Unemployment news and trends

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

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 of initial claims for unemployment insurance declined by 6,000 during the week ended Saturday (Nov. 16), the DOL said in...

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

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. More than 12,000 positions were added last month, which missed estimates of 100,000 roles. Stocks roared out of the gate,...

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

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 September 2023. The Bureau of Labor Statistics (BLS) released these figures Tuesday (Oct. 29) in a press release and table...

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

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 in a Thursday (Oct. 24) press release. There were 227,000 initial claims for unemployment insurance during the week ended Saturday...

Interviews & Exclusives
Could Generational Change Be The Next Wild Card For Financial Services?

September 11, 2024
Cultivating a culture of adaptability positions firms to thrive despite economic wild cards, Franklin Madison Chief Financial Officer Preston Porter writes in a new PYMNTS eBook, “Beyond the Horizon: How to Identify Unexpected Threats That Could Impact Your Business.”   Has unpredictability become the new normal? Stock market fluctuations, shifting consumer behavior and rising unemployment […]

All Else Equal, 75% of Millennials Would Favor Jobs Offering Instant Payroll

July 13, 2023
Payroll is one of the most critical functions of any workplace, ensuring that employees are paid on time and in the correct amounts. Delaying these paychecks can have massive detrimental...

Study Shows Digital Engagement of US Consumers Linked to Employment Status

October 03, 2022
A strong labor market is a hallmark of a healthy economy. Consumers who are gainfully employed have more freedom to spend and spree, driving commerce and boosting gross domestic product...

Mastercard: Global Economic Outlook Depends On Multi-Speed Recovery

December 14, 2020
In some ways, there was only one global story that mattered this year. The pandemic was the common element in every economic look back or for that matter, any look...

Quick Reads
Jobless Claims Rise Amid Typical Seasonal Volatility

December 05, 2024
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. The number of initial claims for unemployment insurance rose by 9,000 during the week ended Saturday (Nov. 30), which included Thanksgiving. The total of 224,000 initial claims filed during the […]

Fewer Americans File for Unemployment, but More Remain Unemployed

November 21, 2024
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 of initial claims for unemployment...

Job Openings Drop to Lowest Level Since Early 2021

October 29, 2024
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 September 2023. The Bureau of...

Insured Unemployment Reaches Highest Level in 3 Years

October 24, 2024
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 in a Thursday (Oct. 24)...