Keyword: jobless

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  • 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>
  • Jobless claims climb unexpectedly

    02/27/2014 5:43:16 AM PST · by John W · 37 replies
    www.msnbc.com ^ | February 27, 2014 | Steve Benen
    So far in 2014, initial unemployment claims have been largely stuck, though we were supposed to see some progress this morning. According to the new figures from the Labor Department, we didn’t: The number of people who applied for U.S. unemployment benefits jumped by 14,000 to 348,000 last week to match a five-week high, the Labor Department said Thursday. Economists surveyed by MarketWatch expected claims to total 335,000 on a seasonally adjusted basis. The average of new claims over the past month, a more reliable gauge than the volatile weekly number, was unchanged at 338,250.
  • Rep. Keith Ellison on the CBO report: Hey, Americans work way more than people in other countries

    02/11/2014 6:52:56 AM PST · by SeekAndFind · 16 replies
    Hotair ^ | 02/11/2014 | Erika Johnsen
    Yes, I suppose it’s true that most of the rest of the world works a lot less than Americans do. Their GDPs-per-capita and/or their debt-to-GDP ratios generally tend to correlate accordingly, but whatever. Via RCP:CLICK ABOVE LINK FOR THE VIDEO What the Congressional Budget Office is saying is that we’re going to discourage kids having to have latchkeys. We’re going to have parents being able to come home, working reasonable hours. People are going to be able to retire. People might be able to actually cook dinner rather than have to order out and get some takeout. I mean, the...
  • 1,154,000 Fewer Americans Working Today Than 6 Years Ago

    02/07/2014 7:56:16 AM PST · by rktman · 23 replies
    CNSNews ^ | 2/7/2014 | Ali Meyer
    1,154,000 fewer Americans are working today than six years ago, according to data from the Bureau of Labor Statistics. In January 2008, 146,378,000 Americans 16 and over were employed, and now in January 2014, 145,224,000 are employed, a difference of 1,154,000.
  • Wall Street Jumps After Jobs Data Spark Fed Optimism

    02/07/2014 7:15:24 AM PST · by mykroar · 7 replies
    FoxBusiness.com ^ | 2/7/14 | Adam Samson
    <p>U.S. equity markets zipped higher Friday after a round of weak jobs data inspired hopes the Fed may take more time to boost rates and cut its bond-purchasing program.</p> <p>As of 9:32 a.m. ET, the Dow Jones Industrial Average rose 53.3 points, or 0.35%, to 15675, the S&P 500 gained 8.5 points, or 0.48%, to 1783 and the Nasdaq Composite advanced 28.4 points, or 0.69%, to 4084.</p>
  • U.S. Jobless Claims Fall, Point To Firming Labor Market

    02/06/2014 6:40:10 AM PST · by mykroar · 16 replies
    The number of Americans filing new claims for unemployment benefits fell more than expected last week, in a boost to the labor market outlook and the broader economy. Initial claims for state unemployment benefits declined 20,000 to a seasonally adjusted 331,000, the Labor Department said on Thursday. Claims for the prior week were revised to show 3,000 more applications received than previously reported. Economists polled by Reuters had forecast first-time applications for jobless benefits falling to 335,000 in the week ended Feb. 1. The four-week moving average for new claims, considered a better measure of underlying labor market conditions as...
  • Democrats new argument on Obamacare jobs decline: It reduces ‘job lock’

    02/05/2014 12:16:41 PM PST · by SeekAndFind · 33 replies
    Washington Post ^ | 02/05/2014 | Aaron Blake
    Democrats are increasingly employing a new tack in the battle over a projected reduction of two million jobs due to Obamacare, saying the decline is actually the result of people not being required to work anymore when they don't want to -- a concept labeled "job lock.""Yesterday, the CBO projected that by 2021 the Affordable Care Act will enable more than 2 million workers to escape 'job-lock' – the situation where workers remain tied to employers for access to health insurance benefits," House Minority Leader Nancy Pelosi's (D-Calif.) office said in a news release.The release continued: "In addition to being...
  • CNN exclusive: Obama says Walmart, Apple, others to help jobless

