Jobless claims rise less than expected to 233,000
On “Making Money,” Piper Sandler Chief Global Economist Nancy Lazar discusses whether the U.S. economy is doing as well as earnings suggest. How many Americans are applying? Unemployment benefits Last week’s weaker-than-expected employment report came in, which may ease some concerns about the health of the labor market following disappointing July employment data. The figures […]
US adds 114K jobs in July, jobless rate rises to 4.3 percent
U.S. employment increased by 114,000 jobs in July, and the unemployment rate rose to 4.3%, according to data released Friday by the Labor Department. Economists expect the U.S. to add 175,000 jobs and keep the unemployment rate steady at 4.1%. The July jobs report came two days after Federal Reserve officials signaled they could start […]
US weekly jobless claims unexpectedly spike to 10-month high
“Mornings with Maria” panelists react to the better-than-expected December jobs report and detail the likely impact on the labor market and the U.S. economy. How many Americans are applying? Unemployment benefits It unexpectedly jumped to a 10-month high last week, the latest sign that the labor market is starting to cool on the back of […]
Jobless claims tick higher ahead of critical May jobs report
Claims for jobless benefits rose to a four-week high last week, ahead of May’s employment report, which will be key data for the Federal Reserve as it considers whether to start cutting interest rates this year. The Labor Department said Thursday that new initial claims for unemployment benefits rose by 8,000 to 229,000 for the […]
Jobless claims fall by 10K after hitting nine-month high last week
Fewer Americans filed for unemployment benefits last week as layoffs remained at historic lows, even as other signs of a cooling labor market surfaced. The number of jobless claims for the week ending May 11 fell by 10,000 to 222,000 from 232,000 the previous week, the Labor Department said Thursday. Last week’s number of applications […]
US initial jobless claims jumped to highest level since August
The number of first-time applications for U.S. unemployment benefits rose to the highest level since August 2023, a sign that the robust U.S. labor market is cooling. The number of new jobless claims for the week ending May 4 rose by 22,000 to 231,000, according to the Labor Department. The data was released on Thursday […]
Report: U.S. Jobless Claims Increase To Highest Level Since August
(Photo by Spencer Pratt/Getty Images) James Myers of OAN8:40am – Thursday, May 9, 2024 Applications for unemployment benefits have reached the highest level since August 2023, according to initial filings. advertisement New jobless claims rose by 22,000 to a staggering 231,000 in the week ending May 4.thLabor Department data released Thursday showed the number of […]
California Taking On Huge Debts To Pay Jobless Workers As Deficit Gets Bigger
California is billions of dollars in debt to the federal government to pay for its unemployment insurance trust at a time when the state’s expenses far exceed its income. The state’s government owes almost $21 billion to the federal government at an interest rate of around 2.6%, according to the Treasury Department. California borrowed the […]
Jobless Claims Crawl Along at 210,000, Defying Expectations for a Softer Labor Market
Thursday’s weekly report on jobless claims showed that employers’ appetite for workers remains undiminished. The number of people applying for unemployment benefits last week fell to 210,000, slightly lower than the previous week’s 212,000. By historical standards, this is a very low-level claim. The number of new unemployment insurance claims since the beginning of the […]
Jobless claims jumped more than expected last week
KPMG Chief Economist Diane Swonk reacts to the surprising January jobs report and discusses the impact of the Fed’s next interest rate cut on ‘how you make money’. Number of Americans applying unemployment allowance Stocks rose more than expected last week as high-profile companies continued to announce large-scale layoffs. announced numbers Thursday The Labor Department […]