Financial News Network - Economic News

May's record jobs comeback: Here's where the jobs are in one chart

CNBC studied the net change in employment by industry for May based on data from the Labor Department.

Read more: https://www.cnbc.com/2020/06/05/record-job-gains-heres-where-the-jobs-are-in-one-chart-may-2020.html

May sees biggest jobs increase ever of 2.5 million as economy starts to recover from coronavirus

Nonfarm payrolls in May were expected to decrease by 8.333 million while the unemployment rate was seen rising to 19.5%, according to economists surveyed by Dow Jones.

Read more: https://www.cnbc.com/2020/06/05/jobs-report-may-2020.html

Unlike during past economic downturns, Americans have money in their pockets this time

Personal income increased 10.5% in April, the Bureau of Economic Analysis said last week.

Read more: https://www.cnbc.com/2020/06/05/unlike-during-past-economic-downturns-americans-have-money-in-their-pockets-this-time.html

The May unemployment rate is expected to be near 20% as millions more lost jobs

About 8 million Americans lost their jobs in May, on top of the 20.5 million in April, and economists see unemployment peaking near 20%.

Read more: https://www.cnbc.com/2020/06/04/the-may-unemployment-rate-is-expected-to-be-near-20percent-as-millions-more-lost-jobs.html

U.S. productivity falls at 0.9% rate in first quarter

U.S. productivity fell at a 0.9% rate in the first three months of this year, a smaller decline than first estimated, while labor costs rose at a slightly faster pace.

Read more: https://www.cnbc.com/2020/06/04/us-productivity-falls-at-0point9percent-rate-in-first-quarter.html

Jobless claims, total unemployment level worse than expected

First-time claims for unemployment insurance were expected to total 1.775 million last week, according to economists surveyed by Dow Jones.

Read more: https://www.cnbc.com/2020/06/04/weekly-jobless-claims.html

'The Covid-19 recession is over,' says economist Zandi as May job losses not as bad as feared

Finding good news in the loss of another 3 million jobs isn't easy, but the steep drop in private payrolls for May could be a sign that the worst over.

Read more: https://www.cnbc.com/2020/06/03/the-covid-19-recession-is-over-says-economist-zandi-as-may-job-losses-not-as-bad-as-feared.html

Private payrolls decline by 2.76 million in May, ADP says, a much smaller drop than feared

The reported total was well below the 8.75 million estimate from economists surveyed by Dow Jones. The reason for the wide disparity was not immediately clear.

Read more: https://www.cnbc.com/2020/06/03/adp-private-payrolls-may-2020.html

GDP is now projected to fall nearly 53% in the second quarter, according to a Fed gauge

The GDPNow outlook is now showing a 52.8% tumble, following data that manufacturing remains firmly in decline and will weigh on investment and consumption.

Read more: https://www.cnbc.com/2020/06/02/gdp-is-now-projected-to-fall-nearly-53percent-in-the-second-quarter-according-to-a-fed-gauge.html

Sidebar

Economic News

May's record jobs comeback: Here's where the jobs are in one chart

May sees biggest jobs increase ever of 2.5 million as economy starts to recover from coronavirus

Unlike during past economic downturns, Americans have money in their pockets this time

The May unemployment rate is expected to be near 20% as millions more lost jobs

U.S. productivity falls at 0.9% rate in first quarter

Jobless claims, total unemployment level worse than expected

'The Covid-19 recession is over,' says economist Zandi as May job losses not as bad as feared

Private payrolls decline by 2.76 million in May, ADP says, a much smaller drop than feared

GDP is now projected to fall nearly 53% in the second quarter, according to a Fed gauge

More Articles ...

Other News Sites

National Weather