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Initial jobless claims hit a 10-month high last week. If that takes pressure off prices, the Federal Reserve might reduce interest rates.
Where’s the recession? Changes like the pandemic crash and government funding programs have disrupted the expansion-contraction pattern.
Unemployment jumped from 8.6% to 12.3% among 20-somethings with bachelor’s degrees year over year, the BLS reported.
Immigrants are much more likely to create a new business, studies show, and the knock-on effect is job creation.
Unpacking the persistent 2-to-1 unemployment gap between Black and white workers.
It’s possible that higher unemployment means more Black workers are coming back into the labor market.
The Conference Board’s Leading Economic Index turned positive in February for the first time since February 2022. That’s a sign that the economy will avoid a recession this year, even if it slows down.
Unemployment claims fell last week. Despite relatively high interest rates, they’re below pre-pandemic levels and near historic lows.
They’re less concerned about recruitment challenges, according to an NFIB survey and several indicators.
There has been a wave of migration to the U.S. — legal and not — since 2022. Many who entered are finding and keeping jobs.