two years, according to a government report on Friday that underlined the economy's rapidly slowing momentum.
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Hiring practically stalled in December, driving the nation's unemployment rate up to a two - year high of 5 percent and fanning fears of a recession
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Employees at car dealerships, furniture stores, gas stations and clothing retailers were among the hardest hit by job losses in December, when unemployment climbed to a two-year high.
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U.S. government debt prices edged  lower on Friday as job growth in December was seen as  sufficiently strong to allow Federal Reserve officials to keep  raising interest rates.
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The number of workers signing up for jobless benefits edged up a smaller-than-expected 4,000 last week, a government report showed on Thursday.
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WASHINGTON -- The nation's unemployment rate climbed to a four-month high of 4.6 percent as somewhat cautious employers added fewer new jobs to their payrolls in January. Wage gains were even more modest.
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Inflation continued to creep up in December, but the rise in prices will likely do little to hold back an interest rate cut by the Federal Reserve this month.
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The nation's labor market softened slightly last month, with the unemployment rate edging up to 4.6 percent as job growth slowed, the Labor Department said yesterday.