Jobless claims surge in storm-hit Carolinas, boosting U.S. total
By
Shobhana Chandra
Published
2 Min Read
Shobhana Chandra
From
Bloomberg News
More From Employee Benefit News
DOGE firings crop up in jobs data but total scope still lags
Thousands of federal and contract employees have already lost their jobs, but the true impact on these workforces has yet to be seen.
Steady hiring with higher joblessness shows US labor softening
Job cuts mirror early pandemic levels, and more people than ever are working multiple jobs to keep up with economic needs.
US initial jobless claims fall to eight-month low to end 2024
The drop represents a positive change following a spike in unemployment over the summer.
US jobless claims soar to year high, hit by Helene and auto cuts
The devastation caused by the hurricane, along with layoffs, have largely contributed to the jump.
Layoffs are a last resort looming for more US companies
The Federal Reserve’s ability to avert a downturn rests in part on just how long a post-pandemic irregularity can continue: labor hoarding. Even with interest rates at the highest level in more than two decades and signs of a cooling economy, businesses scarred by pandemic-era worker shortages have largely avoided layoffs. Instead, they’ve pulled back […]
