New filings for unemployment benefits fell to a 10-month low last week, a stark contrast to the recent spike in reports of job losses at prominent companies. There were 186,000 new claims added, the fourth week in a row that new claims were below the pre-pandemic average, according to Labor Department ... READ MORE >
layoffs
Jobless claims show an uptick in layoffs
New filings for jobless claims inched up by 1.8% last week to 230,000, remaining above the pre-pandemic level for the fifth week in a row. There is no doubt that the labor market has been slowing down as more companies reassess their hiring plans. It has also become clear that the bottom in initial ... READ MORE >
Initial jobless claims rise to eight-month high
New filings for jobless benefits rose more than expected last week to an eight-month high of 251,000, continuing to show signs of increases in layoffs amid an economic slowdown. That was also the seventh week in a row that new jobless claims stayed above the pre-pandemic average, government data ... READ MORE >
Initial jobless claims rise to above pre-pandemic level
New filings for jobless benefits surged last week to above the pre-pandemic level for the first time in five months, the Department of Labor reported on Thursday. Behind the increase were a slowdown in hiring and an acceleration in layoffs in recent weeks. New claims for jobless benefits increased by ... READ MORE >
Initial jobless claims show signs of bottoming out
New filings for jobless benefits last week inched down as a tight labor market kept layoffs below pre-pandemic levels. There were 210,000 new filings for the week ending May 21, down 8,000 from the week before, according to Labor Department data released Thursday . The weekly average pre-pandemic in ... READ MORE >
Initial U.S. jobless claims exceed pre-pandemic level as omicron variant sets in
New filings for U.S. jobless benefits last week rose to 230,000 from 207,000 the week before, exceeding the average pre-pandemic level for the first time in six weeks as the impact of the omicron variant began to be felt in the labor market. The unexpected increase in new claims was also influenced by ... READ MORE >
Initial jobless claims remain below pre-pandemic level despite seasonal volatility
New filings for jobless benefits last week advanced to 206,000, remaining below the pre-pandemic level from 2019 after falling to a 52-year low the week before at an upwardly revised 188,000—which many attributed to the seasonal adjustments around the holidays. We expect the claims data to be highly ... READ MORE >
Initial jobless claims fell more than expected as labor market gained momentum
First-time claims for jobless benefits—a proxy for layoffs—declined more than expected for the week ending Oct. 2 in a sign that the labor market continues to be tight and that layoffs are not a major issue in the economy. The headline claims for newly unemployed workers posted a significant 10.4% drop ... READ MORE >