Initial jobless claims declined to 269,000 for the week ending Oct. 30, only 57,000 higher than the 212,000 in March 2020, before the pandemic. … READ MORE >
unemployment
Hispanic ascendant: challenges, opportunities and the real economy
Given the growth and economic power of the Hispanic community in the United States, we believe it will strengthen the backbone of the real economy, helping the country solve a range of issues in the post-pandemic world, such as labor shortages, dampened population growth, and structural economic changes. … READ MORE >
Initial jobless claims hit a pandemic low
In another sign of the continuing tight labor market, new jobless claims hit a pandemic low at 290,000 for the week ending Oct. 9, following an upwardly revised reading of 329,000 in the previous week. … READ MORE >
Chart of the day: The ‘real’ unemployment rate is 8.2%
The headline U3 unemployment rate of 4.8% for September is probably an undercount of the number of out-of-work people in the United States. … READ MORE >
Canada’s employment is back to pre-pandemic levels
Canada added an encouraging 157,000 jobs in September, bringing its total employment to just over the February 2020 level. … READ MORE >
September U.S. jobs report: One-time factors dampen hiring as unemployment rate falls to 4.8%
Widespread disruption to supply chains, the impact of Hurricane Ida, modest delays in the reopening of schools and day care centers and seasonal noise in the employment data all combined to dampen hiring in September. … READ MORE >
Initial jobless claims fell more than expected as labor market gained momentum
First-time claims for jobless benefits—a proxy for layoffs—posted a significant 10.4% drop for the week ending Oct. 2 to 326,000, in a sign that the labor market continues to be tight. … READ MORE >
ADP private payrolls report: Strong rebound, but not for middle market firms
Nonfarm private employment showed a surprisingly strong rebound in September after a disappointing August, according to data released by ADP on Wednesday. … READ MORE >
U.S. September jobs preview: Expect a modest gain amid special factors and seasonal adjustments
The U.S. September employment report will most likely feature a net change in total employment of 375,000 and a decline in the unemployment rate to 5.1% when it is released on Friday. … READ MORE >
Initial jobless claims rose for third straight week as millions lost federal pandemic benefits
First-time jobless claims rose to 362,000 for the week ending Sept. 25 as enhanced federal unemployment benefits ended, according to government data released Thursday. … READ MORE >