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Stories Tagged as

Unemployment

Fading job prospects discourage younger Chinese workers

by Jennifer Pak
May 17, 2023
China's job market remains competitive as the economy recovers from zero-COVID. But some young people have lost their eagerness to compete.
Students at a job fair in Beijing last year. Unemployment among graduates has remained stubbornly high even though China has dismantled its zero-COVID policy.
Jade Gao/AFP via Getty Images
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Jobless claims are up, but unemployment is still low. What does that mean?

by Samantha Fields
May 11, 2023
The four-week moving average of unemployment benefits claims is at the highest level since late 2021. Is this more evidence of a slowly cooling economy?
The four-week moving average of unemployment insurance claims is the highest it’s been since late 2021.
Scott Olson/Getty Images
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Is the 'blunt tool' of monetary policy actually just a dull tool?

by Matt Levin
Apr 7, 2023
Fed rate hikes are kinda starting to slow down the labor market, but unemployment is still very low, and the economy isn't reacting as experts expected.
The unemployment rate is historically low at 3.5%. Increase in travel, boomer retirements and long COVID have kept labor demand high and supply scarce.
Justin Sullivan/Getty Images
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Laid-off workers are leaving unemployment benefits on the table

by Henry Epp
Apr 6, 2023
A lot of them don't even know they're eligible.
The University of Michigan's Luke Shaefer calls unemployment benefits “the most arcane and complicated” government program.
Olivier Douliery/AFP via Getty Images
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The class of 2023 is graduating into a challenging job market

by Reema Khrais and Sarah Leeson
Apr 5, 2023
The jobless rate for young workers has jumped since late 2021 and loan repayment is back on the table. Soon-to-be grads are scrambling.
New grads are entering a tougher hiring environment than last year's class. "There are jobs," says Wall Street Journal reporter Lindsay Ellis, but "it is a longer journey than many soon-to-be college grads would like."
Spencer Platt/Getty Images
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How low unemployment lifts workers at the bottom

by Amy Scott and Sarah Leeson
Mar 29, 2023
In "Moving the Needle: What Tight Labor Markets Do for the Poor," authors Newman and Jacobs advocate letting tight labor markets stay that way.
"When unemployment goes below about 4.5%, folks who've been out of work find work and keep work," said author Elisabeth Jacobs.
Brandon Bell/Getty Images
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February's rising unemployment rate is actually a positive sign, economists say

by Lily Jamali
Mar 10, 2023
Growth in the number of people looking for work means the unemployment rate is rising for the right reasons, one economist says.
"People think this is a good time to be searching for a job," said Gus Faucher of PNC Financial Services Group.
Spencer Platt/Getty Images
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U.S. adds a robust 311,000 jobs despite Fed’s rate hikes

by Associated Press
Mar 10, 2023
Employers added a higher-than-expected 311,000 jobs, while unemployment rose from 3.4% to 3.6%.
The 311,000 number is higher than most predictions, while unemployment rose from 3.4% to 3.6%.
Olivier Douliery/AFP via Getty Images
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When it comes to inflation, monetary policy might not be getting the job done

by Kai Ryssdal and Sean McHenry
Mar 9, 2023
"It's clear there have been some shifts in the economy that just make their policies less effective," says Neil Irwin of Axios.
On Tuesday, Federal Reserve Chair Jerome Powell appeared before the Senate Banking Committee.
Win McNamee/Getty Images
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Continuing unemployment claims, explained

by Kimberly Adams
Feb 23, 2023
Continuing claims for benefits fell by 37,000 for the week, according to the latest data from the Labor Department.
A "Join our team today!" sign posted at a UPS store early this month. Weekly jobless claims data suggests continuing strength in the job market.
Mario Tama/Getty Images
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