The U.S. economy roared ahead over the summer, delivering a better-than-expected growth report just days before the midterm elections. Gross domestic product expanded at an annualized rate of 3.4% from July through September, accelerating from 2.2% in the previous quarter, according to Commerce…
WASHINGTON, Oct 29 (Reuters) – The number of Americans filing new claims for unemployment benefits hovered near 57-year lows last week amid labor market resilience. Initial claims for state unemployment benefits fell 1,000 to a seasonally adjusted 194,000 for the week ended October 24, the…
PRETORIA, Oct 29 (Reuters) – South Africa’s economy was estimated to be 4.9% larger than previously reported after a benchmarking and rebasing exercise, the statistics agency said on Thursday. • Statistics South Africa said the exercise raised the size of the economy in 2022 to…
The United States manufacturing industry is creating jobs, but not for blue-collar workers lacking a college education. US factories have netted new jobs since December, The Wall Street Journal reported. Factory supervisory, management and office staff have grown so far…
By Vallari Srivastava and Katha Kalia Oct 26 (Reuters) – ConocoPhillips has informed its staff of a reduction to its workforce in Canada, a spokesperson for the oil and gas producer said on Monday. The reduction includes employees and contractors and is…
The economy expanded faster in September, according to a key growth barometer. The Federal Reserve Bank of Chicago’s national activity index climbed to 0.07 in September, from minus 0.08 in August. Readings above zero indicate that the U.S. economy is expanding above…
Traffic to the top job search websites, like Indeed and ZipRecruiter, has surged by tens of millions of visits year-over-year in the United States as many American job seekers are finding it increasingly difficult to secure employment in a labor…
The Big Apple’s private sector lost more than 30,000 jobs in the last two months alone — in what the city comptroller called a “concerning” downward trend. Private-sector employment dropped by 23,000 in September after losing 7,400 jobs in August — with gigs in finance…
Weekly U.S. jobless claims fell to the verge of a 57-year low last week, the Labor Department reported Thursday – and economists are crediting the Trump Administration’s enforcement of federal immigration laws. Compared to the previous week, new claims filed for unemployment…
The continent’s youth could be a huge asset but what they need is secure, well-paid work, according to the African Center for Economic Transformation. Africa’s job market fails to provide decent work for youth, think tank says Africa’s young population…
The monthly jobs reports, unemployment and weekly jobless claims: how many Americans are working and how the labor market is holding up.
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