unemployment - Unusual Whales

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unemployment

A collection of 2 posts

federal reserve

Fed says top 23 banks could absorb losses and lending despite unemployment hitting 10% and stock market falling 45%

Per Fed The Federal Reserve is assuring the public regarding the performance of the top 23 banks, saying they are capable of withstanding major unemployment and stock market plunge. The agency says these large banks would handle a 45% stock market drop and 10% unemployment. This came as Michael S.

Unemployment benefit applications climbed to an over-a-year high

Per Bloomberg A recent report by Bloomberg shows that the amount of applicants for unemployment benefits in the US is increasing. The current number of applications climbed to a new over-a-year high. The last time the US experienced this many unemployment benefit applications was in October 2021. The report also