Initial jobless claims increased by 742,000 for the week ending Nov. 14 as the pandemic intensified and lockdowns spread across the economy. … READ MORE >
unemployment
CHART OF THE DAY: Estimating unemployment during the pandemic
By adjusting the number of unemployed for the number of people who are not in the labor force but want a job, and the pandemic unemployment rate jumps to 8.0%, our analysis shows. … READ MORE >
U.S. employment report: Unequivocally strong numbers
The end of the 2020 census and the loss of its workers masked a robust 906,000 increase in private-sector payrolls in October that was far stronger than the implied figure of 638,000 would suggest. … READ MORE >
U.S. employment report preview: Sustained improvement, downside risk
We expect total employment to increase by 580,000 and the unemployment rate to fall to 7.6% when the October estimate of employment conditions in the United States is released on Friday. … READ MORE >
Initial jobless claims: Modest improvement, but levels still elevated
First-time jobless claims continued to show modest improvement with the top-line figure arriving at 751,000 for the week ending Oct. 31. That is down 7,000 from the previous week’s revised level of 758,000, according to Labor Department data released Thursday. … READ MORE >
CHART OF THE DAY: What’s the real unemployment rate?
The official unemployment rate in our estimation noticeably understates what we call the pandemic unemployment rate, which we estimate is 9.2%. … READ MORE >
First-time jobless claims decline to 787,000, implying modest improvement
The pace of first-time claims for unemployment insurance declined to an elevated 787,000 for the week ending Oct. 17, strongly suggesting that the economy is slowing in the fourth quarter. … READ MORE >
Jobless claims continue to rise to highest level since August
The four-week moving average of first-time claims for unemployment insurance stands at 866,250, which is well above the monthly hiring pace of 661,000 that was posted in September and will likely be well above the top-line hiring number in October. … READ MORE >
Initial jobless claims: If you’re not confused, you’re not paying attention
Pandemic economics has brought about an interesting conundrum: The pace of firings in the economy remains above the monthly hiring data as the unemployment rate falls. Over the past six weeks, first-time claims for unemployment insurance have averaged 867,000. … READ MORE >
Permanent job losses mount as pandemic endures
The number of people who have lost either a permanent or a temporary job increased for the seventh consecutive month in September, another indication that hopes for a quick recovery are misplaced. … READ MORE >