The rise in U.S. unemployment claims to a four-year high casts a shadow over President Trump's economic policies. With job growth stagnating and fewer jobs created, the future looks bleak for the labor market.
Applications for US unemployment benefits soared to a four-year high, signaling potential layoffs as hiring slows. Initial claims rose by 27,000, reaching 263,000 last week, the highest since October 2021.
August's inflation rate jumped unexpectedly, challenging the Federal Reserve's strategies as jobless claims rise. What does this mean for interest rates and the economy? Find out!
A U.S. appeals court has ruled that 18 federal agencies can fire thousands of probationary workers reinstated after a previous court decision. This ruling could lead to a significant rise in unemployment claims amidst ongoing legal battles.
In a stunning legal reversal, the Trump administration must rehire nearly 25,000 federal workers after judges deemed their terminations illegal. This move could reshape the federal workforce and impact unemployment claims.
In a surprising turn, the Trump administration has admitted to firing nearly 25,000 workers, with a judge ruling these actions likely illegal. Agencies scramble to reinstate employees amid ongoing legal challenges.
