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Keyword: joblessclaims

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  • Retail sales surged in May as weekly jobless claims fall

    06/14/2018 9:53:19 AM PDT · by SeekAndFind · 3 replies
    Retail sales increased more than expected in May as consumers bought motor vehicles and a range of other goods even as they paid more for gasoline, the latest indication of an acceleration in economic growth in the second quarter. Other data on Thursday showed a further tightening in labor market conditions, with first-time applications for unemployment benefits unexpectedly falling last week and the number of Americans on jobless rolls declining to a near 44¹/₂-year low. The reports came a day after the Federal Reserve raised interest rates for a second time this year and offered an upbeat assessment of the...
  • Number of people receiving unemployment benefits running at 44-year lows

    04/12/2018 7:07:28 AM PDT · by SeekAndFind · 13 replies
    Washington Examiner ^ | 04/12/2018 | Joseph Lawler
    The number of people receiving unemployment benefits is running at the lowest level in 44 years, the Department of Labor reported Thursday. Altogether, 1.88 million people were receiving jobless benefits at the end of March. That was low enough to sent the monthly average for such claims down to 1.85 million, the lowest such mark since January of 1974, when the total workforce was much smaller. Unemployment benefits are available for up to 26 weeks in most states. During the worst of the recession, as many as 6.5 million workers were getting unemployment insurance. As for new claims for unemployment...
  • Booming: Jobless Claims Hit Lowest Level Since the Nixon Administration

    03/30/2018 7:01:07 AM PDT · by SeekAndFind · 20 replies
    Townhall ^ | 03/30/2018 | Guy Benson
    Tax reform may not be generating the drumbeat of positive headlines that it once was, but the progress and successes it has created continue to pile up.  Walgreens has affirmed a $100 million investment in raising employees' wages thanks to the GOP-passed law, as McDonald's unveils new education benefits, also to the tune of nine figures, for its workers.  Meanwhile, House Speaker Paul Ryan is touting the decision of a smaller Maryland-based company that he visited last fall to offer tax reform bonuses of up to $1,000.  More than four million US workers have received such bonuses from their employers...
  • US jobless claims unexpectedly fall as job market strengthens

    02/01/2018 7:36:58 AM PST · by SeekAndFind · 28 replies
    CNBC via Reuters ^ | 02/01/2018
    The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a tightening labor market and strengthening economy at the start of the year. Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 230,000 for the week ended Jan. 27, the Labor Department said on Thursday. Data for the prior week was revised to show 2,000 fewer claims received than previously reported. Economists polled by Reuters had forecast claims rising to 238,000 in the latest week. The Labor Department said claims for Maine were estimated last week. It also said claims-taking procedures in Puerto...
  • U.S. private payrolls growth accelerates; jobless claims up

    01/04/2018 7:36:56 AM PST · by SeekAndFind · 7 replies
    Reuters ^ | 01/04/2018 | Lucia Mutikani
    U.S. private employers stepped up hiring in December and planned layoffs by American-based companies fell sharply, pointing to sustained labor market strength that likely keeps the Federal Reserve on course to increase interest rates in March. Other data on Thursday showed a third straight weekly rise in first-time applications for unemployment benefits, though that probably reflected volatility around the end-of-year holidays. The Labor Department said claims data for some states, including California, Massachusetts, North Carolina and Virginia, had been estimated. The labor market is near full employment, with the jobless rate at a 17-year low of 4.1 percent. Higher jobless...
  • Jobless claims fall slightly in Thanksgiving week, layoffs remain near 45-year low

    11/30/2017 8:42:05 AM PST · by SeekAndFind · 4 replies
    Morningstar ^ | 11/30/2017 | By Jeffry Bartash, MarketWatch
    Initial jobless claims drop 2,000 to 238,000; Puerto Rico plunge The numbers: Initial U.S. jobless claims, a tool to measure layoffs, fell by 2,000 to 238,000 in the seven days ended Nov. 25, a week that included the Thanksgiving holiday. Economists surveyed by MarketWatch had forecast claims to total 240,000. The more stable monthly average of claims rose 2,250 to 242,250, the government said Thursday. The number of people already collecting unemployment benefits, known as continuing claims, increased by 42,000 to 1.96 million. What happened: New applications for unemployment benefits have subsided to a nearly 45-year low after a mini-surge...
  • U.S. Jobless Claims Fall to 44-Year Low After Hurricane Disruptions

