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

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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Boston Fed Study Ties Kids to Consumption During Economic Downturns
Boston Fed Study Ties Kids to Consumption During Economic Downturns
December 06, 2022  |  Economy

Despite the holiday cheer, American consumers are growing increasingly anxious about the economy. It’s gotten to the point where even those consumers whose wages and...

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US Adds 261K Jobs in October, Lower Than the Year’s Monthly Average
US Adds 261K Jobs in October, Lower Than the Year’s Monthly Average
November 04, 2022  |  Retail

The U.S. economy added 261,000 non-farm jobs in October, below the average monthly job growth of 407,000 that has been recorded so far this year,...

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