Browsing Tag

Unemployment

Random Musing: Technology vs. workers

When we think about outsourcing, we usually think about Call centers in India or manufacturing jobs in China. Well, what about automatic cashiers?I went to the local CVS (Shoppers Drug Mart or Boots for Canadian and British readers) this…

Jobless claims: 432,000, down 12,000

U.S. jobless claims were down 12,000 this week to 430,000. However, the 4-week average increased to 445,750 and is now 125,750 higher than a year ago. Over the past 4 or 5 weeks, claims have spiked up in part due to the extension of…

US jobless claims look grim

US Jobless claims came out again today as they do every Thursday at 8.30AM. The numbers were not good, and give a clear indication of why the Fed will not cut rates in the face of 5.6% inflation. Initial claims came in at 450,000, moving…

Jobless Claims up with a vengeance

A week ago, jobless claims rose to a multi-year high of 448,000 on the back of seasonal adjustments. This week is no different, but there are some telling changes that make this week's numbers more worrisome.First, jobless claims hit a…

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