The measure now awaits the president’s signature. On Thursday, the House of Representatives passed legislation to support the production of semiconductors, increase employment in that industry, and technologically…
Read MoreEmployment
Administration Seeks to Redefine Recession
Senator Wicker says that changing the definition doesn’t change the pain. On Thursday, the U.S. Department of Commerce will release its second-quarter gross domestic product (GDP) reading, a…
Read More
Unemployment Claims Reach Eight-Month High
Federal Reserve rate hikes may be causing the labor market to slow down. The number of new applications for unemployment benefits increased by 7,000 last week to 251,000,…
Read More
President Commends Numbers of Foreign Workers in U.S.
He stated that the migrant surge is “creating work opportunities.” During his meeting with the president of Mexico earlier this week, President Biden touted the “record number” of…
Read More
Latest Jobs Numbers Point to Solid Growth
Numbers ease recession fears for now. U.S. employers added 372,000 jobs to the U.S. economy in June, extending a streak of strong labor market gains, yet the broader…
Read More
DOE Reports Clean Energy Employment Increase
The sector increased by 4% versus 2.8% overall growth. On Tuesday, the Department of Energy (DOE) released the 2022 U.S. Energy and Employment Report (USEER). The report tracks…
Read More
Insufficient Workers Hamper Infrastructure Industry
Funds get allocated but projects hard to get started. Contractors are reporting a lack of workers which is hindering the start of infrastructure projects even as funding for…
Read More
Small Businesses Fall Behind in Hiring
Inflation is taking its toll. Data shows that companies with 50 workers or less have lost employees and face hiring difficulties over three of the past four months. Keeping…
Read More
Unemployment Claims Higher Than Estimated
Highest level since January. The Labor Department reported that unemployment claims for the week ending on June 4 reached 229,000, increasing by 27,000 from the last period. The number,…
Read More
President Responds to Strong Jobs Report for May
He says the U.S. can address inflation from a “position of strength.” On Friday, President Biden praised the May jobs report as evidence of the economy’s underlying strength.…
Read More