    01/30/2014 4:12:55 PM PST · by Libloather · 27 replies
    CNN ^ | 1/30/14 | Sherisse Pham
    (CNN) -- The White House has secured commitments from some of the nation's largest companies for a plan to boost hiring of the long-term unemployed. "What we have done is to gather together 300 companies, just to start with, including, some of the top 50 companies in the country, companies like Walmart, and Apple, Ford and others, to say let's establish best practices," President Barack Obama told CNN Chief Washington Correspondent Jake Tapper in an exclusive interview. "Because they've been unemployed ... so long, folks are looking at that gap in the resume and they're weeding them out before these...
  • Weekly Jobless Claims Rise to 348,000

    01/30/2014 6:35:30 AM PST · by mykroar
    FoxBusiness.com ^ | 1/30/14 | Reuters
    The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the underlying trend suggested the labor market continued to heal. Initial claims for state unemployment benefits increased 19,000 to a seasonally adjusted 348,000, the Labor Department said on Thursday. Claims for the prior week were revised to show 3,000 more applications received than previously reported. Economists polled by Reuters had forecast first-time applications for jobless benefits rising to 330,000 in the week ended January 25. The four-week moving average for new claims, considered a better measure of underlying labor market conditions as it...
  • Obama to outline new plans for jobless next week

    01/25/2014 2:50:02 PM PST · by NormsRevenge · 54 replies
    Yahoo! News ^ | 1/25/14 | Roberta Rampton - Reuters
    WASHINGTON (Reuters) - President Barack Obama will announce a new plan next week to help Americans who continue to struggle to find jobs even as the economy recovers from recession, his senior adviser, Dan Pfeiffer, said on Saturday. Obama's efforts to help the long-term unemployed are part of an economic strategy he will lay out in his annual State of the Union address on Tuesday and expound upon during a four-state tour, Pfeiffer said in a mass email from the White House. "With some action on all our parts, we can help more job seekers find work, and more working...
  • UN: More than 200 million jobless last year

    01/20/2014 4:24:48 PM PST · by Olog-hai · 7 replies
    Associated Press ^ | Jan 20, 2014 10:47 AM EST
    The United Nations’ labor agency says the number of unemployed people around the world rose above 200 million last year as job opportunities failed to grow at the same pace as the global workforce. The International Labor Organization said Monday that an estimated 201.8 million people were unemployed in 2013. That’s 4.9 million more than the previous year. …
  • Black Labor Force Participation Rate Under Obama Hits Rock Bottom--Lowest Level Ever Recorded

    01/13/2014 9:06:48 AM PST · by kristinn · 40 replies
    The Gateway Pundit ^ | Monday, January 13, 2014 | Kristinn Taylor
    Five years in to Barack Obama’s presidency, the number of African-Americans participating in the labor force has hit rock bottom. The news media has ignored this stunning revelation from Friday’s monthly jobs report by the Labor Department. The exception has been PBS, which interviewed economist Dean Baker who had written about it in a report published Friday. “The drop in labor force participation was sharpest for African Americans, who saw a decline of 0.3 percentage points to 60.2 percent, the lowest rate since December of 1977. The rate for African American men fell 0.7 percentage points to 65.6 percent, the...
  • On Poverty and Unemployment, It's Left Versus Right

    01/11/2014 2:13:57 PM PST · by jfd1776 · 18 replies
    Illinois Review ^ | January 11, 2014 A.D. | John F. Di Leo
    Month after month, the reports are announced: Job losses outpace job gains, every month. Hundreds of thousands leave the workforce, every month. The new jobs – what few there are – are more likely to be part-time than full-time, and to be lower-paying than the ones lost. Too often, the new jobs are the career-enders, not the career starters that new jobs need to be. The story of the cooked books of the unemployment statistics is old news. For years now, the government reports have been leaving out the “non-participation” rate, so the unemployment percentage today bears no resemblance to...
  • Pa. veteran lives out of van, tries to be positive

    01/11/2014 5:32:00 AM PST · by carriage_hill · 72 replies
    The York Dispatch ^ | 1/11/2014 | JULIE ZAUZMER, The Philadelphia Inquirer
    KING OF PRUSSIA, Pa. — After a 30-year military career in which he earned three graduate degrees, rose to the rank of colonel, and served as an aide to Pentagon brass, Robert Freniere can guess what people might say when they learn he's unemployed and lives out of his van: Why doesn't this guy get a job as a janitor? Freniere answers his own question: "Well, I've tried that." Freniere, 59, says that his plea for help, to a janitor he once praised when the man was mopping the floors of his Washington office, went unfulfilled. So have dozens of...
  • Jobless bill stalls in Senate

