Tag: jobs

Residential Construction Hiring Up More Than 300,000 in Last Two Months

Filed in Economics by on July 8, 2020 7 Comments
Residential Construction Hiring Up More Than 300,000 in Last Two Months

The U.S. Department of Labor reported that total payroll employment increased 4.8 million in June as the overall construction sector added 158,000 jobs after a revised increase of 453,000 in May. The number of residential construction jobs rose by 83,200 in June, after an increase of 224,200 in May.

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U.S. Posts Surprise Job Gains as Unemployment Falls to 13.3% in May

Filed in Economics by on June 5, 2020 0 Comments
U.S. Posts Surprise Job Gains as Unemployment Falls to 13.3% in May

In a strong signal that the economy may be rebounding from the COVID-19 pandemic, the U.S. unemployment rate posted a surprise decline from 14.7% in April to 13.3% in May as total payroll employment increased by 2.5 million.

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Historic Job Losses in April

Filed in Economics by on May 8, 2020 0 Comments
Historic Job Losses in April

Employment plunged in April, with a record total of 20.5 million jobs lost for the month. The unemployment rate increased to 14.7%. This level of loss and the unemployment rate are post-World War II highs, and represent a partial reflection of the 33.5 million jobless claims that have been filed over the last seven weeks.

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