unemployment

New claims for unemployment benefits declined by 10,000 last week to 230,000, the lowest level in three weeks.

Chinese state media responded to the latest gloomy economic news by spotlighting dictator Xi Jinping’s demand for “patience” in a previously unpublished February address to top Chinese Communist Party officials.

Trucking company Yellow Corp. shut down on Sunday after 99 years, a move that has deeply affected tens of thousands of American workers.

The labor market remains extraordinarily resilient.

During an interview on Bloomberg on Friday, White House Council of Economic Advisers Chair Jared Bernstein stated that the increase in the black unemployment rate “was statistically insignificant in June,” but the increase in black unemployment in May was statistically

Jobs numbers disappoint for June, coming in below expectations for the first time in over a year.

While the notion that the labor market has been softening underneath the strong headline figures is increasingly popular, the evidence marshaled to support it is not very strong.

California’s State Senate passed a bill last week to give unemployed illegal migrants $300 weekly unemployment checks for up to 20 weeks, despite the fact that the state faces a $32 billion budget deficit.

President Joe Biden touted May’s jobs report, but Republican presidential candidate Tim Scott says the unemployment numbers are “distorted.” 

And how can the rise in unemployment be reconciled with the huge job gains?

Claims show no evidence of a trend toward a softer labor market.

The Department of Labor said initial jobless claims rose by 22,000 to a seasonally adjusted 264,000 last week.

The payrolls numbers on Friday add evidence to our thesis that the economy reaccelerated in April after slowing in the prior two months.

Initial claims climbed by 5,000 to a seasonally adjusted 245,000, the Labor Department said.

The number of continuing claims, however, fell in the previous week, suggesting a labor market that is still tight.

On Friday’s broadcast of CNN International’s “Quest Means Business,” Professor of the Practice of Economic Policy at Harvard University and the Harvard Kennedy School Jason Furman, who served as Chairman of the Council of Economic Advisers under President Barack Obama

Economists had expected the economy to add 230,000 jobs and the unemployment rate to hold steady at the 3.6 percent reported last month.

The March jobs numbers that will be reported out of the Department of Labor on Friday may be some of the most consequential of the post-pandemic era.

The labor market is still incredibly tight.

The Federal Reserve appears to expect economic growth to come crashing to an abrupt halt later this year.

Economists had forecast a rise in claims to 197,000.

Demand for workers in the U.S. remains red hot.

Around 20 per cent of Germans reportedly fear for their jobs over the country’s green agenda push, research has reportedly found.

Consumers are likely to “exercise greater caution” with their spending in the months ahead thanks to high prices and worries that unemployment is poised to rise.

The latest low unemployment numbers and lagging wage gains all point to “more inflation in the pipeline” when workers pinched by high prices demand higher wages and those wages create even more inflationary pressure, explained Breitbart Economics Editor John Carney.

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”