    01/09/2014 8:35:17 PM PST · by Olog-hai · 16 replies
    Associated Press ^ | Jan 9, 2014 6:56 PM EST | David Espo
    Legislation to resurrect long-term jobless legislation stalled in the Senate on Thursday, triggering recriminations from both sides of the political aisle despite earlier expressions of optimism that benefits might soon be restored for more than 1 million victims of the recession. Gridlock asserted itself after majority Democrats offered to pay for a 10-month extension of a scaled-back program of benefits—then refused to permit Republicans even to seek any changes.Instead, Majority Leader Harry Reid, D-Nev., accused Republicans of “continually denigrating our economy, our president and frankly, I believe, our country.” …
  • Jobless Claims - The Economic Miracle That Wasn't

    12/29/2013 5:32:29 PM PST · by Nachum · 10 replies
    zero hedge ^ | 12/29/13 | tyler durden
    The noise in the jobless claims data over the past few months has been unprecedented and yet the impressive jump lower in recent weeks has been trumpeted as the all-clear for Tapering and as a signal that the recovery is 'real' this time. Except, thanks to a huge 'glitch' in Florida's new CONNECT unemployment claims website, the data is completely FUBAR... Via The Miami Herald, The story so far... Florida’s ongoing claims for unemployment benefits plummeted to the lowest level in six years from mid-October to early December. The average of 20,000 fewer weekly claims from the prior nine weeks...
  • Jobless Benefits Halt May Be Key Issue in Midterms

    12/29/2013 12:07:01 PM PST · by SeekAndFind · 45 replies
    RCP ^ | 12/28/2013 | By Alexis Simendinger
    If lawmakers decide next month to end a high-stakes impasse over extending long-term unemployment insurance benefits that expired Saturday, an estimated 1.3 million jobless Americans may receive compensation for three additional months or longer. However, in allowing the federal benefits to lapse this weekend -- after extending the support 11 times since the recession of 2008 -- Congress may have severed help to nearly 5 million people by the end of 2014, according to the Obama administration. The battle has become the starter’s pistol of the midterm election year, pitting Democrats’ belief that the benefits are necessary and help buoy...
  • Unemployment Benefits Run Out for 1.3 Million Jobless

    12/29/2013 6:58:08 AM PST · by SeekAndFind · 67 replies
    Pajamas Media ^ | 12/28/2013 | Rick Moran
    Extended jobless benefits ran out on Saturday for 1.3 million of the long-term unemployed, and Democrats are looking to make political hay out of the issue.Democrats and some Republicans are working on a three-month extension of benefits that would be the first order of business when Congress returns in January. The bill would add $6 billion to the deficit unless offset by spending cuts elsewhere. The fate of the bill is uncertain in the House. Speaker Boehner hasn’t said he would oppose an extension, but it’s probable that a majority of Republicans would not vote for one unless there were...
  • US Unemployment Aid Applications Surge to 368,000

    12/12/2013 3:59:13 PM PST · by Son House · 5 replies
    ABC News ^ | December 12, 2013 | JOSH BOAK
    The number of people seeking U.S. unemployment benefits rose 68,000 last week to a seasonally adjusted 368,000, the largest increase in more than a year. The surge in first-time applications could be a troubling sign if it lasts. But it likely reflects the difficulty adjusting for delays after the Thanksgiving holiday. Economists will track the next few weeks closely to see if that trend is reversing, or if the surge is a temporary blip caused by seasonal adjustments. The recent drop in layoffs has coincided with a pickup in hiring. The economy has added an average of 204,000 jobs a...
  • Americans’ Participation in Labor Force Hits 35-Year Low

    11/12/2013 3:47:50 PM PST · by Nachum · 20 replies
    Cybercast News Service ^ | 11/12/13 | Ali Meyer
    The percentage of American civilians 16 or older who have a job or are actively seeking one dropped to a 35-year low in October, according to the Bureau of Labor Statistics. In September, the labor force participation rate was 63.2 percent, but in October it dropped to 62.8 percent—the lowest it has been since February 1978, when Jimmy Carter was president. The labor force, according to BLS, is that part of the civilian noninstitutional population that either has a job or has actively sought one in the last four weeks. The civilian noninstitutional population consists of people 16 or older,
  • September employment report disappoints

