Midland’s unemployment rate drops to 2.2%

The pace of growth in Midland’s labor market increased in November with the unemployment rate falling to 2.2%. A worker connects a drill bit on a rig outside Midland.Brittany Sowacke/BloombergMidland’s labor market heated up in November, recording sharp growth in job count, labor force and number of employed.The Texas Workforce Commission said Friday unemployment in…

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U.S. unemployment claims rise slightly, remain at low levels despite higher interest rates

The number of Americans applying for unemployment benefits rose slightly last week but still remained at historically low levels despite high interest rates. WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose slightly last week but still remained at historically low levels despite high interest rates intended to slow hiring and cool…

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U.S. Bank has been fined nearly $36 million for freezing some customers’ access to unemployment benefits during the pandemic

The CFPB said U.S. Bank froze tens of thousands of ReliaCard accounts and didn’t make it easy for customers to regain access. The CFPB said U.S. Bank froze tens of thousands of ReliaCard accounts and didn’t make it easy for customers to regain access. See the entire article on Arizona’s unemployment, or, read more Arizona real estate…

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Latin America unemployment near decade low in 2023, may reverse next year, UN labor agency says

Unemployment in Latin America and the Caribbean fell in 2023 to its lowest level since 2014, the International Labor Organization (ILO) said on Tuesday, but an expected economic slowdown in 2024 could reverse recent post-pandemic gains. Unemployment in Latin America and the Caribbean fell in 2023 to its lowest level since 2014, the International Labor…

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U.S. Bank fined $36 million for freezing unemployment debit cards during COVID-19 pandemic

The nation’s fifth-largest bank made it extremely difficult for benefit recipients to regain access to frozen accounts, the CFPB found. The nation’s fifth-largest bank made it extremely difficult for benefit recipients to regain access to frozen accounts, the CFPB found. See the entire article on Arizona’s unemployment, or, read more Arizona real estate investing news….

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Fed rate cuts will be even more aggressive than expected in 2024 as unemployment surges past 5%, economist says

The Fed will slash interest rates “much more” than expected as the economy will weaken faster in 2024, Pantheon Macro said. The Fed will slash interest rates “much more” than expected as the economy will weaken faster in 2024, Pantheon Macro said. See the entire article on Arizona’s unemployment, or, read more Arizona real estate…

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