Federal Reserve Chairman Jerome Powell told members of the Senate Banking Committee today that he expects the U.S. economy to have a “full recovery” in the long run following the coronavirus pandemic.
Total nonfarm payroll employment grew by 304,000 in January, an increase from last month, according to the Bureau of Labor Statistics. The national unemployment rate rose from 3.9 percent to 4.0 percent. Private service-providing industries gained 224,000 jobs, led by leisure and hospitality, which added 74,000 jobs. Goods-producing employment rose by 72,000 jobs during the
The non-farm private sector added 271,000 jobs in December, according to the ADP National Employment Report. This followed a 179,000 job increase in November. Small businesses with fewer than 50 employees gained 89,000 jobs. Medium-sized businesses with 50-499 employees created 129,000, while large businesses added 54,000 jobs. “We wrapped up 2018 with another month of