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, […]
New graduates confronting worsened job market as unemployment hits a multi-year high
Recent college graduates are diving into the job market, but they’re hitting a major roadblock. The job landscape is actually getting tougher. Research from the Federal Reserve Bank of New York reveals that the labor market is “deteriorating significantly” as of early 2025, with new entrants to the workforce facing particularly harsh challenges. In a […]
EUR/USD reaches a six-week peak as ECB lowers interest rates and US unemployment claims fall short.
Market Overview: EUR/USD and Economic Indicators The EUR/USD has been on the rise, achieving its highest level since April 22nd. The European Central Bank (ECB) has cut key interest rates by 25 basis points, shifting towards a more data-driven approach. Initial unemployment claims in the US climbed to 247,000, exerting pressure on the dollar as […]
Labor Dept Warns States About Illegal Migrants Receiving Unemployment Benefits, Threatens Loss Of Federal Funds
The U.S. Department of Labor (DOL) has warned governors of the US and overseas territories to prevent illegal immigrants from risk of claiming unemployment benefits or losing federal grants. “[I]Written by US Secretary of Labor Lori Chavez Deremar, it is important that Lori Chavez Deremar ensures that the US taxpayer dollars do not guarantee that […]
Labor secretary warns states of illegal immigrants collecting unemployment benefits
State that allows illegal immigrants to collect unemployment benefits could potentially lose federal funds, Labor Secretary Lori Chavez Deremer said Friday. In every letter to the governor, Chavez Deremar urged him to comply with President Donald Trump’s orders, ensuring that taxes do not illegally benefit the people of America. “Unemployment benefits in our country exist […]
Trump tariffs to increase unemployment, but mass layoffs unlikely
Federal Reserve Chairman Jerome Powell said President Trump’s tariffs are higher than expected, increasing the risk of further inflation. President Donald Trump’s tariffs are expected to increase unemployment over the course of the year, but no major layoffs are expected. An allianz economist said in a report released Thursday that he noted an indicator that […]
DOGE says dem states are to blame for most unemployment fraud in last four years
After finding fraudulent unemployment payments of $382 million since 2020, Government Efficiency (DOGE) has identified California, New York and Massachusetts as key perpetrators. The three Democratic-led states accounted for $355 million in inappropriate claim payments, Doge said Thursday. The group added that California accounts for 68% of the profits distributed by federal authorities to parolees […]
3 Democrat States Had Most of $382M in Unemployment Fraud
The Elon Musk-led Office of Government Efficiency (DOGE) points to three Democrat-controlled states because of the majority of fraudulent unemployment rates. The agency recently discovered $382 million in such payments since 2020, designating California, New York and Massachusetts as the best states to blame for the issue, Fox News It has been reported on friday. […]
Toddlers, people not yet born, and those 115+ snagged nearly $400M in unemployment insurance: DOGE
The government's efficiency department appears to have discovered more potential scams within the federal government. On Wednesday, Doge shared an A post On social media highlighting troubling findings from unemployment insurance investigations. “We will continue to work to catch these burglars and eradicate terrible fraud. This is where the accountability lies.” Since 2020, tens of […]
Unemployment Ticks Up, Jobs Disappoint Slightly, DOGE Cuts Working
The US labor market added 151,000 jobs in February. That's a small acceleration from the 143,000 jobs that were earned in January, but 160,000 economists weren't predicted. The unemployment rate was up to 4.1%, contrary to expectations of stable 4.0%. The February report highlights the labor market, which is resilient but shows signs of cooling. […]