Tag: unemployment

BUSINESS

U.S. Employment Rate Holds Strong

The U.S. economy added 428,000 jobs and the jobless rate held even at 3.6 percent, according to data released Friday by the Labor Department. The April jobs report showed job growth holding strong in April as the unemployment rate remained just 0.1 percentage points above its level in February 2020. Economists expected the U.S. to have added roughly 300,000 jobs, […]

BUSINESS

U.S. Job Growth Is A Whopper

U.S. job growth returned vigorously, beating past expectations in January as the economy came roaring back despite the ongoing COVID-19 crisis. According to the Labor Department’s monthly report released on Friday, January payrolls rose by 467,000, beating most economists’ forecasts. The unemployment rate, which is calculated based on a separate survey, ticked up slightly to 4% (the increase is largely […]

BUSINESS

U.S. Unemployment Rate Declined To 4.2 Percent

U.S. employers hired only 210,000 more workers in November, missing economists’ predictions for stronger growth. Forecasters had been expecting U.S. non-farm payrolls to increase by 550,000. The U.S. Bureau of Labor Statistics said there had been a decline in employment in the retail sector. But on the upside, it said there had been a rise in hiring across areas such […]

NEWS

U.S. Unemployed Benefit Claims Fall

The number of Americans filing new claims for unemployment benefits fell close to pre-pandemic levels according to the U.S. latest labor report. The labor market recovery continues though a shortage of workers remains an obstacle to faster job growth. The weekly unemployment claims report from the U.S. Labor Department also showed jobless benefits rolls declining to a 20-month low in […]

NEWS

U.S. Job Report Disappointing

The U.S. added a disappointing 194,000 jobs last month, as the Delta variant of coronavirus continued to put a drag on the economy. The unemployment rate fell from 5.2% in August to 4.8%. The U.S. Bureau of Labor Statistics said there were notable job gains in hospitality, retail, and transportation while employment in education declined.  Yet with 7.7 million out […]

NEWS

Female Labor Market Participation In Latin America Shows Decline

According to a report published by the Economic Commission for Latin America and the Caribbean (ECLAC) titled “Women’s economic autonomy in sustainable and equal recovery,” the COVID-19 pandemic has caused a setback of more than a decade in women’s labor participation levels in Latin America, where the female participation rate fell by 6% in 2020.  Consequently, there is now a […]

BUSINESS

U.S. Unemployment Claims Drop

The number of Americans filing new claims for unemployment has fallen below one million for the first time since March. The unemployment claims dropped from nearly 1.2 million a week ago to about 963,000. The Labor Department said the figures have been subsiding since peaking at 6.9 million in late March, but they remain extremely high, driving the debate in […]

BUSINESS

U.S. Unemployment Still A Spot Of Bother

The COVID-19 pandemic continues to play havoc with the U.S. economy as unemployment numbers remain high. Although the rate fell from a high of 14.7% in April to 10.2% in July, it remains a concern. The high unemployment figures call for government intervention to boost economic activities. The Republicans and the Democrats continue to be at loggerhead on the role […]

NEWS

Extra $600 Unemployment Benefits Will Run Out Soon

For the tens of millions of Americans receiving unemployment benefits, the extra $600 boost will soon be no more. The $600 weekly payments from the Federal Pandemic Unemployment Compensation program were initially set up as part of the $2.2 trillion CARES Act Congress passed in late March, given the COVID-19 pandemic. Americans eligible for unemployment insurance receive an extra $600  […]

NEWS

Registration For Unemployment Benefits Surge In U.S.

As the COVID-19 pandemic puts the U.S. in lockdown mode, another 4.4 million Americans have registered for unemployment benefits over the past week. The new applications bring the total number of jobless claims since mid-March to 26.4 million. That amounts to more than 15% of the U.S. workforce. However, the most recent data marked the third week that the number […]