There were 837,000 initial jobless claims for the week ending Sept. 26, and 1.487 million if one includes the 650,000 first-time claims for Pandemic Unemployment Assistance, the Labor Department reported on Thursday. … READ MORE >
initial jobless claims
Initial jobless claims: No meaningful improvement in the pace of firings
Initial jobless claims for the week ending Sept. 19 arrived at 870,000, up from 860,000 during the previous week, the Labor Department reported on Thursday. … READ MORE >
Initial jobless claims remain elevated at 860,000
The pace of firings in the economy remains well above anything observed during the Great Financial Crisis as 860,000 workers filed for first-time jobless claims for the week ending Sept. 12, a reflection of the deep scarring in the domestic labor market and economy. … READ MORE >
Initial jobless claims arrive above expectations
First-time initial jobless claims increased by 884,000 on a seasonally adjusted basis, higher than the 850,000 anticipated, and by 857,000 on a non-seasonally adjusted basis, according to data released by the Labor Department on Thursday. … READ MORE >
Methodological changes to jobless claims data are behind their slower pace
First-time jobless claims declined to a seasonally adjusted rate of 881,000 for the week ending Aug. 29, with non-seasonally adjusted claims falling to 833,000 as the Department of Labor introduced a new way to estimate the pace of firings in the domestic labor market. … READ MORE >
Initial jobless claims: Potential inflection point
Initial jobless claims for the month of July point to a potential inflection point in the American labor market. July’s data perfectly captured the flattening out of consumer demand and slowing of overall growth in the economy. … READ MORE >
Three states report significant increases in initial jobless claims
The grim news from the national increase in initial jobless claims, which are adjusted for seasonal effects, was mitigated somewhat by the state-by-state raw counting of first-time filings for unemployment benefits. … READ MORE >
First-time jobless claims rise for second straight week
First-time jobless claims increased by 1.434 million for the week ending July 25, the Labor Department reported on Thursday, while continuing claims increased by 17.01 million, implying an increase to an 11.6% insured unemployment rate. … READ MORE >
Initial jobless claims, by state: Texas passes 3 million
Texas became the fifth state to have processed 3 million initial filings for unemployment benefits since the onset of the novel coronavirus and the shutdown of local economies on March 7. … READ MORE >
Initial jobless claims: Slowing economy pushes claims higher
A series of alternative and near real-time data show that the economy began to slow on or around June 24. First-time jobless claims, which increased by 1.416 million for the week ending July 18, affirm the evolution of that data and point to risks around a slower pace of workers being recalled to their pre-pandemic jobs. … READ MORE >