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Jobless Rate

All articles tagged with #jobless rate

economy29 days ago•2 min saved

U.S. Unemployment Hits Four-Year High, Challenging Economic Narrative

The US jobless rate has increased, highlighting a sluggish labor market and posing challenges for Trump's economic messaging. While private sector job growth under Trump contrasts with Biden's administration, key sectors like manufacturing and mining have contracted, and overall employment prospects remain tepid. The Fed's decision to cut interest rates may be influenced by this slowdown, which could be further impacted by demographic shifts, immigration policies, tariffs, and technological changes like AI.

via Politico|

#economy #federal-reserve #job-growth

economy3 months ago•2 min saved

US Labor Market Slows to 2009 Levels Amid Rising Layoffs and Reduced Hiring

Amid a government shutdown, U.S. labor market data shows minimal changes in unemployment and layoffs, but a significant decline in new hiring since 2009, with layoffs decreasing but furloughs increasing, indicating a cautious economic outlook.

via CNBC|

#economy #employment #government-shutdown

economy1 year ago•2 min saved

US Jobless Claims Hit Six-Month Low Despite Michigan's Rising Unemployment

Michigan's unemployment rate increased to 4.7% in October, marking the seventh consecutive monthly rise, driven by a loss of 9,000 jobs and a shrinking workforce. The state's jobless rate is now 0.6 percentage points higher than the national average. The decline is attributed to economic slowdown, particularly affecting the auto industry, with announced layoffs from major automakers like General Motors, Ford, and Stellantis. While government and certain sectors like private education and health services have seen job growth, the private sector, especially manufacturing, is struggling, raising concerns about economic sustainability.

via Detroit News|

#auto-industry #economy #jobless-rate

economics2 years ago•1 min saved

"China's Improved Youth Jobless Rate Signals Economic Recovery"

China has reported an improved youth unemployment rate of 14.9% in December, excluding students from the calculation, after adjusting their methodology for measuring the figure. This comes after the rate hit a record high of 21.3% last summer, and the statistics department had suspended releasing such data.

via Bloomberg|

#china #economics #jobless-rate

opinion2 years ago•3 min saved

Unveiling the Truth: China's Youth Unemployment Crisis Demands Transparency

China's decision to suspend the publication of monthly youth unemployment figures has sparked public outcry. The National Bureau of Statistics claims that the calculation method needs improvement to reflect the changing society, questioning whether students should be included in the unemployment figures before they graduate. However, critics argue that this move may be an attempt to hide weak job data. The youth unemployment rate in China has reached record highs in recent months, but it fails to account for rural youth unemployment and counts any part-time job as employment. Transparency and the release of more comprehensive indicators, such as NEET, would provide a more accurate picture and aid policymaking.

via South China Morning Post|

#china #data-transparency #jobless-rate

economy2 years ago•0 min saved

China's Slower Q2 Growth Raises Concerns for Economic Recovery

China's second-quarter economic growth fell below market expectations, raising concerns about the recovery from the pandemic. The country has set a modest growth target of around 5% for 2023. Additionally, the jobless rate for the 16-24 age group reached a new high of 21.3% in June.

via South China Morning Post|

#china #economic-growth #economy