UNEMPLOYMENT

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.

The U.S. Labor Department’s weekly job report shows that initial unemployment claims dropped to 310,000 filings, a new pandemic low that has been touted as proof of the U.S. economy’s continuing recovery. However, the number of Americans continuing to file is still worse than anticipated.

Job openings increased by 10.9 million in July as employers struggled to find new employees.

New data released on Thursday for the number of Americans applying for unemployment benefits shows that only 340,000 claims were filed, a new lowest level for initial claims since March 14, 2020, when first-time claims totaled 256,000 before the COVID-19 pandemic

States that cut federal unemployment benefits are not bringing more Americans back into the workforce compared to states that are continuing these programs.

The unemployment crisis is targeting unemployed Gen X at higher rates as the world transitions to a virtual workspace.

Twenty-six states withdraw from unemployment financial assistance programs as America still faces pandemic hurdles.

A leading economic indicator found greater economic activity in June.

Last week marked the highest weekly initial jobless claims since May 15.

The U.S. ranked sixth in pessimism towards children’s financial futures, global survey found.

As job openings remain high, so does unemployment --- a sign the U.S. may need to retrain workers.

The jobs report for July 15 has shown a decrease in unemployment claims to 360,000 compared to 364,000 two weeks ago.

The move comes after McDonald's in May announced that it would raise its pay for thousands of its hourly workers.

While 22 million jobs were lost in OECD countries in 2020, 114 million jobs were lost worldwide as a result of the COVID pandemic.

As the economy reopens and hirings grow, private payrolls show a promising gain of 692,000.

Between 2019 and 2020, the number of millionaires climbed by more than 5 million, growing from 50.9 million to more than 56 million.