Benefits by Design (BBD)’s Post

UNITED STATES Unemployment claims reach eight-month high Applications for unemployment benefits in the United States rose by 8,000 in the week ending June 1, to 229,000 from 221,000 (revised from 219,000) below the 220,000 estimated by economists. Continuing claims, which include claims for more than a week, rose to 1792,000 above the 1790,000 forecast by economists. Source: ZeroHedge

A post from Wall Street Journal, titled - 'Can we still Trust the unemployment rate - Posted on 3rd October 24 deserves reading by us at least once . Check it & Share your observations as well . Thanks #####

Staying updated on unemployment rates in your target region can make a big difference in your expansion strategy. The US Bureau of Labor Statistics provides a monthly State Employment and Unemployment report. 📈 Discover the key insights from Q2 2024 in our latest blog below! ⬇ https://lnkd.in/d_KHwTmt

The state unemployment rate range for employers in Massachusetts in 2024 is 0.73% - 11.13%. (Rates include applicable agency surcharges. Reimbursable and exempt employers are not included.)

There are some HUGE differences in what the government reported in terms of unemployment numbers versus what the government has adjusted them to now. Listen to this episode to learn more: youtu.be/L80Tu_arcRw

Did you know that unemployment affects interest rates? 🤔💡 As of July, the unemployment rate climbed to 4.3%, which shakes out to be around 7.2 million people without jobs! 😲 This is a serious jump from last year's 5.9 million. 📊 And according to BankRate financial expert, Greg McBride, he expects interest rates this year land between 5.5-6%. 📈 With so much change, where do you see rates heading in the future? 💭 Let us know in the comments below and share this video with someone you know! 🪁 #interestrates #unemployment #federalreserve #keepingcurrentmatters #kcm

📊 UK Unemployment Hits New Highs Amid Economic Uncertainty The Office for National Statistics 📈 reports a rise in the UK unemployment rate to 4.4%, the highest since late 2021, with over 1.5 million unemployed. Workforce numbers fell by 139k, totaling 32.97 million, partly due to ill health, and job vacancies dropped by 12k to 904k. Despite the labor market cooling, wage growth remains strong 💷, complicating hopes for an early rate cut from the Bank of England. The pound reacted with a drop 📉, highlighting market sensitivity. Curious about the full impact on the UK economy? Read the full report to see the details and upcoming key economic events. #Economy #Unemployment #UKJobs #WageGrowth #BankOfEngland #EconomicUpdate #FinancialNews

The great “rate debate” rages on, as the latest monthly job report shows an economy on solid footing. A rise in non-farm payrolls, coupled with a decline in the unemployment rate, should keep the Federal Reserve from pulling the trigger on any change in interest rate policy, according to Stifel Chief Economist Lindsey Piegza, Ph.D. #interestrates #jobreport #economy #nonfarmpayrolls #unemploymentrate #federalreserve