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For example, the main gauge, the unemployment rate, can be falling (a positive sign) while the labor force participation rate is falling as well (a negative sign). Further, the reasons for persons leaving the labor force may not be clear, such as aging (more people retiring) or because they are discouraged and have stopped looking for work. [ 184 ]
The number of Americans applying for unemployment benefits fell last week, another sign that the job market remains resilient in the face of high interest rates. Jobless claims dropped by 7,000 to ...
Frictional unemployment occurs when a worker is voluntarily between jobs. This is normal and healthy for the economy, as it increases the matches between job openings and seekers. Structural unemployment is caused by structural changes in the economy. This includes technological changes and the movement and relocation of certain industries.
Initial claims for state unemployment benefits dropped 4,000 to a seasonally adjusted 217,000 for the week ended Nov. 9, the Labor Department said on Thursday. ... US weekly jobless claims fall ...
The number of Americans filing new claims for unemployment benefits fell last week, pointing to underlying strength in the labor market that should continue to support the economy. The second ...
Weekly unemployment claims are seen as a proxy for the number of U.S. layoffs in a given week. Applications for unemployment benefits fell by 9,000 to 218,000 for the week ending Feb. 3, the Labor ...
Stagflation refers to an economic condition characterized by a simultaneous occurrence of high inflation, stagnant economic growth, and elevated unemployment. This phenomenon challenges traditional economic theories, which previously suggested that inflation and unemployment were inversely related, as depicted by the Phillips Curve.
The number of Americans filing new claims for jobless benefits fell last week, unwinding nearly half of the jump at the start of the month, indicating that labor market conditions remain fairly ...