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“America isn’t working, thanks to COVIDiocy and Bidenomics” The nation added 390,000 jobs in May, per the latest federal data, the lowest gain of the last 12 months and leaving America still 800,000 short of the pre-pandemic level. Yet employers are desperate to hire more, with a survey last week finding that hiring is the…
“US economy adds 428,000 jobs in April, beating forecasts” America’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing costs. Friday’s jobs report from the Labor Department showed that last month’s hiring kept the unemployment…
“US economy shrank by 1.4% as inflation takes toll on GDP” The US economy contracted by 1.4% in the most recent quarter, shrinking for the first time since the pandemic-induced recession two years ago as inflation continues to surge, according to government data released on Thursday. The Commerce Department’s estimate Thursday of the first quarter’s…
“Great talk, but NYC needs results” Sunday marks Mayor Eric Adams’ 100th day in office. The man who wants to give New York back its swagger is saying (and in some cases doing) most of the right things. On crime, in particular, he’s hit back at Albany’s inadequate fixes in the state budget as leaving…
“After 6 months, I hate my job — will it look bad if I leave?” During COVID, I left my job for a higher paying job, but I hate the company. Will it look bad if I leave after only a few months, or do I need to stick it out? Conventional wisdom is that…
“#US jobless claims jump to 286K as Omicron hits employers” The number of American workers filing unemployment claims jumped much more than expected this week as US companies and employees contend with the Omicron variant, according to data released Thursday. Workers filed 286,000 initial jobless claims for the week ending on Jan. 15, the Labor…
“#US jobless claims unchanged at 205,000 amid fears Omicron could trigger layoffs” The number of Americans applying for unemployment benefits was unchanged last week, remaining at a historically low level that reflects the job market’s strong recovery from the coronavirus recession last year. Jobless claims remained at 205,000. The four-week average, which smooths out week-to-week…
“#New York City unemployment keeps getting worse” New York City is a jobs killer. Gotham now ranks near dead last in the country for its jobs recovery during the pandemic. America’s already regained 90 percent of its lost jobs — New York City, just six in 10. Unemployment is double the national average. And it…
“#New jobless claims march lower toward pre-pandemic level” The number of Americans newly seeking jobless benefits dropped again last week, inching closer to pre-pandemic levels amid the historically tight labor market, the feds said Thursday. As of last week, initial filings for unemployment benefits, seen as a proxy for layoffs, fell to 268,000, down 1,000 from the prior week’s…
“#Facts Trump Dems’ claims on Donald’s economy” When President Donald Trump took office in 2017, economists around the world had accepted the fact that the US economy had entered the “new normal” where economic growth would be low, and wage growth nonexistent. Trump’s team argued that deregulation, trade policy and tax cuts could bring us…