#unemployment

PBS NewsHour - The Latest | Weekly U.S. jobless claims fall to 189,000, lowest in more than five decades by Matt Ott, Associated Press AI generated summary, Read the full article for complete information. In the week ending April 25, U.S. jobless‑benefit applications dropped by 26,000 to 189,000— the fewest new claims since September 1969 and the lowest level in more than five decades—defying analysts’ expectations of about 214,000. The Labor Department said the four‑week moving average fell to 207,500, while total weekly filers slipped to 1.79 million. Despite this positive signal, the labor market remains strained: core inflation surged, driven in part by higher gas prices as the Iran‑U.S. conflict pushes crude to around $104 a barrel; the Federal Reserve kept rates steady amid Middle‑East uncertainty, and employers added fewer than 200,000 jobs last year after a sharp slowdown following pandemic‑era expansions. Economists warn that elevated energy and material costs, together with AI‑driven hiring caution and lingering tariff impacts, could later revive layoffs even as the unemployment rate stays near historic lows. Read more: https://www.pbs.org/newshour/economy/weekly-u-s-jobless-claims-fall-to-189000-lowest-in-more-than-five-decades #FederalReserve #MorganStanley #jobs #layoffs #unemployment

I should start fentslouching in public places and suddenly lunge at strangers. That seems fun #unemployment

Amazon accidentally announces further 16,000 layoffs in AI pivot A misfired internal email was the first time many employees found out about a second round of job cuts in just six months. https://www.abc.net.au/news/2026-01-29/amazon-accidentally-announces-layoffs/106280800 #BusinessEconomicsandFinance #ScienceandTechnology #ComputerScience #Work #CompanyNews #InformationTechnologyIndustry #Industry #Unemployment