unemployment
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Inequality in modern-day unemployment rates has received considerable attention, including work demonstrating that Black teens, Black women, and Black men . . .
Across much of the country, the jobs market is as strong as it’s ever been, and Black women, young people, and people with disabilities are among the workers benefiting, recent U.S. Bureau of Labor Statistics data show. Twenty states reported an unemployment rate under 3% in April, while 15 states saw record lows, led by […]
In a recent article that stressed America’s impressive recovery from the Covid economic slump, I compared current conditions with those in late 1988, when George H.W. Bush won an electoral landslide in part because of the perception that the economy was in great shape. As I noted, inflation at the time was roughly what it […]
Hello and welcome to AS USA’s live blog on finance and economic news. Earlier this week, the US Department of Housing and Urban Development reported that new permits for building houses have fallen by over twenty percent compared to April 2022. As interest rates have gone up, interest in constructing new housing units has slowed. […]
This was a generally solid jobs report, with the economy adding 253,000 jobs in April. However, there were sharp downward revisions to both the February and March jobs numbers, of 78,000 and 71,000, respectively. Taken together, the April figure is just 104,000 higher than the number previously reported for March. The household survey also showed […]
US government selloff of failed banks set expectations of sweeteners in future Three major regional US banks have failed in the span of six weeks requiring intervention from the Federal Deposit Insurance Corporation (FDIC). The sudden downfall of Silicon Valley Bank in mid-March pulled Signature Bank under at the same time and thrust the US […]
US government selloff of failed banks set expectations of sweeteners in future Three major regional US banks have failed in the span of six weeks requiring intervention from the Federal Deposit Insurance Corporation (FDIC). The sudden downfall of Silicon Valley Bank in mid-March pulled Signature Bank under at the same time and thrust the US […]
WASHINGTON (AP) — America’s employers added a healthy 253,000 jobs in April, evidence of a labor market that still shows surprising resilience despite rising interest rates, chronically high inflation and a banking crisis that could weaken the economy. The unemployment rate dipped to 3.4%, matching a 54-year low, the Labor Department said Friday. The jobless […]
Dow posts biggest gain since January Stocks closed the week on a high note, with the Dow posting its biggest one-day percentage gain since Jan. 6. Shares of Apple surged more than 4% after upbeat results and jobs data pointed to a resilient labor market. Adding to the bullish momentum, regional bank shares rebounded from declines tied […]
How the U.S. economy is losing momentum John Kemp, a Reuters market analyst, has been assessing how, despite not exactly being in recession, the U.S. economy needs a careful eye… Like U.S. Supreme Court Justice Potter Stewart’s famously flexible definition of obscenity (“I know it when I see it”) recessions have proved notoriously difficult to […]