Blog
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Unemployment Now at Highest Level Since 2021
The United States gained a decent 64,000 jobs in November, but it lost 105,000 in October as federal workers departed after cutbacks by the Trump administration, the government said in delayed reports. The unemployment rate rose to 4.6%, the highest level since 2021, per the AP . Both... Go to Source Author:
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Delayed Jobs Report Beats Expectations
The new jobs report is out, and it shows that hiring was significantly stronger than expected in September. The report—delayed for weeks because of the government shutdown—is the last key piece of labor data the Federal Reserve will have ahead of its next meeting in December. Takeaways: Main... Go to Source Author: John Johnson
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We’re Finally Getting September’s Jobs Report
The Labor Department will release its numbers on September hiring and unemployment next Thursday, a month and a half late, marking the beginning of the end of a data drought caused by the 43-day federal government shutdown. The statistical blackout meant that the Federal Reserve, businesses, policymakers, and investors have... Go to Source Author:
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College Students ‘Cover Their Bases’ With 2 Majors
As uncertainty about the job market grows, more US college students are hedging their bets by double-majoring. Nearly 1 in 3 students at the University of Wisconsin-Madison, for example, now pursue two majors, a trend that has surged 25% over the past decade, according to the National Center for Education... Go to Source Author: Jenn Gidman with Newser.AI
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Consumer Sentiment Sinks Faster Than Expected
US consumer sentiment has fallen to one of its lowest points on record, reports the Wall Street Journal . The University of Michigan's latest index slipped to 50.3 in November from 53.6 the previous month, a much sharper drop than expected. Analysts polled by the newspaper anticipated a drop... Go to Source Author: John Johnson with Newser.AI
