The UK labour market has seen an unexpected rise in unemployment as well as a fall in inactivity, as more men in particular started looking for work. The Office of National Statistics (ONS) issued its latest employment and unemployment figures on May 16, reporting the main trends of the UK labour market. The unemployment rate…
House Passes Bill Incentivizing States to Claw Back Fraudulent Unemployment Insurance Benefits
The House voted on May 11 to pass legislation aimed at incentivizing states to claw back fraudulently paid unemployment benefits made during the COVID-19 pandemic. The bill, H. R. 1163, known as the “Protecting Taxpayers and Victims of Unemployment Fraud Act” passed in a 230–200 vote, with 10 Democrats joining Republicans in voting for the legislation. Under the legislation…
Will Tucker Carlson’s Exit Revolutionize the Way We Consume News?
May 5, 2023
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We speak with activist Brandon Straka—a man who was silenced by most media after Jan. 6—about the experience he had with the mainstream media and Tucker Carlson. April’s jobs report beat expectations. Over 200,000 jobs were added, with unemployment going down, but will this help or hurt other areas of the economy? Heated testimony takes…
US Economy Adds 253,000 New Jobs in April, Unemployment Rate Ticks Lower
The U.S. economy added 253,000 new jobs in April, up from a downwardly revised 165,000 in March, according to the Bureau of Labor Statistics (BLS). This was higher than the market estimate of 180,000. Employment gains were revised down for February by 78,000 to 248,000 and changed downward for March by 71,000 to 165,000. The…
German Unemployment Rises More Than Expected in April
BERLIN—German unemployment rose more than expected in April, Labour Office figures showed on Friday, as a sluggish economy took its toll on the labour market. The Federal Labour Office said the number of people out of work increased by 24,000 in seasonally adjusted terms to 2.567 million. Analysts polled by Reuters had expected that figure…
Jobless Claims Fall Again With Labor Market Churning Along
Applications for unemployment benefits in the U.S. fell last week as the labor market continues to show strength despite some weakness in other parts of the economy. The number of Americans filing for jobless claims for the week ending April 22 fell by 16,000 to 230,000, the Labor Department reported Thursday. The four-week moving average…
US Unemployment Claims Tick Up to 245,000, but Still Low
WASHINGTON—The number of Americans applying for unemployment benefits rose last week but remains low by historic standards. U.S. jobless claims rose by 5,000 to 245,000, the Labor Department reported Thursday. The four-week moving average of claims, which evens out week-to-week ups and downs, fell by 500 to 239,750. At the start of the year, weekly…
UK Unemployment Rate Rises and Vacancies Fall as Economic Woes Weigh on Jobs Market
The UK unemployment rate has risen unexpectedly and vacancies have fallen for the ninth straight month as the uncertain economic outlook weighs on the country’s jobs market. According to the latest data from the Office for National Statistics (ONS), the unemployment rate for December 2022 to February 2023 increased by 0.1 percentage points on the…
Cracks Forming in the US Labor Market as Job Losses Increase in Tech, Building Sectors
Despite a robust March jobs report, market analysts assert that cracks are beginning to form in the labor market, warning that the banking turmoil may be a contributing factor to easing employment growth in the coming months. Mike Fratantoni, the chief economist of the Mortgage Bankers Association (MBA), predicted in a research note that the unemployment…
US Jobless Claims Rise but Remain at Historically Low Levels
April 13, 2023
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U.S. applications for jobless benefits rose to their highest level in more than a year, but remain at relatively low levels despite efforts by the Federal Reserve to cool the economy and job market in its battle against inflation. Jobless claims in the U.S. for the week ending April 8 rose by 11,000 to 239,000…
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