“With millions of Americans missing from the workforce, the unemployment rate is being artificially depressed.” … The BDN Opinion section operates independently and does not set news policies or contribute to reporting or editing articles elsewhere in the newspaper or on bangordailynews.com. E.J. Antoni is a public finance economist at The Heritage Foundation and a senior…
The job market isn’t nearly as strong as officals say. The absence of millions from the workforce artificially lowers unemployment. The labor market is nowhere near as strong as it appears. If that sounds surprising, it’s because the absence of millions of Americans from the workforce artificially lowers the unemployment rate. Accounting for the missing workers reveals…
Rather than pulling back on spending due to China’s gloomy economic backdrop, Gen Z consumers are instead re-evaluating their priorities. Youth unemployment is at a record high and growth is faltering — but China’s gloomy economic backdrop hasn’t stopped Gen Z from shelling out for travel and leisure. Since the start of the year, consumers…
A bill that would allow striking workers to collect unemployment benefits is moving ahead. On Thursday, the Assembly Appropriations Committee sent Senate Bill 799 to the Assembly floor. The bill, … A bill that would allow striking workers to collect unemployment benefits is moving ahead.On Thursday, the Assembly Appropriations Committee sent Senate Bill 799 to…
Inflation should continue to fall, down to 3% in a year’s time. The UK will stay in a respectable middle lane of growth in the major G7 economies. The Treasury’s main medium-term policy focus will be … So far 2023 has seen some false dawns for the UK economy. The next few weeks’ data are…
Hawaii is the second state after Arkansas to employ Login.gov and U.S. Postal Service identity proofing options in its unemployment insurance system. In the wake of August’s devastating wildfires in Maui, the Labor Department, General Services Administration and Hawaii are touting the fast-tracked addition of federally-provided identity verification options to the state’s unemployment insurance system,…
Canada added 40,000 jobs in August, more than economists had expected, as the unemployment rate remained unchanged at 5.5 per cent. Until August, the unemployment rate had increased in each of the previous three months. Canada added 40,000 jobs in August, more than economists had expected, as the unemployment rate remained unchanged at 5.5 per…
Those filing for unemployment insurance for the first time fell to its lowest seasonally-adjusted weekly total since February, but still remained stubbornly above the 200,000 mark, the Labor Department said on Thursday. Those filing for unemployment insurance for the first time fell to its lowest seasonally-adjusted weekly total since February, but still remained stubbornly above…
Phoenix, AZ … level in seven months with the labor market seemingly resistant to the higher interest rates put in to place to cool hiring. Phoenix, AZ … level in seven months with the labor market seemingly resistant to the higher interest rates put in to place to cool hiring. See the entire article on…
A looser labor market is necessary for inflation to go down and stay down. What to Read Next See the entire article on Arizona’s unemployment, or, read more Arizona real estate investing news. The choice is up to you.