U.S. applications for jobless benefits rose last week but remain at historically low levels despite efforts by the Federal Reserve to cool the economy and the job market in its fight against inflation. Jobless claims in the U.S. for the week ending March 25 rose by 7,000 to 198,000 from the previous week, the Labor…
More Americans File for Jobless Claims; Layoffs Remain Low
March 30, 2023
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US Applications for Jobless Benefits Fall Again Last Week
February 23, 2023
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The number of Americans filing for jobless aid fell last week as the labor market remains resilient in the face of the Federal Reserve’s interest rate increases meant to cool the economy. Applications for unemployment benefits in the U.S. for the week ending Feb. 18 fell by 3,000 last week to 192,000, from 195,000 the…
European Shadow Unemployment Is a Real Dilemma
Commentary The latest jobs report in the United States shows strengths and weaknesses. Total nonfarm payroll employment increased by 223,000 in December, and the unemployment rate fell to 3.5 percent. However, the U.S. job market continues to show negative real wage growth, the employment-to-population ratio is 60.1 percent, and the labor force participation rate is…
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