While the pace of first-time jobless claims has declined over the past few weeks, such an improvement is still akin to saying someone has turned down the heat in hell. It is clear that the U.S. labor market remains impaired as first-time jobless claims increased by 1.5 million for the week ending June 13, and continuing claims advanced by 20.5 million. This is the thirteenth straight week in which claims have increased by more than one million. … READ MORE >
initial jobless claims
Jobless claims, state by state: Even with overall drop, nine states have big increases
Despite the overall drop in initial jobless claims in the latest week to 1.5 million, there were still nine states that reported significant increases in first-time applications for unemployment benefits. … READ MORE >
Weekly initial jobless claims: More questions than answers
First-time jobless claims increased by 1.542 million for the week ending June 6, the Labor Department reported Thursday. Over the past 12 weeks, 44.1 million people have filed for unemployment insurance, which is roughly equal to 27.9% of the 158 million pre-pandemic labor force. … READ MORE >
Initial jobless claims fall in most states, but the damage has been done
Almost every state had a decline in initial jobless claims in the last week of May, as a ninth week was added to the trend of decreasing yet still substantial household economic misery. … READ MORE >
Initial jobless claims: Some good news amid continued carnage
The pace of first-time jobless claims declined for the ninth consecutive week, to 1.83 million, bringing the cumulative total of those who have lost jobs over the past 11 weeks to 42.6 million. … READ MORE >
Jobless claims: 40.7 million file first-time claims in 10 weeks
First-time jobless claims for the week ending May 23 increased by 2.123 million, bringing the total number of Americans who have filed for unemployment benefits to 40.76 million during the past 10 weeks. … READ MORE >
Five states surpass 2 million initial jobless claims since the onset of the coronavirus
California, New York, Florida, Texas and Georgia processed more than 2 million initial claims for unemployment benefits since the outbreak of the coronavirus in March. … READ MORE >
Initial jobless claims: Mass unemployment continues to rise
First-time jobless claims for the week ending May 16 increased by 2.438 million to bring the total number of Americans who have filed for unemployment benefits to 38.9 million during the past nine weeks. … READ MORE >
Initial jobless claims, state by state: 11 now have a million or more claims since coronavirus outbreak
Expect the trend in cumulative claims to remain high as several states continue to work through the backlog of claims and as declining household income and consumer spending prompt more businesses to reduce staff. … READ MORE >
Elevated first-time and continuing jobless claims show mounting stress in the labor market
Stress in the domestic labor market continued to intensify as 2.98 million individuals filed first-time jobless claims for the week ending May 9, bringing the total to 36 million during the coronavirus pandemic. Those filing continuing claims for the week ending May 2 jumped to 22.83 million. … READ MORE >