unemployment Archive

U.S. jobless claims rise for third straight week

 The number of Americans filing new claims for jobless benefits rose last week for a third straight week, but the underlying trend continued to point to a solidly improving labor market. Initial claims for state unemployment benefits increased 1,000 to a seasonally …

Religious Freedom Is Still Worth Protecting

Steve Chapman,  Gay rights groups and their allies were outraged when Indiana enacted a “religious freedom” measure that let businesses refuse to take part in same-sex weddings and other events they find objectionable. Opponents of the new law had an unassailable goal: …

Still Missing: At Least 3 Million Jobs

 The U.S. Federal Reserve must answer a tough question in deciding when and how quickly to remove stimulus from the U.S. economy: How much more can employment grow before it becomes an inflationary force? Judging from today’s labor market data for March, …

More Proof That Graduating in the Recession Was Awful

Employers raised the bar on education and experience as millions sought work.   The Great Recession and its aftermath was an exceptionally bad time to lack work experience or a college degree. As unemployment soared and jobs became scarce, U.S. hiring managers also grew pickier. …

Thomas Sowell: Ruinous ‘Compassion’

 It is fascinating to see brilliant people belatedly discover the obvious — and to see an even larger number of brilliant people never discover the obvious. A recent story in a San Francisco newspaper says that some restaurants and grocery stores in …

The 15 Most Miserable Economies in the World

Consumers in Venezuela are expected to suffer the most in 2015.  Inflation is a disease that can wreck a society, Milton Friedman, the late Nobel laureate economist, once said. Add rising unemployment to the diagnosis, and his profession ascribes a rather non-technical term to the …