Courtneyk | E+ | Getty Images More than $163 billion in benefits likely leaked from the unemployment system during the pandemic, with a “significant portion” attributable to fraud, accordi...
Tag: Unemployment
Home affordability at 2007 bubble level but crash unlikely: Blackstone
A major Wall Street firm is drawing a striking parallel to the housing bubble. Blackstone’s Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely du...
Blackrock Abandons China, Sunac Liquidity Crisis, and Unemployment Rises in China – crypto.news
China’s economy is experiencing one of its most challenging times. One of the leading American-based investment companies, Blackrock, recently abandoned China’s bullish call. The Multinational company...
Stagflation risk rises as the Federal Reserve tightens monetary policy
The Federal Reserve is hiking interest rates in an effort to defuse an explosive year of price inflation. But global forces could neutralize the effects of that tightening of monetary policy, and keep...
How Stagflation Could Trigger Global Bitcoin Adoption
Stagflation can be defined as a prolonged period in which an economy experiences persistently high inflation, high unemployment rates, and stagnant aggregate demand. It is a period where central banks...
China Q1 GDP Beats Expectations, Unemployment Rate Rises
The GDP China recorded in Q1 exceeded analysts’ expectations to rise 4.8% despite COVID-induced economic contraction affecting employment. Despite the impact of lockdowns caused by the Covid outbreak,...
US weekly jobless claims
The labor market tightened further last week, with initial jobless claims falling to their lowest level in more than 53 years, the Labor Department reported Thursday. Initial filings for unemployment ...
Here are the signs the job market is hot for workers
A “Now Hiring” advertisement in a store window in Bay Shore, New York, on March 24, 2022. Steve Pfost/Newsday RM via Getty Images Claims for unemployment insurance last week fell to their ...
Fed’s Mary Daly says high inflation ‘is as harmful as not having a job’
San Francisco Federal Reserve Bank chief of research Mary Daly stands near the podium before a speech at the CFA Society in San Francisco, California, U.S. July 10 2018. Ann Saphir | Reuters San Franc...
Here’s where the jobs are for March 2022 — in one chart
As Covid restrictions eased, rebounds in the leisure and hospitality and business sectors helped to drive a strong March jobs report. The U.S. economy added more than 400,000 jobs in the final month o...
Payrolls rose 431,000 in March, less than expected
Amid soaring inflation and worries about a looming recession, the U.S. economy added slightly fewer jobs than expected in March as the labor market grew increasingly tighter. Nonfarm payrolls expanded...
Long-term unemployment tumbles in March as job market stays hot
A job seeker receives information from a recruiter during a job fair in Miami on Dec. 16, 2021. Eva Marie Uzcategui/Bloomberg via Getty Images The ranks of the long-term unemployed fell again in March...
US Adds 431K Jobs in March, as Unemployment Rate Nears Pre-Pandemic Level
The U.S. economy is still scrambling with a labor shortage as a result of the pandemic, which left 10.9 million jobs vacant at the end of 2021. But the employment situation summary signals a strong re...
Jobless Claims Hit New Pandemic Low—Number Of Americans Receiving Unemployment Benefits Falls To 1.4 Million
Topline New jobless claims fell sharply last week to their lowest level during the pandemic, performing better than economists expected as a strong labor market recovery encourages Federal Reserve off...
5 charts show the stages of global economic recovery since Covid hit
Commuters on a train in Hong Kong on March 2, 2022, amid the Covid pandemic. Dale De La Rey | AFP | Getty Images Oil prices plunged, travel came to a halt and unemployment rates spiked when the corona...
‘Tina’ Broadway star Nkeki Obi-Melekwe also excels at helping women
Nkeki Obi-Melekwe performs during the first birthday gala performance of “Tina: The Tina Turner Musical” in London in 2019. David M. Benett | Getty Images Entertainment | Getty Images Nkek...
Big raises may be coming back down to earth
A ‘help wanted’ sign is posted in front of restaurant on Feb. 4, 2022 in Los Angeles. Frederic J. Brown | AFP | Getty Images The big raises that many Americans got over the past year are s...
Economy Added Back 678,000 Jobs As Unemployment Rate Ticked Down To 3.8%
Topline The U.S. added back a surprisingly strong 678,000 new jobs in February, performing much better than experts were expecting in a report that’s likely to encourage the Federal Reserve to pursue ...
Jobless claims GDP:
Weekly jobless claims came in slightly less than expected last week and economic growth to end 2021 was slightly better than originally reported, according to government data released Thursday. Initia...
New Unemployment Claims Unexpectedly Rise For First Time In Four Weeks As Inflation, Russia Drive Economic Uncertainty
Topline The number of new unemployment claims unexpectedly jumped for the first time in nearly a month on Thursday, highlighting the rising level of economic uncertainty amid a prolonged inflation sur...
Jordanians Turn to Crypto Amidst Deep Unemployment Crisis
A lack of Job opportunities in Jordan has seen many younger people turn to crypto as a lifeline. A young accountant in Jordan, Ahmed al-Hindi, has invested in crypto in a country where the unemploymen...
Weekly jobless claims total 238,000, fewer than expected
Initial filings for unemployment claims totaled a bit fewer than expected last week as companies looked to overcome the impact of the omicron spread. Claims for the week ended Jan. 29 were 238,000, a ...
Here’s where the jobs are for January 2022 — in one chart
Despite a spike in omicron Covid-19 cases, U.S. employers managed to add over 450,000 jobs last month thanks to robust hiring at restaurants and bars, retailers and mail and parcel delivery workers. T...
Payrolls show surprisingly strong gain of 467,000 despite omicron surge
Job growth rose far more than expected in January despite surging omicron cases that seemingly sent millions of workers to the sidelines, the Labor Department reported Friday. Nonfarm payrolls surged ...
Long-term unemployment tumbles in January
A job seeker receives information from a recruiter during a job fair in Miami on Dec. 16, 2021. Eva Marie Uzcategui/Bloomberg via Getty Images Long-term unemployment fell significantly in January, con...
U.S. Added Back 467,000 New Jobs In January—But Unemployment Rate Ticked Up To 4%
Topline Despite a record wave of Covid-19 cases, the U.S. added back a surprisingly strong 467,000 new jobs in January, performing much better than experts were expecting in a report that’s likely to ...