Tag Archives: Labor Department

Weekly New Jobless Claims Near Pre-Pandemic Level

CNBC reports: Initial jobless claims fell below 400,000 for the first time since the early days of the Covid-19 pandemic as the labor market continues to recover, the Labor Department reported Thursday. First-time filings for unemployment benefits totaled 385,000 for the week ended May 29, a decline from the previous week’s 405,000 and below the Dow Jones estimate of 393,000. …

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Labor Dept: New Jobless Claims At Pandemic-Era Low

Bloomberg News reports: Applications for U.S. state unemployment insurance fell last week to a fresh pandemic low, signaling steady improvement in the job market as remaining business restrictions are lifted. Initial claims in regular state programs decreased by 34,000 to 444,000 in the week ended May 15, Labor Department data showed Thursday. The drop in jobless applications shows the labor …

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Labor Dept: New Jobless Claims Hit Pandemic-Era Low

Bloomberg News reports: Applications for U.S. state unemployment insurance fell to a fresh pandemic low last week as business confidence strengthens and employers seek to fill more positions left open by restrictions. Initial claims in regular state programs declined by 34,000 to 473,000 in the week ended May 8, Labor Department data showed Thursday. The labor market continues to improve …

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New Unemployment Claims Soar In Trump’s Final Week

The Associated Press reports: The number of people seeking unemployment aid soared last week to 965,000, the most since late August and a sign that the resurgent virus has likely escalated layoffs. The latest figures for jobless claims, issued Thursday by the Labor Department, remain at levels never seen until the virus struck. Before the pandemic, weekly applications typically numbered …

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Labor Dept Reports 803K New Jobless Claims For Week

The Wall Street Journal reports: U.S. jobless claims fell to 803,000 last week, a retreat from a three-month high amid broader signs of a slowing economic recovery. The latest data came as states and local municipalities impose fresh restrictions on social and business activity to combat a surge in coronavirus cases. Other parts of the economy have shown signs of …

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Labor Dept Rule Allows Anti-LGBTQ Discrimination By Federal Contractors On The Basis Of “Religious Liberty”

Slate reports: On Monday, the Trump administration finalized a sweeping new regulation that allows federal contractors to discriminate against racial and religious minorities, women, and especially LGBTQ people in the name of protecting “religious liberty.” It effectively abolishes critical workplace protections for these contractors that have been in place for decades, reframing religious freedom as a near-limitless license to discriminate. …

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New Jobless Claims Spike To 778,000 For Week

Bloomberg News reports: Applications for U.S. state unemployment benefits unexpectedly jumped to the highest level in a month, underscoring a fragile labor market at risk of faltering as coronavirus cases soar. Initial jobless claims in regular state programs increased by 30,000 to 778,000 in the week ended Nov. 21, according to Labor Department data Wednesday. Without adjustments for seasonal fluctuations, …

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Labor Dept Reports 787K New Jobless Claims For Week

The New York Times reports: The government reported on Thursday that 757,000 workers filed new claims for state unemployment benefits last week, a drop of 73,000 from the previous week but still a stubbornly high rate as the incipient economic recovery struggles to maintain a foothold. Another 345,000 new claims were filed under a federal jobless program that provides benefits …

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Labor Dept Reports 837K New Jobless Claims For Week

Yahoo Finance reports: Another 837,000 individuals filed new jobless claims last week, for a marginal step down from the upwardly revised 873,000 reported for the prior period. This marked the fifth straight week that new jobless claims come in below 1 million. On a seasonally unadjusted basis, claims also declined, falling by more than 40,000 to 786,942. But six months …

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Labor Dept Reports 870K New Jobless Claims For Week

Yahoo Finance reports: Another 870,000 Americans filed for first-time unemployment benefits last week, unexpectedly rising slightly from the prior week to reaffirm a slowdown in the U.S. economic recovery. The U.S. Department of Labor released its weekly jobless claims report at 8:30 a.m. ET Thursday. At 870,000, Thursday’s figure represented the fourth consecutive week that new jobless claims came in …

