Unemployment
People leave New Zealand in record numbers as economy bites
Auckland, New Zealand. Scott E Barbour | The Image Bank | Getty Images People are leaving New Zealand in record numbers as unemployment rises, interest rates remain high and economic growth is anemic, government statistics show. Data released by Statistics New Zealand on Tuesday showed that 131,200 people departed New Zealand in the year ended […]
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The unemployment insurance program is unprepared for a recession, experts say
Key Points The U.S. unemployment rate has drifted upward over the past year, fueling recession concerns. The unemployment insurance program buckled during the Covid-19 pandemic under a deluge of claims. Experts say the system for unemployment benefits is ill-equipped to handle the next economic downturn. Source
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Weekly jobless claims fall to 233,000, less than expected, in a positive sign for labor market
Initial claims for unemployment insurance totaled less than expected last week, countering other signs that the labor market is weakening. First-time filings for jobless benefits came to a seasonally adjusted 233,000 for the week, a decline of 17,000 from the previous week’s upwardly revised level and lower than the Dow Jones estimate for 240,000, the […]
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CNBC Daily Open: Dow sheds 1,000 points, Japan stocks rebound
A trader works on the floor of the New York Stock Exchange. NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to […]
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CNBC Daily Open: Dow sheds 1,000 points
A trader works on the floor of the New York Stock Exchange (NYSE) ahead of the closing bell in New York City on August 5, 2024. Charly Triballeau | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything […]
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Job growth totals 114,000 in July, much less than expected, as unemployment rate rises to 4.3%
Job growth in the U.S. slowed much more than expected during July and the unemployment rate ticked higher, the Labor Department reported Friday. Nonfarm payrolls grew by just 114,000 for the month, down from the downwardly revised 179,000 in June and below the Dow Jones estimate for 185,000. The unemployment rate edged higher to 4.3%, […]
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Daily Open: U.S. stocks fall; 10-year Treasury yield drops below 4%; Apple beats Street while Amazon falters
A trader works during the closing bell at the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. Johannes Eisele | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they […]
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Job seekers are sour on the cooling labor market
Key Points Job seekers are feeling less confident about their ability to land a new gig. The labor market has cooled from a red-hot pace in 2021 and 2022. The unemployment rate has increased and businesses aren’t hiring as readily. While data suggest the labor market remains strong, further cooling could be troublesome, economists said. […]
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Here’s why you may get a smaller pay raise next year
Key Points The typical worker will get a 4.1% annual raise for 2025, down from 4.5%, according to a WTW survey. That growth is still high relative to the recent past. Company pay increases are largely dictated by supply-and-demand dynamics in the labor market. The job market has cooled from a scorching level in 2021 […]
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U.S. financial system extra 206,000 employment in June, unemployment fee rises to 4.1%
The U.S. economic system once again added somewhat far more work opportunities than predicted in June though the unemployment rate amplified, the Labor Office noted Friday. Nonfarm payrolls greater by 206,000 for the thirty day period, much better than the 200,000 Dow Jones forecast however considerably less than the downwardly revised attain of 218,000 in […]
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