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Keyword: unemployment

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  • Jobless claims drop 9,000 to 221,000, remain near 45-year low

    02/08/2018 4:54:07 PM PST · by markomalley · 6 replies
    Marketwatch ^ | 2/8/18 | Jeffrey Bartash
    The numbers: Initial U.S. jobless claims fell by 9,000 to 221,000 in the seven days ended Feb 3. Economists surveyed by MarketWatch forecast a 235,000 reading.The more stable monthly average of claims declined by 10,000 to 224,500, the government said Thursday. That’s the lowest level since March 1973.The number of people already collecting unemployment benefits, known as continuing claims, dropped by 33,000 to 1.92 million.What happened: Missouri, California and New York saw big declines in unadjusted jobless claims, but in most states there was little change.
  • Michigan Approves $360 in Weekly Unemployment to a German Shepherd

    02/05/2018 8:20:21 PM PST · by Tolerance Sucks Rocks · 30 replies
    The Daily Signal ^ | February 2, 2018 | Amber Randall
    A Michigan dog owner was surprised to find out that the state approved his German shepherd for weekly unemployment benefits. The Michigan Unemployment Insurance Agency sent a letter to lawyer Michael Haddock saying that a Michael Ryder was approved to receive $360 a week in unemployment, reports ABC News. The only problem is that Ryder is Haddock’s German shepherd. The letter claimed that Michael Ryder worked at a restaurant chain in Detroit, Michigan. “I’m not sure what he’s going to do with the money,” Haddock said.
  • Labor Department: US Added 2,553,000 Jobs Since Trump’s Election, Unemployment at 17-Year Low

    02/02/2018 11:23:23 AM PST · by Thalean · 9 replies
    National Economics Editorial ^ | Feb 2, 2018 | Editorial Staff
    Our strong economy continues to grow, as 200,000 new jobs were added in January 2018. Since Election Day 2016, American job creators have added 2,553,000 new jobs. The unemployment rate remains at a 17-year low of 4.1%. Job growth in construction was strong in January, with 36,000 new jobs created. January saw the third consecutive monthly rise in the wage growth rate, with a 2.9% 12-month increase in average hourly earnings. December 2017 wage growth rate was revised up to 2.7%; November 2017 was 2.5%. This may be the start of a welcome trend in wage gains, and marks the...
  • 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...
  • President Trump: A year of real change

    01/20/2018 4:24:17 PM PST · by Kaslin · 8 replies
    Washington Examiner ^ | January 20, 2018 | President Donald J. Trump
    Even as Democrats continue to obstruct and play politics, I have never stopped fighting for the people, and I have no intention of changing course. I promised Jan. 20, 2017, would be remembered as a new day for all Americans – the day the people became the rulers of this nation once again. For the past 365 days, that promise has been my guide. We are putting America first, making real change in Washington, and creating opportunities for all of our people. From coast to coast, there is a renewed spirit. Our country is roaring back more quickly than anyone...
  • Roaring Economy: Jobless Claims Drop to Lowest Level in 45 Years, GOP Polling Rebounds

    01/19/2018 11:31:19 AM PST · by Kaslin · 19 replies
    Townhall.com ^ | January 19, 2018 | Guy Benson
    If you're a Republican Trump supporter, the last few months have offered little in the way of positive polling news.  The last few days, however, have offered several glimmers of hope, all of which are linked to the robust economy.  We've been covering the drumbeat of upbeat economic news -- from low unemployment, to widespread optimism, to strong growth, to a booming stock market.  Here's a new piece of the larger puzzle, via the Washington Examiner: New applications for unemployment insurance benefits plunged by 41,000 to 220,000 in the second week of 2018, the Labor Department reported Thursday, the lowest level...
  • Number of workers receiving unemployment benefits falls to lowest level in 44 years

