The numbers: Initial jobless claims fell by 16,000 to 193,000 in the week ended September 24, the U.S. Labor Department said Thursday. That’s the lowest level of claims since late Read more
Tag: unemployment figures
U.S. jobless claims drop to lowest level since April
The numbers: Initial jobless claims fell by 16,000 to 193,000 in the week ended September 24, the U.S. Labor Department said Thursday. That’s the lowest level of claims since late Read more
Remember the summer spike in layoffs that pointed to a U.S. recession? It didn’t happen.
When layoffs surged in the spring and summer, the U.S. economy showed early warning signs of recession. Except, it turns out, there was no surge in unemployment. At the time, Read more
‘When hiring slows, Black workers get pushed so far back that they drop out’: Why Fed’s rate hike will put Black jobs at risk
Entrenched discrimination and family demands mean that fewer Black Americans can take advantage of a strong labor market like many of their white counterparts even as more jobs were added Read more
Jobless claims edge up to 213,000 but still show strong labor market and few layoffs
The numbers: The number of people who applied for unemployment benefits last week rose by 5,000 to 213,000, but new jobless claims are still quite low and reflect strong demand Read more
The Fed’s forecast for rising unemployment signals recession ahead. Or does it?
The U.S. has never vanquished high inflation without a major surge in layoffs and unemployment, but the Federal Reserve is hoping to pull it off. The central bank on Wednesday Read more
Fed predicts big slowdown in economy and rising unemployment as it battles inflation
The “pain” Americans are likely to endure from higher U.S. interest rates is a tepid economy in 2023 and rising layoffs and unemployment, the Federal Reserve said Wednesday. The central Read more
Fed predicts big slowdown in economy and rising unemployment as it battles inflation
The “pain” Americans are likely to endure from higher U.S. interest rates is a tepid economy in 2023 and rising layoffs and unemployment, the Federal Reserve predicts. The central bank Read more
Jobless claims fall to one-month low of 243,000 with no sign of surging layoffs
The numbers: The number of people who applied for unemployment benefits last week fell to a one-month low of 243,000, indicating layoffs remain near record lows and that a tight Read more
Jobless claims fall to 250,000 and show little sign of surging layoffs
The numbers: The number of people who applied for unemployment benefits dipped to 250,000 in mid-August, suggesting that layoff remain very low and the economy is still expanding. Initial jobless Read more