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Keyword: jobless

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  • U.S. jobless claims near 44-year low; rate hike expected this month

    03/03/2017 3:22:55 AM PST · by SoFloFreeper · 59 replies
    Reuters ^ | 3/2/17 | Lucia Mutikani
    The number of Americans filing for unemployment benefits fell to near a 44-year low last week, pointing to further tightening of the labor market even as economic growth appears to have remained moderate in the first quarter.
  • Rachel Dolezal Is Nearly Homeless, On Food Stamps And Still White

    02/26/2017 3:25:00 AM PST · by Zakeet · 132 replies
    Daily Caller ^ | February 25, 2017 | Rob Shimshock
    Former NAACP branch president Rachel Dolezal, who lied about being black but still identifies as black, is now jobless, living on food stamps and expects to lose her home next month. "There's no protected class for me," the former NAACP branch president told The Guardian. "I'm this generic, ambiguous scapegoat for white people to call me a race traitor and take out their hostility on. And I'm a target for anger and pain about white people from the black community. It's like I am the worst of all these worlds." Dolezal has applied for over 100 jobs, but has received...
  • Initial jobless claims jump by 21,000 to 6-month high

    12/22/2016 12:02:19 PM PST · by BenLurkin · 8 replies
    marketwatch ^ | 12/22/2016 | Steve Goldstein
    U.S. jobless claims jumped to the highest level since mid-June, the government said Thursday. The Labor Department said jobless claims in the week ending Dec. 17 rose a seasonally adjusted 21,000 to 275,000. Economists polled by MarketWatch expected claims of 258,000. The four-week average of claims, a less volatile indicator, rose by 6,000 to 263,750. ... The ratio of continuing claims to the total number of unemployed was 27% in November, compared to a low of 34% during the previous expansion. That’s an indication of fewer people eligible for unemployment insurance — perhaps, due to the rise of the so-called...
  • Claims for jobless aid reach highest level since early 2015

    05/12/2016 6:34:19 AM PDT · by Olog-hai · 12 replies
    Associated Press ^ | May 12, 2016 9:26 AM EDT | Paul Wiseman
    The number of Americans applying for unemployment benefits rose last week to the highest level since February 2015, more sobering news for the labor market after a disappointing April jobs report. The Labor Department reported Thursday that applications for jobless aid rose by 20,000 to a seasonally adjusted 294,000. The four-week average, a less volatile measure, rose by 10,250 to 268,250, highest in nearly three months. […] “Today’s jobless claims report was a surprise, and not a positive one,” said Jim Baird, chief investment officer at Plante Moran Financial Advisors. “Jobless claims have moved sharply higher in recent weeks, reinforcing...
  • U.S. jobless claims hit 42-1/2-year low as labor market firms

    04/21/2016 8:59:13 AM PDT · by Nachum · 28 replies
    reuters ^ | 4/21/16 | Lucia Mutikani
    The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level since 1973, suggesting an apparent sharp slowdown in economic growth in the first quarter could be temporary. While another report on Thursday showed a mild weakening in factory activity in the mid-Atlantic region in April, manufacturers were fairly upbeat about business prospects in the next six months. This, together with labor market buoyancy bodes well for a pick-up in economic growth in the second quarter. "The labor market continues to improve. If the apparent slowing in GDP in the first quarter was truly a...
  • US weekly jobless claims total 265,000 vs 268,000 estimate

    03/24/2016 6:18:39 AM PDT · by mykroar · 5 replies
    CNBC.com ^ | 3/24/2016 | Reuters
    The number of Americans filing for unemployment benefits rose modestly last week while revisions for prior weeks showed the labor market was much stronger than previously thought. Initial claims for state unemployment benefits increased 6,000 to a seasonally adjusted 265,000 for the week ended March 19, the Labor Department said on Thursday. The prior week's claims were revised to show 6,000 fewer applications received than previously reported. Economists polled by Reuters had forecast claims rising to 268,000 in the latest week. The government also revised data going back to 2011, which showed claims trending lower than previously reported. Claims for...
  • Robert J. Samuelson: Good news for discouraged workers

