The Labor Department’s closely watched employment report on Friday showed at least 4.1 million Americans have been out of work for more than six months, accounting for 41.5% of the unemployed population in February.
WASHINGTON: The number of Americans filing for unemployment benefits unexpectedly fell last week, suggesting that a strong economy was helping the labor market weather ongoing trade tensions between the United States and a host of other countries. Other data on Thursday showed a solid increase in underlying producer prices in July. Labor market strength and rising inflation likely keep the Federal Reserve on track to raise interest rates in September for the third time this year. “Trade war tensions in the clouds out…
WASHINGTON: U.S. job openings increased to their highest level in more than 13 years in June and hiring picked up, pointing to some reduction of slack in the labor market.