The Bureau of Labor Statistics reported Tuesday that the hiring rate fell to 3.1% in February, with just 4.8 million new hires, the lowest since April 2020. Job openings fell to 6.9 million, down 358,000 from January. The unemployment rate was lower at 1.9%, while the unemployment rate remained at 1.1%, and the number of … Read more
In February, the US economy lost 92,000 jobs. Unemployment rose to 4.4%. Economists expected moderate growth. Instead, job losses were concentrated in construction, manufacturing, restaurants, administrative services and health care. But a serious crisis is not a bad month. It’s a structural change that’s been in the works for years. The workforce is shrinking – … Read more
Almost two in five people of working age somewhere in the UK claim unemployment benefits, making it the country’s unemployment capital. Overall, more than 38 percent of the population aged 18 to 65 currently receives government assistance. The figures highlight a stark divide in employment opportunities, with thousands relying on benefits among the few. The … Read more