    01/11/2018 7:59:21 AM PST · by SeekAndFind · 12 replies
    Washington Examiner ^ | 01/10/2018 | by Joseph Lawler
    The total number of workers receiving unemployment benefits fell to the lowest level in 44 years to end 2017, the Department of Labor reported Thursday. Altogether, 1.87 million people received unemployment insurance benefits in the last week of the year, the lowest such seasonally-adjusted mark since December of 1973. Benefits are available for up to 26 weeks in most states. The low number of people utilizing unemployment insurance is a good sign for the economy. Fewer people seeking unemployment benefits suggests that fewer people are getting laid off. Total claims have scraped the lowest levels in decades several times in...
  • President Trump 'So Happy' Black Unemployment Rate At A Historic Low

    01/06/2018 7:10:06 PM PST · by E. Pluribus Unum · 17 replies
    National Propaganda Radio ^ | January 6, 2018 | BRAKKTON BOOKER
    President Trump took to Twitter on Saturday to highlight the historic drop in the unemployment rate among African-Americans, a day after the Bureau of Labor Statistics announced that the rate fell below 7 percent for the month of December — the lowest mark for black Americans since the bureau began tracking the data in the early 1970s. "The African American unemployment rate fell to 6.8%, the lowest rate in 45 years. I am so happy about this News! And, in the Washington Post (of all places), headline states, 'Trumps first year jobs numbers were very, very good.' " Donald J....
  • Black unemployment rate falls to record low

    01/05/2018 8:06:09 AM PST · by E. Pluribus Unum · 31 replies
    CNBC ^ | 2018-01-05 | Liz Moyer
    Bureau of Labor Statistics reports 6.8 percent unemployment rate for black workers in December, lowest in the 45 years the data has been tracked. Unemployment overall was 4.1 percent. Unemployment among black workers is at its lowest since at least the early 1970s, when the government began tracking the data. The black unemployment rate of 6.8 percent in December was the lowest since the Bureau of Labor Statistics started tracking it in 1972, a year in which the rate ranged from 11.2 percent and 9.4 percent. In the 45 years the data has been tracked, the unemployment rate for black...
  • African-American unemployment hits lowest rate in history

    01/05/2018 6:54:33 AM PST · by GonzoII · 66 replies
    AP/American Thinker ^ | January 5, 2018 | Thomas Lifson
    It has taken less than one year of Trump regulation-cutting, and just the prospect of tax reform, to create the best employment prospects for African-Americans in history, according to employment data just released this morning. Christopher Rugaber of the Associated Press reports: The unemployment rate remained 4.1 percent for a third straight month, the lowest level since 2000, the Labor Department said Friday.
  • Job-cut announcements in 2017 see lowest level since 1990, Challenger report says

    01/04/2018 9:29:44 AM PST · by gubamyster · 4 replies
    CNBC ^ | 01/04/2018 | Chloe Aiello
    U.S. employers announced plans to cut 32,423 jobs in December, bringing the year's total to a low not seen since 1990, global outplacement consultancy Challenger, Gray & Christmas reported Thursday. "The tight labor market, coupled with uncertainty surrounding health care and tax legislation, possibly kept employers from making any long-term staffing decisions this year," CEO John Challenger said in a statement. "However, 2018 may see an increase in job cut announcements, as companies realign with consumer demand." Cuts in 2017 totaled 418,770, 20 percent below 2016's number. In 1990, companies announced plans to cut 316,047 jobs. Last month saw 7.4...
  • Macron under fire over plans to slash benefits for unemployed who refuse work in France

    12/28/2017 6:31:07 AM PST · by Olog-hai · 8 replies
    TheLocal.fr ^ | 28 December 2017 09:37 CET+01:00 | AFP
    French President Emmanuel Macron has come under fire over his policy on jobless benefits after a press leak pointed to plans to tighten monitoring of people on the dole. The investigative weekly Canard Enchainé, citing an internal memo, said those receiving jobless benefits would be required to submit a monthly report on their job-hunting efforts. Politicians both to the left and the right of the centrist president assailed the idea of a monthly reporting requirement, with the Socialist Party tweeting that it was first mooted by the head of the employers’ federation, Pierre Gattaz. But Macron defended the plan in...
  • Alabama unemployment rate tied with record low

    12/27/2017 6:15:16 AM PST · by rlbedfor · 12 replies
    http://www2.labor.alabama.gov/LAUS/clfbycnty.aspx
  • The First Black President? Black Unemployment Levels Near All-Time Lows

