Unemployment

The Fed Bets on a ‘Soft Landing,’ but Recession Risk Looms

Jerome H. Powell, the Federal Reserve chair, emphasized this week that the central bank he leads could succeed in its quest to tame rapid inflation without causing unemployment to rise or setting off a recession. But he also acknowledged that such a benign outcome is not certain. “The historical record provides some grounds for optimism,” […]

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January 2022 Jobs Report: Strong Gains Show Resilient Economy

A record-setting spike in coronavirus cases kept millions of workers at home in January and disrupted businesses from coast to coast. But it couldn’t knock the U.S. job-market recovery off course. Employers added 467,000 jobs in January, seasonally adjusted, the Labor Department said on Friday. The report smashed the projections of economists, who had been […]

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Omicron’s Economic Toll: Missing Workers, More Uncertainty and Higher Inflation (Maybe)

Covid-related absences are creating headaches for businesses that were struggling to hire workers even before Omicron. Restaurants and retail stores have cut back hours. Broadway shows called off performances. Airlines canceled thousands of flights over the holidays because so many crew members called in sick; on one day last month, nearly a third of United […]

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December Jobs Report: U.S. Added 199,000 Jobs

“We’re all sort of at the whims of these variants and surges in cases, and it’s hard to know when they might strike,” said Nick Bunker, director of economic research at the Indeed Hiring Lab. “Any sort of projections or outlook on the pace of gains over the next year or so is still dependent […]

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As Beijing Takes Control, Chinese Tech Companies Lose Jobs and Hope

The video platform that laid off Mr. Zhao, iQiyi, had an abysmal quarter, losing about $268 million. Its share prices fell by 85 percent from its high in 2021, reflecting investors’ concerns that the company, once aspiring to be China’s Netflix, will be short of shows that can attract more subscribers and advertisers. “The biggest […]

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Job Openings Report Shows Record Number of Workers Quit in November

There are signs that the worst of the turbulence was beginning to ease late last year. The number of job openings posted by employers fell in November, the Labor Department said Tuesday, though it remained high by historical standards. Hiring picked up, too. Earlier data showed that more people returned to the labor force in […]

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Jobless for a Year? Employment Gaps Might Be Less of a Problem Now.

Some employers regard applicants with long periods of unemployment unfavorably, research shows — even if many are reluctant to admit it. The Status of U.S. Jobs The pandemic continues to impact the U.S. economy in a multitude of ways. One key factor to keep an eye on is the job market and how it changes […]

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How Inflation Affects Turkey’s Struggling Economy

The signs of Turkey’s disastrous economy are all around. Long lines snake outside discounted bread kiosks. The price of medicine, milk and toilet paper are soaring. Some gas stations have closed after exhausting their stock. Angry outbursts have erupted on the streets. “Unemployment, high living costs, price increases, and bills are breaking our backs,” the […]

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Analysis: Biden Sees Booming Economy, but Many Americans Don’t

The president has in recent weeks painted a bifurcated picture of the economy in speeches and news releases. He promotes what he calls historic progress on several measures. But he quickly turns to acknowledging the sticker shock that families have experienced at the grocery store, the gasoline pump and a variety of online shopping sites. […]

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