Jobless Claims Slip Lower, Below 200,000 For Fifth Straight Week
Demand for labor is still super hot.
Demand for labor is still super hot.
The number of people applying for jobless benefits in the U.S. inched up last week, the fourth consecutive week in which new claims have come in below 200,000. The Labor Department said initial claims for state unemployment benefits rose to
President Joe Biden’s administration is growing the United States labor market by adding millions of foreign workers for employers to hire, leaving jobless Americans on the sidelines.
The arrival of soft wage data and stronger than expected productivity data this week has reignited hopes that the U.S. economy could achieve a “soft landing” in which inflation comes down steadily without a serious slump in the economy.
Fed chairman Jerome Powell described the labor market as extremely tight. Jobless claims indicate that it may be getting even tighter.
Rep. Tom McClintock (R-CA) says Democrats cannot explain how flooding the United States labor market with millions of illegal alien workers every year helps better the lives of America’s working and middle class.
The layoffs in tech announced over the past month or so have many asking if this is a bellwether for the broader labor market.
This morning’s jobless claims were the latest piece of evidence that the labor market remains extremely hot even as other economic data appears to be foreshadowing a plunge in economic activity.
Claims for unemployment benefits fall to a four-month low.
The labor market remains seriously out of balance, and the Federal Reserve is not likely to relent so long as this remains true.
The data this week has made it clear that the Federal Reserve has a lot more work to do to cool down the labor market.
With retail sales coming in below expectations, why aren’t more workers being laid off?
President Joe Biden will import nearly 65,000 H-2B foreign visa workers to take blue-collar jobs as 11.6 million Americans are jobless and another 3.7 million are underemployed.
The United States Chamber of Commerce and corporate donors are making a last-ditch effort, spending hundreds of thousands of dollars, to ram an amnesty for illegal aliens through the lame duck session of Congress.
A plan by Sens. Thom Tillis (R-NC) and Kyrsten Sinema (I-AZ) would permanently bring millions more foreign workers into the United States labor market, via amnesty and green card provisions, for employers to hire over qualified Americans.
On Friday’s broadcast of the Fox Business Network’s “Kudlow,” Breitbart Economics Editor John Carney said that the decline in the labor force participation rate in the November jobs report shows “the government has gummed up the works of the labor
What Jerome Powell giveth, the labor market taketh away.
Friday’s jobs numbers raise the risk that inflation may stick around a lot longer than almost anyone expects.
If you want to figure out where monetary policy is heading next, watch the labor market.
Spain fined Glovo nearly 79 million euros for violating a 2021 law that obliged food delivery apps to make their riders employees.
Just how unbalanced is the labor market? Federal Reserve Chairman Jerome Powell sees it as extremely unbalanced, with demand for workers far outstripping supply.
The morning after President Joe Biden delivered his Dark Brandon at the Gates of Hell speech, the Labor Department delivered a jobs report that was pretty close to perfect.
Democrats are quickly becoming “the party of upscale voters,” while Republicans set their sights on a populist “multiracial coalition of working-class voters,” Axios details. In a “seismic” political realignment, according to Axios ,which cited a New York Times/Siena College Poll,
Millions of Americans remain out of the labor market, new research shows, as mass immigration pours into the United States under President Joe Biden.
Despite signs of weakening demand elsewhere in the economy, demand for labor remains extremely strong.
President Joe Biden’s Department of Homeland Security (DHS) will allow businesses to import another 35,000 foreign H-2B visa workers for working and middle class jobs even as 11.7 million Americans remain jobless.
Bank of England governor Andrew Bailey has made an astonishing request of British workers, telling them to help the state control inflation by not asking bosses for pay rises.
A group of Republican and Democrat governors is begging President Joe Biden to import more foreign visa workers to take American jobs even as hundreds of thousands of Americans in their states remain jobless.
President Joe Biden’s Department of Homeland Security (DHS) is giving businesses an additional 20,000 more foreign H-2B visa workers to hire for working class jobs in the United States even as nearly 13 million Americans remain jobless.
Over 100,000 American workers are reportedly threatening to strike this week amid the supply chain crisis, citing “low staffing levels” and “burnout.”
CBS News business reporter Jill Schlesinger said Sunday on “Face The Nation” workers are making 1.7% less than they did a year ago.
Mark Zuckerberg’s FWD.us lobby group of investors is praising Senate Democrats’ proposed budget package which reportedly includes a massive amnesty to pack the United States labor market with newly legalized illegal aliens.
Job openings are up and actual hires are down, highlighting ongoing distortions in the Biden economy.
Fast-food burrito chain Chipotle will raise menu prices to cover the rising cost of labor to attract Americans back to work after the Democrats continued with the extra-generous jobless benefits, the company announced Tuesday.
U.S. employers posted a record number of available jobs in April, far surpassing expectations, and March’s record number of openings was revised higher.
Labor Secretary Marty Walsh said that the Biden administration inherited high unemployment rates for blacks and women.
An amnesty plan touted by a group of House Republicans and Sen. Lindsey Graham (R-SC) would expand the number of foreign visa workers taking United States jobs in the lower end of the labor market.
U.S. businesses posted wanted ads for 6.9 million jobs in January, the U.S. Bureau of Labor Statistics reported Thursday. That was an increase from the upwardly revised 6.752 million for December and well-above the 6.585 forecast by economists surveyed by Econoday.
Nearly 17 million Americans remain unemployed in the United States economy, though all want full-time jobs, as President Joe Biden’s administration looks to pack the labor market with foreign workers.
President Joe Biden has restarted allowing companies to fill scarce U.S. jobs with foreign workers after a major lobbying effort by big business interests, even as more than 17 million Americans remain jobless.