278,000+ jobs predicted to be added in Texas, Dallas Fed reports
The Fed also reports that employment in Texas grew at an annualized 2.3% in January, while December job growth was 2.2%.
Watch CBS News
The Fed also reports that employment in Texas grew at an annualized 2.3% in January, while December job growth was 2.2%.
"It's very discouraging," said one young job-seeker as employers pull back on hiring entry-level workers.
Americans express concern about their ability to pay bills and save money.
A judge has allowed the firings to move forward.
The U.S. jobs market cooled in June but remains solid, raising the odds that the Federal Reserve will be able to curtail inflation without pushing the economy into a downward spiral.
"There's a lot of uncertain times in every district."
The first jobs report of 2024 shows the U.S. economy remains resilient despite the Federal Reserve jacking up interest rates.
Employers added 236,000 jobs last month, and the nation's unemployment rate fell to 3.5%.
As the Fed continues hiking interest rates, weaker hiring and mounting layoffs suggest the U.S. job market is softening.
The U.S. job market has remained robust despite the Federal Reserve's concerted push to slow economic growth.
The labor market experienced the slowest job growth in 18 months, although the unemployment rate shrank to its lowest level in 50 years.
Although the labor market is slowing, businesses around the U.S. still have millions of job openings. .
Twenty-six governors across the U.S., including Texas' Greg Abbott, have announced they are shutting off enhanced unemployment benefits. In several states, workers are suing to restore those benefits.
Texas is one of 25 states — all with Republican governors — that have opted to curtail enhanced unemployment benefits two months early.
Organized cybercriminal gangs, such as the Scattered Canary, work in volume and often share tips among each other on how to be more efficient.
A new survey from the Texas Association of Business found the majority of its members blame the current federal unemployment benefits for the problem.
Since the start of the pandemic, the TWC has tagged more than 373,000 unemployment claims as suspicious. The CBS 11 I-Team has discovered some claims are being paid out long after they were flagged for fraud.
Since the start of the pandemic, more than 7.3 million Texans have applied for unemployment benefits.
While millions of Texans lost their job in 2020, James Darst was not one of them.
While new unemployment claims in Texas have ticked upward in recent weeks, many out-of-work Texans said they're struggling to get through to the Texas Workforce Commission.
The proposed $908 billion coronavirus relief package is gaining traction in Congress. But will it be enough, and will it come in time?
For most receiving unemployment benefits, this means recipients will need to prove they've done at least three job searches per week in order to remain eligible for benefits.
J.C. Penney believes it will emerge from bankruptcy protection before Christmas under a new ownership agreement that would save tens of thousands of jobs.
In an economy beset by pandemic-induced hardship, why is Wall Street thriving while Main Street is struggling?
Spending from the first round of stimulus propped up the economy. But that money is gone, and a more stimulus is unlikely in the coming weeks.
