Half of America's governors are cutting off enhanced unemployment benefits for workers and subjecting millions of people to economic shock therapy.
Businesses are struggling to find workers to fill jobs and experts are worried about what the labor shortage could mean for the US economy.
One expert said a rise in LinkedIn activity indicates a changing attitude of wealthy job seekers rather than a strong economic recovery.
Data from top job sites including Flexjobs, Indeed, Joblist, Monster, and Snagajob shows which industries are starting to bounce back.
Millennials are catching up to boomers and Gen X in earnings and life events like homeownership, but they're still way behind in building wealth.
New US unemployment filings for the week that ended Saturday totaled 787,000, the Labour Department said Thursday, snapping a two-week streak of declines. Economists surveyed by Bloomberg expected a reading of 800,000 claims. The total also lands just below the previous week’s revised total of 790,000. Continuing claims, which track […]
US stocks sank on Friday after President Donald Trump and First Lady Melania Trump said they both tested positive for COVID-19. The diagnosis adds more uncertainties to the final month of a presidential race already expected to fuel outsize market volatility. While some sectors pared losses and swung higher, falling […]
Rhode Island has a plan to use CARES Act funding to bring jobs back to the state. A private-public partnership called “Back to Work RI” will support displaced workers with critical training to help them navigate a job market upended by the coronavirus. The state is partnering on the $US45 […]
Australia created 111,000 new jobs in August, pushing unemployment down to 6.8%. The figures show most Australian states have grown as they have reopened their economy, but Victoria continues to drag as Melbourne remains in hard lockdown. Meanwhile, two-thirds of new jobs were part-time and actual hours worked increased just […]
New Deloitte analysis forecasts the equivalent of 145,000 full time jobs and $31.3 billion will be lost if JobSeeker cuts proceed as planned. Its analysis rebukes the Coalition policy to slash the $550 Coronavirus Supplement in September before eliminating it entirely come December. Deloitte argues the move would do more […]
Job openings in the US gained for the third month in a row in July as the labour market continued its steady climb from pandemic-induced lows. US job openings gained by 617,000 to 6.6 million through the month, according to Job Openings and Labour Turnover, or JOLTS, survey data. The […]
The Conference Board’s Consumer Confidence Index has fallen for the second straight month, to 84.8 from 91.7, according to a Tuesday release. The group’s Present Situation Index – which tracks Americans’ views of current business and job-market conditions – sank to 84.2 from 95.9. Data was gathered until August 14, […]
Vice President Mike Pence claimed on Fox News on Wednesday that the Trump administration had created “more jobs in the last three months than Joe Biden and Barack Obama created in their eight years in office.” Experts were quick to point out that Pence left out April, when the US […]
The unemployment rate rose to 7.5% in July, as the number of unemployed Australians surpassed one million. That figure doesn’t include the 3.5 million workers being supported by JobKeeper. Recorded before Victoria’s most recent lockdown, the numbers are expected to rise through August. Visit Business Insider Australia’s homepage for more […]
Jobs continued to bounce back in July, but its trajectory upwards has slowed considerably in the latest report from ANZ Bank. “The second wave of COVID-19 cases and return to Stage 3 restrictions in Melbourne and the Mitchell Shire have undoubtedly weighed on the recovery in labour demand so far,” […]
The Paycheck Protection Program increased US employment by 1.4 million to 3.2 million from its inception to the first week of June, Federal Reserve and MIT researchers said in a study. Loans made through the program also lifted employment at eligible small businesses by 2% to 4.5%, the preliminary study […]
The median economist estimate for jobless claims in the week ending June 6 is 1.55 million, according to Bloomberg data. The Labour Department will release the official report Thursday. If the official report is near the estimate, it will mark the second week in a row where initial claims are […]