jobless claims

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Unemployment Claims Fall to Lowest Level Since 1973

Claims for jobless aid drop by 22K to 222K

(Newser) - The number of Americans collecting unemployment benefits fell last week to the lowest level since Richard Nixon was president, the AP reports. The Labor Department said Thursday that claims for jobless aid dropped by 22,000 to 222,000, the fewest since March 1973. The less volatile four-week average slid... More »

Jobless Figures Surprisingly Weak

Rate remains at 5.1%, but fewer jobs than expected were created

(Newser) - Not so great news out of the Labor Department this morning: The economy created 142,000 jobs in September, well below forecasts of more than 200,000, reports the AP . Even so, the unemployment rate remained unchanged at 5.1%. The 142,000 may initially sound worse than last month'... More »

Jobless Claims Hit Pre-Recession Levels

2.56M people are receiving benefits, a 6-year low

(Newser) - Fewer Americans sought unemployment benefits last week, as the number of people collecting jobless aid fell to its lowest level in more than six years. The Labor Department said today that weekly applications for unemployment benefits fell 6,000 to a seasonally adjusted 312,000. The four-week average, a less... More »

Today's the Day: Long-Term Jobless Benefits Expire

More than 1M affected

(Newser) - A political fight on Capitol Hill becomes very real today for about 1.3 million Americans: Their long-term unemployment benefits expire. In the latest budget deal, lawmakers didn't extend the 5-year-old federal emergency program that provides an average of $300 a month to people who have used up their... More »

October Jobs Report Surprisingly Strong

Shutdown didn't torpedo numbers after all

(Newser) - Last month's government shutdown was supposed to throw a wet blanket on this morning's jobs numbers, but they turned out to be fairly strong. The economy added 204,000 jobs in October, almost double what analysts expected, reports the AP , which calls it an "unexpected burst of... More »

US Adds 171K Jobs; Unemployment at 7.9%

And September and August figures revised upward

(Newser) - The last jobs report before the election hit today, and it was a good one. The economy added 171,000 jobs in October, the Labor Department reported, handily beating analysts' estimates . The unemployment rate ticked up to 7.9%, but according to Reuters that was because more people were entering... More »

On Eve of Big Jobs Report, a Solid Number

Initial jobless claims drop to 363K

(Newser) - US companies added a better-than-expected 158,000 jobs last month, finds a private report released today. The ADP survey, which has been pinged in the past for its swings-and-misses, was created using a methodology that was overhauled for the first time since 2001, reports Bloomberg . It was based on payroll... More »

'Mystery State' Behind Plunging Jobless Claims

Apparent snafu, probably by California, leads to 4-year low

(Newser) - Jobless claims plunged to 339,000 this week, putting them at a four-and-a-half-year low and drastically lower than the 370,000 economists expected, the Labor Department announced today. But there was a fly in the ointment. A department spokesperson said that one large state accounted for a large portion of... More »

GDP Growth Revised Down to Anemic 1.3%

On the bright side, jobless claims fell

(Newser) - US economic growth was even worse than we thought in the April-June quarter, growing at a pace of just 1.3%, the Commerce Department announced today, down from its previous estimate of 1.7%. About half of that big revision reflected the punishing effect the summer's drought has had... More »

Jobs Report as Bad as Can Be

And it's very bad news for the White House

(Newser) - You don't have to look at the sinking Dow—which is now in negative territory for the year—to get a sense of just how bleak today's jobs report was. A glance at financial blogs offers a depressing reminder:
  • Felix Salmon, Reuters : It's "about as bad
... More »

500K Jobless Lose Benefits Earlier Than Expected just the first 6 months of 2012

(Newser) - Come June, about 70,000 people will lose long-term unemployment benefits sooner than they expected, bumping the number of people who've had the rug pulled out from under them in the first six months of the year to nearly 500,000, the New York Times reports. Congress renewed its... More »

Jobless Claims Drop, Reach 4-Year Low

Meanwhile, consumer confidence is rising

(Newser) - A bit more good news on the unemployment front: The number of people filing new claims for jobless benefits dropped by 14,000 last week, about triple the figure analysts expected, reports the Wall Street Journal . The total of 351,000 matches a four-year low, notes Bloomberg . The trend seems... More »

Jobless Claims Sink to 3-Year Low

It was a surprise drop, notes Bloomberg

(Newser) - Unexpected visit from the in-laws: bad news. Unexpected drop in jobless claims: very good news. Though Bloomberg reports that economists anticipated that the number of Americans filing first-time jobless claims would hold steady around 390,000, it instead dropped by 19,000 last week, to 366,000. The last time... More »

Economy Shows Signs of Life: GDP Jumps 2.5%

Meanwhile, new unemployment claims fell

(Newser) - The US’ total economic output shot up 2.5% from July through September, after two dismal quarters of rising just 0.4% and 1.3%, according to a new GDP report released today. Consumers amped up their spending on both durable goods and services, and business investments soared 16.3%—... More »

Dow Rises 61 After Seesaw Day

S&P 500 and Nasdaq decline

(Newser) - This would fall under the category of "volatile" trading day: The Dow rose 61 points to close at 11,445 after a series of wild fluctuations. This morning's better-than-expected jobs report led to an early surge—the Dow rose 170 points shortly after the opening bell, but the... More »

Dow Plummets 513

All major indexes are in negative territory for the year

(Newser) - The only good thing to say about today's stock market is that it's finally over. The Dow fell a staggering 513 points, or 4.3%, to close at 11,384. It's the worst point drop since December 2008 and the worst percentage drop since February 2009, reports... More »

Rare Good News: Jobless Claims Fall

...below the all-important 400K line, to 398K

(Newser) - Here’s something you don’t see every day: good news from the labor market. New jobless claims fell by 24,000 in the week ending on July 23, to 398,000, the Labor Department announced today. That’s the lowest level of job loss since April, and significantly better... More »

Unemployment Claims Dip, June Likely to Stay at 9.1%

Two semi-positive reports out ahead of tomorrow's Labor report

(Newser) - US stock futures are rising after two encouraging employment reports. The government said today that the number of Americans who made first-time claims for unemployment benefits dropped to 418,000 last week, slightly below estimates and the lowest figure in seven weeks. In a separate look at the labor market,... More »

Let's Give Jobless a 'Signing Bonus'

But cut off benefits after 39 weeks: Todd Buchholz

(Newser) - Todd Buchholz, an economic adviser to the elder President Bush, thinks the idea of 99 weeks of unemployment benefits is foolish. It gives people little incentive to find work, he writes in the Washington Post . His solution: Cut off benefits at 39 weeks but add a "signing bonus" for... More »

Only McDonald's Saved Us From Losing Jobs

Depressing: That one-day hiring binge kept us in the black

(Newser) - Just how lousy were today's unemployment numbers ? Employers created a meager 54,000 jobs, way under expectations. Alex Goldmark at Good points out that if not for McDonald's one-day hiring binge of 62,000 jobs, the nation would have had a net loss. "That's what... More »

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