Page 37 - Thomas Simons News Today

The number of Americans who signed up for unemployment benefits rose last week to the highest level since November, though the U.S. job market continues to show signs of strength.

The number of Americans who signed up for unemployment benefits rose last week to the highest level since November, though the U.S. job market continues to show signs of strength.

In Maine, the number of new unemployment claims and claims for continued jobless aid have fallen for months and are now at the lowest point in three years a sign of the state's competitive labor market.

Unemployment claims rose to 262,000 last week, up 14,000 the previous week, reaching the highest level since November as major companies continue to layoff workers amid fears of a recession.

Applications for jobless aid climbed by 14,000 to 262,000 and now have risen five out of the last six weeks, the Labor Department reported Thursday.

The number of Americans that have applied to receive unemployment benefits has jumped for the third week in a row. According to the Department of Labor, this latest jump in jobless claims is the [...]

Treasury bonds and related exchange traded funds strengthened on Wednesday on rising safe haven demand in the face of growing recession fears.

WASHINGTON—For months, Chair Jerome Powell has held out hope that the Federal Reserve will be able to raise ...

WASHINGTON -- For months, Chair Jerome Powell has held out hope that the Federal Reserve will be able to raise interest rates high enough to throttle rampant inflation without tipping the economy into recession.

Even if a downturn can be avoided, it’s almost inevitable that the central bank will have to inflict some pain - most likely in the form of higher unemployment.