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The ranks of the long-term unemployed have swelled to 1.7 million. The psychological effects add to the economic pain.
That statistic has risen to almost a three-year high. But if the labor market continues to add jobs at current rates, losers may become winners.
At 5.3%, the unemployment rate for young university graduates is at its highest in around three years, said New York Fed economist Richard Deitz.
Last week, 217,000 people filed new claims for unemployment insurance. Back in the summer and early fall, that number spiked as high as 260,000.
FEMA offers $770 for disasters declared starting this month, but it’s not the only money you can get.
New research finds that inequities in unemployment risk can explain some of the racial gap in stock market investment.
They look like legitimate job listings, but they aren’t.
Many expect that the Fed will cut interest rates to stimulate the job market — but not everyone thinks that’s a good idea.
The Economist digs into data regarding those who lost their jobs in manufacturing.
July’s increase was not driven by layoffs. The data reflected the larger number of people who are actively seeking jobs.