Too Hot to Handle: America Created 517,000 Jobs in January and Unemployment Fell to 3.4%
A huge surge in hiring in January defied expectations for the labor market to cool off a bit in the new year.
A huge surge in hiring in January defied expectations for the labor market to cool off a bit in the new year.
The layoffs in tech announced over the past month or so have many asking if this is a bellwether for the broader labor market.
Claims for unemployment benefits fall to a four-month low.
A softer labor market will weigh on black and Hispanic employment, Fed officials acknowledged at their December meeting.
The number of people seeking unemployment benefits rose only slightly last week, with the labor market remaining strong despite the Federal Reserve’s efforts to cool the economy and hiring.
Florida’s unemployment rate dropped in November and continues to remain lower than the nation’s, Gov. Ron DeSantis (R) announced Friday.
Lots of headlines about layoffs but no sign of significantly increased job loss in the claims data.
Economists had expected the economy to add 200,000 jobs and the unemployment rate to remain unchanged at 3.7 percent.
On Thursday’s broadcast of the Fox Business Network’s “Evening Edit,” Rep. Bruce Westerman (R-AR) reacted to jobless claims data showing that continuing unemployment claims hit their highest point since February by stating that this is a worrisome trend in the
A setback for the Fed or a foreshadowing of a soft-landing?
On Wednesday’s broadcast of Bloomberg TV’s “Balance of Power,” Moody’s Analytics Chief Economist Mark Zandi predicted that 2023 “is going to be a pretty tough year” because we won’t “see the full effects of what the Fed’s done for well into”
Florida has experienced 30 consecutive months of job growth, Gov. Ron DeSantis (R) announced on Friday.
On Friday’s broadcast of CNBC’s “Squawk Box,” New Jersey Gov. Phil Murphy (D) stated that he is concerned about the prospects for employment because there are no historical examples “where the Fed has been this aggressive and the economy didn’t
The labor market is still tight enough to support high inflation.
President Joe Biden is set to import nearly 65,000 foreign H-2B visa workers to take blue-collar American jobs as roughly 11.6 million Americans remain jobless.
Jobless claims fall below 200,000 despite the Fed’s efforts to tighten financial conditions.
A rapid rise in unemployment expected next year as the Fed raises rates to fight inflation.
Fed officials now see a much higher unemployment rate and much lower path for GDP growth.
During an interview aired on Thursday’s edition of Comedy Central’s “Daily Show,” Labor Secretary Marty Walsh stated that while “the Fed has said, at some point, having a little bit of unemployment might be good,” he wants “to do everything
During a portion of an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers said he believes
The Democratic Party’s pick for Secretary of Labor says CEOs are being victimized by a shortage of immigrant workers.
Economists had expected the economy to add 298,000 jobs and the unemployment rate to hold steady at 3.5 percent.
The Chinese Communist government slapped its bureaucratic panic buttons on Monday, announcing various “task forces” to deal with a crumbling national economy, particularly the record-high 19.9% youth unemployment rate recorded in July.
During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers reacted to recent minutes from the
Unemployment in the Sunshine State has dropped to a historic low as job creation soars.
Early vote tallies in Kenya on Wednesday appeared to show a small lead for current Deputy President William Ruto, an outspoken critic of China’s growing influence in the country.
The American public appears to be underestimating how big of a toll on employment the war on inflation is going to take.
Spain’s leftist government is pushing for more migrant workers and an illegal aliens amnesty to fill gaps in the workforce, despite the country having one of the highest rates of unemployment in the European Union.
President Joe Biden is bragging about the “record” number of foreign visa workers his administration has brought to the United States to compete for working and middle class jobs against unemployed Americans.
Millions of Americans remain out of the labor market, new research shows, as mass immigration pours into the United States under President Joe Biden.
Much higher than the 250,000 jobs expected.
What if we held a recession and no one lost their job?
The Federal Reserve’s campaign to rein in the worst inflation in decades will end in a recession. But so long as unemployment remains low, it’s likely inflation will remain the top worry for households even if economic growth stalls.
During an interview aired on Friday’s broadcast of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers said that he believes there won’t
An analysis from WalletHub revealed that Washington, DC, is at the bottom of the list (Number 51) in most equality categories and overall.
Fed officials revised their views significantly since the March meeting but still seem optimistic about the chances of a soft-landing.
A German state agency has said that it will likely soon be providing over 400,000 more Ukrainian migrants with unemployment benefits over the next few weeks.
Unemployment was up for black women, Hispanic women, black teenagers, and Hispanic teenagers.
Economists had expected the economy to add 323,000 jobs and the unemployment rate to tick down to 3.5 percent.
Sweden’s Minister for Employment and Gender Equality called on migrant women not to have more children than they can support.