    10/19/2017 12:29:28 PM PDT · by SeekAndFind · 8 replies
    Fox Business ^ | 10/19/2017 | By Sharon Nunn and Josh Mitchell
    WASHINGTON The number of Americans filing applications for new unemployment benefits fell to the lowest level in 44 years, reflecting power outages in storm-ravaged Puerto Rico and the U.S. Virgin Islands that have disrupted the application process. Initial jobless claims, a proxy for layoffs across the U.S., fell by 22,000 to a seasonally adjusted 222,000 in the week ended Oct. 14, the Labor Department said Thursday. The sharp drop obscures underlying trends in the labor market. Many applying for unemployment benefits in Puerto Rico and the U.S. Virgin Islands, which were recently devastated by Hurricanes Irma and Maria, must...
  • Initial jobless claims slump to 44-year low

    10/19/2017 6:28:06 AM PDT · by John W · 32 replies ^ | October 19, 2017 | Jeffry Bartash
    Initial jobless claims, a way to measure layoffs, sank by 22,000 to 222,000 in the week ended Oct. 14. Thats the lowest figure since March 1973 and well below the 244,000 MarketWatch forecast. The more stable monthly average of claims declined by 9,500 to 248,250, though it remains somewhat elevated because of the recent hurricanes.
  • US jobless claims fall, but impacted by Harvey and Irma

    09/14/2017 8:40:04 AM PDT · by SeekAndFind · 4 replies
    CNBC ^ | 09/14/2017
    * The number of Americans filing for unemployment benefits unexpectedly fell last week. * The data was impacted by hurricanes Harvey and Irma. * Initial claims for state unemployment benefits declined 14,000. The number of Americans filing for unemployment benefits unexpectedly fell last week, but the data was impacted by hurricanes Harvey and Irma, making it difficult to get a clear pulse of the labor market. Initial claims for state unemployment benefits declined 14,000 to a seasonally adjusted 284,000 for the week ended Sept. 9, the Labor Department said on Thursday. A Labor Department official said hurricanes Harvey and Irma...
  • US jobless claims rise marginally as labor market tightens

    09/01/2017 8:37:05 AM PDT · by SeekAndFind · 12 replies
    CNBC ^ | 08/31/2017
    The number of Americans filing for unemployment benefits rose slightly last week, pointing to sustained labor market strength that should continue to support the economy. Initial claims for state unemployment benefits increased by 1,000 to a seasonally adjusted 236,000 for the week ended Aug. 26, the Labor Department said on Thursday. Data for the prior week was revised to show 1,000 more applications received than previously reported. Claims have now been below 300,000, a threshold associated with a robust labor market, for 130 consecutive weeks. That is the longest such stretch since 1970, when the labor market was smaller. A...
  • Jobless claims drop to 237,000 For First Full Week of June

    06/15/2017 9:06:33 AM PDT · by SeekAndFind · 2 replies
    Washington Examiner ^ | 06/15/2017 | by Joseph Lawler
    New applications for unemployment benefits fell 8,000 to 237,000 in the first full week of June, the Department of Labor reported Thursday. Investors had expected 243,000 new jobless claims. Low jobless claims are a good sign. They indicate that layoffs are relatively rare and that laid-off workers are not showing up at state unemployment agencies to collect benefits. In recent months, jobless claims have scraped the lowest levels in decades, providing one of the most positive signs of the U.S. economy's health. At a press conference Wednesday, Federal Reserve Chairwoman Janet Yellen said that the labor market appears to be...
  • U.S. jobless claims near 44-year low; rate hike expected this month

    03/03/2017 3:22:55 AM PST · by SoFloFreeper · 61 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.
  • 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. Thats an indication of fewer people eligible for unemployment insurance perhaps, due to the rise of the so-called...
  • This Trend Is Not Your Friend - Initial Jobless Claims Average Surges To 10-Month Highs

    01/28/2016 8:42:28 AM PST · by SeekAndFind · 11 replies
    Zero Hedge ^ | 01/28/2016 | Tyler Durden
    Having surged to six-month highs, initial jobless claims dropped modestly on the week but the smoother 4-week average that is broadly used pushed to new cycle highs at 285k - the highest since March 2015 confirming The Fed's concerns over the economy. This is a trend that is certainly not the friend of Janet and her friends... but we are sure this is all just transitory.
  • US jobless claims jump to 7-month high

