Massachusetts will have to pay interest costs related to $2.5B unemployment benefit error
State will pay $2.034B to the federal government from the employer-funded unemployment insurance trust fund and $73M in ...
Little to no relief from high borrowing costs expected as Fed Chair Powell heads to the Hill
Steady hiring and a mostly-healthy job market suggest that there is less of an urgent need for the Fed to reduce borrowing ...
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AI-Driven Automation Fuels IT Job Cuts as Companies Embrace Cost Avoidance Strategies
U.S. IT sector unemployment rose by 1.8% from December to January, hitting 5.7%, outpacing the overall U.S. jobless rate of 4%. AI-driven job losses in tech stem from increased spending on AI ...
US jobs report: Employers add 143,000 jobs in January as unemployment rate sits at 4%
Employers added 143,000 jobs in January amid LA wildfires, cold weather and uncertainty over President Trump's trade and ...
Capital Public Radio6d
California's $20 billion unemployment debt is looking like a political hot potato
California's elected officials aren't saying much about how they plan to address festering problems with state unemployment ...
IT unemployment hits new high as AI threat continues
The report found IT sector unemployment rates rose from 3.9% in December to 5.7% in January, or from 98,000 to 152,000 Janco Associates analysis of the US Department of Labor data. More broadly, ...
Economy adds 143,000 jobs in January, reflecting a slower but solid pace of growth this year
Annual revisions to jobs data and disruptions related to the catastrophic Los Angeles fires and severe winter storms are ...
Telegram21d
'Monumental error': Mass. owes feds $2.1 billion to resolve unemployment mistake
The settlement saddles the state with a major new cost at a time when budget-writers are grappling with a series of other headaches and the unemployment insurance system already faces fiscal problems.
The Sentinel-Record7d
Ag operations continue to strain under borrowing costs
Debt-heavy farm operations will continue to feel the burden of borrowing costs as the Federal Reserve said it would leave ...
Why Spain’s economy is leaving the rest of the Eurozone behind
For years, Spain’s economy was seen as one of Europe’s weakest. After the 2008 financial crisis, it struggled with high ...
Channel NewsAsia Singapore25d
Cost of living tops Singaporeans' concerns ahead of GE, 1 in 4 voters undecided on who to support: Survey
While the cost of living and inflation (34.8 per cent), jobs and unemployment (15.6 per cent), and the state of the economy (15 per cent) occupied the top three spots, political considerations ...