A networking and hiring event for professionals of color in Minneapolis. Michael Siluk Getty Images The unemployment rate for black Americans fell in April, bucking the general trend, according to data released Friday by the Labor Department. Black Americans remain the ethnic group with the highest unemployment rate in the U.S., even after the group’s…
The American labor market could shift into lower gear this spring, a turnaround that economists have been anticipating for months following a strong recovery from the pandemic shock. As the Labor Department reported on Friday, employers added 175,000 jobs in April, falling short of forecasts. The unemployment rate rose to 3.9 percent. A slower expansion,…
People walk through the newly opened Grand Central Madison station in Manhattan on February 27, 2023 in New York City. Spencer Platt | Getty Images The strong labor market has been bolstered post-pandemic by the strength of America’s immigrant workforce. And as Americans increasingly leave the workforce and birth rates remain low, economists and the…
The red-hot job market cooled somewhat in March, government data showed on Wednesday. According to the Labor Department, employers had 8.5 million unfilled jobs as of the last day of March, the fewest since the start of 2021. They also filled the fewest positions in nearly four years, suggesting that employers’ seemingly insatiable demand for…
A Turkish national flag (left) and a flag with the portrait of Kemal Ataturk, the founder of the modern Turkish republic, hang on the outside of a building in the Sisli district of Istanbul, Turkey, on Monday, August 29, 2022. Bloomberg | Bloomberg | Getty Images Inflation in Turkey accelerated to an annual rate of…
Scott Kidd didn’t expect a particularly busy job when he became city manager of Liberty, North Carolina, a former furniture and textile center whose rhythm more recently has centered around an annual antiques festival. Those quiet times less than three years ago soon turned into a whirlwind. Toyota announced plans to build a battery factory…
A job seeker takes a flyer at a job fair at Brunswick Community College in Bolivia, North Carolina, April 11, 2024. Allison Joyce | Bloomberg | Getty Images Hiring is likely to continue quickly in April as investors look for gaps in the labor market that could influence the Federal Reserve. According to the Dow…
The Federal Reserve spent much of 2022 and 2023 focusing narrowly on inflation while policymakers set interest rates: prices rose far too quickly, making them the central bank’s top priority. But now that inflation has cooled, officials are again more clearly incorporating the labor market into their decisions. A possible challenge? It is very difficult…
People walk in the rain across London Bridge in central London. Picture date: Tuesday March 12, 2024. Lucy North – Pa Pictures | Pa Pictures | Getty Images Britain’s “sluggish” growth prospects are on track to be the worst-performing economy of any developed nation next year, according to new forecasts from the Organization for Economic…
Federal Reserve officials left interest rates unchanged and signaled they were mindful of how stubborn inflation would prove, paving the way for a prolonged period of high borrowing costs. The Fed kept interest rates steady at 5.3 percent on Wednesday, leaving them at their highest level in more than two decades, where they have been…
