Job Picture Brightens with August Hiring
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The US job market brightened modestly in August as employers added 144,000 workers to payrolls and weak hiring tallies for the two prior months were revised up, the Labor Department said on Friday.
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THE NUMBERS: Employers went on a hiring spree in October, adding 337,000 new jobs, the Labor Department said Friday. The surge was the largest in seven months.
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The pace of job creation picked up modestly in August and the unemployment rate edged down, the Labor Department said on Friday in a report that offered some political
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The pace of hiring for U.S. companies in the fourth quarter is expected to be consistent with the solid employment activity of the past six months, and much improved from a year ago, according to Manpower Inc. .
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Employers added a solid 132,000 new jobs in June and boosted payrolls more strongly than previously thought in April and May, according to a Labor Department report that underlined a strengthening job market.
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According to economists and employment analysts, the job picture will be brighter next year.
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The number of new people signing up for unemployment benefits rose sharply last week but the overall level of applications still points to a recovering job market.
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The U.S. economy added jobs at a moderate pace in August, enough to lower the unemployment rate a notch without deepening worries about inflation.
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Employers showed a decent appetite to hire in May, boosting payrolls by 157,000, the most in two months. The unemployment rate held steady at 4.5 percent.
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Employers went on a hiring spree in October, adding 337,000 new jobs, many of them for hurricane cleanup. The surge was the largest in seven months, a sign the jobs recovery may have taken hold.
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The prospect of finding a job in the area is still strong moving into the first quarter, according to the most recent Manpower Employment Outlook Survey.
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Japan's unemployment rate improved in August while a key economic survey released Friday showed growing corporate optimism in the latest signs of a gradual rebound in the world's second largest economy.
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The US economy added 144,000 jobs in August, dropping the unemployment rate to its lowest level in nearly two years and handing George W. Bush fresh ammunition to claim that life is getting better for Americans.
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AMERICA&#39;S payrolls picked up last month, with the economy adding 144,000 jobs, slightly less than economists were forecasting and highlighting the slow and uneven recovery in the labour market that jobseekers have braved.
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The US economy generated 144,000 jobs in August, the Labour Department said, in a sign that the labour market was improving slightly after two sluggish months.
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Fourth quarter hiring in the Buffalo Niagara Falls market is expected to be on the rise according to the latest Manpower Employment Outlook Survey.
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CHICAGO (CBS.MW) - After July&#39;s jobs report came up much weaker than expected, August&#39;s figures probably calmed nerves at the White House and the Federal Reserve, both of which have been making the case that recent economic soft spots were only temporary.