• Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Kube Suite - TL
Home News Workforce

Despite Layoffs, Jobless Claims Fell Again Last Week

The Labor Department's news that initial unemployment claims plummeted to 190,000 last week, a decrease of 2,000 from the week prior, reflects a vibrant labor market. The Federal Reserve is making efforts to keep inflation at bay by increasing interest rates, yet the labor market defied their expectations and brought about a massive 517,000 job addition in January.

Emma AscottbyEmma Ascott
March 3, 2023
in Workforce
Reading Time: 1 min read
A A
Despite layoffs, jobless claims fell again last week

More stories for you

Why the Best Future-of-Work Strategy Is a Product Strategy

Why The Best Future-of-Work Strategy Is A Product Strategy

12 hours ago
Indeed Executive Says This Is What Your Future Workforce Will Really Look Like

Indeed Executive Says This Is What Your Future Workforce Will Really Look Like

14 hours ago
Microsoft Laying Off Around 3% Of Workforce To Funnel More Money Into AI

Microsoft Laying Off Around 3% Of Workforce To Funnel More Money Into AI

22 hours ago
McDonald's To Hire 375,000 U.S. Workers In Ambitious Summer Push

McDonald’s To Hire 375,000 U.S. Workers In Ambitious Summer Push

23 hours ago

What’s going on:  

The Labor Department has announced that the amount of initial unemployment claims had plummeted to 190,000 last week — a decrease of 2,000 from the previous week, which illustrates a robust labor market. 

Why it matters:  

Despite the fact that there have been rumors of layoffs at big companies, including those in the tech sector, it has yet to be seen as a rise in jobless claims; the labor market is still incredibly strong, with reports showing that job postings have decreased and companies becoming more careful in their hiring practices. 

Advertisements
Maximize Flexible Space Revenue

The Federal Reserve is attempting to ease its anti-inflationary efforts by hiking interest rates, yet the labor market has thrown a spanner in the works with its astonishing 517,000 job addition in January, which has demonstrated the labor market’s strength beyond expectations, according to US News.  

How it’ll impact the future:  

Economists are divided between worrying that the economy is too robust, thereby requiring the Federal Reserve to maintain higher interest rates for an extended period, and fearing an economic downturn which may lead to lower inflation yet higher joblessness. 

Advertisements
Envoy - Workplace ROI
Source: Us News
Tags: Work-lifeWorkforce
Share5Tweet3Share1
Emma Ascott

Emma Ascott

Emma Ascott is a contributing writer for Allwork.Space based in Phoenix, Arizona. She graduated from Walter Cronkite at Arizona State University with a bachelor’s degree in journalism and mass communication in 2021. Emma has written about a multitude of topics, such as the future of work, politics, social justice, money, tech, government meetings, breaking news and healthcare.

Other Stories Recommended For You

Why the Best Future-of-Work Strategy Is a Product Strategy
Leadership

Why The Best Future-of-Work Strategy Is A Product Strategy

byMichael Cerda
12 hours ago

The best workplaces evolve like products through testing, adaptation, and continuous improvement.

Read more
Indeed Executive Says This Is What Your Future Workforce Will Really Look Like

Indeed Executive Says This Is What Your Future Workforce Will Really Look Like

14 hours ago
Microsoft Laying Off Around 3% Of Workforce To Funnel More Money Into AI

Microsoft Laying Off Around 3% Of Workforce To Funnel More Money Into AI

22 hours ago
McDonald's To Hire 375,000 U.S. Workers In Ambitious Summer Push

McDonald’s To Hire 375,000 U.S. Workers In Ambitious Summer Push

23 hours ago
Advertisements
Envoy - Workplace ROI
Advertisements
Disaster Avoidance Experts

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00