Study: Unemployment Rate for Non-College Graduates Hits Near Lowest Level in 23 Years
Younger Non-Graduates See Low Unemployment Rates Younger workers without college degrees are experiencing one of the lowest unemployment rates in recent history, as highlighted by an analysis from the Burning Glass Institute, which was reported by the Wall Street Journal. This analysis indicates that individuals aged 22 to 34, who lack higher education diplomas, are […]
US adds 162,000 jobs in August, unemployment at 4.1%
In August, the U.S. economy showed a notable rebound, adding jobs at a considerable pace following an unexpected decline in July amid various uncertainties. Key Findings from the August 2026 Jobs Report The Bureau of Labor Statistics reported on Friday that 162,000 jobs were added in August, significantly exceeding the economists’ forecast of 56,000 jobs, […]
Unemployment claims in the US increase to 206,000, yet stay at historically low levels
Last week, more Americans applied for unemployment benefits, although layoffs remain uncommon and jobless claims continue to be at historically low levels. According to the Labor Department on Thursday, applications for benefits rose to 206,000, compared to a revised figure of 204,000 from the previous week. The four-week average of claims, which helps smooth out […]
California has the highest number of ongoing unemployment claims in the nation this week.
Last month, California saw an eye-popping 342,747 applications for ongoing unemployment benefits in just one week, which is more than double the next highest state. This trend was highlighted in a recent report. When analyzing data from the U.S. Department of Labor, it was clear that California outpaced other leading states significantly. For instance, New […]
Predicting the week ahead: The strength of the US Dollar is challenged by Fed minutes and unemployment claims
Next week is shaping up to be a critical one for major currency pairs. Investors are coming back from the US Independence Day holiday and are sifting through somewhat disappointing US labor market data. The upcoming release of the minutes from the last Federal Open Market Committee (FOMC) meeting, along with new unemployment insurance claims, […]
Study: $47.2M in Unemployment Fraud Happened During Roy Cooper’s Tenure
Fraudulent Unemployment Benefits Reported in North Carolina A recent audit from the North Carolina State Comptroller’s Office has revealed that substantial amounts of fraudulent unemployment benefits were issued during the tenure of former Democratic Governor Roy Cooper and in the time that followed his departure from office. This comes as Cooper is now campaigning for […]
Jeff Bezos Foresees AI Leading to Labor Shortage Rather Than Widespread Unemployment
Jeff Bezos Sees AI Creating Labor Shortages, Not Job Losses In a recent conversation at the VivaTech conference in Paris, Amazon founder Jeff Bezos offered a refreshing perspective on artificial intelligence, suggesting it may actually lead to labor shortages instead of the widespread unemployment some expect. This outlook challenges the worries many hold about AI […]
California teenagers eager for summer jobs face double the unemployment rate.
California Teenagers Face Tough Job Market California teens hoping to find summer jobs might be facing significant challenges this year. The job outlook for young people in the Golden State is, well, pretty poor compared to their peers in other states. As of April, the teen unemployment rate in California hit an alarming 23.3%, which […]
Australian Dollar drops near 0.7100 as April sees an increase in Unemployment Rate
Australian Dollar Declines After Weak Labor Market Data The AUD/USD pair dropped after a more than 0.5% increase the previous day, trading around 0.7120 during Thursday’s Asian session. The decline in the Australian dollar came on the heels of disappointing labor market statistics from Australia. Australia’s unemployment rate climbed to 4.5% in April, up from […]
California congressman criticizes Gavin Newsom’s unemployment debt
California’s Republican lawmakers are pushing for accountability regarding the state’s failure to manage $20 billion in debt, which Governor Gavin Newsom and fellow Democrats have yet to address. In response, Congressman Vince Fung proposed the Loan Repayment Responsibility Act. This legislation would require California to settle its debts before it could access certain federal funds, […]