marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
unemployment
04/07/2023
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By Arsenio Toledo
Recession fears surge as new job creation slows down, jobless claims rise
Investors are once again concerned that the economy of the United States could dip far enough into a recession as recent jobs data shows a slowdown in new job creation and an increase in jobless claims. According to the Department of Labor‘s report, job openings slipped to 9.9 million in February, the lowest since May 2021. This is […]
03/31/2023
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By Arsenio Toledo
Generative AI could replace up to 300 million mostly white-collar jobs worldwide
A report from investment bank Goldman Sachs warned that the proliferation of artificial intelligence technology could replace the equivalent of 300 million full-time jobs around the world. Specifically, Goldman Sachs warned about generative AI, which can create content indistinguishable from human work. The expansion of generative AI systems is poised to significantly disrupt the job […]
03/13/2023
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By Arsenio Toledo
Jobless claims soar to five-month high as recession signals blare
Signs of a recession are once again blaring as the number of Americans filing new claims for unemployment benefits increased by the biggest margin in five months. Initial weekly claims for state unemployment benefits rose by 21,000 to a seasonally adjusted 211,000 for the week that ended on March 4. This is the largest recorded […]
02/14/2023
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By News Editors
After the worst January job cuts ‘since The Great Recession’, here are 12 major layoffs that have already been announced in February
It appears that the tsunami of layoffs that started late last year is starting to accelerate. January was a horrible month for job losses, and major layoff announcements are coming fast and furious here in February. But of course the Biden administration would have us believe that everything is just fine. Last week, the government told […]
02/08/2023
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By JD Heyes
The big LIE: Biden’s massive job creations number for January is completely false; economy actually LOST 2.5 million jobs
If you were supremely puzzled by the Biden regime’s claim last week that, in January, his economy created more than 517,000 new jobs, you’re not alone. A whole lot of people, including economists and other labor experts, questioned the claim as well, especially in light of the fact that one corporation after another has been […]
02/07/2023
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By Belle Carter
FedEx announces end of SameDay City delivery service as demand plunges
Logistics giant FedEx has announced the end of its SameDay City delivery service after a decade of operation. The retirement of what was dubbed as “the fastest local shipping option” came amid a drop in demand in the transportation industry. FedEx Office, a unit of the transportation conglomerate, broke the news on Feb. 3. According […]
01/26/2023
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By Belle Carter
Government watchdog: Over $60B lost to pandemic unemployment benefits fraud
The Government Accountability Office (GAO) has stated in a report that more than $60 billion was lost to unemployment insurance fraud during the Wuhan coronavirus (COVID-19) pandemic. According to the government watchdog’s report made public on Jan. 23, state workforce agencies proved $4.3 billion were fraudulently claimed. Moreover, at least $45 billion in transactions, while not […]
01/11/2023
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By JD Heyes
Biden’s economy: After two years of Democratic economic policies, major companies continue to shed employees
The economy created by former President Donald Trump and, with some minor assistance, a GOP-controlled Congress (when the establishment RINOs weren’t fighting him as hard as Democrats) was top-notch, growing, and working for the vast majority of Americans. Then, along came February 2020, a presidential election year, and a Chinese-created virus that created a global […]
01/10/2023
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By Mike Adams
A job-destroying economic vortex has just been unleashed: Large-scale layoffs will accelerate through 2023, impoverishing millions
Just as we predicted last year, a wave of layoffs has already begun in early 2023 with large workforce reductions announced across crypto, finance, real estate, transportation and Big Tech. Just today, crypto exchange giant Coinbase announced it’s cutting 20% of its workforce (about 950 positions) due to the FTX fallout that’s already ensnaring Gemini […]
12/05/2022
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By Ramon Tomey
Unemployment in Germany continues to increase, government data show
The unemployment rate in Germany continues to increase, according to data from the German Federal Employment Agency (BA). Figures from the BA showed that the number of unemployed Germans increased to 2.54 million in November after 17,000 people lost their jobs. The figures released on Nov. 30 also showed the country’s unemployment rate increased to […]
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