Jobless

Worker filings for unemployment benefits held nearly steady last week and remained historically low, a sign of continued tightness in the labor market. Initial jobless claims, a proxy for layoffs, decreased by 1,000 to a seasonally adjusted 194,000 last week, the Labor Department said Thursday. Weekly claims have remained below the 2019 prepandemic average of about 220,000 since the start of the year. The four week moving average of weekly claims, which smooths out…

The top programming languages that could leave you jobless in 2023 are dying as technology evolves The use of programming languages is continuing to develop in both industry and research areas with the rapid advancement of technology. Various programming languages exist today, each with its own set of languages, syntaxes, and features that allow programmers and developers to progress in the creation of several cutting-edge technological approaches and devices. The rapid development of the internet and the surrounding…

The labor market broadly improved across the U.S. last year, with every state adding jobs in 2022, but the pace of gains varied widely.  The national unemployment rate fell to a seasonally adjusted 3.5% in December, matching the lowest reading in a half century. Some states had significantly lower rates. Utah had the nation’s lowest rate at 2.2% last month, according to the Labor Department. Other states’ rates were much higher, led by Nevada’s at 5.2%.…

Jobless claims declined last week, suggesting the labor market remained tight at the start of the year. Initial jobless claims, a proxy for layoffs, fell by 6,000 to a seasonally adjusted 186,000, the Labor Department said Thursday. Claims are up from lows reached early in 2022, but have remained near prepandemic levels. The four-week moving average of weekly claims, which smooths out volatility, was 197,500, a decrease of 9,250 from the prior week. In 2019, claims averaged…

Jobless claims declined last week to the lowest level since September, suggesting the labor market remained tight at the start of the year. Initial jobless claims, a proxy for layoffs, fell by 15,000 to a seasonally adjusted 190,000 last week, the Labor Department said Thursday. Claims are up from lows reached early in 2022, but continue to hover near prepandemic levels when the job market was also tight. The four-week moving average of weekly claims, which smooths out…

Applications for unemployment insurance fell slightly in the first week of 2023, reflecting a still-tight labor market. Initial jobless claims, a proxy for layoffs, fell by 1,000 to a seasonally adjusted 205,000 last week, the Labor Department said Thursday. Claims had trended higher since touching near record lows early in 2022, but continue to hover near prepandemic levels.  Seasonally adjusted jobless claims numbers tend to fluctuate during holiday periods. The most…

We have had a grim run this year, particularly in the Nasdaq Composite , and Thursday and Friday may be your last days to be able to offset the wins you may have taken already. I think there have been plenty of gains taken this year simply because the Federal Reserve has given us a 4.3% yield on the 2-year Treasury, meaning risk-free gains over the next couple of years. I watch the 2-year Treasury like a hawk and it is signaling that the Fed will be done raising rates at about 4.25%. Still higher, but not insanely higher.…

Filings for U.S. unemployment benefits rose only modestly last week and held near prepandemic levels, suggesting the labor market remains historically tight. Initial jobless claims, a proxy for layoffs, increased by 9,000 to a seasonally adjusted 225,000 last week, the Labor Department said Thursday. Average weekly claims this year through mid-December were slightly lower than the 2019 average of 218,000, when the labor market also was historically strong. Claims are up from…

Artificial Intelligence, AI is making films in Hollywood! Yes, Hollywood is AI obsessed and humans are replaced with AI thus making them jobless. Hollywood, which is at the forefront of the motion picture industry, has recently experimented with machine learning and artificial intelligence (AI) using them as filmmaking tools. To improve and hasten the production of movies, Hollywood employs artificial intelligence in a variety of methods. In Hollywood, humans are being replaced with AI. Controlling the process of…

U.S. unemployment filings rose last week, but remain at historically low levels. Initial jobless claims, a proxy for layoffs, increased by 2,000 to a seasonally adjusted 216,000 in the week ended Dec. 17, the Labor Department said Thursday. Claims have risen from the spring but remain low, suggesting that employers are holding on to workers despite concerns about an economic slowdown. Last week’s claims number was below the 2019 weekly average of 218,000, when the labor…