Jobless rate to stay low despite looming economic woes Workers are still in short supply and the labour market is unlikely to reveal signs of loosening as the effects of inflation work through the economy. The New Daily · Apr 12, 2023
You just lost your job. What do you say to your kids? “What you're not saying to your child is, ‘This is my fault, and ‘I did something wrong.’” Fortune · Apr 12, 2023
Weekly unemployment insurance claims top 200,000 for first time in nine weeks Following a change in seasonal adjustment calculations, the U.S. Department of Labor on April 6 revised its figure for new applications for U.S. unemployment insurance benefits for the week ending March 25 (the week before the changes were announced) from 198,000 to 246,000—an increase of about 24%. The four-week moving… Ballotpedia · Apr 11, 2023
Vladimir Milov once served under Putin. Now exiled, he's using his insights to bring down the Russian regime Don't believe what you read about sanctions against Russia being ineffective, says Vladimir Milov. He believes they are weakening Putin's grip on power. ABC News · Apr 11, 2023
3 signs the labor market is rebalancing in a way that could prevent a recession, according to Goldman Sachs Goldman’s David Mericle sees “encouraging news about the prospects for achieving the gentle rebalancing of the labor market needed for a soft landing.” Fortune · Apr 10, 2023
Biden took jobless rate to 3.5%, but for how much longer? President Joe Biden keeps seeing good economic news and bad public approval ratings The Independent UK · Apr 8, 2023
Job market softens only a bit, keeping Fed on track for May hike U.S. payrolls rose at a firm pace last month with the unemployment rate dropping again near record lows, paving the way for the Federal Reserve to increase interest rates at its next meeting. Tribune News Service · Apr 7, 2023
March Nonfarm Payrolls Report: The U.S. Labor Market Remains Strong What you need to know… On Friday the Labor Department reported March nonfarm payrolls, which showed that the U.S. economy added 236,000 jobs, which was near the 238,000 expectation. The unemployment rate ticked lower to 3.5% from 3.6%. The U.S. stock markets were closed on Friday in honor of the... Barchart · Apr 7, 2023
Gap between US Black and white unemployment drops to record low The gap between the Black and White unemployment rate — a closely watched benchmark of inequality in the labor market — shrank to its narrowest level on record in March as African Americans saw outsize gains in employment. Tribune News Service · Apr 7, 2023
Jobs Report Shows Pace of Hiring Slowed in March: What the Experts Are Saying The jobs report showed the lowest level of hiring in more than two years. Kiplinger · Apr 7, 2023
US adds 236,000 jobs in March as unemployment rate remains little changed The lower job numbers come as a hot labour market cools down amid increasing interest rates The Independent UK · Apr 7, 2023
The job market is cooling as higher interest rates and a slowing economy take a toll U.S. employers added 236,000 jobs in March as hiring slowed from the previous month. Unemployment dipped to 3.5%, from 3.6% in February. WEKU · Apr 7, 2023
More than 3,000 West Lothian residents claiming unemployment benefit While the level was nine per cent lower than in 2020 it was still higher than other parts of south-east Scotland Daily Record · Apr 7, 2023
Are inflation pressures easing? Jobs report may offer clues For more than a year, the Federal Reserve’s inflation fighters have been tightening their grip on the American economy with nine straight interest rate hikes The Independent UK · Apr 7, 2023
Barchart · Apr 6, 2023 Stocks Recover Early Losses Ahead of Friday’s Payroll Report What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.36%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.74%. Stock indexes Thursday recovered from early losses and closed...
Barchart · Apr 6, 2023 Stocks Rally Despite Higher Initial Unemployment Claims What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.28%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.59%. U.S. stock indexes are moderately higher. Earlier this morning,...
Kiplinger · Apr 6, 2023 March Jobs Report: What to Expect The next jobs report is forecast to reveal a steep slowdown in payrolls growth.
Tribune News Service · Apr 6, 2023 US jobless claims get bumped up by revisions for seasonal swings Applications for U.S. unemployment benefits have been much higher than previously reported this year after the government updated its method of adjusting the data for seasonal swings.
ABC News · Apr 6, 2023 Rising interest rates have put some borrowers in trouble, but the RBA says the banks will be fine A significant group of borrowers are at serious risk of default, but Australian banks will be able to comfortably survive any losses, argues the Reserve Bank.
Ballotpedia · Apr 5, 2023 U.S. weekly unemployment insurance claims rise to 198,000 New applications for U.S. unemployment insurance benefits rose 7,000 for the week ending March 25 to a seasonally adjusted 198,000. The previous week’s figure was unrevised at 191,000. The four-week moving average as of March 25 rose to 198,250 from an unrevised 196,250 as of the week ending March 18.
Edinburgh Live · Apr 5, 2023 More than 3,000 West Lothian residents claiming unemployment benefit Jobless figures higher than elsewhere in south east Scotland but government backed schemes run by the council are having success
Tribune News Service · Apr 4, 2023 COVID created an expanded social safety net; activists are now quietly working to bring it back In March 2020, the economy grinded to a halt as the COVID-19 pandemic forced widespread shutdowns of businesses. As Congress watched the economy collapse, it responded by doing something lawmakers have resisted since the 1960s: a large expansion of the social safety net.
The Guardian - AU · Apr 2, 2023 The late resignation? One third of Australian workers are considering quitting their jobs Australians have been biding their time when it comes to big career moves, but with burnout rising and low unemployment, a change could be coming
Tribune News Service · Mar 31, 2023 Workers call for safety net benefits for undocumented Californians. ‘It’s a human right’ Since last fall, agricultural workers in California's Central Valley have had less work due to prolonged rain storms and the resulting flooding.
Fortune · Mar 31, 2023 America's unemployment could be much higher than it seems America's layoff situation isn't adding up. New government data reveals that the number of unemployed Americans could be much higher than it seems.