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

Jobless Claims Climb by 7K Following Previous Week’s Drop

Jobless Claims Climb by 7K Following Previous Week’s Drop
Jobless Claims Climb by 7K Following Previous Week’s Drop
March 30, 2023  |  Economy

U.S. unemployment claims increased last week amid what remains a strong labor market. Initial jobless claims rose by 7,000 to a seasonally adjusted 198,000 for...

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Number of Initial Jobless Claims Drops by 1,000
Number of Initial Jobless Claims Drops by 1,000
March 23, 2023  |  Economy

A thousand fewer Americans applied for unemployment last week than did so the previous week. The advance figure for initial claims was 191,000 for the...

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Report: US Job Cuts Reach 14-Year High
Report: US Job Cuts Reach 14-Year High
March 09, 2023  |  Economy

Job cuts by U.S. businesses spiked in February, hitting their highest level since 2009. Employers based in the U.S. announced 77,000 cuts in February, down...

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UK Unemployment Rate Remains Low as ‘Uncertainty’ Grows
UK Unemployment Rate Remains Low as ‘Uncertainty’ Grows
February 14, 2023  |  Economy

Even in the face of a recession, the U.K.’s labor market remains extremely tight. Figures released Tuesday (Feb. 14) by the country’s Office of National...

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US Adds 517K Jobs in January, Far Outpacing 2022’s Average
US Adds 517K Jobs in January, Far Outpacing 2022’s Average
February 03, 2023  |  Economy

The U.S. added 517,000 jobs in January — far above 2022’s average monthly gain of 401,000. The additions were widely spread across several sectors, the...

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Report: January Job Cuts Were Highest Since 2020
Report: January Job Cuts Were Highest Since 2020
February 02, 2023  |  Personnel

The wave of layoffs announced by employers last month was the highest since 2020. U.S. based companies cut 102,943 jobs in January, a 136% increase...

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When Did the Job Market Get So Weird?
When Did the Job Market Get So Weird?
January 07, 2023  |  Economy

Depending on who you ask, the latest jobs report was either good, bad, historic, disastrous or something in between. One thing most market watchers agree...

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1.1M Reasons Why Fed’s Revised Jobs Report Demands Healthy Data Skepticism
1.1M Reasons Why Fed’s Revised Jobs Report Demands Healthy Data Skepticism
December 22, 2022  |  Economy

Revised jobs report data shows the difficulties of planning for the future based on government numbers. Government data is critical in helping companies and individuals...

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