Fed Offers No Hints of 2025 Rate Cuts Amid New Recession Anxiety
With the unemployment rate ticking higher for three months in a row, some economists have raised concerns that the Fed should cut rates more quickly later this year.
December Brought Mass. Close to Pre-Pandemic Employment
Massachusetts employers added a modest 6,300 jobs in December as the statewide unemployment rate ticked downward once again, remaining below the national level, labor officials announced Friday.
Mass. Nearly Back to Pre-Pandemic Job Levels
Massachusetts employers added 17,300 jobs in November, labor officials announced Friday, putting the state within striking distance of returning to a pre-pandemic level of employment.
Hiring Solid Even as Data Shows Economy Shrank in Q2
The number of Americans filing for jobless benefits dropped last week, a sign that few companies are cutting jobs despite high inflation and a weak economy.
Strong Jobs Numbers Likely to Encourage More Fed Rate Hikes
Defying anxiety about a possible recession and raging inflation, America’s employers added a stunning 528,000 jobs last month, restoring all the jobs lost in the coronavirus recession.
Mass. Jobless Rate Ticks Down, But Picture Fuzzy
The statewide unemployment rate dropped to 3.7 percent in June, while employers added 3,400 jobs following a significant downward revision to the May figure, labor officials announced Friday.
US Jobless Claims Rise to 419K from a Pandemic Low
The number of Americans seeking unemployment benefits rose last week from the lowest point of the pandemic, even as the job market appears to be rebounding on the strength of a reopened economy.
Pace of Mass. Job Gains Continued to Slow During May
Massachusetts employers added 9,200 jobs in May and the statewide unemployment rate fell 0.3 percentage points to 6.1 percent, labor officials announced Friday.
US Jobless Claims Drop to 385,000, Another Pandemic Low
The number of Americans seeking unemployment benefits fell last week for a fifth straight week to a new pandemic low, the latest evidence that the U.S. job market is regaining its health as the economy further reopens.
Fitch: Mass. Jobless Picture Worse Than It Appears
There is more to the Massachusetts labor market than meets the eye, analysts at Fitch Ratings said this week.
US Jobless Claims Rise to 885,000 Amid Resurgence of Virus
The number of Americans applying for unemployment benefits rose again last week to 885,000, the highest weekly total since September, as a resurgence of coronavirus cases threatens the economy’s recovery from its springtime collapse.
Long-Term Jobless Caught in Squeeze that Imperils Recovery
Recent trends have raised the specter of a period of widespread long-term unemployment that could turn the viral recession into a more painful, extended downturn as job skills erode and financial lives get upended by long-term unemployment.
Mass. Jobless Rate Tumbles to 11.3 Percent
Massachusetts employers added 51,600 jobs in August as the statewide unemployment rate dropped nearly 5 percentage points, bucking a two-month trend of the Bay State bearing the highest jobless rate in the country.
$300 in Extra Jobless Aid Running Out Even as More Seek Help
The nation’s unemployment safety net is looking increasingly shaky, with a $300-a-week federal jobless benefit from the Trump administration running out just weeks after it began and millions of laid-off Americans nearing an end to their state unemployment aid.
White House, Senate GOP Try Again on New Virus Relief Bill
Suggesting a narrower pandemic relief package may be all that’s possible, the White House still pushed ahead with Monday’s planned rollout of the Senate Republicans’ $1 trillion effort as House Speaker Nancy Pelosi assailed the GOP “disarray” as time-wasting during the crisis.
Mass. Unemployment Rate Now Nation’s Highest
Massachusetts set two labor statistics records in June when employers added 83,700 jobs, the biggest monthly gain ever, and the unemployment rate soared to a nation’s highest 17.4 percent.
Mass. Jobless Claims Still High Despite Third Phase of Reopening
New unemployment claims remained at inflated levels last week, even as the weekly applications continued a gradual deceleration both nationally and statewide from historic rates of growth.
Job Market’s Modest Improvement May Be Stalling
The number of laid-off workers seeking unemployment aid in Massachusetts and nation-wide barely fell last week, and the reopening of small businesses has leveled off – evidence that the job market’s gains may have stalled just as a surge in coronavirus cases is endangering an economic recovery.
41M Have Lost Jobs Since Virus Hit, but Layoffs Slow
Massachusetts saw the lowest weekly decline in first-time jobless claims in weeks of steadily dropping figures, with 37,740 claims filed for the week ending May 23
Another 139K File for Unemployment in Mass., Nation Hits Jobless Record
Massachusetts’ jobless numbers jumped by another 139,582 workers last week, according to information released Thursday morning by the federal Department of Labor.
