Blog
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Jobless Claims Hit Level Last Seen in 1969
US applications for jobless benefits tumbled to the lowest level in more than five decades last week as layoffs remain historically low despite global economic uncertainty. The number of Americans applying for unemployment benefits in the week ending July 18 declined by 22,000 to 187,000, the Labor Department... Go to Source Author:
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Jobs Numbers Come In Weaker Than Expected
US employers pulled back on hiring last month and added only 57,000 jobs, less than half the previous month's total and a sign that companies still have a cautious economic outlook. Analysts polled by the Wall Street Journal expected 115,000 new jobs in June. The new figure (out... Go to Source Author:
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Op-Ed: California Has Gone Full ‘Dude’
California isn't just laid-back anymore; columnist Joe Mathews argues it's gone full "Dude." In a new piece for Zócalo Public Square , Mathews revives a concept he floated 12 years ago—"Lebowskization"—to describe how residents are increasingly resembling Jeff Bridges' iconic slacker from The Big Lebowski . He backs the joke... Go to Source Author: Arden Dier with Newser.AI
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Fed Holds Key Rate Steady After Warsh’s First Meeting
Federal Reserve Chairman Kevin Warsh has chaired his first meeting on interest rates, and nothing has moved despite the change at the top. The central bank has kept its key interest rate parked in the 3.5% to 3.75% range, where it has sat all year. The decision was... Go to Source Author: Rob Quinn with Newser.AI
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Remote Work Is Hurting Young Workers’ Chances
The rise of remote work since the pandemic has made businesses more reluctant to hire young, inexperienced workers and is the key driver of higher unemployment rates for recent college graduates, a study released Monday found. The study, by the Federal Reserve Bank of New York, compared occupations that can... Go to Source Author:
