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Unemployment

Federal Reserve, assessing inflation-unemployment link, faces an inflection point

by Caleigh Wells
Jul 3, 2024
But some economists say the relationship between inflation and employment is not as black and white as it used to be.
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Continuing claims for jobless benefits reach highest point since 2021

by Meghan McCarty Carino
Jun 27, 2024
The uptick seems to reinforce a number of recent signals showing moderation in the labor market.
Rising continuing unemployment claims mesh with other recent data. Job openings have been declining, for instance, and so have quits.
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Bad news for the job market could be good news for inflation

by Elizabeth Trovall
Jun 13, 2024
Initial jobless claims hit a 10-month high last week. If that takes pressure off prices, the Federal Reserve might reduce interest rates.
Higher unemployment can contribute to the cooling of inflation, but it comes at the expense of people's livelihoods.
Chandan Khanna/AFP via Getty Images
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Recent college grads see rise in unemployment

by Elizabeth Trovall
Apr 23, 2024
Unemployment jumped from 8.6% to 12.3% among 20-somethings with bachelor's degrees year over year, the BLS reported.
"This is the first sign of [the job market] not being as strong as I thought it was," said Patricia Anderson with Dartmouth.
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Race and Economy

The consistent unemployment gap between Black and white workers

by David Brancaccio and Erika Soderstrom
Apr 12, 2024
Unpacking the persistent 2-to-1 unemployment gap between Black and white workers.
"That disparity between Black and white workers is something that remains really a defining feature, unfortunately, of the U.S labor market," said Valerie Wilson of the Economic Policy Institute’s Program on Race, Ethnicity and the Economy.
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Black unemployment seems to be rising. But other indicators of Black employment are strong.

by Mitchell Hartman
Apr 8, 2024
It's possible that higher unemployment means more Black workers are coming back into the labor market.
The recent Black unemployment rate uptick is worth watching, said economist Elise Gould. But, she points out that it's still quite low by any historical measure.
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What's the best way to predict where the economy is headed?

by Elizabeth Trovall
Jul 20, 2023
Some question the predictive powers of the The Conference Board's Leading Economic Index, a past predictor of recessions.
While investors may be closely watching The Conference Board's Leading Economic Index, economists caution it may not be as predictive as it once was.
Timothy A. Clary/AFP via Getty Images
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What the Fed wants to see in the next jobs report

by Elizabeth Trovall
Jul 4, 2023
To not be so stubbornly good? "We still see the labor market running very hot,” one economist says.
Fed policymakers use data from household surveys, financial markets, professional forecasters and the labor market to set interest rates, says Rice University economist Zach Bethune.
Saul Loeb/AFP via Getty Images
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COVID & Unemployment

Three years after the pandemic recession, signing up for unemployment still isn't easy

by Mitchell Hartman
Jun 26, 2023
States are upgrading IT and accessibility to unemployment insurance, but it's a long hard road.
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Is the U.S. economy really a tale of two job markets?

by Sabri Ben-Achour and Alex Schroeder
Jun 9, 2023
The "dual labor market" theory paints a picture of two very different job markets in terms of stability, pay, and mobility.
The unemployment rate is at a half-century low, yet many workers are unable to escape poorly paid, precarious jobs. One reason could be that the U.S. job market has evolved into two distinct labor markets—a dual labor market--and workers in each section experience very different economies.
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