The number of workers filing for unemployment benefits was little changed last week, showing the resilience of the U.S. job market.
In a possible prelude to the 2024 Presidential election, President Joe Biden delivered his economic plan, as he laid out his case for a second term in the White House.
Nevada saw the highest unemployment rate in May at 5.4% similar to April, followed by the District of Columbia (5.1%) and California (4.5%), according to statistics released by the bureau on June 16.
The latest figures show that the labor market remains strong despite banking sector upheaval.
Employment made a surprise recovery to pre-pandemic levels in July, news that was welcomed by President Joe Biden ahead of key midterm elections.
Lack of access to healthcare during the unemployment period is believed to be one of the major contributors to complications later in life.
Initial unemployment claims in the U.S. surged to an eight-month high in a sign that the labor market may be slowing down, adding to fears that a recession may be inevitable.
The new study found a bidirectional relationship between loneliness and unemployment.
"There’s a clear power shift underway, as people rethink priorities," said one expert.
Retail sales saw a notable boost in January with sales rising 3.8% despite concerns about the Omicon variant of COVID-19 and rising inflation.
Initial unemployment claims for the last week of January beat forecasted expectations.
"The Great Resignation" has hit some states harder than others.
Initial unemployment claims in the U.S. surged sharply to a three-month high on Thursday, an ominous sign of Omicron’s toll on the labor market and a worrisome employment picture.
Initial unemployment claims in the U.S. leapt to a fresh high on Thursday, hitting 230,000 new claims after posting weeks of figures that fell below pre-pandemic levels.
Initial unemployment claims inched higher in the U.S. to 207,000 for the last week of 2021. These numbers arrive one day before the monthly jobs report arrives from the Labor Department to gauge hiring in last December.
Initial unemployment claims for the week ending on Christmas Day hit 198,000, beating forecasts and falling to a level not seen in decades.
The U.S economy has been treading a steady path towards recovery after two years of disruption from COVID-19. While the process isn't yet complete, a new study aims to show just how well some states have rebounded since the start of the pandemic.
The latest report on U.S retail sales was a disappointment after coming up short of expectations that the holiday shopping season may boost sales.
In its weekly report, the Labor Department found that there were 184,000 initial unemployment claims in the last week. The last time comparable numbers were seen was the 182,000 low in September 1969.
The job market grew in October with 11 million job openings as 4.2 million quit their jobs and another 1.4 million were laid off.
The U.S Labor Department reported that the number of initial unemployment claims leapt to 222,000, only one week after recording lows not seen since 1969.
Initial unemployment claims fell sharply below pre-pandemic levels and hit 199,000, the Department of Labor reported on Wednesday. These levels have not been seen since November 1969.
The U.S.Department of Labor found that the number of initial unemployment claims has fallen slightly. However, it barely budged from where it was last week, falling once again below forecasts expecting larger drops.
The number of initial unemployment claims in the U.S. has fallen for a third week in a row and is slowly inching closer to pre-pandemic lows. This data arrives only days before the Federal Reserve is set to meet on Monday.
The state of job hiring received a boon Wednesday when a new payroll report showed that 568,000 new positions were created in September with the hospitality sector leading the surge.
Retail sales have risen 0.7% in August despite concerns for the Delta variant and rising jobless claims.