U.S. Jobs Report Exceeds Expectations
Data from the Bureau of Labor Statistics released on Friday indicated that the U.S. economy continues to remain strong despite unemployment rising. The May jobs report showed that 339,000 nonfarm payrolls were added during the month, far exceeding analysts' expectations of a rise of...
Labor Market Remains Strong as Jobless Claims Fall
The U.S. labor market remains strong despite weaknesses in other areas of the economy, this week's latest jobless claims report indicated. This comes after the national unemployment rate came in at 3.5%; marginally higher than January's half-century low of 3.4%.
Data from the Department of...
Weekly Jobless Claims Decline As Job Market Remains Tight
The latest U.S. weekly jobless claims report showed that the number of Americans filing new claims for unemployment benefits went down this week. This unexpected decline indicates that the job market has remained strong despite the failure of two major regional banks.
Weekly jobless claims...
Job Cuts Reach Highest Level Since 2009
Over 180,000 job layoffs were reported in the U.S. over January and February; the highest level in 2009. The report, released on Thursday by employment firm Challenger, Gray & Christmas Inc., showed that over a third of all job cuts came from the tech...
U.S. Layoffs Surge in January Following Tech Companies’ Jobs Cuts
Job cuts in the United States surged to a more than two-year high in January after a wave of tech companies implemented mass layoffs, a report from employment firm Challenger, Gray & Christmas Inc. on Thursday showed. Tech companies alone accounted for 41,829 layoffs...
U.S. Jobless Requests at an 8-Month High
Unemployment in America has been slowly but surely rising over the last few weeks. For the third week in a row, the number of citizens requesting unemployment benefits rose. To give a broader picture of the situation, this is the highest level of unemployment...