The Latest Breaking News from Unemployment

JPMorgan Chase, Bank of America and Citigroup are bracing for an economic downturn in 2023, including an uptick in unemployment, even as they continue to benefit from strong consumer spending and higher interest rates.

Despite a busy festive period, Ipswich business are closing their doors, struggling to find staff to cope with demand.

New applications for U.S. unemployment insurance benefits fell 19,000 for the week ending December 31 to a seasonally adjusted 204,000. The previous week’s figure was revised down from 225,000 to 223,000. The four-week moving average as of December 31 fell to 213,750 from a revised 220,500 as of the week…

Washington (AFP) - US unemployment has stayed low despite rising interest rates and easing inflation, representing a "hopeful sign" that consumer prices can come down without a significant downturn, a Federal Reserve official said Tuesday.

An unemployment insurance indexing law in Kentucky took effect January 1, 2023, establishing a 12-week maximum benefit period during periods of low unemployment and a 24-week maximum benefit period during times of high unemployment. The Kentucky House and Senate both voted on March 21, 2022, to override Gov. Andy Beshear’s…

Moody’s chief economist says a “soft landing” for the U.S. economy is in the cards. But BlackRock’s Rick Rieder warns, “Policymakers’ ability to stick this landing for the economy and markets is still very much up in the air.”

The SPDR S&P 500 ETF Trust traded higher Friday morning after the Labor Department reported low unemployment numbers above 3%.

The opposition has called for 28 Tasmania Fire Service job vacancies to be filled urgently, which the government blames on low unemployment rates.

Hopes the Federal Reserve can tame inflation without widespread job losses mounted Friday after a government report showed robust hiring and a historically low unemployment rate paired with a cooling in wage growth.

Washington (AFP) - US job gains exceeded expectations in December while unemployment ticked down, a closely-watched government report said Friday, in a sign the labor market remains hotter than hoped by policymakers seeking to lower inflation.

Friday's jobs report showed solid hiring, but cooler wage growth may allow the Fed to moderate rate hikes.