What Are Jobless Claims? Jobless claims are a statistic reported weekly by the U.S. Department of Labor that counts people filing to receive unemployment insurance benefits. There are two categories of jobless claims—initial, which comprises people filing for the first time, and continuing, which consists of unemployed people who have already been receiving unemployment benefits.
What Is a Job Lot? In finance, the term “job lot” refers to a commodities futures contract whose denomination is smaller than the typical standard lot for that commodity. For example, the standard lot for a crude oil futures contract is 1,000 barrels per contract. Any crude oil futures contract corresponding to less than 1,000
What Is the Job Market? The job market is the market in which employers search for employees and employees search for jobs. The job market is not a physical place as much as a concept demonstrating the competition and interplay between different labor forces. It is also known as the labor market. The job market
What Is the Jobseeker’s Allowance? (JSA) The Jobseeker’s Allowance (JSA) is a benefit for unemployed individuals in the U.K. who are actively seeking work. The allowance is intended to help minimize the cost of living for those seeking full-time employment. The benefit may also be available to people who work less than 16 hours per
What Is Jobs Growth? Jobs growth is measured in the U.S. by the number of employees added to nonfarm payrolls monthly, as reported by the U.S. Bureau of Labor Statistics (BLS). It is a key indicator of the pace of economic expansion. Nonfarm payrolls are part of the Employment Situation Summary published by the BLS
John Bogle was the founder of the Vanguard Group and a major proponent of index investing. Commonly referred to as “Jack,” Bogle revolutionized the mutual fund world by creating index investing, which allows investors to buy mutual funds that track the broader market. He did this with the overall intent to make investing easier and
John Maynard Keynes (1883–1946) was an early 20th-century British economist, best known as the founder of Keynesian economics and the father of modern macroeconomics, the study of how economies—markets and other systems that operate on a large scale—behave. One of the hallmarks of Keynesian economics is that governments should actively try to influence the course
Who Is John B. Taylor? John B. Taylor is the Mary and Robert Raymond Professor of Economics at Stanford University and a Senior Fellow of Economics at the Hoover Institution. He is also the Director of Stanford University Introductory Economics Center. His fields of expertise include macroeconomics, monetary policy, and international economics. He is best known
John Elkann may not necessarily be a household name, but he’s certainly associated with a number of corporations with which many people are familiar, notably Fiat, Chrysler, and Ferrari. Although he comes from a long line of industrialists who established the Fiat name, Elkann has established himself as an executive with drive and a vision.
John Forbes Nash, Jr. was an American mathematician. He was born in 1928 in West Virginia and was a pioneer in the study of differential geometry and partial differential equations. He also developed an equilibrium theory known as the Nash Equilibrium (of which the prisoner’s dilemma is a well-known example). Nash won the 1994 Nobel
