Unemployment claims rise to 240,000, highest since August

The number of Americans applying for unemployment benefits rose to the highest level since August, although it remains low by historic standards. Some 240,000 people applied for jobless aid last week, up by 17,000 from the week before, the Labor Department reported Wednesday. The four-week moving average of claims, which smooths out week-to-week volatility, rose … Read more

Jobless claims rise to 240,000, highest level since August

Jobless claims rise to 240,000, highest level since August – CBS News Watch CBS News The number of first-time unemployment claims filed last week rose to the highest level since August, with 240,000 new applicants, according to numbers from the U.S. Labor Department. Javier David, managing editor of business and markets for Axios, discusses what … Read more

What does October’s strong jobs report say about the U.S. economy?

What does October’s strong jobs report say about the U.S. economy? – CBS News Watch CBS News As the unemployment rate rose slightly to 3.7% last month, hiring across the nation continued to remained robust. Jacob Sonenshine, a markets reporter at Barron’s, joined Weijia Jiang on CBS News to discuss what the recent jobs report … Read more

Stocks rally after report shows employers added 261,000 jobs in October

Stocks rally after report shows employers added 261,000 jobs in October – CBS News Watch CBS News Employers added 261,000 jobs in October while the unemployment rate ticked up to 3.7%, the Labor Department reported Friday. Gregory Daco, chief economist at EY-Parthenon, joined CBS News to discuss the labor market in a “resilient” economy. Be … Read more

The unemployment rate for Black men fell in October, but so did labor force participation

A Now Hiring sign at a Dunkin’ restaurant on September 21, 2021 in Hallandale, Florida. Joe Raedle | Getty Images The unemployment rate for Black men ticked down in October while it rose for most other groups, but that may be because workers are dropping out of the labor force. The October nonfarm payrolls print … Read more

Unemployment claims drop as Fed hikes interest rates

Unemployment claims drop as Fed hikes interest rates – CBS News Watch CBS News The Labor Department reported a drop in jobless claims for the week ending Oct. 29. This comes as the Federal Reserve hiked interest rates this week in an effort to tame rising inflation. Nick Bunker, economic research director for the Indeed … Read more

Where Britain went wrong – POLITICO

Press play to listen to this article LIVERPOOL, England — On the long picket line outside the gates of Liverpool’s Peel Port, rain-soaked dock workers warm themselves with cups of tea as they listen to 1980s pop. Dozens of buses, cars and trucks honk in solidarity as they pass. Dockers’ strikes are not new to … Read more

Kenya stares at huge joblessness crisis

Economy Kenya stares at huge joblessness crisis Thursday October 27 2022 Kenya’s total workforce will increase 40.6 percent to 40.4 million by 2035, signalling a worsening youth unemployment in a setting where firms have put a freeze in hiring. Data from the Kenya National Bureau of Statistics (KNBS) indicate the country will add 11.7 million … Read more

‘From Bambi to Godzilla.’ Strategist David Rosenberg skewers the Federal Reserve as he sees a 30% hit to home prices and the S&P 500 returning to an early 2020 low

The last time David Rosenberg shared his outlook for the U.S. stock market and the economy with MarketWatch, in late May, it was depressing enough. Rosenberg is the widely followed president and chief economist and strategist of Toronto-based Rosenberg Research & Associates Inc. His sobering outlook last May echoed his thinking from March 2022, when he … Read more

Latino jobless rate falls sharply, but fewer workers join labor force

A “Now Hiring” sign is displayed during a job fair for Hispanic professionals in Miami, Florida. Marco Bello | Bloomberg | Getty Images The unemployment rate among Hispanic workers dropped sharply in September, but that could be due to fewer eligible adults looking for a job. Hispanic workers saw their unemployment rate fall to 3.8% … Read more