Seasonal retail and health-care hires did not offset the loss of jobs in the professional services and construction sectors in October, resulting in a net loss of 1,000 jobs in Minnesota.
Nebraska’s Jump Start Scholarships program offers up to 100 percent tuition reimbursement along with signing bonuses for high school graduates to pursue degrees.
The council passed a $12.8 billion budget for the 2024-2025 fiscal year, which is approximately 2 percent less than the current fiscal year’s budget. The city will eliminate 1,700 vacant jobs next fiscal year.
State agencies are trying to address technical shortcomings that led to as much as $135 billion in fraud during the pandemic. But declining and volatile federal funding for administration is impeding those efforts.
New data from the New York City Economic Development Corporation shows that the city’s Black unemployment rate has dropped to 7.9 percent. Overall unemployment has dropped to 4.9 percent and Hispanic unemployment is at 6.7 percent.
Companies that grew tech talent rapidly during the pandemic are now firing workers in droves in an effort to reduce operating costs and improve profitability, creating an employer’s market.
After borrowing billions from the federal government to pay for unemployment during the pandemic, the state’s debt now stands at about $21 billion and growing. The state also currently accounts for about 20 percent of the nation’s unemployment.
After shedding nearly 1 million jobs, staffing levels are now higher than at the start of 2020. But severe shortages remain in several fields such as nursing, public safety and education.
In February, the state reached an unemployment rate of 5.3 percent, the highest in the country. Since 1976, California has created more jobs than any other state (9.7 million), accounting for 13 percent of all U.S. hires.
States have devoted billions of dollars to replenishing their unemployment trust funds, but many are still short. Fewer states are now prepared for a recession than before the pandemic.
The state Employment Department’s new computer system, Frances Online, will replace the one that had been in place since the 1990s. But old technology is not the only thing the department needs to fix.
The nation grew at a 5.2 percent annual rate in the third quarter of this year, but several factors indicate that a number of states are not seeing the same trends. The preliminary unemployment rate rose in 38 states.
Despite job gains moving at their slowest pace since 2011 and extreme stress in commercial real estate, Colorado managed to stave off a recession this year. Many are wondering whether it can keep an economic downturn at bay again next year.
The state has dropped more than 130,000 of its 500,000 Medicaid beneficiaries since April and about 30 percent of those disenrolled were left uninsured, which could be a bad sign for the rest of the nation.
The measure would grant unemployment benefits to striking workers by amending existing state law. Republicans oppose the measure, making the bill’s future in the GOP-controlled Senate uncertain.
If approved, the new program would offer small, no-interest loans to civilian federal employees who work in Maryland but are not otherwise eligible for unemployment insurance payments.
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