Unemployment aid applications jump to highest level since October 2021
Some 261,000 people applied for jobless aid last week, a 10% increase from the week before.
Source: cbsnews.com
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WRAPUP 2-US weekly jobless claims race to 1-1/2-year high, economists urge caution
"The narrowness of the increase in claims by state is a further factor suggesting we should wait for additional confirmation before concluding layoffs have picked up, especially given the fraud in Massachusetts recently." Initial claims for state unemployment benefits jumped 28,000 to a seasonally adjusted 261,000 for the week ended June 3, the highest level since October 2021.
Source: devdiscourse.com
Jobless claims jump to 261,000 -- highest level since 2021
The number of Americans filing new claims for unemployment benefits surged to the highest level in more than 1-1/2 years last week, but most economists were not convinced that layoffs were accelerating, noting that the data can be very volatile.
Source: nypost.com
Unemployment Claims Surged Last Week. Is the Labor Market Weakening?
Claims for unemployment insurance were made at a rate not seen since October 2021, signaling that the high-flying labor market may finally be losing altitude.
Source: investopedia.com
US weekly jobless claims jump to 1½-year high
The number of Americans filing new claims for unemployment benefits surged to the highest level in more than 1\u00bd years last week, but most economists were not convinced that layoffs were accelerating, noting that the data can be very volatile.
United States New York Stuart Hoffman Conrad Dequadros Lucia Mutikani Institute For Supply Management
Source: ksl.com
Slower inflation, mild recession likely ahead, PNC economist predicts
Job losses are likely to go up, as a recession takes hold later in 2023, but PNC economist says recession could be milder and shorter than normal.
United States Stuart Hoffman Susan Tompordetroit Free Silicon Valley Bank Bureau Of Economic Analysis Us Bureau Of Labor Statistics
Source: dispatch.com
WRAPUP 2-US jobs market softening; slumping productivity boosts labor costs
Read more about WRAPUP 2-US jobs market softening; slumping productivity boosts labor costs on Devdiscourse
Source: devdiscourse.com
Fed hikes interest rates amid slow economy growth, recession fears
The cost of borrowing has soared on everything from credit cards to car loans to home equity lines of credit. So is a recession next in 2023 or 2024?
Source: freep.com
Slower inflation, mild recession likely ahead, PNC economist predicts
Job losses are likely to go up, as a recession takes hold later in 2023, but PNC economist says recession could be milder and shorter than normal.
United States Stuart Hoffman Detroit Economic Club Susan Tompordetroit Free Signature Bank Bureau Of Economic Analysis
Source: freep.com
US Weekly Jobless Claims Fall; Revisions Suggest Labor Market Looser
The number of Americans filing new claims for unemployment benefits fell last week, but annual revisions to the data showed applications were higher this year than initially thought, further evidence
Source: ibtimes.com