Interest rate increases have taken the edge off labor demand, but unemployment dipped in November, and wages rose more than expected.
Category: Unemployment
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U.S. Job Openings Dropped in October
The number of openings fell to 8.7 million from 9.3 million in September, the Labor Department said, a sign of continued cooling in the labor market.
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JOLTS Report Shows U.S. Job Openings Steady in September
The Labor Department report is a gauge of how well the labor market can withstand the highest interest rates in two decades.
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For China’s Jobless Young People, Hostels Are the Place to Be
Chinese backpacker hostels offering bunk beds for a few dollars a night have become hubs for the anxiety and ambitions of job-seeking youth.
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Adams Says NY Regained Its Lost Jobs. Why Doesn’t It Feel That Way?
Mayor Eric Adams announced last week that the city recovered all of the jobs lost during the pandemic. Analysts say that’s only part of the story.
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American Household Wealth Jumped in the Pandemic
Pandemic stimulus, a strong job market and climbing stock and home prices boosted net worth at a record pace, Federal Reserve data showed.
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The U.S. added 336,000 jobs in September.
The labor market is providing solid income growth, even as inflated prices frustrate consumers.
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China Suspends Youth Unemployment Report
The Chinese government said it would no longer release monthly data about unemployment in young people, which had risen each month this year and reached 21.3 percent.
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As China’s Youth Unemployment Soars, Pressure on Colleges Grows
Under pressure from Beijing, Chinese schools have been told to do more to secure jobs for students, who are facing bleak prospects.
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Las Vegas Suffers as Nevada Economy Droops, Costing Jobs
Nevada has the highest unemployment rate in the country at 5.4 percent as officials insist the economy must move away from its focus on gambling.
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Is Good News Finally Good News Again?
Economists had been wary of strong economic data, worried that it meant inflation might stay high. Now they are starting to embrace it.