Teens hoping for employment this summer aren’t likely to find the job market much better than last year, when teenage job seekers experienced the weakest seasonal market in decades.
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Two sets of labor statistics data, released this week, point to a divergence between the job-openings rate and the total number of employees on nonfarm payrolls. And that divergence may well serve as a leading indicator for the…
Amid some promising signs — which are turning the heads of even some bears — structural unemployment continues to be painful as the ranks of the long-term jobless keep swelling. This is a distinction that should be far more c…
America’s labor market got more good news with word of a 24,000 drop, to 435,000, in weekly jobless claims. A Bloomberg survey had expected a total of 450,000. In perhaps better news, the four-week moving average sank another 1…
America’s bedraggled labor market got a boost today with the latest weekly initial jobless claims unexpectedly plunging 21,000 to 434,000. The four-week moving average also fell. While it’s only one week’s data, the report is a…