The Latest Breaking News from Unemployment

In his State of the Union address, US President Joe Biden underlined slowing inflation and low unemployment as signs that the country's economy is resilient and ready to compete with China in key sectors. Looking forward, he aims to reduce the deficit and raise the debt ceiling by increasing taxes…

New applications for U.S. unemployment insurance benefits fell 3,000 for the week ending January 28 to a seasonally adjusted 183,000. The previous week’s figure was unrevised at 186,000. The four-week moving average as of January 28 fell to 191,750 from an unrevised 197,500 as of the week ending January 21.

The daily headlines from South Africa are largely gloomy. The country’s government seems unable to address a years-long electricity crisis that is steadily worsening. Unemployment is high. Food prices are climbing.

Unemployment among Black Americans fell to 3.4% in January, while labor force participation hit pre-pandemic levels

With a total of 517,000 new jobs created last month and total employment estimates revised up, the country now has the lowest unemployment rate in more than half a century.

Non-farm payrolls jumped 517,000 last month, and the unemployment rate fell to a 53-year low.

Does the Federal Reserve have it wrong

The U.S. labor market burned red-hot in January as hiring unexpectedly surged and unemployment fell to a 53-year low, defying recession forecasts and adding pressure on the Federal Reserve to keep raising interest rates.

January’s gains were broad-based across industries. A category that includes restaurants and bars added 99,000 jobs. Professional and business services jobs, including bookkeepers and consultants, rose by 82,000.