Latest Employment figures News

Senate confirms Powell for 2nd term as Fed fights inflation

May. 12, 2022 18:23 PM EDT

WASHINGTON (AP) — The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Powell's high-stakes efforts to curb the highest inflation in four decades. The 80-19 vote reflected broad support in Congress for the...

Slightly more Americans seek jobless aid last week

May. 12, 2022 08:56 AM EDT

WASHINGTON (AP) — The number of Americans applying for jobless aid ticked up slightly last week but the total number of Americans collecting benefits remained at its lowest level in more than five decades. Applications for unemployment benefits rose by 1,000 to 203,000 for the week...

Kentucky to establish mobile unemployment insurance office

May. 12, 2022 04:02 AM EDT

FRANKFORT, Ky. (AP) — Kentucky will use federal funding to establish a mobile unemployment insurance office to make the program more accessible, officials said. The agency will have the ability to send the mobile office to underserved communities where it can help residents with...

China fights economic slump, sticks to costly 'zero COVID'

May. 12, 2022 00:54 AM EDT

BEIJING (AP) — China’s leaders are struggling to reverse an economic slump without giving up anti-virus tactics that shut down Shanghai and other cities, adding to challenges for President Xi Jinping as he tries to extend his time in power. The ruling Communist Party has declared...

Editorial Roundup: United States

May. 10, 2022 10:37 AM EDT

Excerpts from recent editorials in the United States and abroad: May 7 The Washington Post says Jan. 6 should have been a turning point in US politics A third member of the extremist Oath Keepers group pleaded guilty Wednesday to seditious conspiracy,...

New South Korea leader offers support if North denuclearizes

May. 10, 2022 06:31 AM EDT

SEOUL, South Korea (AP) — Yoon Suk Yeol, a conservative political neophyte, took office Tuesday as South Korea’s new president with a vow to pursue a negotiated settlement of North Korea’s threatening nuclear program and an offer of “an audacious plan” to improve its economy if it...

EXPLAINER: Recession fears grow. But how high is the risk?

May. 09, 2022 13:13 PM EDT

WASHINGTON (AP) — Inflation is at a 40-year high. Stock prices are sinking. The Federal Reserve is making borrowing much costlier. And the economy actually shrank in the first three months of this year. Is the United States at risk of enduring another recession, just two years...

Occidental Petroleum earns, consumer prices, jobless claims

May. 09, 2022 00:11 AM EDT

A look at some of the key business events and economic indicators upcoming this week: PUMPED UP Occidental Petroleum reports its first-quarter results Tuesday. Wall Street expects the oil and gas company returned to a profit in the January-March period...

Stocks end rocky week with their 5th straight weekly decline

May. 06, 2022 16:48 PM EDT

NEW YORK (AP) — A turbulent week on Wall Street ended Friday with more losses and the stock market's fifth straight weekly decline. The latest pullback came as investors balanced a strong U.S. jobs report against worries the Federal Reserve may cause a recession in its drive to...

New VEC issue sent applicants incorrect overpayment notices

May. 06, 2022 16:38 PM EDT

RICHMOND, Va. (AP) — A data error triggered during the Virginia Employment Commission's long-delayed transition to a new IT system late last year has resulted in thousands of applicants erroneously being told they were overpaid, the agency confirmed this week. The VEC intends to...