Americas no-hire, no-fire job market stuns
#JobMarket #UnemploymentUS job market faces stagnation with 4.3% unemployment, slow hiring, and few layoffs. Workers cling to jobs; healthcare adds 456,000 roles while other sectors cut 205,000. Quits hit lowest since August 2020. read more
Remote Work Blamed for Rising Graduate Unemployment
#RemoteWork #UnemploymentRemote work since the pandemic has raised unemployment for recent college graduates, as companies avoid hiring inexperienced staff for remote roles due to training challenges, a New York Fed study finds. read more
States Struggle with Influx of Unemployment Claims Amid Federal Job Cuts
#unemployment #governmentefficiencyStates are overwhelmed by unemployment requests from laid-off federal workers, with some, like Maryland, receiving up to 60 claims per day. The rapid downsizing, a result of collaboration between Trump and Elon Musk, is straining state finances. read more
US Jobless Claims Drop, Job Market Remains Stable Despite Challenges
#Unemployment #JobMarketThe number of Americans filing for unemployment benefits decreased by 22,000 last week after a significant jump the previous week, dropping to 220,000 jobless claims. Continuing claims also fell, suggesting a healthy job market despite recent softening. read more
#Eurozone #unemployment
Eurozone unemployment hits a record low of 6.4% in April, the lowest since the euro currency's inception. Higher interest rates set by the European Central Bank haven't hindered job growth. Additionally, the UK confronts a wage surge, and the US GDP growth diminishes. read more