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Labor Dept Reports 860K New Jobless Claims For Week

ABC News reports: Some 860,000 Americans lost their jobs and filed for unemployment insurance last week, the Labor Department said Thursday. The latest tally shows that new jobless claims have dipped significantly since peaking at 6.9 million in the last week of March. Still, it shatters the pre-pandemic weekly record set in 1982 of 695,000. Meanwhile, more than 29.7 million …

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Labor Department Reports 884K New Jobless Claims

CNBC reports: Weekly jobless claims were worse than expected last week amid a plodding climb for the U.S. labor market from the damage inflicted by the coronavirus pandemic. The Labor Department reported 884,000 first-time filings for unemployment insurance, compared to the 850,000 expected by economists surveyed by Dow Jones. The total was unchanged from the previous week. Continuing claims from …

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Labor Dept: 1.4 Million Returned To Work In August

CNBC reports: Nonfarm payrolls increased by 1.37 million in August and the unemployment rate tumbled to 8.4% as the U.S. economy continued to climb its way out of the pandemic downturn. The unemployment rate was by far the lowest since the coronavirus shutdown in March, according to Labor Department figures released Friday. An alternative measure that includes discouraged workers and …

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Labor Dept Reports Drop In Jobless Claims, BUT

NPR reports: Another 881,000 people applied for state unemployment benefits last week, the Labor Department says. That’s 130,000 fewer than the previous week. But the report comes with an asterisk. The department just changed the way it adjusts claims data to account for seasonal variation. That should make the reports more accurate in the weeks to come. But it also …

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Labor Dept Reports One Million New Jobless Claims

CNBC reports: The number of Americans who filed for unemployment benefits for the first time came in above 1 million for the 22nd time in 23 weeks as the economy struggles to recover from the coronavirus pandemic, the Labor Department said Thursday. It was the second-consecutive week that new claims was above 1 million. Initial claims were last below 1 …

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Labor Dept Reports 1.4 Million New Jobless Claims

USA Today reports: The number of Americans filing jobless claims rose last week, showing the need for aid isn’t waning even as the extra $600 that bolstered weekly checks during the pandemic comes to an end. 1.4 million more Americans filed for unemployment benefits for the first time as the coronavirus surges throughout many states, and recently reopened businesses shut …

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Over 1M New Jobless Claims For 17th Straight Week

CNBC reports: The number of Americans who filed for unemployment benefits rose more than expected last week as the country continues to grapple with the economic impacts of the coronavirus pandemic. Initial weekly jobless claims came in at 1.3 million for the week ending July 11, the Labor Department said Thursday. Economists polled by Dow Jones expected 1.25 million. It …

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Labor Dept Reports 1.3M New Jobless Claims For Week

Business Insider reports: US weekly jobless claims totaled 1.3 million in the week that ended Saturday, the Labor Department said Thursday. That came in lower than the consensus economist estimate of 1.38 million compiled by Bloomberg. In just a few months, the roughly 50 million unemployment claims filed during the coronavirus pandemic have far surpassed the roughly 37 million during …

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Labor Sec “Touched” By Proposed Monument To Father

The New York Post reports: Labor Secretary Eugene Scalia said it means “a lot” to have his father, the late US Supreme Court Justice Antonin Scalia, included in President Trump’s proposed national garden remembering scores of American heroes. “It would mean a lot. I didn’t see that one coming and it was really touching to hear. I hope it would …

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Labor Dept: 1.5M New Jobless Claims, 45M Since March

USA Today reports: Three months into the coronavirus crisis, the U.S. economy is reopening and many Americans are going back to work. But hundreds of thousands are still being laid off. About 1.5 million workers filed applications for unemployment insurance for the first time last week, the Labor Department said Thursday. That pushes the running tally of those who have …

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