The U.S. added 199,000 jobs in November, according to a recent survey from the U.S. Bureau of Labor Statistics (BLS). The unemployment rate also fell 3.7% during November. The two industries that experienced the biggest gains were health care and …
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U.S. Economy Adds 467,000 Jobs in January
In light of an influx of omicron infections, U.S. employers added 467,000 jobs in January, surprising experts who predicted only a slight increase in job additions. In the retail trade, employment rose by 61,000, with building and garden supply stores …
Read More »3 Takeaways From the May Jobs Report
According to the U.S. Bureau of Labor Statistics, the economy added 559,000 jobs in May, reducing the national unemployment rate to 5.8 percent. Notable job gains happened in public and private education, hospitality and health care. Take a deeper dive …
Read More »Analyzing U.S. Unemployment Rates in 2020
One of COVID-19’s biggest impacts on retail is the unemployment rate it has left in its wake. In January, U.S. unemployment stood at 3.6 percent, but rose sharply by April to 14.7 percent as the pandemic forced many businesses to …
Read More »Initial Unemployment Claims Fall Below 1M
According to data from the U.S. Department of Labor, weekly initial jobless claims have fallen below 1 million for the first time in almost five months. Around 963,000 people filed for first-time unemployment benefits last week. In late March, initial …
Read More »U.S. Retail Sales Climb 17% in May
Retail sales in the U.S. grew by a seasonally adjusted rate of 17.7 percent in May over April, new data from the U.S. Commerce Department shows. The increase sets a new record for monthly retail growth. Sales at building materials …
Read More »U.S. Unemployment Rate Falls to 13.3% in May
The Bureau of Labor Statistics (BLS) released a report Friday showing the U.S. economy gained 2.5 million jobs in May, bringing the U.S. unemployment rate to 13.3 percent for the month, lower than April’s unemployment rate of 14.7 percent. Friday’s …
Read More »U.S. Retail Sales Fall Record 16% in April
U.S. retail sales fell 16.4 percent from March to April, as many cities and states enacted stay-at-home orders to stem the spread of COVID-19 in the country. The 16 percent drop seen in April nearly doubles the sales slowdown seen …
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