The crypto space has been largely captivated which compels the price to remain consolidated at around $20,000. While the BTC price manages to make it towards the upper resistance, an external factor s...
Tag: Unemployment
Bitcoin Price Remains Stable As US Unemployment Rate Rises To 3.7%
– Advertisement – Bitcoin absorbing the pressure; the price has not moved as US Unemployment Rate Rises to 3.7%. Bitcoin remains in the consolidation phase despite several forecasts of a...
Why a higher unemployment rate may be good
Catherine Mcqueen | Moment | Getty Images Why the unemployment rate increased in August The unemployment rate increased by 0.2 percentage points from 3.5% in July — a level that had tied with early 20...
August jobs report shows declining participation among Black workers
Commuters arrive at Grand Central station during morning rush hour in New York, Nov. 18, 2021. Jeenah Moon | Bloomberg | Getty Images The August jobs report showed the U.S. unemployment rate rise acro...
August 2022 jobs report:
Nonfarm payrolls rose solidly in August amid an otherwise slowing economy, while the unemployment rate ticked higher as more workers rejoined the labor force, the Bureau of Labor Statistics reported F...
Unemployment Rises – Trustnodes
The unemployment rate in the United States has risen for the first time in nine months, increasing to 3.7% from 3.5%, higher than in 2019. “In August, the unemployment rate rose by 0.2 percentage poin...
Unemployment Rate Unexpectedly Rose To 3.7% In August As Layoffs Continue To Spike
Topline The unemployment rate unexpectedly rose last month as the economy added another 315,000 jobs—signaling the labor market, which has remained one of the economy’s strongest pillars during the pa...
Here’s The What Financial Markets Will Be Watching Out For This September
NEW YORK, NY – FEBRUARY 2: (Photo by Drew Angerer/Getty Images) Getty Images Historically, September has seen the worst monthly stock market returns in recent history. That together, with the fa...
Jobless claims total 232,000, the lowest level in two months
Initial filings for unemployment insurance fell to their lowest level since late June last week, a sign that the labor market is resilient amid a slowing economy. Claims totaled 232,000 for the week e...
When Does The Unemployment Rate Actually Forecast Stock Prices?
Unemployment and inflation – key economic indicators. Getty Images The unemployment rate is a key indicator of the health of any economy. A high unemployment rate indicates that the economy is n...
China’s economy wrestles with growing youth unemployment and falling prices for new homes
When Xi Jinping came to power in China in 2012 and detailed his ‘Chinese dream,’ he didn’t anticipate how difficult it would be for him to win an unprecedented third term as the country’s leader. Mean...
Jobless claims edge lower as Fed looks to cool labor market
A “We’re Hiring” sign is posted at a Target store on August 05, 2022 in San Rafael, California. Justin Sullivan | Getty Images Initial filings for unemployment benefits declined slig...
Rising Unemployment Claims Signal ‘Rapid Deterioration’ In Job Market—But Here’s Why The Data May Be Misleading
Topline New jobless claims rose to the highest level in nine months last week as a growing number of firms continue to announce layoffs, but analysts aren’t so sure the seemingly rapid deteriora...
Wage inflation, used car prices could jump higher: Jim Bianco
Washington’s efforts to curb inflation will fall short particularly this year, according to market forecaster Jim Bianco. And, he believes this week’s key inflation data will help prove it...
Black workers see rise in unemployment
Commuters arrive at Grand Central station during morning rush hour in New York, Nov. 18, 2021. Jeenah Moon | Bloomberg | Getty Images The U.S. job market posted strong growth and a decline in unemploy...
Long-term unemployment tumbles to its pre-pandemic level
Long-term unemployment tumbled below its pre-pandemic level in July, the U.S. Department of Labor said Friday, as an unexpectedly strong showing of job gains buoyed workers broadly across the economy....
Jobs report July 2022: 528,000
Hiring in July was far better than expected, defying multiple other signs that the economic recovery is losing steam, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls rose 528,000 for ...
This Is Why We Are Not In A Recession Yet, But It’s Just A Matter Of Time
The market bounce may be short-lived if it thinks that the Fed is going to become less aggressive … [+] anytime soon. (Photo by Bryan R. Smith / AFP) (Photo by BRYAN R. SMITH/AFP via Getty Image...
US weekly jobless claims rise to 260,000 ahead of nonfarm payrolls report
A sign for hire is posted on the window of a Chipotle restaurant in New York, April 29, 2022. Shannon Stapleton | Reuters Initial claims for unemployment insurance totaled 260,000 last week, near the ...
People Aren’t Moving For Better Opportunities—But Maybe They Should
A young couple moving. getty Many cities have terrible crime problems, most having rising home prices, and a few still have limited job opportunities. So why aren’t people moving to better locales? Th...
Bank Of America Fined $225 Million Over ‘Botched’ Handling Of Unemployment Benefits At Height Of Pandemic
Topline Federal banking regulators fined Bank of America on Thursday after finding its fraud filter unlawfully froze customers’ prepaid unemployment insurance benefit accounts, leaving “distressed con...
Involuntary part-time worker numbers dip to lowest level in 21 years
Momo Productions | Digitalvision | Getty Images The number of Americans who want to work full-time but are forced to work part-time jobs declined in June to its lowest in more than 20 years, according...
Hot job market and Great Resignation persist despite recession threat
Mixetto | E+ | Getty Images Workers are still reaping the benefits of a hot labor market characterized by few layoffs, ample job openings and a high level of voluntary departures, according to U.S. De...
Let’s Stop Blaming Workers for the Ongoing Shortage of Workers
Cato Institute co-founder Ed Crane always marvels at the simplistic thought processes of economic reporters and commentators. It truly mystifies him that they still spill so much ink on how to get a c...
Clean Energy Jobs Are Booming, Making Up For Rising Fossil Fuel Unemployment
Memo to job-seekers: The United States’ clean energy industry is hiring, faster than the overall national economy, and it’s paying above-average wages. The 2022 U.S. Energy and Employment Report (USEE...
Unemployment Will Rise And ‘Extreme’ Price Pressures Continue As Fed Hikes Risk Recession, S&P Warns
Topline Economists at S&P Global Ratings on Monday warned the likelihood of a recession over the next year is increasing as the Federal Reserve continues its most aggressive economic tightening cy...
German Minister Warns Of ‘Catastrophic’ Industrial Shutdowns And Mass Unemployment If Gas Crisis Continues
Topline Germany’s economy minister Robert Habeck said the country’s federal government is attempting to stabilize energy supplies but warned of potential industry shutdowns and job losses if gas reser...
‘Deranged Sociopaths’ and Higher Unemployment Can Fix US Economy
The former Secretary of the U.S. Treasury, Larry Summers, said that jobless rates must rise to curb inflation and fix the economy, provoking a robust pushback from the crypto community. The author Sa...
Here’s how recessions became an inevitable part of American economy
The U.S. has experienced at least 30 recessions throughout history, dating back as early as 1857. Some economists argue that they may have become an inevitable part of the financial cycle that fluctua...
Inflation expectations hit record levels in May, New York Fed says
People shop in a supermarket as inflation affected consumer prices in Manhattan, New York City, U.S., June 10, 2022. Andrew Kelly | Reuters Consumer expectations for inflation and spending in the year...