    12/20/2017 6:30:59 PM PST · by MountainWalker · 8 replies
    Ace of Spades HQ ^ | 12/20/2017 | Ace of Spades
    This racist president is oppressing vulnerable communities of color with steady work. Here's a story you were very unlikely to see on CNN, MSNBC, in the New York Times or the Washington Post. As much as low unemployment numbers are a non-story for much of the MSM as long as there’s a Republican in the White House, one specific segment of the employment forces is making inroads rarely, if ever, seen before. Unemployment among black Americans has been hovering at or just above seven percent for past couple of months. That's still shamefully worse than the overall unemployment figure,...
  • Nolte: 7 Amazing Facts About Trump’s Economy Media Don’t Want You to Know

    12/19/2017 9:46:46 AM PST · by davikkm · 17 replies
    breitbart ^ | JOHN NOLTE
    Now that we are a full year into President Trump’s increasingly consequential first term, it is long past time to give him complete ownership of the American economy. If it seems odd to do so after only a year, that is due to former President Barack Obama, who never stopped blaming his predecessor for a recovery that never arrived because Obama could not stop sabotaging it with his anti-growth policies and anti-free market rhetoric. Even lying conspiracy theorists in the media and Democrat Party backed by a special prosecutor, even the gale force wind of hate and lies, have not...
  • Black Unemployment Rate Lowest in 17 Years

    12/18/2017 12:17:18 PM PST · by gubamyster · 42 replies
    CNSNews.com ^ | 12/18/2017 | Michael W. Chapman
    According to the Bureau of Labor Statistics( BLS), the unemployment rate for black Americans is the lowest it has been since the year 2000, 17 years ago. In November, the national unemployment rate for black Americans, ages 16 and over, was 7.3%. The last time it was 7.3% was in the year 2000, during the months September, October and November. During the Bush and Obama years (2001 -2016), the black unemployment rate fluctuated between 7.7% and a high of 16.8%. Back in September 2017, the rate was 7.0%, a low that had not been seen since April of 2000. Prior...
  • U.S. jobless claims fall in latest week

    12/14/2017 3:54:24 PM PST · by gubamyster · 2 replies
    Reuters ^ | 12/14/2017 | Reporting By Lucia Mutikani Editing by Chizu Nomiyama
    WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell last week, a government report showed on Thursday. Initial claims for state unemployment benefits declined by 11,000 to a seasonally adjusted 225,000 for the week ended Dec. 9 from an unrevised 236,000 the week before, the Labor Department said. Economists polled by Reuters had forecast claims rising to 239,000 in the latest week. The 4-week moving average was 234,750, a decrease of 6,750 from the previous week’s unrevised average of 241,500.
  • Home Depot just showed who will gain the most from corporate tax cuts

    12/08/2017 11:10:51 AM PST · by spintreebob · 99 replies
    WAPO ^ | 12-7-2017 | David J. Lynch
    With unemployment low and demand for new homes high, a company like Home Depot could be spending most of its surplus billions on raises for workers or the rollout of new stores. Instead, it is using $15 billion to buy back shares of its own stock, a move that will reward shareholders including chief executive Craig Menear. Home Depot’s statement was a reminder that corporate America may have other plans for that cash. Several companies already have indicated that they will use excess funds to pay off debt, increase dividend payments or repurchase their own shares rather than create new...
  • US weekly jobless claims total 236,000 vs 240,000 expected

    12/07/2017 7:03:15 AM PST · by gubamyster · 9 replies
    CNBC ^ | 12/07/2017
    The number of Americans filing for unemployment benefits unexpectedly fell last week, suggesting a rapid tightening of the labor market. Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 236,000 for the week ended Dec. 2, the Labor Department said on Thursday. Data for the prior week was unrevised. It was the third straight weekly decline in claims. Economists polled by Reuters had forecast claims rising to 240,000 in the latest week. Last week marked the 144th straight week that claims remained below the 300,000 threshold, which is associated with a strong labor market. That is the...
  • 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...