Fed Forecasts Higher Unemployment, Worse Inflation, Lower Growth
Fed officials now expect inflation to run at 4.2 percent this year, up from 3.4 percent at the June meeting.

Fed officials now expect inflation to run at 4.2 percent this year, up from 3.4 percent at the June meeting.

The end of enhanced and extended unemployment benefits saw a bigger than expected decline in applications for benefits.

President Joe Biden is failing on nearly every single major issue for Americans as support for his presidency continues to drop.

An Oregon McDonald’s decided to turn to young teenagers to fill jobs after having difficulty finding employees, the Washington Examiner reported on Thursday.

A “record share” of U.S. small businesses had unfilled positions in August, Bloomberg News reported on Thursday.

On Friday’s broadcast of MSNBC’s “Stephanie Ruhle Reports,” Labor Secretary Marty Walsh reacted to the August jobs report underperforming forecasts by stating that forecasters have been wrong for several months, and that while there is work to be done and

The median forecast of analysts was for 740,000 jobs and an unemployment rate of 5.2 percent.

Economists had forecast 345,000 new claims.

The Chairman of the German Board of the Federal Employment Agency has claimed that Germany needs at least 400,000 migrants to arrive per year to fill gaps in the labour market.

The better than expected jobs growth in July was driven by a rise in jobs held by whites. Black employment and black labor force participation declined.

Big business interests are ramping up their lobbying for more legal immigration to the United States as nearly 16 million Americans remain jobless and millions more are underemployed.

Voters in battleground districts believe that the generous unemployment benefits are the reason there is a hindering economic recovery and labor market, according to a recent poll authorized by the American Action Network to show to the House Republican leadership this week.

Michigan Gov. Gretchen Whitmer (D) would not answer questions Thursday about one of her appointees involved in another scandal.

New claims for unemployment benefits rose last week, the Department of Labor said Thursday. Economists had expected a further decline.

The better than expected June jobs report indicates the policies of Republican-led states are helping speed the recovery.

President Joe Biden again snapped at reporters on Friday after delivering remarks to celebrate the substantial employment gains in June.

New claims for unemployment benefits fell sharply last week, the Department of Labor said Thursday. Initial jobless claims declined to 364,000 for the week ended June 26, a decline of 51,000 from the previous week

Giving amnesty to millions of illegal aliens, who would then enter the United States workforce to take jobs, would make the nation’s ongoing unemployment crisis worse, new analysis finds.

The first rise in new jobless claims since April.

Democrat Rep. Val Demings (D-FL), a candidate for U.S. Senate in the state of Florida, is slamming GOP Gov. Ron DeSantis for a move to cut off federal unemployment insurance benefits that have for months paid people more to stay home than to work.

Maine’s Democrat Gov. Janet Mills announced the “Back To Work” program Monday, which will give people who join the workforce a one-time payment, administered by the state’s Department of Labor and the Department of Economic and Community Development.

During an interview aired on Friday’s edition of PBS’ “Firing Line,” economist Lawrence Summers argued that one reason for the job shortage is that we have “completely inappropriate” unemployment benefits “on excessively generous terms where we’re giving people more money for

A focus group indicated Thursday only 3 of 13 voters said they believe the U.S. economy is “booming” amid rising inflation concerns.

Street gangs in the U.S. and foreign criminal syndicates may have stolen up to half of the unemployment benefits paid out during the pandemic, according to a report cited by Axios.

Thursday, during an appearance on FBN’s “Mornings with Maria,” Sen. Roger Marshall (R-KS) decried Gov. Laura Kelly (D-KS) to continued extended unemployment benefits, which is believed to be incentivizing an unwillingness to return to the workplace as the risk from the COVID-19 pandemic decreases.

Commerce Secretary Gina Raimondo said Sunday on ABC’s “This Week” that there was no evidence that enhanced unemployment benefits to address the coronavirus pandemic had “significantly held back hiring.”

Leader of the populist Sweden Democrats (SD) Jimmie Åkesson has claimed Sweden is in a “war-like state” and that the socialist government has “imported” crime and unemployment.

Wages and hours are up but businesses are still struggling to hire because unemployment benefits are set so high.

President Joe Biden boasted of “historic progress” handling the economy Friday, even though the number of jobs created in May disappointed expectations of many economic analysts.

Economists were expecting 650,000 jobs and an unemployment rate of 5.9 percent.

The Center for Monitoring Indian Economy (CMIE), a privately owned think tank based in Mumbai, said Monday over 10 million Indians lost their jobs during the “second wave” of coronavirus infections and 97 percent of Indian households reported a decline of income since the beginning of the pandemic.

Republican-led states are proven to bring jobs back faster than Democrat-led states as Americans back to work, according to new state-by-state unemployment data from the Labor Department.

On Thursday’s “PBS NewsHour,” Commerce Secretary Gina Raimondo stated that even if evidence shows cutting unemployment benefits means that people are going to work quicker, it wouldn’t necessarily be an argument for rolling back enhanced federal unemployment benefits. Host Amna Nawaz

On Monday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” Oklahoma Gov. Kevin Stitt (R) announced that Oklahoma will opt out of federal unemployment benefits. Stitt said, “A few weeks ago, I lifted the state of emergency in

Iowa Gov. Kim Reynolds (R) said Tuesday the state will stop participating in multiple pandemic-related federal unemployment benefit programs because of a workforce shortage.

Monday, during an appearance on FNC’s “Your World,” Rep. Barry Loudermilk (R-GA) questioned economic policy that pays people from government coffers as there are jobs available, despite the country’s months-long bout with the COVID-19 pandemic.

Labor Secretary Marty Walsh said that the Biden administration inherited high unemployment rates for blacks and women.

Joe Biden struggled to push back against the idea that his expanded unemployment benefits were to blame.

Many states suspended job search requirements during the pandemic and only some have reinstated them.

On Friday’s “PBS NewsHour,” Sen. Elizabeth Warren (D-MA) argued that the jobs numbers “are a reminder that we need universal childcare in this country” and that childcare should be “part of our basic infrastructure.” Warren said, “The numbers are a
