U.S. weekly jobless claims less than expected as labor market returns to pre-pandemic self

The Labor Department reported Thursday that initial unemployment insurance claims rose last week but held steady at levels consistent with what the labor market looked like before the Covid-19 pandemic devastated the employment picture in the United States. First-time filings for the week ending November 27 totaled 222,000, less than the 240,000 Wall Street had … Read more

U.S. jobless claims little changed in potential sign that layoffs have hit a plateau

The Labor Department said Thursday that unemployment insurance claims for the first time changed little over the past week, indicating that the increasing pace of layoffs during the pandemic may have reached a steady level. Initial filings for the week ending November 13 totaled 268,000, down 1,000 from last week and slightly above the Dow … Read more

Great Resignation can be an opportunity to transition to a new career

MoMo Productions | Getty Images When the Covid-19 pandemic first broke out last year, Janelle Abrahami quit the job she had been working for less than a year – with nothing else. For many, such a move may seem risky. She said the decision left Abrahamy, who lives in the New York metro area, looking … Read more

Economic growth rate slows to 2% as supply chain issues take toll

The Commerce Department reported Thursday that the U.S. economy grew at a 2% rate in the third quarter, its slowest gain in the pandemic era recovery, as supply chain problems and a marked slowdown in consumer spending hampered expansion. Gross domestic product, which is the sum of all goods and services produced, grew at an … Read more