    03/17/2016 8:18:35 AM PDT · by SeekAndFind · 16 replies
    Deseret News ^ | 03/17/2016 | Robert J. Samuelson
    WASHINGTON — Surprise: America's discouraged workers are finding jobs — or so it seems. Unanticipated by many economists, this is good news for the country (and, assuming it continues, probably for Democrats this fall). Ever since the Great Recession, economists have worried that the severity and length of the slump would forever consign many workers to the sidelines. Their prolonged disconnect from jobs would corrode their morale, contacts and job skills. For years, the numbers seemed to confirm these fears. The labor-force participation rate — the share of Americans 16 and over with a job or looking for one —...
  • The Real Jobless Rate Is 42 Percent? Donald Trump Has a Point, Sort Of

    02/11/2016 6:49:44 AM PST · by SeekAndFind · 15 replies
    New York Times ^ | 02/11/2016 | Neil Irwin
    Donald Trump seems quite certain that the real unemployment rate is higher than the 4.9 percent that the Bureau of Labor Statistics has reported it to be. A lot higher. "Don't believe these phony numbers when you hear 4.9 and 5 percent unemployment," Mr. Trump said in his victory speech after the New Hampshire primary Tuesday night. "The number's probably 28, 29, as high as 35. In fact, I even heard recently 42 percent." Mr. Trump might be bombastic, but he's not entirely wrong. And the ways in which he is wrong are actually useful for anyone who wants to...
  • US weekly jobless claims total 284,000 vs 275,000 estimate

    01/14/2016 7:22:53 AM PST · by mykroar · 6 replies
    CNBC.com ^ | 1/14/2016 | Reuters
    The number of Americans filing for unemployment benefits unexpectedly rose last week, but remained below levels associated with a healthy labor market. Initial claims for state unemployment benefits increased 7,000 to a seasonally adjusted 284,000 for the week ended Jan. 9, the Labor Department said on Thursday. The prior week's claims were unrevised.Still, it was the 45th consecutive week that claims remained below the 300,000 mark, which is associated with strong labor market conditions. That is the longest such stretch since the early 1970s. Economists polled by Reuters had forecast claims slipping to 275,000 in the latest week. The increase...
  • Jobless claims rise to two-month high

    09/03/2015 6:47:36 AM PDT · by mykroar · 5 replies
    MarketWatch ^ | 9/3/2015 | Jeffry Bartash
    WASHINGTON (MarketWatch) — The number of Americans who sought unemployment benefits at the end of August rose to a two-month high, but so-called initial claims are still at very low levels that suggest a low rate of layoffs in the economy. Initial jobless claims in the period running from Aug. 23 to Aug. 29 rose by 12,000 to 282,000, the Labor Department said Thursday. That’s the highest level since the end of June. Still, new claims have been under the key 300,000 level for the past six months, the longest streak since 2000. The average of new claims over the...
  • Unemployment Lower, Not Working At Record High

    03/07/2015 7:02:02 AM PST · by TurboZamboni · 15 replies
    WIBW ^ | 3-6-15 | CNNMoney/WIBW
    NEW YORK (CNNMoney/WIBW) -- There is good news, but there are still serious concerns because only 123,000 of those jobs were full time. Analysis will be found at the bottom of the story and in attached government reports. Officials claim that the U.S. economy added 295,000 jobs in February, which crushed expectations. That beat the estimate from CNNMoney's survey of economists, who predicted 235,000 job gains.
  • Americans think the unemployment rate is 32 percent

    11/16/2014 5:32:16 PM PST · by 2ndDivisionVet · 48 replies
    Vox ^ | November 15, 2014 | Danielle Kurtzleben
    The latest jobs report showed the unemployment rate was at its lowest level in six years, 5.8 percent. But Americans aren't convinced that things are nearly that good. In a recent Ipsos-MORI poll, 1,001 Americans were asked, "Out of every 100 people of working age, how many do you think are unemployed and looking for work?" Their average response was 32. That's almost 26 percentage points higher than the 6.1-percent jobless rate in August, when the poll was conducted. Americans are way, way off here. But they aren't alone. Here's how other countries' average estimated unemployment rates stack up to...
  • Weekly Jobless Claims Rise Less than Expected, Point to Firming Labor Market

