Tag Archives: unemployment

Biden Gets Good News On Q3 Economic Growth

CNBC reports: The U.S. economy posted its first period of positive growth for 2022 in the third quarter, at least temporarily easing inflation fears, the Bureau of Economic Analysis reported Thursday. GDP, a sum of all the goods and services produced from July through September, increased at a 2.6% annualized pace for the period, against the Dow Jones estimate for …

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June Jobs Report Crushes Expectations: 372K New Jobs

CNBC reports: Job growth accelerated at a much faster pace than expected in June, indicating that the main pillar of the U.S. economy remains strong despite pockets of weakness. The unemployment rate was 3.6%, unchanged from May and in line with estimates. Nonfarm payrolls increased 372,000 in the month, better than the 250,000 Dow Jones estimate and continuing what has …

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428K New Jobs In April, Unemployment Flat At 3.6%

The Washington Post reports: U.S. employers added 428,000 jobs in April, capping a year of solid growth, adding more fuel to an already robust recovery. The unemployment rate remained steady at a pandemic low of 3.6 percent, the Labor Department said Friday. The labor market has added more than 6.5 million jobs during the past year and is on pace …

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New Jobless Claims Fall To Lowest Level In 53 Years

CNBC reports: The labor market tightened further last week, with initial jobless claims falling to their lowest level in more than 53 years, the Labor Department reported Thursday. Initial filings for unemployment dropped to 166,000, well below the Dow Jones estimate of 200,000 and 5,000 under the previous week’s total, which was revised sharply lower. The total of those receiving …

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US Added 431K Jobs In March, Jobless Rate Is 3.6%

The Associated Press reports: America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic and the highest inflation in 40 years. The Labor Department’s report Friday showed that last month’s job growth helped reduce the unemployment rate to 3.6%, the lowest level since …

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Labor Dept: Unemployment Claims Fall To 52-Year Low

Reuters reports: The number of Americans filing new claims for unemployment benefits fell last week as demand for labor remained strong, positioning the economy for another month of solid job gains. Unemployment benefit rolls were the smallest in 52 years in early March, the Labor Department’s weekly jobless claims report on Thursday also showed. Signs of the economy’s underlying strength …

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January Jobs Report Defies Dismal Expectations

Bloomberg News reports: U.S. employers added more jobs than forecast last month, despite a surge in Covid-19 infections and related business closures. Nonfarm payrolls increased 467,000 in January after an upwardly revised 510,000 gain in December, a Labor Department report showed Friday. The unemployment rate ticked up to 4%, and average hourly earnings jumped. In a surprise display of strength, …

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Labor Dept: Jobless Claims Continue Historic Decline

ABC News reports: The number of Americans applying for unemployment benefits fell below 200,000, more evidence that the job market remains strong in the aftermath of last year’s coronavirus recession. Jobless claims dropped by 8,000 to 198,000, the Labor Department reported Thursday. The four-week average, which smooths out week-to-week volatility, fell to just above 199,000, lowest level since October 1969. …

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Woman Gets 10 Years In COVID Unemployment Fraud

From the Justice Department: A Jonesville, Virginia woman, who admitted to heading a conspiracy that defrauded the government of more than $1.5 million in pandemic-related unemployment benefits, was sentenced today to 10 years in federal prison and ordered to pay restitution. Farren Gaddis Ricketts, 31, and her co-conspirators concocted a scheme to gather personal identification information and then submit unemployment …

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Labor Dept: Slight Rise In Jobless Claims This Week

The Associated Press reports: The number of Americans applying for unemployment benefits rose last week despite signs that the U.S. labor market is rebounding from last year’s coronavirus recession. Jobless claims rose by 18,000 to a 206,000, still low by historical standards. The four-week average, which smooths out week-to-week volatility, fell by 16,000 to less than 204,000, the lowest level …

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November Report: 210K Jobs, 4.2% Unemployment

CNBC reports: The U.S. economy created far fewer jobs than expected in November, before a new Covid threat created a scare that growth could slow into the winter, the Labor Department reported Friday. Nonfarm payrolls increased by just 210,000 for the month, though the unemployment rate fell sharply to 4.2% from 4.6%, even though the labor force participation rate increased …

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Labor Dept: New Jobless Claims Fall To 52-Year Low

CNBC reports: The ranks of those submitting jobless claims tumbled to their lowest level in more than 52 years last week, the Labor Department reported Wednesday. New filings totaled 199,000, a number not seen since Nov. 15, 1969, when claims totaled 197,000. The report easily beat Dow Jones estimates of 260,000 and was well below the previous week’s 270,000. Along …

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Jobless Claims Down For 7th Week, New Pandemic Low

The Associated Press reports: The number of Americans applying for unemployment benefits fell for the seventh straight week to a pandemic low of 268,000. U.S. jobless claims dipped by 1,000 last week from the week before, the Labor Department reported Thursday. The applications for unemployment aid are a proxy for layoffs, and their steady decline this year — after topping …

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Anti-Vax Nurse Films Herself Getting The Boot [Video]

“I am being escorted out of Kaiser Permanente hospital for my religious beliefs because I don’t want to get the jab. “And I asked all day for someone to explain to me why my sincerely held religious beliefs are not good enough for Kaiser. “And no one was able to do that for me. So now they’re escorting me out …

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Labor Dept: Economy Added 235,000 Jobs In August

The Washington Post reports: The U.S. economy added just 235,000 jobs in August, a disappointing month of hiring as the delta variant caused coronavirus caseloads around the country to spike. The unemployment rate stayed mostly level at 5.4 percent. The stubbornness of the coronavirus, fueled by the transmissibility of the new variant and the country’s large pockets of unvaccinated people, …

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DeSantis Wins Court Battle, Can Block Extra Federal Unemployment Benefits For 500,000 Jobless Floridians

The Tallahassee Democrat reports: A Tallahassee-based judge on Monday ruled that Gov. Ron DeSantis has the authority to block additional federal unemployment benefits to jobless Floridians. Circuit Judge Layne Smith denied a request for a temporary injunction on DeSantis’ decision in June to have Florida withdraw from the Federal Pandemic Unemployment Compensation (FPUC) program. FPUC, which runs through Sept. 6, …

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Labor Dept: Jobless Claims Lowest Since March 2020

Yahoo News reports: Initial unemployment claims fell further last week to the lowest level since March 2020, bringing the level of weekly new filings closer to pre-virus levels. New weekly jobless claims posted a fourth straight weekly decline, coming in yet again below the psychologically important 400,000 level. But even with the drop, new weekly claims are still elevated compared …

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Labor Dept: Jobless Claims Fall For Third Straight Week

CNBC reports: Initial jobless claims declined for the third consecutive week as the U.S. labor market continued its recovery from last year’s recession. New claims for jobless benefits totaled 375,000 last week, the Labor Department said Thursday, matching estimates from economists surveyed by Dow Jones. The reading for the previous week was revised upward by 2,000 to 387,000 claims. The …

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US Added 559K Jobs In May, Unemployment At 5.8%

Bloomberg News reports: U.S. job growth accelerated in May and the unemployment rate fell, signaling firms are making progress filling a record number of openings as the economy powers up. Payrolls increased by 559,000 last month after a revised 278,000 gain in April, according to a Labor Department report Friday. The median estimate in a Bloomberg survey of economists was …

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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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