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Jobless Benefits

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Jobless claims sink to 1969 low as U.S. labor market stays resilient
economy1 month ago

Jobless claims sink to 1969 low as U.S. labor market stays resilient

U.S. weekly unemployment-benefit claims fell to 187,000 for the week ending July 18, the lowest since Sept. 1969 and well below forecasts, signaling a still-tight labor market despite higher energy costs. The four-week moving average dropped to 207,500, while the June report showed only 57,000 new jobs and the unemployment rate at 4.2%, aided in part by people leaving the labor force. Energy-price pressures and potential war-related disruptions could pose risks to hiring going forward.

via ABC News - Breaking News, Latest News and Videos|
#economy#jobless-benefits#labor-market
economy7 months ago

US unemployment claims rise to 231,000 in week ending Jan 31

US Labor Department data show seasonally adjusted initial unemployment claims rose to 231,000 in the week ending Jan. 31, up 22,000 from the prior week, with the 4-week moving average at 212,250. The insured unemployment rate held at 1.2% for the week ending Jan. 24, and the number of people receiving unemployment benefits rose to 1,844,000 (up 25,000). The figures indicate a modest uptick in layoffs but remain in a low, historically healthy range.

via Forex Factory|
#economy#jobless-benefits#labor-market
US Jobless Claims Increase but Layoffs Remain Low
economy1 year ago

US Jobless Claims Increase but Layoffs Remain Low

U.S. unemployment claims rose to a two-month high of 335,000 due to seasonal adjustments, but actual new claims remain very low, indicating a stable labor market for those employed. However, the number of people collecting unemployment benefits increased, suggesting difficulty for job seekers. Economists believe hiring will remain sluggish until trade tensions ease and interest rates are potentially cut by the Fed, which has caused a decline in stock markets.

via MarketWatch|
#economic-slowdown#economy#fed-interest-rates
Steady Rise in US Jobless Claims Maintains Healthy Levels
economy2 years ago

Steady Rise in US Jobless Claims Maintains Healthy Levels

The number of Americans applying for jobless benefits increased slightly last week but remains historically low, despite the Federal Reserve's efforts to cool the economy and control inflation. The four-week moving average of claims also rose, indicating potential challenges in finding new employment. However, the US labor market continues to show resilience, with strong consumer spending and job growth. The government will release the October jobs report on Friday.

via IndiaTimes|
#economy#federal-reserve#inflation
Slight uptick in weekly US jobless benefit applications
economy2 years ago

Slight uptick in weekly US jobless benefit applications

The number of Americans applying for jobless benefits increased slightly last week, rising by 10,000 to 210,000, but still remains historically low. The labor market continues to show strength despite high interest rates and inflation. The Federal Reserve has raised its benchmark interest rate multiple times this year in an effort to cool the economy and labor market, but the overall economy and job market have performed better than expected. In September, employers added 336,000 jobs, and job openings in August exceeded economists' expectations. The Fed is expected to keep interest rates unchanged at its upcoming meeting as it aims for a "soft landing" to bring down inflation without causing a recession.

via AOL|
#economy#federal-reserve#inflation
Jobless Claims Rise in the US, but Layoffs Remain Stable
economy3 years ago

Jobless Claims Rise in the US, but Layoffs Remain Stable

The number of Americans applying for jobless benefits increased slightly last week, but layoffs have not seen a significant rise. The U.S. economy has been adding jobs at a rapid pace since the pandemic hit, resulting in a worker-friendly labor environment. The Federal Reserve's attempt to cool the labor market by raising interest rates has not had a major impact. The June jobs report is expected to provide more insight into the labor market. Despite recent high-profile layoffs in the technology sector, the overall economy has remained resilient, with a 2% growth rate in the first quarter. The Fed is likely to continue with rate hikes to combat inflation.

via AOL|
#economy#federal-reserve#jobless-benefits