As the year comes to a close, it seems that the market's focus on inflation rates are shifting to a new area of concern: Unemployment. While the Federal Reserve has taken steps to fight inflation by curbing economic growth, the full extent of the...
Xiaomi, one of the world's largest smartphone makers, has begun layoffs in China at a time when the world's second largest economy is grappling with an enormous unemployment crisis.
GOP reps want to know why NYS Comptroller Tom DiNapoli waited until after the Nov. 8 election to release to detail billions lost to state unemployment fraud.
Treasury Secretary Janet Yellen said Monday that the probability of a US recession this year is low as she touted job growth and low unemployment on the eve of President Joe Biden's State of the Union address.
"We're losing chain stores that are closing down. People who are being employed in those stores are losing their jobs. They're adding to our unemployment."
The job market has remained strong even as the Federal Reserve has spent a full year attempting to cool off the economy by raising interest rates. But economists think that the recent banking turmoil may be what finally raises unemployment.
Initial claims for state unemployment benefits increased 22,000 to a seasonally adjusted 264,000 for the week ended May 6, the highest reading since October 2021.