The Latest Breaking News from Unemployment

227,000 people filed new claims last week.

Latest report shows decrease in unemployment claims, indicating a positive trend in the job market amidst a healthy but cooling labor market.

Rep. Steven Horsford is likely to fill the open seat on the House Ways and Means Committee, following the death of Rep. Bill Pascrell Jr.

Drop to lowest level since 2021 may lead to cut in September though unemployment figures give cause for concern

September S&P 500 E-Mini futures (ESU24) are trending up +0.45% this morning as the prospect of lower interest rates and a slew of upbeat earnings reports boosted sentiment, while investors geared up for the release of the Fed’s first-line inflation gauge.

Latest Labor Department report shows slight decrease in jobless claims, hinting at a healthy U.S. labor market despite rising interest rates.

In August 2023, the U.S. Federal Reserve decided to keep interest rates steady at a 23-year high of 5.33%. With inflation slowing down and the unemployment rate slightly rising, many believe that the Fed will cut interest rates in its upcoming meeting on September 17-18.

Are we headed for a recession? The answer is complex – although for young people it already feels like one

South Africa’s youth unemployment rate, at 45.5% (among those aged between 15 and 34), is worryingly high, even in the context of widespread unemployment across the African continent. More than 72 million young people in Africa, most of them women, are neither employed nor pursuing tertiary education.