Economists predicted last year that the Federal Reserve jacking up interest rates to combat inflation would result in higher unemployment rates but that hasn’t happened. The central bank may be on … Last year’s spike in inflation, to the highest level in four decades, was painful enough for American households. Yet the cure – much higher…
As interest rates have surged, inflation has tumbled to 3.7%. Yet the unemployment rate, at a still-low 3.8%, has scarcely budged since March 2022. WASHINGTON (AP) — Last year’s spike in inflation, to the highest level in four decades, was painful enough for American households. Yet the cure — much higher interest rates, to cool spending…
US inflation is now much slower than last summer’s red-hot pace, but it’s not guaranteed it will drift all the way down to the Federal Reserve’s 2% target without a sharp rise in unemployment. That … US inflation is now much slower than last summer’s red-hot pace, but it’s not guaranteed it will drift all…
Why it matters: The answers could determine how long the UAW and other laid-off workers can endure a protracted strike, which looks increasingly likely. The UAW can stretch its $825 million strike fund further if some members who lose work due to the strike are eligible for unemployment benefits. Why it matters: The answers could…
Bureau of Labor Statistics figures show that Hispanic or Latino unemployment was 9.3% in December 2020, President Donald Trump’s last full month in office. That rate fell from 8.5% in January 2021, the month Joe Biden was sworn in, to 4.9% in August 2023. In honor of National Hispanic Heritage Month, President Joe Biden’s reelection…
WOOD RIVER — The unemployment rate for the Metro East topped 5 percent in August, the first time that has happened for in several years, according to Tony Fuhrmann, director of Madison County Employment and Training. According to the latest figures from … WOOD RIVER — The unemployment rate for the Metro East topped 5…
Governor could leap past politics and sign unemployment bill just to keep striking workers in an uneven game. At a glance, the California Legislature’s passage of a bill extending unemployment benefits to striking workers appears to throw Gov. Gavin Newsom onto the horns of a dilemma. At a glance, the California Legislature’s passage of a…
U.S. applications for unemployment benefits fell to their lowest level in eight months last week as the labor market continues to show strength in the face of elevated interest rates. Here are the details. U.S. applications for unemployment benefits fell to their lowest level in eight months last week as the labor market continues to…
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, but could rebound in the weeks ahead as a partial strike by the United Auto Workers (UAW) union forces … The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, but could rebound in the weeks ahead…
If the unemployment rate rises slightly this month, it could mean a recession in October, according to a mathematical model that correctly signaled the 2020 recession. But economists are split about … Experts are split over recession forecasts. (iStock) If the unemployment rate slightly rises to 4.0% or higher this month, it could signal a…