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Key Takeaways US initial jobless claims reached 191,000, lower than the expected 220,000. Lower-than-expected claims signal resilience in the US job market. Share this article The US Department of Labor, a federal agency responsible for administering labor laws and promoting workforce welfare, today reported initial jobless claims of 191,000 for the latest week, falling below … Read more
In Federal Reserve news, today, the long-running Trump-Powell tension is back at center stage as fresh FOMC clues hint at a potentially decisive December meeting. The mix of weaker labor readings, uneven PMI data, and a Fed shifting away from quantitative tightening has turned routine updates into political fuel. đ¨ LMFAO! President Trump is nuking … Read more
The number of Americans applying for unemployment benefits declined last week in a sign that overall layoffs remain low, even as several high-profile companies have announced job cuts. U.S. applications for unemployment benefits in the week ending Nov. 22 dropped 6,000 from the previous week to 216,000, the Labor Department reported Wednesday. The figure is below the 230,000 … Read more
A ‘Now Hiring’ sign sits outside the entrance to a Burlington department store on Nov. 19, 2025 in Miami, Florida. Joe Raedle | Getty Images The U.S. economy added substantially more jobs than expected in September, according to a long-awaited report Thursday from the Bureau of Labor Statistics. Nonfarm payrolls increased by 119,000 in the … Read more
Booming corporate earnings and a slumping labor market have been telling very different stories lately, and AI is the likely explanation, according to Chen Zhao, chief global strategist at Alpine Macro. That dichotomy is exemplified in the tech sector, which has seen profits soar while employment has been in a ârecessionâ for three years, he … Read more
Good morning. Geoff Colvin in for Diane today. Is AI enabling the economy to grow without any need for new jobs? If that happens, what kind of world will we face? Itâs a question thatâs top of mind for leaders given recent events. Recently, Goldman Sachs published an analysis titled âJobless Growth,â noting the current … Read more
Initial claims for unemployment insurance were well below expectations last week, helping to douse caution at the Federal Reserve and elsewhere that the labor market is in danger. First-time filings for the week ending Sept. 20 totaled a seasonally adjusted 218,000, down 14,000 from the prior week’s upwardly revised figure and significantly less than the … Read more
Tech leaders have been quick to squash claims that their AI firms could one day cause significant unemployment. But Goodwillâs CEO Steve Preston says itâs already happening. The charity, which has over 650 job centers, saw over 2 million people use its employment services last yearâand itâs getting ready for even more. âWe are preparing … Read more
Prices consumers pay for a variety of goods and services moved higher than expected in August while jobless claims accelerated, providing challenging economic signals for the Federal Reserve before its meeting next week. The consumer price index posted a seasonally adjusted 0.4% increase for the month, double the prior month, putting the annual inflation rate … Read more
Businesses trying to do more with less have historically leaned on automation during recessions, but the advent of generative AI could scramble the typical pattern of winners and losers when the next downturn strikes. While white-collar knowledge workers have previously not suffered from severe recession-induced layoffs or jobless recoveries, the next time could be different, … Read more
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