WASHINGTON (AP) — Fewer Americans applied for jobless benefits last week as the labor market continues to thrive despite the Federal Reserve’s efforts to cool it. The Labor Department reported Thursday that filings for unemployment claims for the week ending April 6 fell by 11,000 to 211,000...
FILE - Hiring sign is displayed outside of a retail store in Vernon Hills, Ill., on Nov. 13, 2021. Fewer Americans applied for jobless aid last week with the number of Americans collecting unemployment at historically low levels. Applications for unemployment benefits fell by 11,000 to 200,...
Jobless claims generally serve as a proxy for layoffs, which have been relatively low since the pandemic wiped out millions of jobs in the spring of 2020. The labor market is closely watched by the Federal Reserve, which raised interest rates seven times last year in a bid to slow job grow...
“While initial jobless claims remain historically high, at more than 1 million per week, this is a gross rather than net number. The actual number of people collecting unemployment continues to steadily decline, as shown by the move down in continuing claims,” Wells Fargo said in a note. ...
Initial unemployment claims have topped 33 million, as 21% of Americans who had a job in February have since filed for government support. By Andrew Soergel | May 7, 2020, at 9:12 a.m. Save More 3.2M More Americans File Jobless Claims More ...
“We see still heartbreakingly elevated levels of new unemployment claims, with more than 19 million Americans recently receiving some form of jobless assistance,” said Mark Hamrick, senior economic analyst at Bankrate. “One can take only a modest amount of solace from the fact that a fresh ...
More Americans file new claims for jobless benefits as sluggish job market persists
An additional 2,438,000 Americans filed for unemployment insurance last week, the U.S. Department of Labor said Thursday. This brings the nine-week jobless claims total since the coronavirus crisis took hold in the U.S. to approximately 38.6 million people. "With a ninth straight week of...
More than 1.5 million Americans filed for unemployment benefits last week, but as businesses gradually start to rehire workers, the pace of job losses caused by the coronavirus pandemic and the related lockdown is beginning to markedly slow. The weekly jobless claims report from the Labor Departmen...
Despite the Labor Department changing its methodology to record a more accurate weekly reading of new jobless claims, nearly 900,000 Americans filed for unemployment last week reflecting that a recovery is still a long ways away. Veteran recruiter Rich Rosen of Cornerstone Search shares his views!