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U.S. Business News 2016












U.S. November Job Report


December 2016
The U.S. labor department reported on December 2, 2016 that 178,000 new jobs were added to the American economy in November. The economists forecast was a growth of 180,000 new jobs. The unemployment rate in November dropped to 4.6%, a nine year low. The economists forecast was 4.9%.

U.S. Interest Rate Rise


December 2016
The U.S. federal reserve raised on December 14, 2016 the interest rate by 0.25% to a range of 0.5%-0.75%, the second rise in a decade. The federal reserve expects to have three additional interest rises in 2017.

U.S. October Job Report


November 2016
The U.S. labor department reported on November 4, 2016 that 161,000 new jobs were added to the American economy in October.
The unemployment rate in October fell to 4.9% compared to 5% in September.
The department also revised September's new jobs data from 156,000 new jobs to 191,000.


U.S. September Job Report


October 2016
The U.S. labor department reported on October 9, 2016 that 156,000 new jobs were added to the American economy in September, lower than the prior forecast of 176,000 new jobs.
The department revised upwards the August data from previous 151,000 jobs to 167,000.
The unemployment rate in September was 5.0% compared to prior estimate of 4.9%.


U.S. June Job Report


July 2016
The U.S. labor department reported on July 8, 2016 that 287,000 new jobs were added to the American economy in June, much higher than the prior forecast of only 175,000 new jobs.
The unemployment rate in June rose to 4.9% slightly higher than the forecast of 4.8%.



U.S. May Job Report


June 2016
The U.S. labor department reported on June 3, 2016 that only 38,000 new jobs were added in May to the U.S. economy, much lower than the previous forecast of 162,000 new jobs.
The unemployment rate in May was 4.7%.


U.S. March Job Report


April 2016
The U.S. labor department reported on April 1, 2016 that 215,000 new jobs were added in March to the U.S. economy, higher than the previous forecast of 199,000.
The unemployment rate in March was 5%, higher than 4.9% in February.


U.S. February Job Report


March 2016
The U.S. labor department reported on March 6, 2016 that the U.S. economy added 242,000 new jobs in February, much higher than the previous forecast of 190,000.
The labor department also raised the estimated job figures for previous months.


U.S. January Job Report


February 2016
The U.S. labor department reported on February 5, 2016 that the U.S. economy added 151,000 new jobs in January.
Less than the forecast of 190,000 of new jobs.


U.S. December Job Report


January 2016
The U.S. labor department reported on January 8, 2016 that the American economy added 292,000 new jobs in December, much higher than the forecast of only 200,000 new jobs.
The labor department also revised upwards the October and November figures by more than 50,000 new jobs. In the year 2015 the U.S. economy added in total 2.65 million new jobs.
The unemployment rate in December remained unchanged at 5.0%.


U.S. Interest Rate Rise


December 2015
The U.S. Federal Reserve raised on December 17, 2015 the interest rate from near zero previous rate to 0.25% .
The rise which is the first since December 2006 expresses confidence in the recovery of the American economy.


U.S. November Job Report


December 2015
The U.S. labor department reported on December 4, 2015 that the American economy added 211,000 new jobs in November compared to a forecast of only 200,000 new jobs.
The department also updated up the data for the previous September and October job reports by 35,000 .
The 5% unemployment rate in November was the lowest since 2008.


U.S. September Job Report


October 2015
The U.S. labor department issued on October 2, 2015 a disappointing report. The American economy added only 142,000 new jobs in September while the economists forecast was above 200,000 new jobs.
The labor department also revised down the previous two months job figures, July by 22,000 and August by 37,000.
The unemployment rate in September was 5.1%.


U.S. August Job Report


September 2015
The U.S. statistics office reported on September 4, 2015 that only 173, 000 new jobs were added in August to the U.S. economy compared to a forecast of 220,000 new jobs.
The unemployment rate was 5.1% in August compared to a forecast of 5.2%
Economists expect that following the new data the chance of increasing the tax rate by the federal bank in September is smaller.


U.S. June Job Report


July 2015
The U.S. labor department reported that 223,000 new jobs were added to the American economy in June.
The growth forecast for June was higher, 230,000 new jobs.
The labor department also lowered the previous new jobs published in April and May. The new updated figures are 187,000 for April and 254,000 for May.
The unemployment rate was 5.3% in June compared to 5.5% in May.


U.S. May New Jobs


June 1015
The U.S. labor department reported on June 6, 2015 that 280,000 new jobs were added in May to the American economy.
The growth forecast for May was lower, only 225,000 new jobs.
The unemployment rate in May rose to 5.5%.
Following the new report the American economy added in average 194,000 new jobs each month in 2015.


U.S. March New Jobs


April 2015
The U.S. labor department reported on April 3, 2015 that 126,000 new jobs were added in March 2015 to the American economy.
The March growth makes it the worst month for employment growth since December 2013.
The revised previous months growth figures are 264,000 for February and 201,000 for January.


U.S. February Unemployment Rate


March 2015
The U.S. labor department reported on March 6, 2015 that the unemployment rate in February fell to 5.5% compared to 5.7% in January 2015.
In February 295,000 new jobs were added compared to 239,000 in January.


