Tag Archives: unemployment

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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Final Jobs Report For Trump Admin Is Worst In Months

NBC News reports: The economy shed 140,000 jobs in December, a clear indication that the pandemic’s chokehold on economic activity strengthened in the final weeks of last year. The unemployment rate held steady at 6.7 percent. In the final jobs report of 2020, Friday’s monthly employment snapshot from the Bureau of Labor Statistics shows a labor market teetering on the …

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Unemployment Benefits Expire Today For 14 Million

The Hill reports: Millions of people will lose federal unemployment benefits on Saturday as a result of the standoff between Congress and President Trump over the COVID-19 relief measure passed by the House and Senate this week. Fourteen million people will lose benefits through two programs set up under legislation earlier this year in the initial response to the coronavirus …

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New Jobless Claims Surge To 885,000 For Week

Bloomberg News reports: Applications for U.S. unemployment benefits unexpectedly jumped to the highest level in three months, suggesting the labor market’s recovery is faltering amid the surge in Covid-19 cases and widening business closures. Initial jobless claims in regular state programs rose by 23,000 to 885,000 in the week ended Dec. 12, Labor Department data showed Thursday. On an unadjusted …

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Labor Dept Reports Surge In Jobless Claims For Week

Bloomberg News reports: Applications for U.S. unemployment benefits surged last week and exceeded most estimates, suggesting that widening business shutdowns to curb the pandemic are spurring fresh job losses. Initial jobless claims in regular state programs rose by 137,000 to 853,000 in the week ended Dec. 5, Labor Department data showed Thursday. On an unadjusted basis, the figure increased by …

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Labor Dept Reports 712K New Jobless Claims For Week

MarketWatch reports: New applications for U.S. unemployment benefits fell in late November for the first time in three weeks, probably due in part to the Thanksgiving holiday. The number of people applying for benefits, however, is still quite high and the latest decline is unlikely to dispel fresh worries about rising layoffs and a slowdown in hiring after a record …

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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 Spike In New Jobless Claims

The Wall Street Journal reports: The number of applications for unemployment benefits rose sharply last week, indicating continued challenges for the U.S. economic recovery as coronavirus infections increased around the country. Initial claims for jobless benefits, a proxy for layoffs, rose to a seasonally adjusted 742,000 last week, up from the 711,000 filed a week earlier, the Labor Department said …

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Labor Dept Reports 751K New Jobless Claims For Week

CNBC reports: The number of first-time unemployment-benefits filers fell to the lowest level in the pandemic, declining for a second straight week, the Labor Department reported Thursday. Initial weekly U.S. jobless claims came in at 751,000 for the week ending Oct. 24, down 40,000 from the previous week. Economists polled by Dow Jones expected initial jobless claims to come in …

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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 898K Jobless Claims Last Week

CNBC reports: American workers continued to hit the unemployment line in large numbers last week, with 898,000 new claims filed for jobless benefits. Economists surveyed by Dow Jones had been looking for 830,000. The total for the week ended Oct. 10 was the highest number since Aug. 22 and another sign that the labor market continues to struggle to get …

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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: Jobless Claims For Week Rise To 1.1 Million

CNBC reports: The number of people filing for unemployment benefits last week was greater than expected, raising concern about the state of the economy as lawmakers struggle to move forward on a new coronavirus stimulus package. The Labor Department said initial jobless claims for the week ending Aug. 15 came in at 1.106 million. Economists polled by Dow Jones expected …

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Jobless Claims Below 1M For First Time In 20 Weeks

Yahoo Money reports:  The number of individuals filing new unemployment insurance claims improved to a fresh pandemic-era low last week, falling below the 1 million mark for the first time since March. Thursday’s report ended what had been a previous 20-week streak that new claims totaled more than 1 million, with tens of millions of Americans put out of work …

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