Unemployment news and trends

Job Openings Drop to Lowest Level Since Early 2021
Economy // October 29, 2024

The number of job openings in the United States declined to 7.4 million in September, down from 7.9 million in August and 9.3 million in September 2023. The Bureau of Labor Statistics (BLS) released these figures Tuesday (Oct. 29) in a press release and table...

Insured Unemployment Reaches Highest Level in 3 Years
Economy // October 24, 2024

The number of initial claims for unemployment insurance dropped, but insured unemployment reached its highest level in about three years, the Department of Labor said in a Thursday (Oct. 24) press release. There were 227,000 initial claims for unemployment insurance during the week ended Saturday...

Food Services and Healthcare Job Gains Ease Employment Concerns for Low-Income Consumers
Economy // October 04, 2024

The United States economy added 254,000 jobs in September, exceeding economists’ expectations and potentially mitigating some recent concerns about job prospects among the paycheck-to-paycheck consumer segment.    The gains in total nonfarm payroll employment also surpassed the average monthly gain over the previous 12 months, which...

US Private Sector Hiring Rebounds After 5-Month Slowdown
Economy // October 02, 2024

America’s private sector added 143,000 jobs in September, rebounding following a five-month slowdown. There was also wage growth, with annual pay rising 4.7% year over year, a slight decline, payroll solutions firm ADP said in a Wednesday (Oct. 2) press release, citing its National Employment...

Interviews & Exclusives
Could Generational Change Be The Next Wild Card For Financial Services?

September 11, 2024
Cultivating a culture of adaptability positions firms to thrive despite economic wild cards, Franklin Madison Chief Financial Officer Preston Porter writes in a new PYMNTS eBook, “Beyond the Horizon: How to Identify Unexpected Threats That Could Impact Your Business.”   Has unpredictability become the new normal? Stock market fluctuations, shifting consumer behavior and rising unemployment […]

All Else Equal, 75% of Millennials Would Favor Jobs Offering Instant Payroll

July 13, 2023
Payroll is one of the most critical functions of any workplace, ensuring that employees are paid on time and in the correct amounts. Delaying these paychecks can have massive detrimental...

Study Shows Digital Engagement of US Consumers Linked to Employment Status

October 03, 2022
A strong labor market is a hallmark of a healthy economy. Consumers who are gainfully employed have more freedom to spend and spree, driving commerce and boosting gross domestic product...

Mastercard: Global Economic Outlook Depends On Multi-Speed Recovery

December 14, 2020
In some ways, there was only one global story that mattered this year. The pandemic was the common element in every economic look back or for that matter, any look...

Quick Reads
Job Openings Drop to Lowest Level Since Early 2021

October 29, 2024
The number of job openings in the United States declined to 7.4 million in September, down from 7.9 million in August and 9.3 million in September 2023. The Bureau of Labor Statistics (BLS) released these figures Tuesday (Oct. 29) in a press release and table about its Job Openings and Labor Turnover Summary (JOLTS). The […]

Insured Unemployment Reaches Highest Level in 3 Years

October 24, 2024
The number of initial claims for unemployment insurance dropped, but insured unemployment reached its highest level in about three years, the Department of Labor said in a Thursday (Oct. 24)...

Food Services and Healthcare Job Gains Ease Employment Concerns for Low-Income Consumers

October 04, 2024
The United States economy added 254,000 jobs in September, exceeding economists’ expectations and potentially mitigating some recent concerns about job prospects among the paycheck-to-paycheck consumer segment.    The gains in total...

US Private Sector Hiring Rebounds After 5-Month Slowdown

October 02, 2024
America’s private sector added 143,000 jobs in September, rebounding following a five-month slowdown. There was also wage growth, with annual pay rising 4.7% year over year, a slight decline, payroll...