Advertisement
 
YOU ARE HERE: LAT HomeCollectionsJobs Report
IN THE NEWS

Jobs Report

BUSINESS
December 6, 2013 | By Andrew Tangel
NEW YORK -- The Dow Jones industrial average surged nearly 200 points Friday after the U.S. Labor Department reported the economy gained 203,000 new jobs in November, beating expectations. The Dow added 198.69 points, or 1.3%, closing at 16,020.20. The broader Standard & Poor's 500 index gained 20.06, or 1.1%, to 1,805.09. The tech-focused Nasdaq composite index rose 29.36, or 0.7%, to 4,062.52. Investors brushed aside worry that an improving labor market might push the Federal Reserve to ease off its monetary stimulus sooner rather than later.
Advertisement
BUSINESS
December 6, 2013 | By Ricardo Lopez
Consumer confidence unexpectedly rebounded in December to a five-month high after slumping in recent months partly due to the partial government shutdown, according to a Thomson Reuters/University of Michigan preliminary reading.  The widely watched gauge of consumer sentiment reached 82.5, up from a November reading of 75.1 The boost is likely to be welcomed by retailers, who have reported weak holiday sales compared with last year. On Thursday, data firm Retail Metrics reported that same-store retail sales -- excluding figures from the Gap and Zumiez chains -- rose an anemic 1.9% last month, missing expectations for a 3% year-over-year increase.  PHOTOS: Richest and poorest cities in America November's weak sales disappointed retailers who had gone all-out in their efforts to lure consumers.
BUSINESS
December 6, 2013 | By Andrew Tangel
NEW YORK -- Stocks jumped nearly 1% after the U.S. Labor Department reported the economy gained 203,000 new jobs in November, beating expectations. The Dow Jones industrial average added 141.02 points, or 0.9%, to 15,962.53 shortly after the opening bell on Wall Street. The Standard & Poor's 500 index gained 16.27 points, or 0.9%, to 1,801.30. The tech-focused Nasdaq composite index rose 28.96 points, or 0.7%, to 4,062.12. QUIZ: How much do you know about the stock market?
BUSINESS
October 22, 2013 | By Jim Puzzanghera
WASHINGTON -- After a lackluster September employment report, a top White House official warned Tuesday that the partial government shutdown led the labor market to worsen this month and probably cost the economy "a decent number of jobs. " Jason Furman, chairman of the White House Council of Economic Advisers, noted that September was the 43rd straight month of private sector job growth. In a report delayed by the shutdown, the Labor Department said the economy added 148,000 jobs overall last month, well below analyst expectations of 185,000.
BUSINESS
October 22, 2013 | By Don Lee
WASHINGTON - The job market weakened in September amid a slowdown in key growth engines such as healthcare and leisure - a worrisome sign given that the employment picture probably worsened this month with the partial federal government shutdown. Employers last month added a modest 148,000 net new jobs, the Labor Department said Tuesday. That was down from an upwardly revised job growth of 193,000 in August, and well below analysts' forecasts for about 180,000 new jobs in September.
BUSINESS
October 22, 2013 | By Don Lee and Jim Puzzanghera
WASHINGTON -- After the lackluster September employment report, many analysts agree that the Federal Reserve is now likely to put off a reduction in its bond-buying stimulus program until next year, possibly as late as March. That expectation was behind the cheery Wall Street reaction to the Labor Department's disappointing report Tuesday: The economy added a modest 148,000 net new jobs last month, completing a third quarter during which job growth averaged just 143,000 a month -- down from 182,000 in the second quarter and 207,000 in the first three months of the year.
BUSINESS
October 22, 2013 | By Don Lee
WASHINGTON -- The nation's unemployment rate dropped to a five-year low of 7.2% in September, the government reported Tuesday, but employers continued to show reluctance in hiring as they added a moderate 148,000 jobs over the month. The Labor Department report, delayed 2 1/2 weeks because of the partial federal government shutdown, reflected an economy growing at a lackluster rate. The latest job gains matched the pace since the start of summer but came in below Wall Street's forecast for an increase of about 175,000 jobs.
BUSINESS
October 3, 2013 | By Don Lee
WASHINGTON -- It's official: The Labor Department will not issue the September jobs report Friday. In a brief statement, the agency confirmed that because of the partial government shutdown, it would not be releasing on time what is widely viewed as the single most important monthly economic indicator. The jobs report is almost always released on the first Friday of the month, and it includes statistics on unemployment and payroll changes. There was speculation that the report could be issued as scheduled under a special exception.
BUSINESS
October 1, 2013 | By Don Lee
WASHINGTON -- With signs of slowing in the important housing industry recently, home builders and others have been waiting for government updates on construction activity. They'll have to keep waiting, now that the lights are out in many federal offices. In the first economic-data casualty of the government shutdown Tuesday, the Commerce Department did not release its monthly construction spending report. Spending had eased earlier in the summer as higher mortgage rates seemed to be crimping activity, but expectations were for a decent uptick in August.
BUSINESS
September 30, 2013 | By Jim Puzzanghera
WASHINGTON -- The latest report on job creation and the unemployment rate, set to be released Friday, could be delayed if the federal government shuts down this week, the Labor Department said. "All survey and other program operations will cease and the public website will not be updated," Erica L. Groshen, commissioner of the Bureau of Labor Statistics, said in a Sept. 10 memo that is part of the department's contingency plan for a shutdown. But Groshen said timing is important in determining whether economic data would be released during a shutdown, which would begin Tuesday if Congress and the White House cannot strike a last-minute spending deal.
Los Angeles Times Articles
|