U.S. November Unemployment Rate


December 2014
The U.S. labor department reported on December 5, 2014 that the unemployment rate in November fell to 5.8%.
321,000 new jobs were added in November, about 40% higher than the preliminary forecasts.


U.S. September Unemployment Rate


October 2014
The U.S. labor department reported on October 3, 2014 that the unemployment rate in September 2014 fell to 5.9% the lowest rate in the last years since 2008.
Job growth was significant in the professional and business services, retail trading and health care.


U.S Unemployment Rate


April 2014
The U.S. labor department reported on April 4, 2014 that the U.S. economy added 192,000 jobs in March.
The figure is lower than the previous 200,000 forecast by several economists.
The unemployment rate in March remained steady at 6.7%.


U.S. April Job Report


May 2013
According to the U.S. government's report 165,000 new jobs were added to the U.S. economy in April 2013, compared to a forecast of only 153,000.
The March job report was also updated upwards to 138,000 new jobs compared to the previous 88,000 data.
The unemployment rate for April was 7.5% compared to a forecast of 7.6%, the lowest rate in four years.


U.S. March Job Rise


April 2013
According to a release by the labor department on April 5, 2013 only 88,000 new jobs were added to the American economy in March compared to economists' forecast of about 200,000 new jobs, the lowest rise for nine months.
The March 7.6% unemployment rate improved compared to 7.7% in February.


U.S. February Job Rise


March 2013
According to a release by the labor department on March 8, 2013 236,000 new jobs were added to the American economy in February compared to economists' forecast of 160,000 jobs. The February 7.7% jobless rate compared to 7.9% in January is the lowest since December 2008.

U.S. January Job Rise


February 2013
Only 157,000 new jobs were added to the American market in January compared to a preliminary estimate of 185,000 jobs.
The department of labor also revised the previous figures for November and December 2012.
The revised job increase in November is now 247,000 while the revised rise in December is 196,000 jobs in both cases higher than the previous estimates.
The unemployment rate increased in January 2013 to 7.9%.


U.S. 7.8% Unemployment Rate


October 2012
The U.S. unemployment rate dropped to 7.8% in September, the first drop below 8% since January 2009.
In September 2012 114,000 new jobs were added to the American economy following a revised growth of 142,000 jobs in August 2012.


U.S. 3% Economy Growth


March 2012
The U.S. commerce department released on February 29 data showing that the U.S. economy grew in the last quarter of 2011 by 3% at annual rate.
The 3% growth is faster than the previous 2.8% forecast and the fastest growth in the last 18 months.
The growth in the third quarter of 2011 was 1.8%.


U.S. September Job Rise


October 2011
103,000 new jobs were added to the American market in September, a pleasant surprise compared to the preliminary forecast of 55,000 jobs.
The department of labor also revised the previous figures for July and August.
The revised job increase in August is now 57,000, compared to the previous estimate of zero rise. The revised rise for July is now 127,000 jobs compared to 85,000.
The unemployment rate remains at 9.1%.


U.S. Credit Rating Downgrade


August 2011
Standard& Poor's cut on August 6 the U.S. credit rating from the previous AAA to AA+, keeping a negative outlook for the American economy.
The downgrade which is the first since granting the AAA rating in 1917 expresses worries that the promised spending cuts by U.S. lawmakers are not enough.
The Treasury spokesman reacted claiming that there is a $2 trillion error in S&P's analysis.


U.S. Unemployment Rate Rise to 9.2%


July 2011
According to preliminary data released by the U.S. labor department on July 8 the unemployment rate for June rose to 9.2% compared to 9.1% in May.
There was a small net increase of 18,000 jobs in June, an increase of 57,000 jobs in the private sector and a decrease of 39,000 jobs in the government and state sector, the lowest growth for the last nine months.
Most forecasts for the second half of 2011 predict a modest growth of the American economy.


U.S. Credit Ranking Downgrade


April 2011
Standard & Poor's credit rating agency downgraded on April 18 U.S.'s credit outlook to negative.
The downgrade is due to worries regarding the big federal budget deficit.
The downgrade signals a one in three chance that the U.S. could lose its long term AAA rating within two years.


U.S. Trade Deficit Narrows


December 2010
U.S. trade gap narrows .The U.S. Commerce Secretary Gary Locke issued on December 10 an optimistic statement regarding October goods and services export.
U.S export of goods and services increased 3.2% from September to $ 158.7 billion, the highest level for monthly exports since August 2008. Service exports reached a record high for the 3rd consecutive month.
U.S. import of goods and services decreased 0.5% in October, allowing the U.S. Trade deficit to decrease 13.2% since September to reach $ 38.7 billion in October.
The highest good export record was to Mexico and China "Today's trade numbers are another sign that we are moving in the right direction" he added.
The pending trade deal with Korea is expected to further elevate the trade relations.
Through October U.S. export to Korea grew by 39% compared to the same period in 2009, making Korea the third largest growth market.
More info: www.commerce.gov.


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