New filings for U.S. jobless benefits last week dropped to the lowest point since 1969 as the tight labor market showed no sign of cooling. The number of new claims fell to 187,000 from 215,000 in the prior week, significantly below the pre-pandemic level in 2019 of 218,000, according to government ... READ MORE >
continuing claims
Chart of the day: Initial jobless claims inch up
Initial jobless claims inched up by 11,000 last week, most likely a temporary spike as most of the increase came from New York and California with 16,000 and 6,000 new claims, respectively, according to government data released Thursday. Despite the normal fluctuation of the claims data, new filings ... READ MORE >
Initial jobless claims at lowest point since December as omicron retreats
New filings for jobless benefits fell below the pre-pandemic level for the first time since December as the economy continued to recover from the omicron surge, according to government data released Thursday. New filings—a proxy for layoffs—dropped to 215,000 for the week ending Feb. 26 from an ... READ MORE >
Chart of the day: Initial jobless claims continue to decline
Initial jobless claims last week continued to trend down toward the pre-pandemic level after a period of temporary increases because of the omicron variant. New filings for the week ending Feb. 19 dropped to 232,000 from 249,000 in the prior week, only 14,000 claims away from the 2019 average. The ... READ MORE >
Initial jobless claims remain below pandemic level despite seasonal uptick
New filings for unemployment insurance last week ticked up to 207,000 from 198,000, continuing to stay below the pre-pandemic level amid a tight labor market where businesses are holding onto their workers. The headline number for jobless claims has been below the 2019 average of 218,000 for the past ... READ MORE >
Initial jobless claims remain below pre-pandemic level despite seasonal volatility
New filings for jobless benefits last week advanced to 206,000, remaining below the pre-pandemic level from 2019 after falling to a 52-year low the week before at an upwardly revised 188,000—which many attributed to the seasonal adjustments around the holidays. We expect the claims data to be highly ... READ MORE >
Initial jobless claims fall to 52-year low amid labor shortages
New filings for jobless benefits dropped to the lowest level since 1969 last week as robust labor demand continued to leave businesses with no choice but to hold on to their workers. The claims fell to 184,000 for the week ending Dec. 4, down from 227,000 in the previous week, according to Labor ... READ MORE >
Initial jobless claims tick up but labor market remains tight
New filings for jobless claims rose on a seasonally adjusted basis to 222,000 for the week ending Nov. 27, beating expectations and continuing the overall improvement of the labor market, according to government data released Thursday. After a sharp drop in the week before Thanksgiving, the new jobless ... READ MORE >
Chart of the day: Decline in initial jobless claims slows
New filings for jobless claims showed little change for the week ending Nov. 13 with a decrease of 1,000 from the prior week to 268,000, according to data from the Labor Department released on Tuesday. The steady weekly declines in new claims in early October have slowed significantly in the first two ... READ MORE >
Jobless claims hit pandemic low as labor market recovers
New filings for jobless claims dropped to another pandemic low last week as jobs remain plentiful while employers continue to compete for employees. Initial jobless claims, a proxy for layoffs, fell to 281,000 for the week ending Oct. 23, according to government data released Thursday. The same figure ... READ MORE >