unemployment

Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment Insurance is a joint state-federal program that provides cash benefits to eligible workers. The benefits partially replace wages to help unemployed workers meet their financial obligations while looking for work.

Source: usa.gov

Bump in Jobless Claims Underscores Consumer Caution Around Spending

Bump in Jobless Claims Underscores Consumer Caution Around Spending
Bump in Jobless Claims Underscores Consumer Caution Around Spending
September 12, 2024  |  Economy

Although jobless claims newly reported for the past week were only slightly higher, the psychological effect may be one where consumers are more cautious about...

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Could Generational Change Be The Next Wild Card For Financial Services?
Could Generational Change Be The Next Wild Card For Financial Services?
September 11, 2024  |  Opinion

Cultivating a culture of adaptability positions firms to thrive despite economic wild cards, Franklin Madison Chief Financial Officer Preston Porter writes in a new PYMNTS...

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Census Bureau: Household Income Climbed 4% in 2023
Census Bureau: Household Income Climbed 4% in 2023
September 10, 2024  |  Economy

American household incomes increased 4% last year, the first significant increase since before the pandemic, according to the Census Bureau. The data showed that real...

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Labor Market Slows, Dimming Hopes of Workers Looking to Change Jobs
Labor Market Slows, Dimming Hopes of Workers Looking to Change Jobs
September 06, 2024  |  Economy

On the face of it, the jobs report released Friday (Sep. 6) had some good news — at least for those looking for confirmation that...

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Job Openings Drop in July, Signaling Slowdown in Labor Market
Job Openings Drop in July, Signaling Slowdown in Labor Market
September 04, 2024  |  Economy

The number of job openings in the United States declined to 7.67 million in July, down from 7.91 million in June and 8.81 million a...

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Unemployment Data Suggests Gradual Cooling of Labor Market
Unemployment Data Suggests Gradual Cooling of Labor Market
August 29, 2024  |  Economy

The latest unemployment data reportedly points to a continued gradual cooling of the labor market. During the week ended Saturday (Aug. 24), the number of...

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Mixed Signals: Consumer Confidence Rises Slightly as Economic Uncertainties Linger
Mixed Signals: Consumer Confidence Rises Slightly as Economic Uncertainties Linger
August 27, 2024  |  Consumer Insights

Is the American consumer cautiously confident? Confidently cautious? Somewhere in the middle? The Conference Board released its Consumer Confidence Index Tuesday (Aug. 27), which showed...

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Initial Unemployment Claims Rise, Boosting Expectations of Rate Cut
Initial Unemployment Claims Rise, Boosting Expectations of Rate Cut
August 22, 2024  |  Economy

The number of initial claims for unemployment insurance increased by 4,000 during the week ended Saturday (Aug. 17), suggesting a cooling of the labor market...

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