Applications for jobless benefits in the U.S. retreat after three weeks of elevated claims
U.S. employers added a surprising 339,000 jobs last month, well above expectations, painting a mostly encouraging picture of the job market.
Unemployment
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Number of Americans filing for jobless claims elevated for second straight week
The four-week moving average of claims, which flattens some of the week-to-week fluctuations, rose to its highest level since November 2021.
U.S. applications for jobless benefits highest since October 2021
Despite last week’s sharp increase in filings for unemployment aid, some analysts cautioned against concluding that layoffs are picking up across the economy.
Indiana’s unemployment rate shows monthly decline
The state’s labor force participation rate increased slightly, to 63.6%, in April and remains above the national rate.
Fewer Americans apply for jobless benefits as labor market still showing strength
Since the pandemic purge of millions of jobs three years ago, the U.S. economy has added jobs at a breakneck pace and Americans have enjoyed unusual job security.
Economy shows signs of cooling, with easing inflation, higher jobless claims
Applications for unemployment benefits climbed to a more than one-year high and wholesale inflation continued to moderate, adding to signs of softening in the economy.
U.S. adds a solid 253,000 jobs despite Fed’s rate hikes
April’s hiring gain compares with 165,000 in March and 248,000 in February and is still at a level considered vigorous by historical standards.
U.S. job openings dip to 9.6 million, lowest since 2021
The Labor Department’s Job Openings and Labor Turnover Summary, out Tuesday, showed that layoffs rose to 1.8 million, the highest level since December 2020.
Black unemployment rate hits record low 5%
Black employment has benefited from the same forces that have helped all workers—a surge in labor market demand coming out of the pandemic fueled by federal stimulus, which has led to one of the fastest job recoveries on record.
U.S. adds 236,000 jobs; unemployment rate sinks to 3.5%
America’s employers added a solid 236,000 jobs in March, suggesting that the economy remains on solid footing despite the nine interest rate hikes the Federal Reserve has imposed over the past year in its drive to tame inflation.
U.S. jobless aid claims show weekly decline as layoffs remain low
The labor market continues to thrive despite the Federal Reserve’s efforts to cool the economy and tamp down inflation.
Indiana’s unemployment rate unchanged in January
Indiana saw gains in the construction; leisure and hospitality; private educational and health services; trade, transportation and utilities; and professional and business service sectors.
U.S. adds robust 311,000 jobs despite Fed’s rate hikes
Nearly all of last month’s hiring occurred in services industries—from restaurants and hotels to retailers and health care companies.
Millions more U.S. workers possibly self-employed than thought
The survey adds to evidence that informal work has been increasingly prevalent in the U.S. economy, a trend further exacerbated by the pandemic, social media and remote work.
Facebook parent to cut thousands of jobs, after CEO predicted no more layoffs
The job eliminations arrive after CEO Mark Zuckerberg sought to reassure workers that he didn’t “anticipate more layoffs” after the company slashed 11,000 jobs—roughly 13 percent of its workforce—in November.
Fed’s Powell: Strong hiring could force further rate hikes
Jerome Powell’s remarks followed the government’s blockbuster report last week that employers added 517,000 jobs in January, nearly double December’s gain. The unemployment rate fell to its lowest level in 53 years, 3.4%.
U.S. filings for jobless aid lowest since April
The job market has withstood aggressive rate hikes by the Federal Reserve as the Fed attempts to cool the economy and bring down inflation.
U.S. filings for unemployment benefits hit four-month low
Employers are holding on to their workers despite the Federal Reserve’s efforts to slow the economy and tamp down inflation.
Weekly U.S. jobless claims climb modestly
About 1.67 million people were receiving jobless aid the week that ended Nov. 26, up 62,000 from the week before. That’s the most in 10 months, but still historically low.
U.S. added 263,000 jobs in November, a strong showing amid tech slowdown
The U.S. labor market showed little sign of slowing last month, maintaining a surprisingly robust pace despite a slowdown in the tech industry.