unemployment

The number of Americans applying for unemployment benefits last week rose to the highest level in more than eight months in what may be a sign that the labor market is weakening.

On August 9, Kenyans head to the polls and with soaring food and fuel prices, high unemployment and post-pandemic stagnation, a change in leadership could not come at a more critical time for East Africa's largest economy.

July’s hiring was up from 398,000 in June. The unemployment rate slipped to 3.5%.

The number of Americans collecting traditional unemployment benefits increased by 8,000 the week that ended July 30 to 1.43 million, the highest since early April.

The Empire State's unemployment rate stood at 4.4% in July -- the worst among America's largest states.

Summers said his "worst fear" is the Fed "suggesting that it can have it all."

US employers hired slightly more workers than expected in August.

Summers called out a "tendency to exaggerate how much higher participation will reduce inflation."

For many years after the Great Recession, the Federal Reserve did everything in its power to lower the unemployment rate. Now, the central bank is trying to do the exact opposite.

China is beset by severe economic problems. Growth has stalled, youth unemployment is at a record high, the housing market is collapsing, and companies are struggling with recurring supply chain headaches.

The number of Americans filing new claims for unemployment benefits fell to a five-month low last week as the labor market remains resilient despite rising headwinds from the Federal Reserve’s stiff interest rate increases and slowing demand. The...

Summers said the job losses were necessary to prevent inflation from becoming "fully entrenched."

The Bureau of Labor Statistics also announced that unemployment dipped even lower to 3.5%.

The road to reemployment can take months, or even years, to crawl out of. The problem does not only lie with the lost confidence and under-utilized capabilities of the job seeker.

"If it goes up a lot, that’s really very difficult,” the Chicago Fed president said.

Hurricane Ian's devastating impact will be felt for weeks and months to come, especially in the state of Florida where much of the storm's damage was sustained. Economists say tens of thousands of people are likely to file for unemployment benefits...

China's economy is in terrible shape. Unemployment is skyrocketing, the housing market is collapsing, and growth is stalling. Constant covid lockdowns are dragging on virtually every part of the country's economy. Swathes of the population are...

Even though China's economy is beset by problems ranging from a real estate crisis to youth unemployment, Xi Jinping did not offer any grand ideas to set the country back on track during his two-hour opening speech at the Communist Party Congress on...

The number of Americans filing new claims for unemployment benefits fell unexpectedly by 12,000 last week, indicating the labor market remains tight even as demand for labor is cooling.

Fed officials have warned that the unemployment rate will likely have to rise as part of their fight against rising prices.