New unemployment claims were filed by the fewest Americans in over three years last week, far fewer than economists had been expecting. There were 191,000 initial claims for unemployment benefits in the week that included Thanksgiving, the Department of Labor
College degrees are not offering first-time job seekers the same opportunities they once did, according to new data.
Federal Reserve officials are sharply divided over how aggressively to cut interest rates, with some warning that the central bank risks falling dangerously behind in addressing a deteriorating labor market while others remain focused on stubborn inflation that has persisted well above target for more than four years.
Sen. Bill Cassidy (R-LA) has introduced a bill to undo the Biden administration’s red tape within a federal employment program.
Nearly half of the UK’s TV industry workforce are jobless, a survey released Friday shows, with many workers looking beyond the sector in an unprecedented crisis.
California’s unemployment rate is the highest in the nation — again — as the state’s tech sector struggles to retain jobs, thanks partly to the advance of artificial intelligence (AI) within the industry.
The labor market appears to be far weaker than previously thought, with huge downward revisions to May and June, losses in manufacturing, and a rising unemployment rate.
During an interview on CBS News on Tuesday, Rep. Joyce Beatty (D-OH) argued that economic indices on the stock market, employment, and inflation are just being made up by the Trump administration and “what they’re reporting are just numbers and
California’s new $20-per-hour minimum wage for fast food workers has resulted in a significant decline in employment in that sector, leading to 18,000 fewer jobs than would have been the case otherwise.
California Gov. Gavin Newsom (D) has already started his 2028 presidential campaign — but his state has the highest unemployment rate in the United States.
During an interview with CBS News on Wednesday, Sen. Elizabeth Warren (D-MA) stated that “the topline numbers look good” in the economy but “if Donald Trump doesn’t change direction, he’s going to blow this economy up.” Warren said, “So, I’ll
The African nation of Lesotho declared a two-year “state of disaster” this week over “high rates of youth unemployment and job losses,” which have ostensibly been exacerbated by uncertainty over President Donald Trump’s tariffs.
Foreigners account for 15% of people living in Germany, but welfare data suggests many recipients might be of migrant-heritage communities.
The government of China published its annual Communist Party statistics on Monday, revealing a modest 1.1 percent increase in the number of official members and a decline in the number of members under 35.
The Elon Musk-led Department of Government Efficiency (DOGE) is pointing the finger at three Democrat-controlled states for the bulk of fraudulent unemployment payments.
Beijing has been talking tough ever since President Donald Trump began raising tariffs against China, swiftly retaliating with its own tariff hikes instead of negotiating like most other major countries and vowing to “fight to the end.” There are some good reasons why China’s blustery confidence might be misplaced.
Foreigners now make up at least one in three people considered long-term unemployed in Germany after soaring by over 40 per cent since 2018.
While the headline jobs number was weaker than expected, there were upward huge revisions to earlier reports.
The Ford Motor Co. will reduce its workforce by upwards of 4,000 across Europe and the U.K. by the end of 2027, the manufacturer announced Wednesday, citing headwinds generated from the economy, pressure from increased competition and weaker than expected sales of electric vehicles (EVs) for the grim forecast.
China’s young people have tried a number of ways to deal with high unemployment in their country’s tottering economy, from valorizing joblessness as a form of political protest to “working” as valets for their aging parents.
On Friday’s broadcast of “CNN News Central,” acting Labor Secretary Julie Su stated that the October jobs report had various anomalies in it due to hurricanes and strikes and reacted to the downward revisions in the August and September jobs
On Thursday’s broadcast of MSNBC’s “Andrea Mitchell Reports,” Sen. Jacky Rosen (D-NV) commented on Nevada having the highest unemployment rate of any state by saying that they got the worst of the economic impact of the pandemic but “the jobs are
Family Ties star Justine Bateman has called out California Governor Gavin Newsom (D) as its revealed the state’s job openings have experienced a fall of 30 percent as the unemployment rate stands at the second-worst in the country.
The Biden-Harris administration inherited the “worst unemployment since the Great Depression,” Vice President Kamala Harris falsely claimed.
The highest unemployment rate since the Great Depression was under Obama, at 10% in the early part of his administration.
China’s National Bureau of Statistics on Friday released economic data that showed youth unemployment rose to 17.1 percent in July, an increase from 13.2 percent in June and the highest level recorded in 2024 so far.
On Friday’s broadcast of “CNN News Central,” acting Labor Secretary Julie Su reacted to the July jobs report by stating that “we look at, not just one month’s data, but we look at trends,” and the July number “is cooler
During an interview with Bloomberg on Friday, acting Labor Secretary Julie Su reacted to the July jobs report by stating that the July jobs number is “still over 100,000 jobs. It’s still broad-based.” And “generally, this is an indicator of
It looks like the market is finally going to get what it has wanted for over a year—a rate cut from the Federal Reserve.
On Friday’s broadcast of CNBC’s “The Exchange,” Moody’s Analytics Chief Economist Mark Zandi stated that unemployment rates have ticked up despite job creation “because labor force growth is booming, because we have a lot of immigrants coming into the country
President Joe Biden’s economic agenda is scoring foreign-born workers more jobs in the United States labor market as hundreds of thousands of native-born Americans have dropped out of the workforce over the last year.
Former Speaker of the House Newt Gingrich has suggested President Joe Biden’s “economic failure” may well be his downfall in November’s presidential election.
Chicago’s self-professed progressive Mayor Brandon Johnson is pushing the Biden administration to cut loose with more work permits for the tens of thousands of illegals sheltering in the city even as local black unemployment soars to many times the national average.
President Joe Biden’s attempt to convince America that Bidenomics is a blessing is not working —especially among younger Americans.
President Joe Biden claimed during Thursday’s State of the Union address that the created a “record” 15 million new jobs.
There’s no sign of cooling in the labor market, putting rate cuts into doubt.
On Tuesday’s broadcast of “CNN This Morning” CNN Senior Political Commentator and former Obama Adviser Van Jones stated that while there are good jobs numbers in the black community, “they’re crappy jobs.” Co-host Phil Mattingly asked, “[T]he Biden team has
Mass immigration makes finding “stable jobs with decent pay” harder for Americans, the New York Times admits.
Migrants were treated to a job fair in Chicago where employers were looking to offer about 400 of them jobs. Meanwhile, unemployment for city residents continues to trend upward.
The much-better-than-expected surge in employment puts pressure on the Federal Reserve to hike again at its two meeting that starts on the final day of October.
