Initial claims fell to 217,000 for the week ending July 18, down from 221,000 in the prior week. The pre-pandemic average was 218,000.. … READ MORE >
U.S. unemployment rate
U.S. economic outlook: Stagflation lite to describe second half
We now expect growth to slow to 1.1% this year, inflation to rise above 3% and a 4.4% unemployment rate. … READ MORE >
Market Minute: Unemployment expectations, job creation and the trade shock
The percentage of consumers who expect unemployment to rise over the next 12 months soared to 65% in April, according to the University of Michigan’s survey of consumer sentiment. … READ MORE >
Job growth cools in January amid revisions to labor force estimate
The tailwind in the American economy resulted in 143,000 jobs added in January and a decline in the jobless rate to 4%. … READ MORE >
American exceptionalism: Job gains of 256,000 to temper calls for further rate cuts
The American economy remains at full employment and will remain tight for the near future, which should temper calls for the Federal Reserve to cut rates further. … READ MORE >
Morning market minute: Net immigration, population growth and U.S. employment
This influx of immigrants is one of many reasons why the U.S. economy has grown by nearly 3% over the past two years. … READ MORE >
Hiring rebounded in November following weather-distorted October report
After the distortions In October’s jobs report caused by two hurricanes, the American labor market bounced back in November with the creation of 227,000 jobs. … READ MORE >
Initial jobless claims climb amid holiday volatility
First-time claims for unemployment benefits increased to 224,000 Last week, in line with the 13-week moving average of 226,000. … READ MORE >
Morning market minute: The mystery of rising long-term unemployment
But there a mystery amid today’s strong labor market: Longer-term unemployment of greater than 27 weeks is on the rise. … READ MORE >
Distortions in the October U.S. jobs report mask underlying strength
We would urge investors, firm managers and policymakers not to overinterpret the temporary factors driving the top-line decline and to expect a similar dynamic in the November jobs estimate. … READ MORE >