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Jobless Claims Jump To 362,000, Unexpectedly Increase Again

Jobless Claims Jump To 362,000, Unexpectedly Increase Again

by Thomas Catenacci The number of Americans filing new unemployment claims increased to 362,000 last week as the economy continues to slowly recover from the coronavirus pandemic. The Bureau of Labor Statistics figure released Thursday represents an increase in the number of new jobless claims compared to the week ending Sept. 18, when 351,000 new […]

Jobless Claims Increase To 351,000 As Economic Recovery Slows

Jobless Claims Increase To 351,000 As Economic Recovery Slows

  Thomas Catenacci  The number of Americans filing new unemployment claims increased to 351,000 last week as the economy continues to slowly recover from the coronavirus pandemic. The Bureau of Labor Statistics figure released Thursday represents an increase in the number of new jobless claims compared to the week ending Sept. 11, when 335,000 new jobless claims […]

Weekly Jobless Claims Edge Down to Lowest Level Since March

Weekly Jobless Claims Edge Down to Lowest Level Since March

BY TOM OZIMEK The number of U.S. workers seeking unemployment benefits last week ticked down by 7,000 to its lowest level since March, when the outbreak of the CCP (Chinese Communist Party) virus threw the economy into a tailspin. A report from the Labor Department on Thursday (pdf) showed 751,000 people filed for state unemployment benefits in the week ending […]

Weekly Jobless Claims Drop to Lowest Level Since March as Recovery Continues

Weekly Jobless Claims Drop to Lowest Level Since March as Recovery Continues

BY TOM OZIMEK The number of U.S. workers seeking unemployment benefits last week fell by 40,000 to the lowest level since March, when the outbreak of the CCP (Chinese Communist Party) virus delivered a colossal blow to the economy. A report from the Labor Department on Thursday (pdf) showed 751,000 people filed for state unemployment benefits in the week ending […]

New Jobless Claims Fall Below 1 Million, Beat Wall Street Expectations

New Jobless Claims Fall Below 1 Million, Beat Wall Street Expectations

THOMAS CATENACCI CONTRIBUTOR The number of Americans filing new unemployment claims decreased to 881,000 last week as the economy continues to suffer the effects of the coronavirus pandemic, according to the Department of Labor. The Department of Labor figure released Thursday represented a decrease of new jobless claims compared to the week ending on Aug. 22, in which there […]

US GDP Suffers Record Collapse, Jobless Claims Point to Stalling Recovery

US GDP Suffers Record Collapse, Jobless Claims Point to Stalling Recovery

BY TOM OZIMEK The U.S. economy suffered a historic collapse in the second quarter of this year, with Commerce Department figures showing gross domestic product (GDP) plummeting by 32.9 percent in annualized terms as business activity ground to a halt due to the pandemic. CJ Editor’s note: GDP swings are typically reported at an annual rate […]

Unemployment Hits Record High as 4.4 Million Workers File Jobless Claims

Unemployment Hits Record High as 4.4 Million Workers File Jobless Claims

BY TOM OZIMEK More than 4.4 million workers in the United States filed unemployment claims during the week ending April 18, while the seasonally adjusted insured unemployment rate surged to a record high of 11.0 percent, Labor Department figures show. The data released on April 23 (pdf) shows that the number of people filing initial jobless claims for the week […]

Unemployment Hits Record High as 5.3 Million Workers File Jobless Claims

Unemployment Hits Record High as 5.3 Million Workers File Jobless Claims

BY TOM OZIMEK More than 5 million workers in the United States filed unemployment claims during the week ending April 11, bringing the seasonally adjusted insured unemployment rate to a record high of 8.2 percent, Labor Department figures show. The data released on April 16 (pdf) shows that the number of people filing initial jobless claims for the […]

BUSINESS | US Jobless Claims Fall Amid Ongoing Labor Market Strength

BUSINESS | US Jobless Claims Fall Amid Ongoing Labor Market Strength

BY TOM OZIMEK The weekly jobless claims report suggests continued strength in the U.S. labor market, with new unemployment claims falling while continued claims see an uptick. Initial claims for state unemployment benefits decreased by 9,000 to 214,000 (seasonally adjusted) for the week ending Jan. 4, compared to the week before, the Labor Department stated in a release (pdf) on Jan. […]