Thomas Barwick | Digitalvision | Getty Images 1. Unemployment is at historic lows The unemployment rate fell to 3.4% in January — the lowest since May 1969. Put another way: The last time the jobless rate was this low, Neil Armstrong hadn’t yet walked on the moon, Bunker said. In fact, you’d have to go … Read more
View More The current job market is a ‘juggernaut,’ economist says. Here are 6 things to know as a job seeker
The employment picture started off 2023 on a stunningly strong note, with nonfarm payrolls posting their strongest gain since July 2022. Nonfarm payrolls increased by 517,000 for January, above the Dow Jones estimate of 187,000 and December’s gain of 260,000. related investing news The unemployment rate fell to 3.4% versus the estimate for 3.6%. That … Read more
View More Payrolls increased by 517,000 in January, crushing estimates, as unemployment rate hit 53-year low
andresr | E+ | Getty Images More than 50 million workers quit their jobs in 2022, according to federal data, breaking a record set the year prior and demonstrating the resilience of a hot labor market characterized by ample job opportunity. The trend of workers voluntarily leaving their jobs began in early 2021, as the … Read more
View More 2022 was the ‘real year of the Great Resignation,’ says economist
Mass layoffs like those roiling the tech industry affect more than the people who lose their jobs. Laid-off workers face practical challenges, such as staying financially afloat and securing new employment, as well as the psychological blow of feeling rejected. Yet those who remain after their coworkers are dismissed can also struggle from what workplace … Read more
View More Workers who remain after job cuts feel
People wait in line to attend a job fair at SoFi Stadium on Sept. 9, 2021, in Inglewood, California. Patrick T. Fallon | Afp | Getty Images These days the U.S. unemployment system is somewhat of an anomaly. Almost three years after the Covid-19 pandemic caused the worst jobless crisis in the U.S. since the … Read more
View More U.S. unemployment system still plagued by delays 3 years after pandemic-era downturn
JPMorgan’s Marko Kolanovic is abstaining from the early 2023 rally. Instead, the Institutional Investor hall-of-famer is bracing for a 10% or more correction in the first half of this year, telling investors he’s “outright negative” on the market. “Fundamentals are deteriorating. And, the market has been moving up. So, that has to clash at some … Read more
View More ‘Outright negative’ on stocks: JPMorgan’s Marko Kolanovic braces for correction, hard landing
Iryna Imago | Istock | Getty Images A wave of companies, including Amazon, Google and Spotify, have announced deep cuts to their head count, leaving former employees without a paycheck. Fortunately, the unemployment insurance program, created in 1935, offers support to certain people who have lost their job. The federal program is administered by states, … Read more
View More As layoffs pick up, here’s what workers need to know about filing for unemployment benefits