As workers have returned to the labor force, incomes have risen and the unemployment rate has dropped to 4.2%, a robust discussion has followed over what constitutes full employment in the American economy. … READ MORE >
unemployment
Initial jobless claims fall to 52-year low amid labor shortages
Initial claims for jobless benefits fell to 184,000 for the week ending Dec. 4, down from 227,000 in the previous week, according to Labor Department data released on Thursday. … READ MORE >
Canada employment steady as more sectors return to pre-pandemic levels
Canada’s economy continued its gradual recovery as the unemployment rate fell to 6.7% in October, the fifth month of decline in a row, according to data released Friday by Statistics Canada. … READ MORE >
U.S. October jobs report: Hiring booms as unemployment falls to 4.6%
The October U.S. employment report released on Friday showed an increase of 531,000 jobs and a decline of roughly 255,000 in the jobless rolls as the unemployment rate fell to 4.6%. … READ MORE >
Initial jobless claims drop to pandemic low as labor market rebounds
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 >
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 >