unemployment / 3 posts found

What Puerto Rico’s Job Market Looks Like a Year After Hurricane Maria

by I'm Struggling
in News
Puerto Rico lost 35,000 jobs in the month after Hurricane Maria struck. One year later, employment in the storm-battered island still hasn’t recovered. Maria—the worst storm to hit Puerto Rico in nearly a century—knocked out electricity across the island and ravaged roads and infrastructure. Thousands of small businesses closed, a huge blow to the island’s already suffering economy. “Most of the jobs are generated by small businesses, and small businesses were hit the hardest by the hurricane,” said Edwin Meléndez, director of the Center for Puerto Rican Studies at Hunter College, City University of New York. Employment in the U.S. […]

The September Jobs Report in 9 Charts

by I'm Struggling
in News
U.S. employers added 134,000 jobs and the unemployment rate fell to its lowest level since 1969 in September. The total number of nonfarm payroll jobs rose by 1.7% over the past year, a pace that’s been little changed over the past two years. Weekly wages increased about 3.4% while hourly wages are up about 2.8% over the past year. Most of those gains, however, are only a little bit higher than the inflation rate. The unemployment rate of 3.7% is now the lowest since 1969. Broader measures of unemployment, which include discouraged workers who have given up searching for work, […]

Where Hurricane Florence May Show Up in the September Jobs Report

by I'm Struggling
in News
Hurricane Florence appears unlikely to knock the labor market off course. While the storm caused flooding in the Carolinas last month, the hurricane’s effects may not be obvious in the most closely watched figures in the September jobs report—the unemployment rate and payroll change—to be released Friday by the Labor Department. That’s due to a combination of the storm’s timing and its effects being felt by a relatively small slice of the U.S. economy. Economists surveyed by The Wall Street Journal expect the unemployment rate to tick down to 3.8% in September and project U.S. employers added 180,000 jobs to […]