    10/22/2013 6:28:33 AM PDT · by Cincinatus' Wife · 8 replies
    The Hill ^ | October 22, 2013 | Vicki Needham
    The economy added 148,000 jobs in September, a disappointing number that falls well below expectations. The Bureau of Labor Statistics on Tuesday said the jobless rate fell to 7.2 percent from 7.3, as the economy continues its struggle to generate enough jobs to significantly lower the rate. The report was delayed from Oct. 4 because of the government's 16-day shutdown. Expectations ranged from 150,000 up to 200,000 as many economists thought the economy would show an improvement from a lackluster summer. Jobs were revised up in August to 193,000, from 169,000, but were revised even lower in July to 89,000...
  • Unions by another name? Lawmakers question rise of 'worker centers'

    07/27/2013 9:21:32 AM PDT · by TurboZamboni · 5 replies
    fox ^ | 7-27-13 | Mike Emanuel
    Roughly 200 so-called "worker centers" across the country are representing employees who work in everything from the fast-food industry to the taxi business. But some key Republican lawmakers are asking if those centers are actually acting more like labor unions. The concern is that the rise of these groups has become a way around the rules that govern bona-fide unions -- like requirements to submit financial filings to the feds every year. House education committee Chairman John Kline, R-Minn., and Rep. Phil Roe, R-Tenn., sent a letter this week to newly confirmed Labor Secretary Thomas Perez requesting that he clarify...
  • U.S. jobless claims jump to 2-month high

    07/11/2013 10:53:41 AM PDT · by Nachum · 23 replies
    Market Watch ^ | 7/11/13 | Jeffry Bartash
    WASHINGTON— The number of people who applied for unemployment benefits in the first week of July jumped to the highest level in two months, but the increase may reflect temporary changes in summer employment patterns in large industries such as autos and education. Initial jobless claims rose by 16,000 to a seasonally adjusted 360,000 in the week ended July 6, the Labor Department said Thursday. Economists polled by MarketWatch had expected claims — a proxy for layoffs — to rise to 349,000 in the week ended July 6 from a slightly revised 344,000 in the prior week.
  • Jobless Rate for Poor Black Teen Dropouts? Try 95 Percent

    07/06/2013 1:03:20 PM PDT · by Innovative · 52 replies
    PBS ^ | july 6, 2013 | Paul Solmon
    Paul Solman: And how about kids that are not in school, what percentage of them ages 16 to 19 are not working now? Andrew Sum: Over half. If you're a high school dropout you're talking about 30 percent working. Among high school grads who graduated from high school in the last three years -- we do a separate survey of them the fall after graduation -- 45 percent of them held a job, the lowest in the last 50 years we've been collecting this data. And to make it worse, of that 45 percent, only half of them were able...
  • Jobless claims fall to 346,000 in latest week

    06/27/2013 5:49:13 AM PDT · by mykroar · 14 replies
    Reuters.com ^ | 6/27/2013 | Reuters
    The number of Americans filing new claims for unemployment benefits fell slightly last week in line with the recent moderate pace of jobs growth. Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 346,000, the Labor Department said on Thursday. Claims for the previous week were revised to show 1,000 more applications than previously reported. Economists polled by Reuters had expected first-time applications to fall to 345,000 last week. The four-week moving average for new claims, which irons out week-to-week volatility, fell 2,750 to 345,750. A Labor Department analyst said no states had been estimated and there...
  • Weekly Jobless Claims Fall More Than Expected

    06/06/2013 6:44:43 AM PDT · by mykroar · 13 replies
    FoxBusiness.com ^ | June 06, 2013 | Reuters
    <p>The number of Americans filing new claims for unemployment benefits fell last week, pointing to moderate job growth despite slowing economic activity.</p> <p>Initial claims for state unemployment benefits declined 11,000 to a seasonally adjusted 346,000, the Labor Department said on Thursday. Claims for the prior week were revised to show 3,000 more applications received than previously reported.</p>
  • Obamamcare + Food Stamps = Jobless Recovery

    05/17/2013 8:04:28 AM PDT · by SeekAndFind · 11 replies
    Forbes ^ | 05/17/2013 | Louis Woodhill
    If President Obama were to stand before the magic mirror and chant, “Mirror, mirror, on the wall, whose is the most jobless recovery of them all?” the mirror would answer, “Yours is, Master.” We are now 46 months into our third jobless recovery since 1991, and this one is the most jobless by far. But wait! First quarter GDP growth was up from 4Q2012, and the stock market is hitting new highs almost every day. Doesn’t that mean that there is finally hope for the labor market? No, it does not. With current economic policies, the employment picture is not...
  • Jobless claims jump in warning sign for labor market [360k]

