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

Jobless Claims Rise Amid Typical Seasonal Volatility
Jobless Claims Rise Amid Typical Seasonal Volatility
December 05, 2024  |  Economy

Jobless claims reportedly rose last week, though media reports suggested that the rise was due to the volatility in data that is typically seen around holidays....

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Fewer Americans File for Unemployment, but More Remain Unemployed
Fewer Americans File for Unemployment, but More Remain Unemployed
November 21, 2024  |  Economy

Fewer Americans are filing for unemployment benefits, but more are remaining unemployed after filing, the Department of Labor (DOL) said Thursday (Nov. 21). The number...

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Beneath Data Distortions, Jobs Market Shows Signs of Normalizing
Beneath Data Distortions, Jobs Market Shows Signs of Normalizing
November 01, 2024  |  Economy

The U.S. economy added the equivalent of a large company in October, according to data released Friday (Nov. 1) from the Bureau of Labor Statistics....

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Job Openings Drop to Lowest Level Since Early 2021
Job Openings Drop to Lowest Level Since Early 2021
October 29, 2024  |  Economy

The number of job openings in the United States declined to 7.4 million in September, down from 7.9 million in August and 9.3 million in...

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Insured Unemployment Reaches Highest Level in 3 Years
Insured Unemployment Reaches Highest Level in 3 Years
October 24, 2024  |  Economy

The number of initial claims for unemployment insurance dropped, but insured unemployment reached its highest level in about three years, the Department of Labor said...

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Food Services and Healthcare Job Gains Ease Employment Concerns for Low-Income Consumers
Food Services and Healthcare Job Gains Ease Employment Concerns for Low-Income Consumers
October 04, 2024  |  Economy

The United States economy added 254,000 jobs in September, exceeding economists’ expectations and potentially mitigating some recent concerns about job prospects among the paycheck-to-paycheck consumer...

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US Private Sector Hiring Rebounds After 5-Month Slowdown
US Private Sector Hiring Rebounds After 5-Month Slowdown
October 02, 2024  |  Economy

America’s private sector added 143,000 jobs in September, rebounding following a five-month slowdown. There was also wage growth, with annual pay rising 4.7% year over...

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Three Banks to Lower Prime Lending Rate to 8% After Fed’s Rate Cut
Three Banks to Lower Prime Lending Rate to 8% After Fed’s Rate Cut
September 18, 2024  |  Banking

Three banks will lower their prime lending rate after the Federal Reserve decided to reduce the federal funds rate. BMO, Truist Financial and MT&T Bank...

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Bump in Jobless Claims Underscores Consumer Caution Around Spending
Bump in Jobless Claims Underscores Consumer Caution Around Spending
September 12, 2024  |  Economy

Although jobless claims newly reported for the past week were only slightly higher, the psychological effect may be one where consumers are more cautious about...

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