While the government layoffs contributed to the increase, new filings for jobless benefits in Washington accounted for only about 2,000 of the 22,000 overall increase. … READ MORE >
layoffs
U.S. new home sales miss forecasts amid rising mortgage rates
New home sales fell below estimates in April as mortgage rates surged to above 7%, the Census Bureau reported on Thursday. … READ MORE >
Initial jobless claims tick up in a still-tight labor market
New filings rose 2,000 to 207,000 for the week ending Sept. 30, lower than the median forecasts of 210,000. … READ MORE >
Tech layoffs calm, but tech jobs still take a hit
Artificial intelligence advancements continue to be a primary source of optimism for the technology ecosystem and a partial counterbalance to challenges in media and entertainment. … READ MORE >
Initial jobless claims highest since November 2021
Initial jobless claims last week remained unchanged at 264,000, a figure that exceeded expectations and suggested that the robust labor market is softening. … READ MORE >
Initial jobless claims post largest increase in six weeks
Initial jobless claims last week rose back up to 242,000 after a brief one-week drop, the Labor Department reported on Thursday. … READ MORE >
Job openings and factory orders soften amid recession concerns
Job openings and factory orders came in lower than expected on Tuesday, continuing to show signs of softening economic demand that should work in the Federal Reserve’s favor in fighting inflation. When the new data is combined with softer economic data released recently, the risk of a recession in … … READ MORE >
Initial jobless claims drop further
Initial claims for unemployment benefits fell by 1,000 to 191,000 last week, remaining below the pre-pandemic average and below expectations of a slight increase to 197,000. … READ MORE >
Initial jobless claims spike to highest level since December
New claims for jobless benefits last week came in hotter than expected at 211,000, significantly higher than the 190,000 of the previous week. … READ MORE >
New jobless claims fall again amid strong labor market
New claims dropped by 2,000 to 190,000 for the week ending Feb. 24, lower than the pre-pandemic average at 218,000, according to Labor Department data released on Thursday. … READ MORE >