Tag Archives: Labor Department

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

CNBC reports: The pace of unemployment claims declined again last week as the U.S. jobs market continued its plodding recovery from the coronavirus pandemic, Labor Department data showed Thursday. Initial claims totaled 1.54 million, compared with the 1.6 million expected from economists surveyed by Dow Jones and a plunge of 355,000 from the previous week’s total just shy of 1.9 …

USA Today reports: About 2.1 million Americans filed initial unemployment benefit claims last week, the Labor Department said Thursday. In just ten weeks, 40.7 million have sought jobless benefits that represent the nation’s most reliable gauge of layoffs. A record 20.5 million jobs were lost in April, according to the Labor Department, spiking the unemployment rate to 14.7%, the highest …

Yahoo Finance reports: The COVID-19 pandemic’s continued impact on the labor market was highlighted Thursday morning when the U.S. Labor Department released its weekly initial jobless claims report. Another 2.981 million Americans filed for unemployment benefits in the week ending May 9 surpassing economists’ estimates for 2.5 million jobless claims for the week. The prior week’s figure was revised higher …

ABC News reports: The U.S. economy lost an unprecedented 20.5 million jobs in April and the unemployment rate soared to 14.7 percent, up from 4.4 percent in March after months at a half-century low, according to the monthly employment report, released Friday by the Department of Labor. In just over a month, the coronavirus has wiped out all job gains …

CNBC reports: Unemployment rolls continued to swell in the U.S. last week, though jobless claims hit their lowest level since the economy went into lockdown made to battle the coronavirus pandemic. First-time filings for unemployment insurance hit 3.27 million last week, bringing the total to 33.5 million over the past seven weeks, the Labor Department reported Thursday. The total was …

NBC News reports: Another 4.4 million Americans filed for initial jobless claims last week, revealing that at least 26 million people have requested unemployment benefits since the outbreak of the coronavirus pandemic. In just one month, all job gains since the Great Recession have disappeared, according to new data released Thursday by the Department of Labor. The economy had created …

NPR reports: The number of people seeking unemployment benefits shot up again last week, as 6.6 million more people filed initial claims, the Labor Department said Thursday. And analysts expect the numbers to keep rising in coming weeks. About 17 million have filed in the past three weeks. In the prior week, ending March 28, a revised 6.9 million people …

The New York Times reports: More than 6.6 million people filed new claims for unemployment benefits last week, the Labor Department said Thursday, setting a grim record for the second straight week. Added to 3.3 million claims for the week ending March 21, it means nearly 10 million people have filed for unemployment benefits in two weeks. The speed and …

NPR reports: A record 3.28 million Americans filed for unemployment benefits last week as the coronavirus pandemic shut down much of the country. The Labor Department’s report Thursday was one of the first official indicators of how many people have suddenly been forced out of work nationally. The staggering claims figure was well above the levels seen during the darkest …

The Hill reports: The U.S. added 273,000 jobs in February, according to data released Friday by the Labor Department, blowing past expectations ahead of a feared coronavirus economic slump. The unemployment rate stayed roughly even at 3.5 percent while the labor force participation rate held steady at 63.4 percent. February’s job gain comes after an upwardly revised increase of 273,000 …