Jobless Claims Jump to 861,000, Much Worse Than Expected
New weekly jobless claims unexpectedly rose by 13,000 to 861,000 in the week that ended February 13, the Department of Labor said Thursday.
New weekly jobless claims unexpectedly rose by 13,000 to 861,000 in the week that ended February 13, the Department of Labor said Thursday.
President Joe Biden’s administration is suggesting that foreign workers have a right to compete for jobs in the United States labor market against jobless Americans.
President Joe Biden recommitted on Tuesday that he wants to pass an amnesty for 11 to 22 million illegal aliens living in the United States even as more than 17 million Americans remain jobless.
A review of the economic literature published in academic journals over the past few decades shows that most studies find minimum wage hikes eliminate jobs.
The total number of people receiving unemployment benefits rose to 20.4 million in the week ended January 23.
New claims for unemployment benefits fells slightly last week to 793,000, a decline of 19,000 from the prior week’s upwardly revised figure.
Apparently, President Joe Biden thinks of immigration like he does stimulus money – a freebie for a favored constituency.
A group of Senate Republicans, led by Sen. Chuck Grassley (R-IA), have reintroduced legislation that would mandate E-Verify, the program designed to protect the United States workforce by banning employers from illegal hiring.
In a speech in New York Wednesday, Fed chair Jerome Powell downplayed the risks of inflation and urged lawmakers to embrace higher spending to restore the labor market.
The labor market may have ended the year in slightly better shape than thought. The number of job openings climbed in December to 6.6 million, up from 6.5 million in November. Economists had forecast a decline to 6.4 million jobs.
Fed survey picks up confusing signals about the direction of the economy.
Millions of Americans are projected to remain jobless for the next three to four years, according to the Congressional Budget Office (CBO), though President Joe Biden is looking to fill American jobs with foreign workers.
A major setback at the start of an administration that claims to be focused on racial inequality
Millions of Americans remain jobless, but all want full-time jobs, even as President Joe Biden’s administration seeks to flood to United States labor market with foreign competition via more legal immigration and an amnesty for millions of illegal aliens.
An economic S.O.S. from the labor market.
Economists had expected a smaller dip.
About 100 House Democrats are urging House Speaker Nancy Pelosi (D-CA) to include an amnesty for certain subgroups of illegal aliens in a relief package for Americans impacted by the Chinese coronavirus crisis.
Just as Joe Biden started his new job as president, he ended the jobs of thousands of workers connected to the canceled Keystone XL Pipeline.
Michigan suffered the worst job losses in the country in December as Gov. Gretchen Whitmer’s (D) latest lockdown stretched well past the announced three-week phase.
The general manager of the Keystone XL pipeline said “hundreds” of workers have already been laid off after President Biden axed the project.
The Swedish municipality of Strömstad has seen a 700 per cent rise in unemployment due to travel restrictions implemented after the start of the Chinese coronavirus pandemic.
Chamber of Commerce CEO Tom Donohue says the business group “will work cooperatively” with President-elect Joe Biden to expand legal immigration levels to the United States in order to fill American jobs with foreign workers as 18 million Americans remain jobless.
Economists had forecast an addition of 50,000 jobs and a slight rise in the unemployment rate to 6.8 percent.
President Trump has extended an executive order to prioritize unemployed Americans for jobs in the United States rather than allowing businesses to import foreign visa workers.
President Trump is considering extending an executive order that has reduced foreign labor market competition against Americans while the nation faces a mass unemployment crisis as a result of local and statewide economic lockdowns.
President Donald Trump declined to sign the coronavirus relief and stimulus bill on Saturday evening as he pushed for higher stimulus payments of $2000 rather than $600, meaning millions of Americans would exhaust their unemployment benefits.
President Donald Trump on Saturday demanded Congress deliver better aid to Americans suffering from the coronavirus pandemic as he rejected the bloated relief bill passed before Christmas.
Swedish Professor of Economics Mats Hammarstedt has rejected claims that mass migration can be economically beneficial over the long term, citing problems of integration.
A spending bill, labeled as a relief package for Americans during the Chinese coronavirus crisis, will allow federal bureaucrats to import more foreign workers to take blue-collar jobs in the United States – even as 17.8 million Americans remain jobless.
After bailing out the nation’s biggest banks, Congress is now hesitant on whether to provide Americans with a second round of stimulus checks as 24.5 million remain jobless or underemployed, Sen. Josh Hawley (R-MO) said in a speech on Friday.
More bad news for the labor market.
Swedish Moderate Party MP Hanif Bali has claimed that of 7,000 Afghan “high school amnesty” migrants in Sweden, just 68 have full-time work.
Sen. Josh Hawley (R-MO) has introduced legislation to deliver a second round of $1,200 stimulus checks to American citizens as mass unemployment continues due to the Chinese coronavirus crisis.
Economists had forecast 724,000.
Amazon, owned by billionaire Jeff Bezos, is praising a President Bill Clinton-appointed federal judge’s decision that requires President Trump’s administration to give two-year work permits to illegal aliens enrolled in the Deferred Action for Childhood Arrivals (DACA) program.
Less than half of what economists had forecast.
Tucker Carlson of the Fox News Channel says Senate Republicans are attempting to pack foreign workers into high-paying U.S. jobs while nearly 18 million Americans are jobless.
Jobless claims fell by 75,000 in the holiday week, breaking the two week long streak of rising claims.
The United Kingdom’s economic emergency is “just beginning”, according to Chancellor of the Exchequer Rishi Sunak, who predicted that unemployment will rise by over one million in the coming months.
Worse than expected.