Fewer Americans applied for unemployment benefits last week, reflecting a tight job market, despite recent layoffs in certain sectors of the economy that have witnessed a downturn, according to the Labor Department on June 30. Those filing for jobless claims fell to 231,000 last week, with a decline of 2,000 from 233,000 in the previous…
Initial Jobless Claims Dipped Lower But Employers See Signs Of Job Market Cooling
US Jobless Claims Hit 5-Month High, But Unemployment Rolls Are At Their Lowest Since 1969
Despite a strong employment scene, U.S. jobless claims rose to their highest levels in nearly five months around Memorial Day, with 27,000 claims submitted, according to a report from the Labor Department released on June 9. Claims for the week ending June 4 totaled 229,000—the highest since mid-January, well ahead of the 210,000 Dow Jones…
Powell Says Fed May Take More Aggressive Measures to Curb Inflation
March 23, 2022
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Federal Reserve Chairman Jerome Powell said on Monday that the central bank is prepared to take more aggressive measures to stabilize prices if necessary, as rampant inflation continues amid a relatively strong labor market. During an address to the National Association for Business Economics on Monday, Chairman Powell gave his strongest message about inflation to…
US Unemployment Insurance Claims Hit Lowest Level in 2022, Job Creation ‘Strong’: Labor Department
The number of American citizens filing new claims for unemployment benefits declined to its lowest level for the year in the week ending Feb. 26, according to latest data from the U.S. Department of Labor. Seasonally adjusted initial unemployment claims were at 215,000, a decline of 18,000 from 233,000 in the week ending Feb. 19,…
China Faces Youth Unemployment Crisis as Record 10 Million Fresh Graduates to Enter Job Market
Youth employment has emerged as one of Beijing’s most pressing challenges—with more than 10 million fresh graduates expected to enter the labor market this year—given the ongoing economic slowdown, property sector slump, and other difficulties. As a record 10.76 million new college graduates are set to enter the competitive job market this summer, China’s National Development…
Capitol Report (Feb. 4): Russia Accused of Creating False Flag Attack
February 7, 2022
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The Democrat-controlled House passed a new bill on Friday. They say it’s an investment in American manufacturing, keeping up with China, and addressing climate change. But there’s a lingering question: How are Democrats planning to work with China on climate change while trying to stand up to the regime’s ongoing genocides? Following the riots resulting from…
BoC to Maintain Inflation Mandate, Will Consider Job Market in Rate Decisions
OTTAWA—Canada’s central bank has been told to keep the annual pace of price gains at its historic target, but also to help build up the labour market. Since 1991, the Bank of Canada has targeted an annual inflation rate of between one and three percent, often landing in a sweet spot at two percent. That…
Will All of America Go on Strike?
Commentary If you think the supply chain problems, empty shelves in stores, and higher inflation are problems now, wait a few weeks; they are likely to get worse. And this isn’t a result of hurricanes, the pandemic, or other acts of nature. It’s all due to political incompetence that starts in the Oval Office. Here’s…
Americans Should Be Working Hard, Not Hardly Working
Commentary The Labor Department reported this week that there are now a record 10.9 million jobs open in America. That’s twice the size of the entire Ohio workforce. Yet the department also has counted some 8 million unemployed Americans. What in the world is going on here? Why aren’t the 8 million workers allegedly looking…
Brazil’s Formal Job Growth in 2021 Tops One Million
BRASILIA—Job growth in Brazil accelerated sharply in May, official figures showed on Thursday, with formal jobs created almost double the consensus estimate to lift the total number of new positions opened this year above one million. That marks the strongest pace of job growth since 2010, both for the month of May and the first…
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