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Keyword: joblessclaims

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  • U.S. Weekly Jobless Claims Edge Down To 256,000

    07/28/2022 7:09:43 AM PDT · by ConservativeInPA · 15 replies
    Business Insider ^ | July 28, 2023 | RTTNews
    (RTTNews) - After reporting modest increases in first-time claims for U.S. unemployment benefits over the three previous weeks, the Labor Department released a report on Thursday showing a slight pullback in initial jobless claims in the week ended July 23rd. The report showed initial jobless claims edged down to 256,000, a decrease of 5,000 from the previous week's revised level of 261,000.
  • Fewest Americans Collecting Jobless Aid Since 1970

    04/21/2022 3:23:32 PM PDT · by nickcarraway · 20 replies
    AP News ^ | 4/21/22 | Matt Ott
    Applications for unemployment benefits inched down last week as the total number of Americans collecting aid fell to its lowest level in more than 50 years. Jobless claims fell by 2,000 to 184,000 last week, the Labor Department said Thursday. The four-week average of claims, which levels out week-to-week volatility, rose by 4,500 to 177,250. About 1.42 million Americans were collecting traditional unemployment benefits in the week of April 9, the fewest since February 21, 1970.
  • US jobless claims rise to 3-month high

    01/20/2022 6:54:54 AM PST · by John W · 13 replies
    Yahoo Finance ^ | January 20, 2022 | Emily McCormick
    Weekly new jobless claims unexpectedly jumped last week by the most since October, with some renewed virus-related disruptions at least temporarily impeding the labor market's recovery. The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Initial jobless claims, week ended Jan. 15: 286,000**** vs. 225,000 expected and a revised 231,000 during prior week Continuing claims, week ended Jan. 8: 1.635 million vs. 1.563 million expected and a revised 1.551 million during prior week Initial unemployment claims rose for a...
  • Number of new US jobless claims fall to 376,000 - the sixth straight drop - but 3.5 million Americans are STILL on Biden's unemployment benefits

    06/10/2021 6:38:56 AM PDT · by knighthawk · 5 replies
    UK Daily Mail ^ | June 10 2021 | ASSOCIATED PRESS
    The number of Americans applying for unemployment benefits fell for the sixth straight week as the U.S. economy reopens rapidly after being held back for months by the coronavirus pandemic. Jobless claims fell by 9,000 to 376,000 from 385,000 the week before, the Labor Department reported Thursday. The number of people signing up for benefits exceeded 900,000 in early January and has fallen more or less steadily ever since. Still, claims are high by historic standards. Before the pandemic brought economic activity to a near-standstill in March 2020, weekly applications were regularly coming in below 220,000. Nearly 3.5 million were...
  • Jobless claims unexpectedly spikes: Another 861,000 Americans filed new unemployment claims

    02/18/2021 9:42:04 AM PST · by SeekAndFind · 48 replies
    Yahoo Finance ^ | 02/18/2021 | Emily McCormick
    Weekly unemployment claims unexpectedly surged last week, rising above 800,000 as the labor market recovery stalled. The Department of Labor released its weekly report on new jobless claims Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg: * Initial jobless claims, week ended February 13: 861,000 vs. 773,000 expected and an upwardly revised 848,000 during prior week * Continuing claims, week ended February 6: 4.494 million vs. 4.425 million expected and an upwardly revised 4.558 million during prior week At 861,000, new jobless claims posted a surprise back-to-back weekly...
  • Jobless Claims Top 800,000 For Third Straight Week

    12/23/2020 8:26:42 AM PST · by ChicagoConservative27 · 7 replies
    Breitbart ^ | 12/23/2020 | John Carney
    New weekly jobless claims fell by 89,000 to 803,000 in the week that ended December 19, the Department of Labor said Wednesday. The prior week’s initial claims number was revised up to 892,000 from the initial estimate of 885,000.
  • Audit: Michigan May Have Paid Billions in ‘Fraudulent’ Jobless Claims; Gretchen Whitmer Administration Hit with ‘Kickback’ Allegations

    11/27/2020 12:09:44 AM PST · by knighthawk · 21 replies
    Breitbart ^ | November 26 2020 | KYLE OLSON
    An independent audit of the unemployment benefits system found the administration of Michigan Gov. Gretchen Whitmer (D) paid up to $1.5 billion in “fraudulent” claims. Fox 17 reported on the investigation of the Michigan Unemployment Insurance Agency (UIA) conducted by Deloitte: “The company interviewed 24 UIA and Department of Labor and Economic Opportunity (LEO) personnel including executive leadership. They reviewed documents, emails, charts, polices, and federal and state UI guidance.” The report found the agency paid $22.9 billion in claims from March 15, 2020, to October 23, 2020, as the unemployment rate skyrocketed from 3.6 percent to 24 percent amid...
  • Meltdown Slowing: 1.5 Million New Jobless Claims Last Week, an overall decrease in continuing claims

