Total nonfarm payroll employment rose by 661,000 jobs in September, the U.S. Bureau of Labor Statistics reported Friday. The unemployment rate fell to 7.9%. The jobs numbers were released as many Americans were waking up to the news that President Donald Trump and the first lady had tested positive for […]
economists
Trump’s boasts about pre-coronavirus economy aren’t relevant, economists say
As President Donald Trump and the Democratic presidential nominee Joe Biden trade boasts and barbs over the former and the current state of the economy, analysts have zeroed in on Trump’s claims of record-high job creation — which comes saddled with significant caveats. “The job market is still a shadow […]
Economists and businesses react as U.K. Chancellor Sunak unveils emergency jobs program
Justin Tallis/Agence France-Presse/Getty Images The U.K. Chancellor Rishi Sunak unveiled an emergency jobs program on Thursday as part of a wider ‘winter economy plan’ to stave off mass unemployment. Load Error The program, replacing the job furlough one, will see the government support “viable jobs” by topping up the […]
Economists expect Shreveport-Bossier to recover some, but not all, jobs in 2021 and 2022
Shreveport-Bossier City likely won’t see full job recovery from COVID-19 until 2023, LSU business professor emeritus of economics Loren Scott said Wednesday. Click to expand UP NEXT Scott spoke virtually on the Louisiana Economic Outlook he produces annually with his co-author LSU professor Greg Upton. The Port of Caddo-Bossier and Committee […]
August jobs report preview: Economists expect job gains at slower pace
The median economist estimate for Friday’s US nonfarm payrolls report is that the economy added 1.37 jobs in August, according to Bloomberg data. That’s a slower pace of jobs gained than in previous months, signaling that the labor market recovery is faltering as the coronavirus pandemic persists. “We shouldn’t confuse […]
Here’s what 4 economists said about the August jobs report
In August, the US economy added 1.37 million jobs and the unemployment rate fell to 8.4%, the Labor Department reported Friday. The report narrowly beat economist expectations, showing that the labor market recovery from the coronavirus pandemic is moving forward. Still, economists worry that the pace of recovery has stalled. […]