Unemployment

Leading cryptocurrencies bounced back, while stocks fell on Tuesday, as the U.S. unemployment rate hit levels not seen since September 2021. Cryptocurrency Gains +/- Price (Recorded at 8:20 p.m. ET) Bitcoin (CRYPTO: BTC) +1.71% $87,615.03 Ethereum (CRYPTO: ETH)    ...

If the Federal Reserve needed any encouragement toward easing, the latest ADP numbers are pushing in that direction. Instead of modest job gains, private employers shed 32,000 positions in November, with pay growth cooling to 4.4% year over year. "Hiring has been choppy of late as employers weather...

Job market pessimism among Americans has reached alarming levels, with a dramatic surge in fears about unemployment and job security in recent weeks. Unemployment Fears Have ‘Never Been This Elevated’ On Tuesday, in a post on X, The Kobeissi Letter said, “71% of US consumers...

The U.S. tech labor market has been trending downward for some time now. After a hiring spree post-pandemic, 2022 and 2023 saw cutbacks across major firms—and even as tech stocks rebounded on AI dreams, employment never really followed. AI companies are burning through billions like it’s...

The Federal Reserve is expected to cut rates on Wednesday at the Federal Open Market Committee meeting for September. This would mark the first cut since December 2024 and would come with stock market indexes at all-time highs. Read Also: Trump’s Billionaire Backer Turns Critic — Ken Griffin...

Voter confidence in President Donald Trump dropped after the latest jobs report, as a slowing labor market comes amid record highs for the stock market. What Happened: A new poll shows Trump’s approval rating as one of the lowest since he took office in January for a second presidential term...

Six months into his second term, President Donald Trump‘s handling of the economy is under the microscope, and survey results indicate that voters are dissatisfied. Despite a decrease in hiring and a contracted GDP in the first quarter of 2025, Trump has praised the US for having the world...

As the minutes of the Federal Reserve’s June meeting were released on Wednesday, the word “uncertainty” reigned supreme amid the ongoing tariff turmoil and President Donald Trump‘s call to cut rates by 3 percentage points. What Happened: The words “uncertain” and...

Experts have been debating the artificial intelligence-driven impact on employment with contradicting views. While market veteran like Jim Cramer thinks that “AI is still not trusted,” others see trouble brewing in the labor market due to the automation of several human-led jobs. What...

As artificial intelligence (AI) accelerates job displacement, economist Craig Shapiro warns that the Federal Reserve's traditional tool of interest rate cuts is ill-equipped to address the looming labor crisis. What Happened: In an X post and a detailed Substack essay published today, Shapiro...

A growing chorus of economists is sounding the alarm that stagflation — a toxic mix of sluggish growth, rising unemployment, and persistent inflation — is no longer a distant threat but the most probable path for the U.S. economy. Reacting to the May Federal Open Market Committee meeting and Chair...

Financial markets are currently pricing in a significant and rapid cycle of interest rate cuts by the Federal Reserve starting as early as July, according to the CME data. However, this expectation stands in stark contrast with the prevailing short-term rate market data, which suggests a different...

Experts are predicting that President Donald Trump‘s trade policy could lead to significant supply chain disruptions, resulting in increased product prices and potential shortages in the coming weeks. What Happened: Supply chain researchers, shipping insiders, and logistics specialists...

Economist Craig Shapiro has said that the Federal Reserve has been “gaslighting the public,” after the President of the Federal Reserve Bank of Richmond, Tom Barkin said Thursday that inflation is not “de-anchored”. What Happened: Barkin, while speaking to the reporters...

Editor’s note: This story has been updated with additional details. U.S. employment growth lost steam in January, with job growth coming in well below expectations and marking a significant slowdown from the previous month. Nonfarm payrolls rose by 143,000 in January 2025, marking a sharp...