New filings for jobless benefits increased slightly by 4,000 last week, but the more noteworthy change was a significant downward revision in the previous two reports from the Labor Department. … READ MORE >
unemployment
Hiring in U.S. remains robust in April as the jobless rate falls to 3.4%
We have made the case over the past few months that resilience rather than recession is a more apt description of the American economy. The net change in employment in the April jobs report of 253,000 reported by the Labor Department on Friday reflects that resilience. In addition, the … … READ MORE >
Initial jobless claims drop further
Initial claims for unemployment benefits fell by 1,000 to 191,000 last week, remaining below the pre-pandemic average and below expectations of a slight increase to 197,000. … READ MORE >
How many jobs need to be sacrificed to tame inflation? Cost is rising, RSM models show.
Under our base case, a loss of 2.5 million jobs is consistent with a 5.1% unemployment rate, 3% inflation and a likely recession under current economic conditions. … READ MORE >
Jobless claims and housing starts come in hotter than expected
Jobless claims and housing starts blew past forecasts in the most recent reports released Thursday, both showing stronger-than-expected results amid a looming economic downturn. … READ MORE >
U.S. job creation remains robust, implying more aggressive rate hikes
February showed a 311,000 net change in total employment amid a 3.6% unemployment rate and 4.6% increase in average hourly earnings on a year-ago basis. … READ MORE >
New jobless claims fall again amid strong labor market
New claims dropped by 2,000 to 190,000 for the week ending Feb. 24, lower than the pre-pandemic average at 218,000, according to Labor Department data released on Thursday. … READ MORE >
Initial jobless claims remain below the pre-pandemic level
New filings for jobless benefits continued to defy market expectations, falling to 183,000 last week from 186,000 a week earlier. … READ MORE >
The pandemic response: Assessing the Paycheck Protection Program
The American economy was facing an abyss in March 2020, but because of forceful action by the fiscal and monetary authorities, it rebounded faster than expected. … READ MORE >
U.S. economy generates 4.5 million jobs in 2022 as labor market remains hot
The American economy added 223,000 jobs in December, the unemployment rate fell to 3.5% and wages increased by 4.6%. … READ MORE >