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Initial jobless claims hit a 10-month high last week. If that takes pressure off prices, the Federal Reserve might reduce interest rates.
Unemployment jumped from 8.6% to 12.3% among 20-somethings with bachelor’s degrees year over year, the BLS reported.
Unpacking the persistent 2-to-1 unemployment gap between Black and white workers.
It’s possible that higher unemployment means more Black workers are coming back into the labor market.
Some question the predictive powers of the The Conference Board’s Leading Economic Index, a past predictor of recessions.
To not be so stubbornly good? “We still see the labor market running very hot,” one economist says.
States are upgrading IT and accessibility to unemployment insurance, but it’s a long hard road.
The “dual labor market” theory paints a picture of two very different job markets in terms of stability, pay, and mobility.
China’s job market remains competitive as the economy recovers from zero-COVID. But some young people have lost their eagerness to compete.
The four-week moving average of unemployment benefits claims is at the highest level since late 2021. Is this more evidence of a slowly cooling economy?