Stocks up on stronger-than-expected jobs report FOX Business’ Ashley Webster and Susan Li on Friday’s market open. Telling one story about why employers are struggling to hire workers doesn’t come
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Tightening labor market could be a ‘real issue’ for markets, strategist warns
Recent JOLTs data put U.S. job openings in April at a record 9.3 million, but this is running alongside persistent unemployment and subdued hiring rates. The labor shortage has forced
Continue reading »U.S. Jobless Claims Dip Slightly More Than Expected To 385,000
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing a modest decrease in first-time claims for
Continue reading »Lackluster hiring in China as economy struggles to reach full recovery, data shows
Chinese businesses in manufacturing and services laid off more workers than they hired in May, according to Purchasing Managers' Indexes released Monday by the National Bureau of Statistics. The cautious
Continue reading »Wage rises and labor shortage a ‘democratization’ of U.S. workforce, fund manager says
While the U.S. labor force participation rate remains well below pre-pandemic levels, with April's nonfarm payrolls growing by just 266,000 against forecasts of 1 million, workers' wages have risen at
Continue reading »Unemployment tax refunds may be seized for unpaid debt, taxes and student loans
The IRS is sending unemployment tax refunds starting this week. The American Rescue Plan waived federal tax on up to $10,200 of unemployment benefits, per person, collected in 2020. But
Continue reading »Job openings leaped above 8 million in March, a new record high
Job openings surged to a record high in March, with more than 8 million postings. Hiring saw a much smaller increase, indicating a continued problem with matching workers to open
Continue reading »Biden reacts to weak jobs report, says US 'still digging out of an economic collapse,' but on 'right track'
Fox News Flash top headlines for May 7 Fox News Flash top headlines are here. Check out what’s clicking on Foxnews.com. President Biden on Friday said the country is “still
Continue reading »U.S. Jobless Claims Unexpectedly Drop To New One-Year Low
After reporting a sharp pullback in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday unexpectedly showing a continued decline in
Continue reading »U.S. Weekly Jobless Claims Rebound From Lowest Level In A Year
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rebounded
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