Posted on 02/06/2020 8:37:31 AM PST by Hojczyk
Layoffs show no sign of rising despite slower economy
The numbers: The number of Americans who applied for unemployment benefits at the end of January fell close to a postrecession low, signaling the U.S. labor market is still rock solid despite stiffer economic headwinds.
Initial jobless claims declined by 15,000 to 202,000 in the seven days ended Feb. 1, the government said Thursday. The figures are seasonally adjusted.
New unemployment applications are seen as a rough measure of how many people are losing their jobs. They touched a 50-year low of 193,000 in April 2019 and have hovered in the low 200,000s since then.
What happened: Raw or unadjusted jobless claims rose the most in Pennsylvania and New York, and recorded the biggest declines in California, Michigan and New Jersey. Claims in all those states were extremely low, however.
(Excerpt) Read more at marketwatch.com ...
A lot of layoffs in the winter are weather related..Snow and cold..
A lot of workers are leaving those blue states for redder pastures. So less jobless claims.
Democrats Outraged!!
Is good economic news still considered “unexpected”?
CA raised min wage to $13 hr on Jan 1st. Likely that’s considered good income if you live in a tent.
Could that headline be any clearer? /s
& Post Christmas.
Unexpectedly.
Many smaller hotel/resorts have temporary layoffs during the winter season also (except the ski resorts, of course).
HOORAY builder...er Chief. Walk softly and carry a big level.
Nancy shredding this as we speak.
Pelosi says that’s a lie.
They can raise it to $100 an hour, for all the difference it would make. There are economics majors. AOC was one. What do they teach them? Do they teach them anything, or just give out diplomas for felating the professor.
Obama’s economic momentum is very long-lasting! CNN headline tomorrow
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