The performance of America’s economy over the past two years has been remarkable, especially given the dire predictions of many observers. Remember the economists who forecast a recession in 2023? Remember all those warnings that getting inflation down would require years of high unemployment? Instead, our economic growth has been the envy of other wealthy … Read more
Initial filings for unemployment benefits have hit their highest level since late August 2023, a potential sign that an otherwise robust labor market is changing. Jobless claims totaled a seasonally adjusted 231,000 for the week ending on May 4, up 22,000 from the previous period and higher than the Dow Jones estimate for 214,000, the … Read more
Signage at a job fair at Brunswick Community College in Bolivia, North Carolina, US, on Thursday, April 11, 2024. Allison Joyce | Bloomberg | Getty Images The U.S. economy added fewer jobs than expected in April while the unemployment rate rose, reversing a trend of robust job growth that had kept the Federal Reserve cautious … Read more
A jobseeker takes a flyer at a job fair at Brunswick Community College in Bolivia, North Carolina, US, on Thursday, April 11, 2024. Allison Joyce | Bloomberg | Getty Images Hiring likely continued at a brisk pace in April as investors look for any cracks in the labor market that could sway the Federal Reserve. … Read more
Now Hiring sign in a supermarket window in Queens, New York. Lindsey Nicholson/UCG/Universal Images Group via Getty Images The U.S. job market continues to chug ahead without signs of overheating — a good sign for workers and the U.S. economy, according to economists. While the market has cooled from its breakneck pace of the “great … Read more
Job creation in March easily topped expectations in a sign of continued acceleration for what has been a bustling and resilient labor market. Nonfarm payrolls increased 303,000 for the month, well above the Dow Jones estimate for an increase of 200,000 and higher than the downwardly revised 270,000 gain in February, the Labor Department’s Bureau … Read more
A person works on a Bowlus recreational vehicle at Bowlus’ factory in Oxnard, California, Feb. 23, 2024. Timothy Aeppel | Reuters The March nonfarm payrolls count likely will indicate hiring continuing at a solid pace, though some weakening foundations of the labor market could take greater focus when the Labor Department releases its key report … Read more
Employees work at the headquarters of security system developer Staqu Technologies in Gurugram, India. Bloomberg | Bloomberg | Getty Images India is facing a youth unemployment problem as a decline in white-collar jobs in its information technology sector has left many fresh graduates and young people unemployed. In the October to December period last year, … Read more
Ahmedabad: The charisma of Prime Minister Narendra Modi is among the key factors most likely to influence voters in the ensuing Lok Sabha elections in Gujarat, according to political observers. Lok Sabha polls in Gujarat will be held in a single phase on May 7. Counting of votes will be held on June 4. Anti-incumbency, … Read more
A sign posted outside a restaurant looking to hire workers in Miami on May 5, 2023. Joe Raedle | Getty Images News | Getty Images Unemployment among Black women fell in February as the number of those looking for work increased, data released Friday by the U.S. government showed. The U.S. unemployment rate edged higher … Read more