    01/21/2016 6:30:22 AM PST · by SeekAndFind · 10 replies
    New claims for US unemployment insurance benefits jumped to a seven-month high last week, the Labor Department reported Thursday. Initial jobless claims rose by 10,000 to 293,000 in the week ending January 16, the highest level since early July. But claims, a sign of the pace of layoffs, have remained below 300,000 since late February 2015 as the jobs market tightens. Analysts say volatility is typical in the first weeks of the year. The four-week moving average for claims rose by 6,500 to 285,000. A year ago it was 298,250. The US economy added 2.65 million jobs in 2015, the...
  • Initial Jobless Claims Plunge To 42 Year Lows, Despite Surging Job Cuts

    10/15/2015 8:03:48 AM PDT · by SeekAndFind · 7 replies
    Zero Hedge ^ | 10/15/2015 | Tyler Durden
    The yawning gap between job cuts (surging most since 2009) and initial jobless claims (hovering near 42 year lows) continues to grow as initial jobless claims collapse 7k this week to 255k - the lowest since 1973. Bear in mind, Goldman's explanation that jobless claims are useless in this part of the business cycle..."this does not signal a booming labor market." Charts: BloombergBut as Goldman Sachs confirms... "this does not represent a booming labor market"Although payroll employment growth has slowed in recent months, initial claims for unemployment insurance benefits remain very low. The four-week moving average of initial claims has...
  • Despite Surging Job Cuts, Initial Jobless Claims Tumble Back Near 42 Year Lows

    10/08/2015 7:47:59 AM PDT · by SeekAndFind · 14 replies
    Zero Hedge ^ | 10/08/2015 | Tyler Durden
    Job cuts have already surpassed last year's total, according to Challenger, Gray & Christmas with the highest annual total since 2009, when nearly 1.3 million layoffs were announced at the tail-end of the recession... so how does the government explain the fact that initial jobless claims have once again re-tumbled back to close to 42-year lows...Initial claims dropped 13k this week to 263k - just shy of the lowest levels sicne 1973...As Job cuts soar...One of these is lying... The third quarter ended with a surge in job cuts, as U.S.-based employers announced plans to shed 58,877 in...
  • Raw Jobs Numbers the Press Won't Disclose Paint an Even Uglier Picture Than Currently Reported

    10/04/2015 7:50:22 AM PDT · by rktman · 16 replies ^ | 10/4/2015 | Tom Blumer
    In their coverage of government and other economic reports, the business press routinely tells readers that the figures they are relaying are "seasonally adjusted." That is, raw results are smoothed out to supposedly "remove normal, recurring variations" in data. There's one notable exception: The government's monthly employment report. As has been their habit for as long as I have been following these things, various Associated Press reports in the past several days (examples here, here and here) and at yesterday's New York Times failed to tag yesterday's reported gain in payroll jobs of 142,000 as "seasonally adjusted." There appears to...
  • Weekly Jobless Claims Rise More than Forecast

    10/01/2015 9:13:41 AM PDT · by SeekAndFind · 12 replies
    Fox News ^ | 10/01/2015
    The number of new applications for U.S. jobless benefits rose modestly last week and a gauge of the trend in claims fell, pointing to ongoing tightening in the labor market that could push the Federal Reserve to raise interest rates. Initial claims for state unemployment benefits rose 10,000 to a seasonally adjusted 277,000 for the week ended Sept. 26, the Labor Department said on Thursday. It was the 30th straight week that claims remained below the 300,000 threshold, which is usually associated with a strengthening labor market. The four-week moving average of claims, a closely followed trend measure because it...
  • U.S. Weekly Jobless Claims Edge Down To 271,000

    08/27/2015 6:35:24 AM PDT · by SeekAndFind · 9 replies
    RT News ^ | 08/27/2015
    First-time claims for U.S. unemployment benefits decreased modestly in the week ended August 22nd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged down to 271,000, a decrease of 6,000 from the previous week's unrevised level of 277,000. Economists had expected claims to dip to 270,000. With the drop, jobless claims partly offset the modest increases seen over the past weeks, although they remain above the more than forty-year low of 255,000 set in the week ended July 18th. Meanwhile, the Labor Department said the less volatile four-week moving average ticked...