First-time claims for jobless benefits declined to a still-elevated 779,000 for the week ending Jan. 30, while continuing claims dropped to 4.592 million for the previous week, the Labor Department reported on Thursday. This is the third consecutive weekly decline and most likely reflects an ebbing in ... READ MORE >
Pandemic Unemployment Assistance
First-time jobless claims remain elevated
Initial jobless claims declined to 900,000 for the week ending Jan. 16, down from 965,000 the week before but well above the pre-pandemic high established in 1982. Roughly 423,000 people applied for first-time federal Pandemic Unemployment Assistance, which implies that more than 1.3 million people ... READ MORE >
Initial jobless claims increase to 885,000, a three-month high
Initial claims for unemployment insurance rose to 885,000 for the week ending Dec. 12, an increase from an upwardly revised 862,000 the week before as claims surpassed the 13-week moving average. In addition, first-time claims for federal Pandemic Unemployment Assistance increased to 455,037, and ... READ MORE >
U.S. employment report: Rehiring slows as permanent job losses pile up
While the U.S. economy has rebounded and a nascent recovery is underway, the pace of workers being recalled is slowing and gains in the labor market are likely to become more difficult to come by. Essentially, the first order derivative (the rate of change) of growth is positive as the economy ... READ MORE >
Initial jobless claims: No meaningful improvement in the pace of firings
The pace of first-time jobless claims over the past few weeks denotes some slowing in the easing of firings across the economy. The stalling out suggests that the easy gains of the recovery’s early stages are likely in the rear-view mirror and the hard work of digging out of the economic abyss lies ... READ MORE >
Initial jobless claims remain elevated at 860,000
The pace of firings in the U.S. 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. An additional 658,737 filed for ... 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. At the same time, the federal ... READ MORE >