Pressley urges Powell to tackle the growing unemployment among Black women
Pressley Calls on Powell to Address Unemployment Among Black Women Rep. Ayanna Pressley (D-Mass.) has urged Federal Reserve Chairman Jerome Powell to tackle the rising unemployment rates for black women, a situation that has worsened during the Trump administration. Recent data from the Bureau of Labor Statistics (BLS) indicates that unemployment among black women is […]
Stocks Decline Amid Economic Worries Following Poor US Unemployment Data
Market Overview The S&P 500 index saw a decrease of 0.32% on Friday, while the Dow Jones Industrial Average fell by 0.48%. Interestingly, the Nasdaq 100 index managed a slight uptick of 0.08%. The September e-mini S&P Futures declined by 0.35%, but the September E-Mini Nasdaq futures saw a modest increase of 0.04%. Initially, stocks […]
Labor Department: U.S. unemployment claims decrease, staying in a ‘healthy’ range
Unemployment Benefits Drop in the U.S. Economists report that the number of Americans applying for unemployment benefits saw a decrease last week, maintaining a historically low level that’s been observed since the pandemic began. For the week ending August 9, claims dropped by 3,000, landing at 224,000, according to the U.S. Department of Labor. This […]
Sen. Joni Ernst calls for an investigation into federal misuse of unemployment benefits after five individuals received over $400K.
Senator Joni Ernst Addresses Unemployment Fraud Among Federal Employees WASHINGTON – Senator Joni Ernst (R-Iowa) is taking action after identifying a group of individuals she’s labeled as “rip-off artists” who allegedly received “fraudulent unemployment benefits.” This revelation emerged from a federal government audit that has implications for nearly $500,000 in taxpayer money. In a letter […]
Unemployment claims in the Los Angeles area rose sharply after the January wildfires.
Unemployment claims in the Los Angeles area have surged by 12% to 17% due to the severe impact of the Pallisard and Eton Blaze fires that swept through this January. According to a report by the Nonpartisan California Policy Lab at UCLA, claims have skyrocketed not just in areas directly affected by the fires, but […]
Unemployment Among Migrants in Britain Reached an All-Time High
This week, economic optimism tied to mass migration faced a setback as new government figures revealed that the number of unemployed individuals in the UK reached a high, with approximately 1.3 million migrants relying on welfare support. Data from the National Bureau of Statistics (ONS) shows that immigrants made up over one in five (21.5%) […]
GBP/USD rises as BoE makes a tough decision, US unemployment claims increase
The Bank of England has lowered interest rates to 4% with a narrow 5-4 vote, indicating a careful approach to easing. The BOE’s hawkish tone pushed GBP/USD above 1.3400 for the first time in a week. US unemployment has climbed to its highest level since 2021, contributing to dollar weakness. During the North American trading […]
While Newsom campaigns, California faces the highest unemployment rate in the nation.
California Governor Gavin Newsom (D) has initiated his presidential campaign for 2028, even as the state grapples with the highest unemployment rate in the nation. Earlier this month, there were reports about Newsom leaving California during a period marked by numerous wildfires. He traveled to rural South Carolina to gauge support for his presidential aspirations […]
Report shows 6.6% unemployment rate as education system lets job seekers down
This summer, students graduating in 2025 are supposed to feel a sense of relief before diving into their careers. Yet many high school and college graduates are feeling quite the opposite—anxiety seems to be rampant. They’ve applied to numerous jobs, sometimes even hundreds, but actual interviews and job offers are becoming tough to come by. […]
Persistent unemployment posing difficulties for workers
Analysis of the US Labor Market Rick Hermanns, the President and CEO of HireQuest Inc., recently discussed the current state of the American workforce, highlighting areas of high demand. Despite relatively low unemployment rates, the sluggish pace of job creation has led to a stagnation in the number of long-term unemployed individuals, which is concerning, […]