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U.S. Jobless Claims Fall, but Slower Hiring Raises Concerns Over Long-Term Unemployment

CSB News USA · 11:46 AM

U.S. jobless claims have fallen, but slower hiring and rising long-term unemployment are creating fresh challenges for workers seeking new jobs.

The U.S. labor market is showing signs of slowing, with layoffs remaining low while the pace of new hiring has weakened. According to the latest government data, 197,000 Americans filed new claims for unemployment benefits during the week ending October 3, down from a revised 199,000 the previous week. New unemployment claims have remained below 200,000 for four consecutive weeks. The trend suggests that widespread layoffs remain limited across the United States. However, the low number of new claims does not necessarily mean that job seekers are finding employment easily. Employers have become more cautious about hiring, making competition for available positions more intense. The latest employment report also showed that the U.S. economy added only 29,000 jobs in September. That was a significant slowdown from the revised 133,000 jobs added in August. The unemployment rate also increased slightly, reaching 4.2% in September compared with 4.1% in August. Long-term unemployment remains another concern. In September, around 1.9 million people had been unemployed for at least 27 weeks. They accounted for…

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US

New Jersey train service changes begin Sunday as Portal Bridge enters phase

New Jersey commuters are preparing for major train service changes beginning Sunday, October 11, as construction on the new Portal North Bridge enters its final phase. The changes are expected to continue for roughly five weeks while crews work to place the second track into…

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Widow’s Fingerprint Taken for Family Card, Marriage Document Emerges in Fulbaria

A 43-year-old widow in Fulbaria upazila of Mymensingh has alleged that her fingerprint was taken on the pretext of helping her obtain a family card, and that a marriage document was later prepared and circulated in her name. The woman claims she never consented to…

US

Gas and toll costs are squeezing New York and New Jersey commuters

Drivers across New York and New Jersey are facing growing pressure from higher gasoline prices, tolls and other transportation costs, making daily commuting more expensive for many households. Gas prices have risen sharply over the past year, while the New…

US

New York City expands Fair Fares access, helping low-income riders save money

New York City is expanding its Fair Fares program, potentially allowing hundreds of thousands of additional residents to travel on public transportation at half price. The program provides eligible low-income New Yorkers with a 50 percent discount on subway fares, eligible bus trips and Access-A-Ride paratransit services. The expansion increases the income eligibility threshold from 150 percent to 200 percent…