    06/11/2020 7:18:16 AM PDT · by SeekAndFind · 4 replies
    Hotair ^ | 06/11/2020 | Ed Morrissey
    Looks like Steve Mnuchin didn’t entirely buy the idea that the country’s economic woes over the COVID-19 pandemic and shutdown are over, either. Nor should he, as today’s weekly initial jobless claims report attests. Despite the surprising return to work shown in May, new jobless claims continued at pre-COVID-19 record levels, although still slowing: In the week ending June 6, the advance figure for seasonally adjusted initial claims was 1,542,000, a decrease of 355,000 from the previous week’s revised level. The previous week’s level was revised up by 20,000 from 1,877,000 to 1,897,000. The 4-week moving average was 2,002,000,...
  • Jobless Claims Fall By More Than Expected to 214,000

    01/09/2020 9:46:10 AM PST · by Red Badger · 23 replies ^ | 9 Jan 2020 | John Carney
    Fewer Americans filed first time applications for unemployment benefits last week, as the labor market appears to be holding up at a stronger level than expected. New applications for state unemployment benefits fell 9,000 to a seasonally adjusted 214,000, the Labor Department said Thursday. This was the fourth consecutive weekly decline, largely reversing the climb in claims in early December. The higher numbers in the first weeks of December led some to believe the labor market was cooling. Economists had expected claims to come in at 219,000.
  • US weekly jobless claims increase slightly; Sustained market strength despite slowing GDP

    08/29/2019 11:50:34 AM PDT · by SeekAndFind · 5 replies
    CNBC ^ | 08/29/2019
    The number of Americans filing applications for unemployment benefits rose moderately, pointing to sustained labor market strength despite slowing economic growth. Initial claims for state unemployment benefits increased 4,000 to a seasonally adjusted 215,000 for the week ended Aug. 24, the Labor Department said on Thursday. Data for the prior week was revised to show 2,000 more applications received than previously reported. Last week’s increase in claims was in line with economists’ expectations. The Labor Department said only claims for the Virgin Islands were estimated last week. The four-week moving average of initial claims, considered a better measure of labor...
  • U.S. jobless claims fall to 49-year low, below all forecasts

    04/04/2019 8:07:17 AM PDT · by Red Badger · 64 replies ^ | April 04 2019, 8:36am EDT | Staff
    Filings for U.S. unemployment benefits unexpectedly fell, dropping to the lowest since December 1969, as the labor market tightened further. Jobless claims decreased to 202,000 in the week ended March 30, below all economist forecasts, Labor Department figures showed Thursday. The four-week average, a less-volatile measure, declined to 213,500, the lowest since October. The surprising drop in claims is an indication that the labor market continued to tighten, with employers holding onto workers and loathe to let them go. The level of continuing claims, which had moved up in recent months, fell the most since November in the week ended...
  • US weekly jobless claims fall to the lowest level since 1969

    01/24/2019 9:33:42 AM PST · by SeekAndFind · 18 replies
    CNBC via Reuters ^ | 01/24/2019
    The number of Americans filing applications for unemployment benefits fell to more than a 49-year low last week, but the drop likely overstates the health of the labor market as claims for several states including California were estimated. Still, labor market conditions remain strong, which for now should help to temper fears of a sharp slowdown in economic growth. The economy is facing several headwinds, including a month-long partial shutdown of the federal government, which is starting to hurt both consumer and business confidence. Initial claims for state unemployment benefits dropped 13,000 to a seasonally adjusted 199,000 for the week...
  • US weekly jobless claims rise to 6-month high

    11/29/2018 9:16:48 AM PST · by SeekAndFind · 19 replies
    CNBC via Reuters ^ | 11/29/2018
    * The number of Americans filing applications for jobless benefits increased to a six-month high last week. * The data could raise concerns that the labor market may be slowing. * Initial claims for state unemployment benefits rose 10,000 to 234,000 for the week ended Nov. 24. * It was the highest level of claims since the mid-May, the Labor Department said. The number of Americans filing applications for jobless benefits increased to a six-month high last week, which could raise concerns that the labor market could be slowing. Initial claims for state unemployment benefits rose 10,000 to a seasonally...
  • 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...