Initial jobless claims continued to decelerate for the sixth straight week as the labor market slowly normalizes, according to government data released Thursday. State employment agencies reported 376,000 new claims for unemployment insurance for the week ending June 5, down from 800,000 claims per ... READ MORE >
initial jobless claims
Initial jobless claims fall to pandemic low of 385,000
As the American economy moves toward its full capacity to produce, the labor market continues to improve. First-time jobless claims fell to a pandemic low of 385,000 for the week ending May 29, according to government data released on Thursday. This report is another in a series of encouraging jobs ... READ MORE >
Initial jobless claims set a new pandemic low
First-time jobless claims for the week ending May 22 declined to 406,000, a new low during the pandemic, putting them on track to breach the 400,000 level in the coming weeks and return to levels not seen since before the pandemic. The number of people filing new claims for federal Pandemic ... READ MORE >
CHART OF THE DAY: First-time jobless claims continue to decline
First-time jobless claims continued their downward march for the week ending May 15, falling to 444,000 as new filings for federal Pandemic Unemployment Assistance declined to 95,086, down from 103,678 for the week ending May 8. There were 3.75 million continuing claims for the week ending May ... READ MORE >
CHART OF THE DAY: Unemployment insurance claims continue to fall
First-time claims for unemployment insurance benefits continue to move in the right direction, falling during the week ending May 8 to 473,000, or a drop of 34,000 in seasonally adjusted terms, according to government data released Thursday. Over the past 13 weeks, initial claims have dropped in ... READ MORE >
Jobless claims: More good news from the labor market
First-time jobless claims declined to 498,000 for the week of May 1 from an upwardly revised 590,000 during the previous week, as continuing claims remained elevated at 3.69 million, according to government data released Thursday. This data will not affect Friday’s employment report, which is now ... READ MORE >
Jobless claims: Labor market is moving in the right direction
First-time jobless claims declined to 547,000 for the week ending April 17 from 586,000 the week before and are well below the 4.2 million claims posted one year ago as the economy was shutting down, according to government data released Thursday. There were no unusual increases or decreases at the ... READ MORE >
Initial jobless claims: Large decline as workers return
First-time jobless claims declined to 576,000 for the week ending April 10, which is the lowest since March 2020 as individuals begin streaming back into the labor force and the economy begins to reopen on the back of vaccinations and fiscal aid. In the past month, we pointed to coming volatility in ... READ MORE >
Labor market update: Signs of normalization as long-term challenges persist
The U.S. labor market is showing signs of optimism that might best be described as hedging its bets—confident that the vaccination program will eventually allow for the reemergence of the normal workplace, but recognizing that it may not take just a snap of the fingers to get there. The surge in job ... READ MORE >
Initial jobless claims drop below 700,000 for first time in a year
Initial jobless claims fell to 684,000 for the week ending March 20, the Labor Department reported on Thursday, which is good news and represents the first time they have dropped below 700,000 in roughly one year. There were 241,000 new claims for federal Pandemic Unemployment Assistance, which is ... READ MORE >