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Stories Tagged as

Unemployment

What are "ghost jobs", and why are so many unemployed workers frustrated with them?

by Kimberly Adams
Aug 26, 2024
They look like legitimate job listings, but they aren't.
If a job posting you're interested in has been up for several months, that's a sign that it may be a "ghost job."
Alex Wong/Getty Images
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What can the Federal Reserve do about rising unemployment?

by Caleigh Wells
Aug 14, 2024
Many expect that the Fed will cut interest rates to stimulate the job market — but not everyone thinks that's a good idea.
If Federal Reserve Chair Jerome Powell, above, announces an interest rate cut in September, it could take awhile for that cut to stimulate the labor market.
Andrew Harnik/Getty Images
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Why the so-called “left behind” bloc might be doing better than you think

by David Brancaccio , Nic Perez and Alex Schroeder
Aug 13, 2024
The Economist digs into data regarding those who lost their jobs in manufacturing.
Above, the Gautier Steel Mill in Johnstown, Pennsylvania, in September 2016. "The traditional Rust Belt states ... actually have had lower unemployment rates than the national average," said The Economist's Zanny Minton-Beddoes.
Dominik Reuter/AFP via Getty Images
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The higher unemployment rate may not be a bad thing this time

by Sabri Ben-Achour
Aug 6, 2024
July's increase was not driven by layoffs. The data reflected the larger number of people who are actively seeking jobs.
More people have entered the job market recently, possibly drawn by a healthy environment for salaries.
ljubaphoto/Getty Images
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Why are stocks cratering around the globe?

by Samantha Fields
Aug 5, 2024
The disappointing July jobs report fed fears of a U.S. downturn, spurring traders to sell. But economic fundamentals are still strong.
When an economic report diverges from forecasts, it can "result in large either upward or downward movements," said Charles Lieberman at Advisors Capital Management.
Spencer Platt/Getty Images
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What does a normalizing job market look like?

by Samantha Fields
Jul 30, 2024
Economists say the supply of jobs and workers is coming into better balance than during the labor shortages of the pandemic.
From May to June, little changed in terms of job openings, layoffs and quits. Take a birds-eye view though, and the labor market has slowed in the last year.
Michael M. Santiago/Getty Images
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What is "maximum employment"?

by Samantha Fields
Jul 29, 2024
And why is there no target number to measure it, as there is with inflation —the Federal Reserve's other mandate?
The Federal Reserve is thought to believe that 4% unemployment equates to its goal of maximum employment. But could the jobless rate go even lower without kicking up inflation? Above, Fed Chair Jerome Powell.
Nathan Howard/Getty Images
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Continuing unemployment claims hit highest level in more than 2 years

by Daniel Ackerman
Jul 18, 2024
It may be another data point that helps convince the Fed to start cutting interest rates.
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What would you do to try and avoid a layoff?

by Mitchell Hartman
Jul 10, 2024
Even with a comparatively low unemployment rate, layoffs are rising. A new survey lays out some of the sacrifices workers are willing to make to avoid that fate.
Between 30% to 40% of workers would be willing to take a demotion or a pay cut, make a longer commute or be relocated to avoid layoffs.
Timothy A. Clary/AFP via Getty Images
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June's jobs report indicates something we haven't seen in a while: normalcy

by Mitchell Hartman
Jul 5, 2024
Conditions in the labor market increasingly look like they did before the pandemic.
Recent data shows a stable job market. To many, that's a relief after years of topsy-turvy pandemic-driven layoffs and labor shortages.
Frederic J. Brown/AFP via Getty Images
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