Americans applied for fewer unemployment benefits at the end of 2019, the Labor Department announced Thursday. The number dropped by 2,000 to 222,000 in the seven days up until December 28, although the four-week average ticked up by 4,750 to 233,250.
The report beat expectations that had predicted 225,000 new claims, according to Reuters. The result marks the third consecutive weekly decline.
“I think we’re definitely going to see slightly smaller growth month by month than what we saw in 2019 and that’s consistent with economists expectations’ of the macroeconomy weakening slightly,” in the labor market, Beth Akers, Manhattan Institute senior fellow, told Cheddar.
She will be keeping an eye on manufacturing trends and changes in policy regarding trade for indications about how job numbers will grow (or shrink) in 2020.
“If you’re looking to something to be concerned about, you can look at the four-week moving average, which is up from what it’s been over the course of the year,” Akers said. “But, by and large, these are really strong, positive numbers for the labor market.”
Electric car maker Tesla is recalling certain Model 3s because a coaxial cable for its backup camera can become worn and fail to transmit to the driver’s main console.
Carlo and Baker cover the news on the Ghislaine Maxwell verdict, the ongoing COVID-19 closures, and the decade-long divorce proceeding of Schwarzenegger and Shriver.
After the tremendous progress cannabis reform made during the 2020 election, 2021 had a lot to live up to — and it did.
A late slide pulled major indexes into the red on Wall Street Thursday, leaving the S&P 500 and the Dow Jones Industrial Average slightly below the record highs they set a day earlier.
U.S. home prices surged again in October as the housing market continues to boom in the wake of last year’s coronavirus recession
Riot Games, the publisher behind esports giant “League of Legends,” agreed to pay $100 million to settle a class-action lawsuit alleging pay disparity, gender discrimination and sexual harassment.
Stocks closed mixed on Wall Street Tuesday, leaving the S&P 500 just shy of its latest record high set a day earlier.
U.S. health officials are cutting isolation restrictions for Americans who test positive for the coronavirus and shortening the time that close contacts have to quarantine.
New Year celebrations are approaching and across the world there is an urge to party. But the desire to let loose is being countered by the highly transmissible omicron variant.
Stocks made steady gains on Wall Street Monday, enough to mark another record high for the S&P 500 index.
