While first-time claims remain elevated, they are moving in a constructive direction. … READ MORE >
initial jobless claims
Weekly jobless claims: A grim anniversary as claims rise to 770,000
Top-line initial claims for unemployment benefits increased to 770,000 versus an expected decline to 700,000 for the week ending March 13, according to government data released Thursday. … READ MORE >
Initial jobless claims: Expect the number to swell in coming weeks on benefits extension
First-time jobless claims remained elevated for the week ending March 6, arriving at 712,000, down from an upwardly revised 754,000, the Labor Department reported on Thursday. … READ MORE >
Initial jobless claims: Only cold comfort for those out of work
Seasonal distortions caused a larger-than-expected decline in first-time jobless claims to 730,000 for the week ending Feb. 20, which significantly understates the true pace of first-time firings across the economy. … READ MORE >
Initial jobless claims declined to a still-elevated 779,000
First-time claims for jobless benefits declined to a still elevated 779,000 for the week ending Jan. 30, while continuing claims dropped to 4.592 million for the previous week, the Labor Department reported on Thursday. … READ MORE >
Fourth-quarter GDP: Growth eases as economy decelerates
The American economy posted 4% growth in the fourth quarter as the recovery from the depths of the pandemic decelerated into the end of 2020. … READ MORE >
Initial jobless claims: Long shadow of the pandemic hangs over labor market
Initial jobless claims surged by 965,000 for the week ending Jan. 9, which almost surely captures the 498,000 individuals in the leisure and hospitality sector who lost their jobs in December and the remarkable churn in the labor market amid lockdowns by state and local governments. … READ MORE >
Initial jobless claims: Still elevated as another benefits cliff looms
First-time jobless claims held steady at 787,000 for the week ending Jan. 2, while the number of those claiming unemployment benefits stands at 19.1 million, the Labor Department reported Thursday. … READ MORE >
Initial jobless claims increase to 885,000, a three-month high
Initial claims for unemployment insurance rose to 885,000 for the week ending Dec. 12, an increase from an upwardly revised 862,000 as claims moved above the 13-week moving average. … READ MORE >
Jobless claims: Pace of firings increases to 853,000, pointing to urgent need for fiscal aid
As policymakers continue to negotiate over another round of fiscal aid, initial claims for unemployment insurance increased to 853,000 for the week ending Dec. 5. … READ MORE >