Unemployment Archives

Falling Labor Participation Rate ‘Really Troubling’ for Economy, Experts Warn

America’s low labor participation rate has become a problem for the U.S. economy, experts are warning. A large number of American workers have failed to return to work since the Covid pandemic. Economists are saying that an unprecedented drop in labor participation across the country has become widely noticeable. Health…

Twitter’s Janitors Call Strike, Elon Musk Fires Them All & Cancels Contract

Twitter's janitors called a strike outside the company's headquarters, causing new boss Elon Musk to fire them all and cancel their contract. The janitors were protesting outside the HQ in San Francisco, California after 20 of their colleagues were fired during the company's recent major workforce culls. However, when the…

Feds ‘Added’ 1.3 Million Jobs by Double-Counting This Year, Top Economist Says

The U.S. federal government has produced higher than expected jobs numbers by double-counting figures this year, a top economist has stated. Throughout this year, the monthly jobs reports have been repeatedly topping market estimates. The July and August non-farm payrolls (NFP) reports showed 528,000 and 315,000 new jobs, respectively. The…

Fed May Require 7.5 Percent Unemployment to Lower Inflation

The U.S. Federal Reserve may require the American unemployment rate to rise to almost double its current level in order to control high inflation, a new report has suggested. According to a team of researchers from the International Monetary Fund (IMF), huge job losses may be necessary to bring inflation…