    09/25/2014 8:34:45 AM PDT · by mykroar · 19 replies
    FoxBusiness.com ^ | 9/25/14 | Reuters
    <p>The number of Americans filing new claims for unemployment benefits rose less than expected last week, suggesting an acceleration in job growth in September.</p> <p>Initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 293,000 for the week ended Sept.20, the Labor Department said on Thursday.</p>
  • Jobless Rate 6.1% (Bring back American jobs)

    09/05/2014 5:33:03 AM PDT · by Cringing Negativism Network · 33 replies
    9/5/14 | (frustrated rant)
    The unemployment rate has (once again) disappointed. The problem people, is that America continues to export jobs. Not goods. Jobs.
  • Fed study: Shorter jobless benefits lead to higher employment

    07/22/2014 6:18:16 PM PDT · by Libloather · 21 replies
    Biz Journals ^ | 7/21/14 | Greg Edwards
    If unemployment benefits were cut off earlier in 2013, the long-term unemployed would have been more likely to be re-employed, according to a study by the Federal Reserve Bank of St. Louis. If the benefits, called the Emergency Unemployment Compensation program, expired earlier in 2013, “workers with 46 or more weeks of continuous unemployment would have been 1.2 to 2.1 percentage points more likely to become re-employed,” the St. Louis Fed reported. “Similarly, the long-term unemployed would have been 0.4 to 0.5 percentage points more likely to exit the labor force entirely.”
  • US weekly jobless claims total 317,000 vs 310,000 est; import prices rise

    06/12/2014 5:37:59 AM PDT · by Cringing Negativism Network · 2 replies
    Reuters ^ | 6/12/14 | (unlisted that I can see)
    Economists in a consensus survey expected weekly initial jobless claims to dip by 2,000 to 310,000. ( full story here http://www.cnbc.com/id/101753584 )
  • America's Increasingly Irrelevant 'Unemployment Rate': Inaccurate for measuring labor market health

    05/14/2014 6:32:32 AM PDT · by SeekAndFind · 8 replies
    RCM ^ | 05/14/2014 | Nicholas Eberstadt
    Once upon a time in America, grown men were expected to work a job, women were expected to stay home with the kids, and families were expected to cover expenses with their own earnings. There was no welfare state to step in for the unfortunate, or the feckless. This was the land for which the "unemployment rate" was invented. The "unemployment rate" was a pretty good tool for measuring the problem of workless-ness in that long-forgotten America. But we don't live in that country any more. Consequently, our old-fashioned "unemployment rate" has become an increasingly inaccurate barometer for measuring the...
  • No three-ring circus needed to rig unemployment rate

    05/08/2014 6:36:23 AM PDT · by SeekAndFind · 4 replies
    New York Post ^ | 05/08/2014 | John Crudele
    Not only can the nation’s unemployment rate be manipulated, it is easy to do. And it wouldn’t take a team of conspirators, as a federal investigator alleged, to accomplish that feat. In its report last week, the Commerce Department Inspector General’s office said it found no attempt to manipulate the unemployment statistics during the last presidential election, when the jobless rate suddenly fell sharply. The IG’s most important point: the jobless rate couldn’t be rigged even if someone wanted to because too many people would have to be involved. Let me give you the exact statement from the report: “Addressing...
  • Haven't We Struggled and Suffered Enough?

    04/11/2014 11:38:26 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | April 11, 2014 | Donald Lambro
    WASHINGTON - The news is filled with bleak reports that continue to cast a pall of gloom over many Americans who say life for them is a daily struggle. Two deeply troubling stories appearing in the papers this week were typical of the growing problems that afflict so many Americans in a still very weak, job-deficient, low-paying economy. A front page story in The Washington Post under the headline, "A choice between buying books and eating," reports that "more college students are going hungry." "The number of food pantries on college campuses has increased rapidly in the past six years...
  • U.S. Jobless Claims Rise Less Than Expected Last Week

    03/20/2014 7:02:59 AM PDT · by mykroar · 15 replies
    FoxBusiness.com ^ | 3/20/2014 | Reuters
    <p>The number of Americans filing new claims for unemployment benefits rose less than expected last week, pointing to some underlying strength in the labor market.</p> <p>Initial claims for state unemployment benefits increased 5,000 to a seasonally adjusted 320,000, the Labor Department said on Thursday. Claims for the week ended March 8 were unrevised.</p>