The Labor Department is due to release new rules governing the classification of gig economy workers. The platforms that rely on these workers say not much will change. The legal and regulatory outcomes remain uncertain, as the platforms are growing and the demand for side...
New data from the U.S. Labor Department shows job openings at their lowest level in more than two years. The department’s Job Openings and Labor Turnover Survey (JOLTS), released Tuesday (Dec. 5), showed 1.34 vacancies for every unemployed person in October, the lowest level since August 2021...
Initial U.S. unemployment claims last week saw the largest drop since June. That’s according to figures released Wednesday (Nov. 22) by the Labor Department, showing initial claims for the week ending Nov. 18 falling 24,000 to 209,000. Meanwhile, continuing claims, typically seen as a signifier for the number...
The “durable” job market economists had been touting all year now seems a bit softer. New employment figures from the U.S. Labor Department released Thursday (Nov. 16) showed continuing applications for unemployment benefits rose to their highest level in nearly two years. Recurring jobless claims reached 1.87...
November 14, 2023
Inflation, overall, is scaling back from a formerly torrid pace as prices at the pump recede. But the fact remains that everyday essentials — namely food and clothing — are more expensive as of October. The latest reading of the Consumer Price Index shows that the headline rate of inflation was unchanged in October, month […]
May 23, 2024
Initial unemployment claims continued their decline last week, the largest consecutive drop since September. New claims fell by 8,000 to 215,000 for the week ending May 18, the Labor Department announced Thursday (May 22). This followed another decline the previous week, thus making it the largest back-to-back drop in eight months. The new figures surpassed the numbers forecast by Reuters and […]
December 05, 2023
New data from the U.S. Labor Department shows job openings at their lowest level in more than two years. The department’s Job Openings and Labor Turnover Survey (JOLTS), released Tuesday (Dec. 5),...
November 22, 2023
Initial U.S. unemployment claims last week saw the largest drop since June. That’s according to figures released Wednesday (Nov. 22) by the Labor Department, showing initial claims for the week ending Nov. 18...
November 16, 2023
The “durable” job market economists had been touting all year now seems a bit softer. New employment figures from the U.S. Labor Department released Thursday (Nov. 16) showed continuing applications for unemployment...
