The economic impact of Hurricane Ida was evident in the most recent initial jobless claims data, which rose to 332,000 for the week ending Sept. 11. There were noticeable increases in first-time claims, as one would expect, in New York, Pennsylvania, Connecticut, Louisiana and Alabama, according to ... READ MORE >
Pandemic Unemployment Assistance
Jobless claims back above 400,000 for the first time in four weeks
First-time jobless claims increased by 51,000 to 419,000 for the week ending July 3, according to government data released Thursday. The increase underscores the week-to-week noise in the data and is not indicative of any signal of an acceleration in the pace of firings. With the labor market so tight, ... READ MORE >
Initial jobless claims imply that ending benefits does not improve employment numbers
Over the past few weeks, we have observed a steady but uneven decline in first-time jobless claims on the way back to what we expect will be a range of 200,000 to 230,000, last seen before the pandemic. To push that process along, 26 states, citing demand for workers, have ended extra unemployment ... READ MORE >
Data deluge: Jobless claims ease to 411,000 as durable goods orders rise 1.1%
First-time jobless claims eased to 411,000 for the week ending June 19, a slight decline from the revised figure of 418,000 for the previous week, according to government data released Thursday. The decline is indicative of what will be a long road to normalization in the pace of firings that ... READ MORE >
Labor market improvement is not a one-way street: jobless claims increase to 412,000
First-time jobless claims increased to 412,000 for the week ending June 12 from a revised 375,000 previously, the government said on Thursday. However, the top-line increase remains well below the 529,200 13-week moving average within the series, implying that conditions for further improvement remain ... READ MORE >
Jobless claims: More good news from the labor market
First-time jobless claims declined to 498,000 for the week of May 1 from an upwardly revised 590,000 during the previous week, as continuing claims remained elevated at 3.69 million, according to government data released Thursday. This data will not affect Friday’s employment report, which is now ... READ MORE >
Jobless claims: Labor market is moving in the right direction
First-time jobless claims declined to 547,000 for the week ending April 17 from 586,000 the week before and are well below the 4.2 million claims posted one year ago as the economy was shutting down, according to government data released Thursday. There were no unusual increases or decreases at the ... READ MORE >
Initial jobless claims: Large decline as workers return
First-time jobless claims declined to 576,000 for the week ending April 10, which is the lowest since March 2020 as individuals begin streaming back into the labor force and the economy begins to reopen on the back of vaccinations and fiscal aid. In the past month, we pointed to coming volatility in ... READ MORE >
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. There were 282,394 new claims for federal Pandemic Unemployment Assistance, and were 4.12 million continuing ... 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 week before, the Labor Department reported on Thursday. The total number of people on some form of unemployment insurance increased to 20.1 million for the week ending ... READ MORE >