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As Unemployment Shrinks in Europe, Big Disparities Linger
The eurozone’s unemployment rate fell to its lowest rate in more than a decade, a sign that the economic slowdown is unlikely to turn quickly into a recession, but rates in Southern Europe remain high......»»
Bond Yields Surge To 6-Month Highs As Likelihood Of No-Landing Scenario Increases: UBS Warns Of Potential Fed Rate Hikes To 6.5%
U.S. Treasury yields at highest since mid-November 2023 due to economic resilience, fiscal spending, and inflation pressures, impacting government debt costs and bond ETFs. read more.....»»
Jim Cramer Weighs In On Fed"s Interest Rate Cut Plans: "Don"t Hold Your Breath. This Economy Doesn"t Need Them"
Cramer referred to the current state of the country as an "economic miracle," encouraging investors to consider the potential landscape if the Federal Reserve were focused on job creation rather than maintaining high rates to curb growth. read more.....»»
Unemployment taxes are becoming burdensome, but Colorado government could help if it wants
Businesses face higher scheduled rates based on higher wage bases, as well as potential solvency surcharges in 2023. Legislators could use federal stimulus funds to reduce that burden......»»
Economic Report: U.S. gains 916,000 new jobs in March and signals strengthening economy
Restaurants and other businesses hired the most workers in March in seven months as the U.S. added 916,000 new jobs, signaling the economy is primed for a period of rapid expansion again. The official unemployment rate slipped to 6% from 6.2%......»»
Florida jobless rate falls to 4.8%
Despite the leisure and hospitality industry still struggling during the coronavirus pandemic, Florida’s unemployment rate continues to improve as vaccinations increase and people return to the workforce. The state Department of Economic Opp.....»»
Economic Report: U.S. gains just 49,000 jobs in January with labor market still under acute stress
The U.S. regained a meager 49,000 jobs in January and the unemployment rate fell again to 6.3%, but the economy is still struggling to recover after a record coronavirus surge induced more layoffs at the end of last year......»»
Economic Report: U.S. gains just 49,000 jobs in January. Labor market still under acute stress
The U.S. regained a meager 49,000 jobs in January and the unemployment rate fell again to 6.3%, but the economy is still struggling to recover after a record coronavirus surge induced more layoffs at the end of last year......»»
London Markets: U.K. unemployment hit its highest level since 2016, but London markets march higher
The U.K. jobless rate hit its highest level in nearly five years and redundancies notched all-time highs, new economic data showed on Tuesday......»»
Fed faces tricky act balancing impact of vaccines against economic pain
Fed officials at the median saw the economy growing 4% next year and the unemployment rate falling to 5.5%. Analysts expect both figures to be upgraded.....»»
More than a quarter of workers faced job losses or underemployment in April
The unemployment rate captured only part of America’s economic pain......»»
Coronavirus update: U.S. economy sheds record-setting 20.5 million jobs and New York child dies of condition linked to virus
The U.S. Labor Department said the pandemic cost 20.5 million jobs in April, pushing the unemployment rate to a post–World War II high and deepening the economic crisis, while in New York, a child died of a rare condition linked to the virus......»»
Economic Report: Great Depression 2020? The unofficial U.S. jobless rate is at least 20%—or worse
The U.S. unemployment rate exploded to 14.7% in April after more than 20 million jobs were lost to the coronavirus, but that is just the official number. The real jobless rate was at least 20%......»»
Economic Report: Coronavirus costs the U.S. 20.5 million jobs in April as unemployment soars to 14.7%
The coronavirus pandemic destroyed 20.5 million jobs in April, driving the unemployment rate to a post Word War Two high of 14.7% as the United States faced its biggest economic crisis in almost a century......»»
April 2020 Job Loss Is The Worst In US History; Unemployment Rate Hits 14.7%
In just two months, the coronavirus outbreak undid all the economic progress made since the 2008 financial crisis — including the lowest unemployment rate in 50 years. read more.....»»
Economic Report: Jobless claims jump 3.2 million in early May, but historic rate of layoffs is slowing
Almost 3.2 million people applied for unemployment benefits last week after the coronavirus cost them their jobs, but the historic wave of layoffs tied to the pandemic is receding......»»
White House adviser expects U.S. unemployment rate for April to be "north of 16%"
White House economic adviser Kevin Hassett on Tuesday said he expects the U.S. unemployment rate was above 16% in April, as the coronavirus pandemic began to devastate the country's economy......»»
Economic Preview: Millions of lost jobs may push unemployment rate to highest since Great Depression
Unemployment in the U.S. this year might not match the 25% peak during the Great Depression of the 1930s, but it could come pretty close......»»
TradeUP Provides Resources To Help Investors Navigate Market Volatility
The pandemic-driven economic slowdown has caused unemployment rates to rise in the US, with jobless.....»»
Five Things for Wednesday, including economic contraction and a potential Covid cure
Good morning. Here are the latest Five Things for Wednesday. The economy contracted by 4.8 percent in the first quarter of 2020, shrinking by rate not seen since 2008. And the bad news is that only captures part of the downturn kicked off by the.....»»