Artificial Intelligence (AI) is likely to destroy great swaths of white-collar jobs and create societal instability, said Sen. Marco Rubio (R-Fla.) after receiving a briefing on AI from intelligence officials. Mr. Rubio, who was present when the officials briefed senators on the dangers of AI earlier this week, said that American regulations would not prevent the mass…
AI to Cause White-Collar Unemployment, Societal Destabilization: Sen. Rubio
US Applications for Jobless Benefits Fall Again as Labor Market Continues to Defy the Fed Actions
The number of Americans applying for jobless benefits fell again last week as the labor market continues defy the Federal Reserve’s attempt to cool it through higher interest rates. U.S. applications for jobless claims fell by 12,000 to 237,000 for the week ending July 8, from 249,000 previous week, the Labor Department reported Thursday. The…
China’s Premier Holds Meeting With Experts to Save Economy; Analysts Say Root Cause Systemic With Communism
July 9, 2023
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Asia & PacificBusiness & MarketsChina Business & EconomyChina economyChina NewsChinese Regimeeconomic downturnexportforeign investmentGlobal ExpansionInternational RelationsSpecial TopicsunemploymentUS-China relationsWorld
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While Chinese communist regime’s Premier Li Qiang held a meeting with mainland Chinese economists on July 6 to collect suggestions on how to save the mainland Chinese economy, analysts say the root cause of China’s economic downturn lies in its political system, which is dictated by the ruling communist party (CCP) which is currently led…
More Americans Apply for Jobless Benefits, but Layoffs Are Not Rising Significantly
July 6, 2023
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benefitsBusiness & Marketseconomic policieseconomyinflationjoblessMarketsrecessionunemploymentUSUS News
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The number of Americans applying for jobless benefits rose last week, but remains at healthy levels despite the Federal Reserve’s attempt to cool the labor market by raising interest rates. U.S. applications for jobless claims rose by 12,000 to 248,000 for the week ending July 1, from 236,000 previous week, the Labor Department reported Thursday….
What’s Not to Like About ‘Bidenomics’? Plenty
July 6, 2023
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Biden 2024BidenomicsBusiness & MarketsBusiness Columnistseconomic policieseconomyEditorialsinflationOpinionUncategorizedunemploymentViewpoints
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The Biden camp seems to be operating under the delusion that it can somehow rehabilitate the phrase “Bidenomics”—hurled as a perjorative at the White House by those of us on the Right—to serve as a buzz phrase in support of the president’s 2024 reelection campaign. It’s a risky—some would say, foolish—notion, but certainly not the first…
‘Bidenomics’ Is Expansion of Government Intervention in Economy: Researcher
July 6, 2023
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BidenomicsBusiness & Marketseconomic policieseconomyfree marketinterventionismPolicies & ImpactsunemploymentUSUS Features
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President Joe Biden’s economic policy, termed “Bidenomics,” is, in fact, government intervention in the economy reflecting a distrust of markets’ self-regulating abilities, an economic researcher said. Bidenomics reflects the belief that the government can deliver better economic results via industrial policies, such as tariffs, subsidies, tax privileges, and other policies, than reliance on the free…
US Weekly Jobless Claims Post Biggest Drop in 20 Months as Economy Shows Stamina
June 30, 2023
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WASHINGTON—The number of Americans filing new claims for unemployment benefits fell last week by the most in 20 months, the latest sign of the economy’s resilience that could push the Federal Reserve to resume raising interest rates in July. The unexpected decline in applications reported by the Labor Department on Thursday reversed a recent jump,…
Santa Ana Nonprofit Receives $500,000 to Address Youth Unemployment
June 29, 2023
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CaliforniaOrange County CommunityRegional & State NewsSanta AnaSouthern CaliforniaState NewsunemploymentUS
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Over 300 residents converged at Sisters of St. Joseph of Orange in Orange, California on June 26 for an event awarding half a million dollars to a local nonprofit to help low-income youth gain access to job training services in Santa Ana. The funding, which was part of nearly $30 million in federal funds Rep….
Weekly US Applications for Unemployment Aid Remain Relatively Elevated
The number of Americans applying for unemployment benefits remained relatively elevated last week, potentially another signal that Federal Reserve rate hikes are beginning to cool a surprisingly resilient labor market. U.S. applications for jobless claims were 264,000 for the week ending June 17, the same as the previous week’s revised number, the Labor Department reported…
Weekly Applications for Unemployment Aid Remain Relatively Elevated
The number of Americans applying for unemployment benefits remained relatively elevated last week, potentially another signal that Federal Reserve rate hikes are beginning to cool a surprisingly resilient labor market. U.S. applications for jobless claims were 264,000 for the week ending June 17, the same as the previous week’s revised number, the Labor Department reported…
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