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.
The Chinese Communist Party celebrated “National Day” with a public rally for the first time since the Wuhan coronavirus pandemic.
The hot new trend in Chinese culture is “full-time children,” young people who have given up looking for jobs as unemployment soars past 21 percent for their demographic and are, instead, paid “salaries” by their families to stay home and take care of their aging parents.
Economists had forecast the economy would add around 170,000 jobs, with the range of forecasts in the Econoday survey running from 40,000 to 190,000.
New claims for unemployment benefits declined by 10,000 last week to 230,000, the lowest level in three weeks.
Republican presidential candidate Vivek Ramaswamy predicts a recession in 2024, telling Tucker Carlson on his eponymously named show, “Tucker on Twitter,” that it will lead to frustration among Americans, which he says could trigger either a positive and “creative” revolution for having endured the hardships or a negative and “destructive” one.
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.
On Friday’s broadcast of Bloomberg’s “Sound On,” acting Labor Secretary Julie Su responded to the increase in the unemployment rate among African Americans in June by stating that “the trends tell a different story.” And the trends show “equitable growth
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.
Chinese exports to the United States fell by 12.2 percent in May, a much larger drop than expected and the first net reduction since February.
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.