    05/16/2013 6:29:05 AM PDT · by Red Badger · 36 replies
    Reuters ^ | Thu May 16, 2013 8:36am EDT | Staff
    The number of Americans filing new claims for unemployment benefits climbed last week at the fastest pace in six months, a worrisome sign for the economy which has been hit by government austerity. Initial claims for state unemployment benefits jumped by 32,000 to a seasonally adjusted 360,000, the Labor Department said on Thursday. That was the biggest jump since November and confounded analysts' expectations for a more modest increase. Claims for the prior week were revised to show 5,000 more applications received than previously reported.
  • Obama to tap Pritzker, Froman for economic jobs

    05/02/2013 4:45:31 AM PDT · by TurboZamboni · 8 replies
    AP/pioneer press ^ | 5-2-13 | JULIE PACE
    WASHINGTON—President Barack Obama on Thursday will nominate a longtime fundraiser to run the Commerce Department and a top economic adviser as the next U.S. Trade Representative, a White House official said. Commerce nominee Penny Pritzker, a businesswoman, philanthropist and Hyatt hotel heiress, is Obama's final pick to fill vacancies among Cabinet secretaries in his second term. The Commerce post has been vacant since last summer, when former Secretary John Bryson resigned after he said he suffered a seizure that led to a series of traffic collisions. USTR nominee Michael Froman is one of Obama's senior economic advisers and a former...
  • Baja Fresh closing all Phoenix-area locations

    04/23/2013 6:05:42 AM PDT · by Accessible Pudding · 7 replies
    Phoenix Business Journal ^ | 04-15-2013 | Tim Gallen
    All Phoenix-area locations of the Irvine, Calif.-based restaurant chain will be closed starting tomorrow, according to the Phoenix New Times.
  • Jobless Claims Back on Track; Inflation Eases Off

    04/11/2013 6:07:25 AM PDT · by mykroar · 18 replies
    CNBC.com ^ | 4/11/2013 | Reuters
    The number of Americans filing new claims for unemployment benefits fell more than expected last week, which could ease fears of a marked deterioration in labor market conditions after a surprise stumble in job growth in March. Also in economic news, U.S. import prices fell in March as weak petroleum costs offset a spike in food prices, according to a government report that pointed to benign inflation pressures. Initial claims for state unemployment benefits dropped 42,000 to a seasonally adjusted 346,000, the Labor Department said on Thursday, unwinding the jump in the prior week related to difficulties adjusting the data...
  • Warnaco To Close; 208 Milford Jobs Cut (Connecticut)

    04/06/2013 12:11:13 AM PDT · by 2ndDivisionVet · 4 replies
    The Hartford Courant ^ | April 3, 2013 | Luther Turmelle
    Clothing maker The Warnaco Group, recently acquired by New York City-based PVH Corp., is closing its operations at 470 Wheeler's Farms Road in Milford in early June and is laying off 208 people in the process. The layoffs are part of 1,000 that PVH is making as it closes former Warnaco's offices in Florence, Italy; Duncansville, Pa.; Huntingdon, Pa.; New York City, and Hong Kong, in addition to Milford. PVH, which owns and markets the Tommy Hilfiger brand, announced in October it was acquiring Warnaco, whose brands included Calvin Klein and Speedo swimwear, and completed the $2.8 billion cash and...
  • Unemployment-aid applications jump to 385,000

    04/04/2013 8:25:13 AM PDT · by xzins · 18 replies
    Washington Times ^ | April 4, 2013 | Christopher S. Rugaber
    WASHINGTON (AP) — The number of Americans seeking unemployment aid rose to a four-month high last week, although the increase partly reflects seasonal distortions around the spring holidays. The Labor Department says weekly applications increased 28,000 to a seasonally adjusted 385,000. That is the highest level since late November. The four-week average, a less volatile measure, rose to 354,250.
  • U.S. jobless claims climb to four-month high

    04/04/2013 5:47:58 AM PDT · by Accessible Pudding · 22 replies
    Market Pulse ^ | 04-04-2013 | Jeffry Bartash
    The number of people who applied for new unemployment benefits jumped 28,000 to a four-month high of 385,000 in the week ended March 30, the Labor Department said Thursday.