News for Unemployment
Mar 18 · 11:33:00 AM · Source: Company Press Release
Less Americans filed first-time claims for jobless benefits last week for the third consecutive time, the Labor Department reported today. The advance figure for seasonally adjusted initial claims was 457,000, a decrease of 5,000 from the previous week's unrevised figure of 462,000. The 4-week moving average was 471,250, a decrease of 4,250 from the previous week's unrevised average of 475,500.
This is a sign the labor market is gradually improving along with the economy.
Mar 4 · 9:18:00 AM
The U.S. Labor Department said today that in the week ending Feb. 27 the advance figure for seasonally adjusted initial claims was 469,000, a decrease of 29,000 from the previous week's revised figure of 498,000. The 4-week moving average was 470,750, a decrease of 3,500 from the previous week's revised average of 474,250.
This points to an improvement in the labor market that is slow to develop.
Feb 25 · 5:10:00 PM · Source: CNBC
New orders for long-lasting U.S. manufactured goods excluding transportation unexpectedly fell in January, while the number of workers filing for jobless benefits rose last week, suggesting a loss of momentum in the pace of economic recovery.
The Commerce Department said on Thursday orders excluding transportation fell 0.6 percent last month after increasing 2.0 percent in December. That was below market expectations for a 1.0 percent rise.
However, overall orders jumped 3.0 percent, the biggest gain since July, as aircraft bookings soared. That was well above market expectations for a 1.5 percent rise. Orders increased 1.9 percent in December.
Separately, initial claims for unemployment benefits rose 22,000 to 496,000 last week, the Labor Department said.
Analysts had expected jobless claims to fall to 455,000.
Dec 24 · 9:32:00 AM
The number of Americans filing claims for unemployment benefits last week declined by 28,000 to 452,000, the Labor Department reported Thursday.
The fall was bigger than forecast and the number is at the lowest levels since September, 2008.
Dec 17 · 10:49:00 AM · Source: U.S. Labor Dept.
Initial jobless claims rose by 7,000 to 480,000 in the week ended Dec. 12, from a revised 473,000 the prior week, the U.S. Labor Department said Thursday. The number of people receiving unemployment insurance was little changed in the prior week, while those getting extended payments increased.
The 473,000 number was more than anticipated, a reminder that the labor market will take time to strengthen.
Dec 4 · 2:36:00 PM · Source: Yahoo Finance
The unemployment rate unexpectedly fell in November to 10 percent, from 10.2 percent in October, as employers cut the fewest number of jobs since the recession began. The economy shed 11,000 jobs last month -- a sharp improvement from October's revised total of 111,000. The average work week also rose to 33.2 hours, from a record low of 33 hours, along with average earnings.
These are all good signs that the economy is improving. Of course, it could not keep getting worse forever. So, the real test will be seeing how sustainable the good news is, and at what pace improvement takes place.
Dec 3 · 11:47:00 AM · Source: U.S. Labor Dept.
The number of Americans filing first- time claims for unemployment benefits fell last week to the lowest level in more than a year. The U.S. Labor Dept. said Thursday that initial jobless claims declined by 5,000 to 457,000 in the week ended Nov. 28, the fewest since September 2008.
Dec 2 · 1:30:00 PM
Planned firings fell 72 percent in November to 50,349 from 181,671 during the same month last year, a Chicago-based placement firm said. Challenger, Gray & Christmas Inc. said planning firings were also down 9.6 percent from October.
The firm's CEO said that "barring any unexpected shocks to the economy, we appear to be coming out of the woods when it comes to downsizing.
Dec 2 · 1:26:00 PM · Source: ADP
Private sector non-farm employment decreased by 169,000 in November,according to the ADP National Employment Report.
The report, though, shows that the pace of job losses is slowing.
Nov 25 · 12:40:00 PM · Source: U.S. Labor Dept.
The U.S. Labor Department Wednesday reported that initial jobless claims declined to 466,000 in the week ended Nov. 21 from 501,000 a week earlier. The 4-week moving average was 496,500, a decrease of 16,500 from the previous week's revised average of 513,000.
The latest figures are the lowest since September 2008 as the economic recovery encourages companies to fire or layoff less employees.
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