US adds 175,000 jobs and unemployment rate rises to 3.9 percent, falling short of economist expectations
The U.S. economy added 175,000 jobs in April, and the unemployment rate rose to 3.9%, according to new Labor Department data released Friday. April’s employment report was lower than economists expected, with 240,000 new jobs and an unemployment rate of 3.8%. The latest jobs report came days after the Federal Reserve decided not to cut […]
California unemployment fund ‘insolvent’ due to $55B fraud, businesses to pay
(The Center Square) – California’s unemployment insurance fund is “structurally insolvent” due to $55 billion in fraud and overpayment during COVID-19 crisis, leading to a growing $21 billion unemployment benefits loan from the federal government the state is unable to pay down. While the state seeks loan forgiveness from the Acting United States Secretary of Labor, who […]
US unemployment would be higher if illegal immigration were counted correctly: Goldman Sachs
Joanie Billie of EmployBridge will explain how the US economy is doing in the March employment statistics on “How to make money.” The U.S. unemployment rate would be even higher if the government properly accounted for the recent surge in illegal immigration, according to a new analyst note from Goldman Sachs. Goldman strategists led by […]
The US added over 300,000 jobs in March and the unemployment rate dropped slightly
The unemployment rate fell to 3.8% from 3.9% in March. (iStock) The unemployment rate fell slightly in March to 3.8%, the Bureau of Labor Statistics said. employment status report. The unemployment rate last month remained at 3.9%. That rate has declined, thanks in part to the addition of an additional 303,000 jobs in March. The […]
US employers add 303K jobs in March, unemployment lower
U.S. employers added a massive 303,000 total payrolls in March, marking the fifth consecutive month of larger-than-expected job gains. The monthly figure was higher than the 200,000 job gain expected by economists. A strong job market has kept interest rates historically high, but Wall Street has been wary of making predictions from initial numbers in […]
California Raises Minimum Wage For Fast Food Workers Despite Highest Unemployment Rate In the Nation
California’s mandate to pay workers at fast-food chains a minimum wage of $20 an hour went into effect Monday despite concerns that it could worsen the state’s unemployment and inflation problems. The new rules will increase the minimum wage for workers at large chain restaurants by 25% and create a Fast Food Council with the […]
Bidenomics Going Bust? Unemployment Is Rapidly Rising In Most US States As Election Looms
Unemployment rates have risen in all but three states over the past year as President Joe Biden continues to boast about his handling of the economy. As of February, the states with the largest year-over-year increases in personal unemployment rates were Rhode Island, Maine, and Connecticut, all of which increased by more than 1%, but […]
California leads nation in unemployment after slower job growth than anticipated
FOX News Senior National Correspondent William La Jeunesse writes a “Special Report” on proposed changes to California’s electricity rates. California now has the highest unemployment rate in the nation after new data revealed the Golden State’s job growth in 2023 will be much lower than previously thought. Data from the state Employment Development Department It […]
Younger Workers Turning Against Biden as Unemployment Rises
Americans are unhappy with Bidennomics President Joe Biden is trying to convince America that bidenomics The blessing is not working, especially among young Americans. The Conference Board’s consumer confidence index fell in February after three months of gains. The Rasmussen Report’s economic indicators fell sharply in March, reversing four months of gains.University of Michigan consumer […]
US dollar slumps on rising unemployment and weaker wage growth – ForexLive
The US dollar is at its lowest this week following the release of February non-farm payrolls numbers. The headline numbers were strong at +275K compared to +200K, but there were some soft details underneath. First, his two previous reports were revised downward by a total of 167,000 jobs, making total payrolls lower than expected. The […]