Feb 04 2017
According to the broadest measure (U-6), which includes so-called discouraged workers, the jobless rate is much higher - 9.4 percent as of last month.
The unemployment rate ticked up slightly moving from 4.7% in December to 4.8% in January, as labor force participation increased, according to the report. The problem, said the Journal, is that "no one knows how many Americans work as contractors, because they don't fit neatly into the job categories tracked by government agencies [such as the BLS]".
Similarly, one might expect job growth in retail trade (which created 46,000 jobs) and leisure and hospitality (which created 34,000 jobs).
Figures released Friday by the U.S. Labor Department revealed non-farm payrolls increased by 227,000 jobs last month, the largest gain in four months.
However, wage growth cooled from the previous month.
"Manufacturing has always been the backbone of our country, and it is tough to see no significant job gains this month", said Scott Paul, president of the Alliance for American Manufacturing (AAM). The BLS calculated the rate of unemployment-the one that appears in most headlines and that the bureau labels U3-at 4.8 percent for January.
Analysts at USA financial services firm Cowen & Co said this week in a note that capital expenditure tracking showed 31 exploration and production (E&P) companies planned to increase spending by an average of 36 percent in 2017 over 2016. That pace, however, would be more than enough to continue to bring down the unemployment rate.
Couriers and other cargo-handling businesses slashed payrolls by 13,000 jobs in January, ending several months of gains during which the logistics sector ramped up for the holiday season.
Across-the-board job growth: January's job gains cut across sectors. Growth has averaged about 2% a year since 2010, fueled by a surge in hiring that has reduced the unemployment rate near a nine-year low.
If nothing else, Donald Trump has a rather unique opportunity to prove or disprove the Fed's thesis, thanks to that populist uprising.
Average wages increased by 3 cents and now sit at $26.00 for the month of January. With 170,000 construction jobs added over the last 12 months, builders are increasing capacity, which should translate into continued home building.
The ISM said its non-manufacturing index edged down to 56.5 in January from a revised 56.6 in December, although a reading above 50 still indicates growth in the service sector.
Feb 04 2017
Indian children died after 'eating lychees on empty stomach'
When their blood sugar level dropped, the body would start to metabolize fatty acids to produce a necessary boost of glucose. With an already low level of glucose in the morning, eating fallen lychees was fatal.
Feb 03 2017
Washington Sues Trump Over Immigration Executive Order
It temporarily bans immigrants from seven countries and suspends the refugee program. Ferguson argues that the Executive Order violates the U.S.
Feb 03 2017
Lady Gaga Featured in Tiffany & Co.'s First Super Bowl Commercial
Gaga topped her entire look off with cool mid-calf blue booties with a chunky red heel - she looked like Uncle Sam. Her large spectacle was incredibly hyped as her shows are often over-the-top and intricate.
Feb 03 2017
Facebook Revenues Soar As Its Nears 2 Billion Users
And 1.74 billion of Facebook's 1.86 billion monthly active users were on mobile devices for at least some of their visits. However, many analysts have raised concerns about Facebook's ability to meet its own targets it sets every quarter.
Feb 02 2017
Final Fantasy XV Director Talks VR and Potential PC Port
Performance hiccups made traveling the world, a major element of the game's design, much less enjoyable than it could have been. Paul Chapman is the host of The Greatest Movie EVER! Kitase: "We're still brushing up the scenes we showed you in the trailer".
Jan 31 2017
Chuck Schumer Vows To Fight Trump Immigration Order
The Department of Homeland Security said the court rulings would not stop implementation of Trump's order. Democrats will fight President Donald Trump's "unconstitutional" refugee ban, pledged a teary-eyed Sen.
Jan 31 2017
Hyperloop passenger pods hurtle along a test track in California contest
The second phase takes place this summer and will focus on top speeds, with the three finalists being joined by additional teams. And eventually three teams took part in a race in a 1.2 kilometer long test tube, including that of TU Delft.
Jan 31 2017
At State Department, 'Dissent Channel' In High Gear With Refugee Ban Protests
Once a memo is filed in the State Department's dissent channel , staff must acknowledge they have received it within two days. But many in the State Department want to be on record expressing their disagreement with the Trump White House's actions.
Jan 31 2017
Airlines Offer Full Refund in Wake of Travel Ban
British Airways , for example, said Monday that it is offering affected customers a refund for their planned travels to the U.S. The organisation said as a "matter of principle" it works for the free movement of trade and people across borders.
Jan 29 2017
Mobius Final Fantasy Getting Steam Release, Final Fantasy VII Collaboration Annouced
Shortly after Mobius comes out on PC, the Final Fantasy 7 Remake collaboration event that ran in Japan launches on these shores. Commenting on the crossover, Hamaguchi said that players of Final Fantasy 7 Remake will be joining Cloud on his adventures.
Feb 03 2017United States oil exports set to hit all-time high under Trump
Feb 02 2017Underwater Filmmaker Missing Off Florida Keys
Feb 02 2017Polish FM calls EC President's letter on Trump 'inappropriate'
Feb 01 2017Sen. King 'Concerned' by Trump's National Security Council Changes
Feb 01 2017Korea agree to strengthen defense against N. Korean threat
Feb 01 2017MacBook Pro with Touch Bar banned from bar exam in multiple states
Feb 01 2017Australia, US agree to deal exempting Australian citizens from travel ban
Jan 31 2017Almost 200 in downtown Tulsa for pipeline protest
Jan 29 2017Nigerians lose bid to sue oil giant Shell
Jan 29 2017Turkey may cancel Greece migration deal in extradition row
Feb 04 2017CBS, Entercom to Merge Radio Business
Feb 02 2017Three killed in vehicle blast in Punjab town
Feb 01 2017Walmart Just Gave Shoppers a Big Reason to Drop Amazon
Feb 01 2017Eurozone GDP growth beats expectations as inflation edges up and unemployment falls
Feb 01 2017Trump's Controversial Education Pick Betsy DeVos Barely Clears Senate Hurdle
Feb 01 2017Nintendo Officially Ends Wii U Production in Japan
Jan 31 2017The ACLU Raised $10 Million Since Saturday
Jan 31 2017Apple Removes iCloud Activation Lock Status Page for Reasons Unknown
Jan 31 2017Snap will reportedly file publicly for its massive IPO late next week
Jan 31 2017American basketball players reportedly stranded amid travel bans
Jan 30 2017Spurs Advance After Seven-Goal Thriller
Jan 30 2017GM to slash up to 600 jobs in southwestern Ontario, union says