The number of Americans filing new claims for unemployment benefits edged higher last week but remain in a range indicating the U.S. job market remains tight, even as the Federal Reserve works to cool demand for labor as part of its bid to lower inflation. Initial claims for state unemployment benefits rose 9,000 to a…
LIVE NOW: Market Falls Mirror Great Depression; Unemployment Numbers Doctored
December 21, 2022
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The United States is seeing economic trends not witnessed since the Great Depression, including with its falling GDP. While there are various estimates on the crisis, it’s projected to last for years before real improvements are seen, and early estimates didn’t take into account unforeseen events such as ongoing lockdowns in China or Russia’s war…
Market Falls Mirror Great Depression; Unemployment Numbers Doctored
December 21, 2022
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crisisCrossroadsdepressioneconomicemploymentEpochTVFeatured TopicsJoe BidenLive VideosmarketPolicies & ImpactspresidentunemploymentUSUS NewsVideo
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The United States is seeing economic trends not witnessed since the Great Depression, including with its falling GDP. While there are various estimates on the crisis, it’s projected to last for years before real improvements are seen, and early estimates didn’t take into account unforeseen events such as ongoing lockdowns in China or Russia’s war…
LIVE 10:30 AM ET: Market Falls Mirror Great Depression; Unemployment Numbers Doctored
December 21, 2022
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crisisCrossroadsdepressioneconomicemploymentEpochTVFeatured TopicsLive VideosmarketPolicies & ImpactsunemploymentUSUS NewsVideo
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The United States is seeing economic trends not witnessed since the Great Depression, including with its falling GDP. While there are various estimates on the crisis, it’s projected to last for years before real improvements are seen, and early estimates didn’t take into account unforeseen events such as ongoing lockdowns in China or Russia’s war…
Biden Grants Working Visas to 65,000 Foreigners to Help ‘Meet Needs of American Businesses’ Amid Tight Labor Market
The Biden administration is set to allow nearly 65,000 H-2B foreign visa workers to take on nonagricultural jobs in the United States over the next nine months. The U.S. Department of Labor (DOL) and the U.S. Department of Homeland Security (DHS) issued a final rule on Dec. 12, allowing nonagricultural employers to apply for 64,716 additional visas for the…
Biden Admin Grants Working Visas to 65,000 Foreigners to Help ‘Meet Needs of American Businesses’
December 14, 2022
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The Biden administration is set to allow nearly 65,000 H-2B foreign visa workers to take on nonagricultural jobs in the United States over the next nine months. The U.S. Department of Labor (DOL) and the U.S. Department of Homeland Security (DHS) issued a final rule on Dec. 12, allowing nonagricultural employers to apply for 64,716 additional visas for the…
UK Unemployment Rate Rises as Jobs Market Shows Signs of Weakening
Britain’s rate of unemployment has risen again and the number of vacancies fell back further in a sign of a weakening jobs market, official figures have shown. According to the latest data from the Office of National Statistics (ONS), the UK unemployment rate rose to an estimated 3.7 percent in the three months to October,…
US Weekly Jobless Claims Rise; Continuing Claims at 10-Month High
WASHINGTON—The number of Americans filing new claims for jobless benefits increased moderately last week, while unemployment rolls hit a 10-month high towards the end of November, suggesting the labor market was gradually slowing down. Still, labor market conditions remain tight, keeping the Federal Reserve on course to continue increasing interest rates as it fights inflation….
BofA Warns of Looming Unemployment Shock, Recommends Selling Stock Rallies
Bank of America (BofA) analysts are warning of a collapsing U.S. labor market and a potential rise in unemployment next year. They also recommended selling a stock market rally ahead of the likely surge in job losses. “Bears (like us) worry unemployment in 2023 will be as shocking to Main Street consumer sentiment as inflation…
Progressives Determined to Accept Higher Inflation
November 25, 2022
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Commentary “Having a little inflation is like being a little pregnant.” — Leon Henderson, FDR Administration This past summer, Sen. Elizabeth Warren (D-Ma.) berated Larry Summers and other interest rate hawks for possibly causing a recession with their calls for higher rates. She called Summers “someone who has never worried about where his next paycheck will come…
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