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U.S. payrolls recorded a stunning jump in January despite a record number of Americans calling in sick from work as the highly-contagious Omicron variant spread across the country at the start of ...
In the week ending Jan. 1, jobless claims increased 7,000 to reach 207,000. The previous week's level was revised upward from 198,000 to 200,000 in a bit of slightly negative economic news moving ...
The nation's jobless rate stood at 3.9% in December, down from November's 4.2%. By most counts, the economy has held up remarkably well.
The Great Resignation, also known as the Big Quit [2] [3] and the Great Reshuffle, [4] [5] was a mainly American economic trend in which employees voluntarily resigned from their jobs en masse, beginning in early 2021 during the COVID-19 pandemic. [6]
Unemployment shot to 10.8%, which at the time marked its highest level since World War II. Why the US job market has defied rising interest rates and expectations of high unemployment Skip to main ...
As of 2023, the COVID-19 pandemic is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS CoV‑2).
There are many domestic factors affecting the U.S. labor force and employment levels. These include: economic growth; cyclical and structural factors; demographics; education and training; innovation; labor unions; and industry consolidation [2] In addition to macroeconomic and individual firm-related factors, there are individual-related factors that influence the risk of unemployment.
In California, for instance, the state unemployment rate hit 5.3% in February, up 0.8% from a year ago and the highest in the nation. New Jersey's unemployment rate hit 4.8% in February, also up 0.8%.