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“Job openings stayed high in November in blow to Fed” US job openings slipped in November but remained high, suggesting businesses are still determined to add workers, a blow to the Federal Reserve’s efforts to cool hiring and wage gains. There were 10.46 million job vacancies on the last day of November, down slightly from a…
“Companies offer big raises to keep workers, adding to inflation” Workers who are staying in their jobs are getting their biggest pay raises in decades, putting pressure on inflation, according to a report from the Wall Street Journal. According to the Federal Reserve Bank of Atlanta, wages for employees who stayed at their jobs were…
“Jobless claims rise for second straight week” The number of Americans filing new claims for unemployment benefits edged higher last week but remain in a range indicating the job market remains tight, even as the Federal Reserve works to cool demand for labor as part of its bid to lower inflation. Initial claims for state unemployment benefits rose 9,000 to a seasonally adjusted 225,000 for…
“The Top 10 Trends in Employee Management” According to Britannica, the past few decades had more development than the whole of previously recorded history, and as we speak, the world keeps evolving faster than ever. In the last three years alone, the entire globe was stuck in lockdown, and remote work immediately became the norm,…
“The answer to youth joblessness is not another progressive wage hike” New York City’s jobless crisis continues. State Comptroller Tom DiNapoli reports nearly a quarter (23.6%) of Gotham men aged 16-24 seeking a job can’t find one. Counting women in that age bracket, it’s a still-awful 17.9% vs. 8.3% nationally. Naturally, progressives want to make…
“Jobless claims fall to lowest level in over two months” The number of Americans applying for unemployment benefits fell significantly last week, a sign that the labor market remains strong even as the Federal Reserve continues to raise interest rates in an effort to cool the economy and slow inflation. Applications for jobless claims fell…
“Jobless claims rise by 4,000 as labor market remains tight” The number of Americans filing new claims for jobless benefits increased moderately last week, while continuing claims hit a 10-month high towards the end of November, suggesting the labor market was gradually slowing down. Still, labor market conditions remain tight, keeping the Federal Reserve on course to continue increasing…
“Jobless claims fall by 16,000 after surging a week earlier” Initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 225,000 for the week ended Nov. 26. That unwound some of the surge in the prior week, which had boosted claims. While some of the rise reflected a surge in layoffs in the technology sector, claims also tend to…
“Job openings dipped in October in positive sign for Fed” US job openings dropped in October but remained high, a sign that businesses became slightly less needy for workers as the Federal Reserve ramps up interest rates in an effort to cool the economy. Employers posted 10.3 million job vacancies in October, down from 10.7 million in…
“Weekly jobless claims hit 3-month high” The number of Americans filing new claims for unemployment benefits increased to a three-month high last week amid rising layoffs in the technology sector, but that likely does not suggest a material shift in labor market conditions, which remain tight. Weekly jobless claims data tend to be volatile around the start of the holiday…