Unemployment

News and Trends

Consumer & Retail Firms To See Resurgence In Q4: Report

Healthcare and pharmaceuticals, electric vehicles and infrastructure will experience incremental workforce expansion, predicts TeamLease report

Business News

A Recession Is 'Not Completely Off the Table,' Warns Treasury Secretary Janet Yellen

The Treasury Secretary shared her thoughts after a disappointing June jobs report.

Business News

These 15 U.S. States Have the Highest Employment Levels, According to a New Report

In April, 17 states had unemployment rates lower than the national average of 3.4%.

Business News

Avoid Nightmare Employers and Scams By Job-Searching Like a Journalist

Some positions – and bosses – can seem perfect from the outside, only to have the facade turned inside out once you've committed to the work. Avoid making the wrong job decision by vetting your job options like a reporter.

Entrepreneurs

Here's How Startups And SMEs Can Benefit From The UAE's New Unemployment Pay Program

The Unemployment Pay Program recently announced by the UAE government is a progressive and thoughtful initiative that will help provide financial security to employees and entrepreneurs during redundancy.

Business News

Carvana to Lay Off 12% of Its Workforce, Ignites 'Mass Hysteria'

The automotive retailer Carvana Co. announced it will be laying off over 2,000 workers, about 12% of its workforce, in efforts to align expenses with sales.

Business News

Weekly Unemployment Claims Jump In Possible Sign of Omicron Hit to Jobs Recovery

First-time filings for unemployment insurance came in at 230,000 for the week ending Jan. 8, up from the prior week's 207,000, the Labor Department said in a report.

Business News

Weekly Jobless Claims Drop Below Pre-Pandemic Levels in Sign of Continued Labor Market Tightness

First-time filings for unemployment insurance fell to 198,000 for the week ending Dec. 25, the Labor Department said in a report.

Business News

Weekly Jobless Claims Rise Again After Touching 52-Year Low

The rebound in initial claims breaks an eight-week straight run of declines.

Business News

Hiring Difficulties May Be on Horizon as US Labor Force Participation Rate Remains Unchanged

The labor force participation rate was unchanged at 61.6 percent in October and has remained within narrow range of 61.4 percent to 61.7 percent since June 2020.

Business News

US Businesses Turn to Automation Amid Labor Shortage

The shift to software, machines, and contactless methods was already underway in certain segments pre-pandemic, and the health crisis simply spurred on the process.

Business News

Federal Reserve: Businesses Say Vaccine Mandates Are Hurting Employment

The Fed's so-called Beige Book noted that the U.S. economy has been "dampened by a low supply of workers," partially due to vaccine mandates.

Business News

Unemployment Claims Fall to Pandemic Low Amid Tight Labor Market

First-time filings for unemployment claims totaled 290,000 for that week ended on Oct. 16, reporting that the figure was down 6,000 from the previous week.

Business News

Consumer Goods Giant to Raise Prices on More Staples, Blames Increase in Cost on Raw Materials

Procter & Gamble Co. said it would begin to charge more for oral care, beauty, and razors. Earlier this year, Procter & Gamble said it would charge more for toilet paper and diapers.

Business News

Unemployment Claims Fall to Lowest Level Since Beginning of COVID-19 Pandemic Last Year

The claims decreased to 293,000 last week, as compared with 329,000 a week earlier, the agency said. The four-week moving average for unemployment claims fell to 334,250-the lowest since March 2020.