A significant number of small businesses are struggling to hire workers and facing multiple challenges in their recruitment efforts, according to the National Federation of Independent Business (NFIB). Current labor market conditions are very tight, with 51 percent of all small business owners reporting that they could not fill their job openings, a June 14…
Small Business Owners Struggling to Hire in Tight Labor Market
June 20, 2022
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US Jobless Claims Fall as Labor Market Remains Tight
There was a decline in the number of Americans filing for new unemployment benefit claims for the week ending May 28, according to latest data from the U.S. Labor Department. The advance figure for seasonally adjusted initial claims was 200,000, down 11,000 from the previous week’s revised total of 211,000. The four-week moving average was 206,500…
‘Warning Signs’ Show Great Resignation Not Slowing Down: Randstad Survey
The phenomenon of record numbers of workers quitting their positions may persist among employees who remain unsatisfied with their jobs, according to a survey (pdf) by Randstad NV, a global provider of employment services. Dubbed the “great resignation” by experts, the trend has seen job openings outnumber individuals searching for employment opportunities, leaving employers scrambling to…
Labor Department Reports US Weekly Unemployment Claims Dropped at End of January
A Labor Department report on Feb. 3, showed that the number of Americans filing new weekly jobless claims fell 23,000 to 238,000, more than expected last week, as the Omicron variant subsided, a second straight weekly decline. Economists polled by Reuters had earlier forecast 245,000 jobless benefit applications. Jobless applications fell sharply in Ohio, Kentucky, and…
Wall Street Markets Wipe Out Gains After Reaching an Early High
Stocks on the S&P 500 and the Dow closed down on Dec, 30, after giving up its early gains late in the trading session breaking what could have been its longest streak of gains since March. The market initially rallied after weekly jobless claims fell more than expected, calming fears of the Omicron variant’s effect…
Unemployment Claims in US Rise Slightly to 206,000
The Labor Department announced on Dec. 16, that Americans filing for unemployment benefits rose as the labor market hit a slight bump in its recovery from last year’s CCP (Chinese Communist Party) virus pandemic. Jobless claims rose to 206,000 last week by 18,000, bouncing off of the prior week’s 52-year low, which was higher than the estimated…
Fed, Nearing Bond-Buying ‘Taper,’ Remains Divided on Inflation
Despite a broadly shared view that the U.S. labor market has healed enough to allow the Federal Reserve to start reducing its monthly bond purchases as soon as next month, policymakers remain divided over inflation and what they should do about it. The U.S. government reported on Thursday that producer prices rose 8.6 percent in…
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