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. … READ MORE >
unemployment
Initial jobless claims: Improvement stalls at elevated levels
There were 837,000 initial jobless claims for the week ending Sept. 26, and 1.487 million if one includes the 650,000 first-time claims for Pandemic Unemployment Assistance, the Labor Department reported on Thursday. … READ MORE >
September jobs report preview: Expect the recall of workers to slow
We expect a net gain of 850,000 in total employment when the jobs report for September is released on Friday. That figure, though, represents a slowing of recent gains off the lows of the pandemic. … READ MORE >
Initial jobless claims: No meaningful improvement in the pace of firings
Initial jobless claims for the week ending Sept. 19 arrived at 870,000, up from 860,000 during the previous week, the Labor Department reported on Thursday. … READ MORE >
Initial jobless claims remain elevated at 860,000
The pace of firings in the 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. … READ MORE >
CHART OF THE DAY: Jobless claims are persistent drag on economic recovery
Despite expectations for a decline in weekly unemployment numbers, jobless claims for the week ended Sept. 5 held steady, signaling that the climb toward economic recovery remains volatile amid the ongoing impact on the COVID-19 pandemic. … READ MORE >
Initial jobless claims arrive above expectations
First-time initial jobless claims increased by 884,000 on a seasonally adjusted basis, higher than the 850,000 anticipated, and by 857,000 on a non-seasonally adjusted basis, according to data released by the Labor Department on Thursday. … READ MORE >
August U.S. employment report: Strong hiring continues for fourth month
The return of workers to their jobs continued at a strong pace in August, with 1.371 million jobs added, including 238,000 temporary census workers. … READ MORE >
CHART OF THE DAY: Americans with no job for 27 weeks or more rises sharply
Labor market studies by the Federal Reserve show that individuals who experience joblessness for more than 26 weeks face increasing risk of becoming permanently detached from the labor force, contributing to structural unemployment in the economy. … 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. … READ MORE >