Bureau of Labor and Statistics Archives

U.S. Added 678K Jobs in February, While Unemployment Decreased Slightly

March 6, 2022March 5, 2022 Virginia Star Staff

The U.S. economy added 678,000 jobs in February, according to a Friday report from the U.S. Bureau of Labor and Statistics (BLS), beating economists’ expectations.

Total nonfarm payroll employment increased by 678,000 in February, according to the BLS report, while the unemployment rate dropped to 3.8%, a pandemic low. Job gains were most pronounced in the leisure and hospitality sectors, which added a total 179,000 jobs.

“The labor market continues to be quite hot,” Nick Bunker, an economist at Indeed, told The Wall Street Journal. “It looks like the labor market is still primed for lots of strong employment growth.”

Wholesale Prices Jump in January as Inflation Continues to Soar

February 16, 2022February 15, 2022 The Center Square

Wholesale prices jumped a full percentage point in January and 9.7 percent over last year, the Bureau of Labor Statistics said Tuesday, as inflation continues its rapid rise.

“On an unadjusted basis, final demand prices moved up 9.7 percent for the 12 months ended January 2022,” BLS said.

That increase comes after a 0.9% increase in November and a 0.4% increase in December.

Commentary: Americans Can’t Afford Joe Biden’s America

September 14, 2021September 13, 2021 Virginia Star Staff

Americans are tapped out. They are struggling to pay for higher prices at the pump, the grocery store, and just about everywhere else. Friday’s Bureau of Labor Statistics August Producer Price Indexes report showed on an unadjusted basis, the final demand index rose 8.3 percent for the 12 months ended in August, the largest advance since 12-month data were first calculated in November 2010.

The Producer Price Index is a precursor to what retail prices will be doing in months ahead, and the August report is more bad news. The 8.3 percent annual increase in final demand signals that Americans will be paying much more for goods and services in coming months and verifies what everyone who pays their own bills already knows, Joe Biden’s America is a much more expensive place to live and it is going to get worse.

It is time for Congress to just put a stop to the madness and refuse to pass the budget reconciliation bill. Our nation cannot afford to hit the accelerator when we are already feeling the inflation pain from our prior debt excesses.

Jobless Claims Fall Below 400,000, Hit Economists’ Expectations

August 6, 2021August 5, 2021 Virginia Star Staff

The number of Americans filing new unemployment claims decreased to 385,000 last week as the economy continues its recovery from the coronavirus pandemic, according to the Department of Labor.

The Bureau of Labor and Statistics figure released Thursday represented a slight decrease in the number of new jobless claims compared to the week ending July 24, when 399,000 new jobless claims were reported. That number was revised down from the 400,000 jobless claims initially reported last week.

Jobless Claims Surge Past 400,000, Far Higher Than Economists’ Expectations

July 23, 2021July 22, 2021 Virginia Star Staff

The number of Americans filing new unemployment claims increased to 419,000 last week as the economy continues its recovery from the coronavirus pandemic, according to the Department of Labor.

The Bureau of Labor and Statistics figure released Thursday represented a large increase in the number of new jobless claims compared to the week ending July 10, when 368,000 new jobless claims were reported. That number was revised up from the 360,000 jobless claims initially reported last week.

New Jobless Claims Increase to 793,000, Economists Expected 760,000

February 12, 2021February 11, 2021 Virginia Star Staff

The number of Americans filing new unemployment claims decreased to 793,000 last week as the economy continued to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.

The Bureau of Labor and Statistics figure released Thursday represented a decrease in the number of new jobless claims compared to the week ending Jan. 30, in which there were 812,000 new jobless claims reported. The number was revised up from the 779,000 jobless claims initially reported last week.