Good News: Layoffs Down, Americans’ Wealth Up
The latest unemployment numbers show the number of newly laid-off workers unexpectedly dropped by 12,000 to end last week at 545,000 claims. Analysts expected claims to rise by 5,000, but instead, we got third decline of the past four weeks and the lowest level of claims since early July. California had the largest drop in [...]
Jobless Claims Down, But Not Enough
According to the Labor Department, last week marked another week of declining jobless claims. The number of new claims fell to 570,000, down from 574,000 the prior week. Meanwhile, the number of people continuing to receive unemployment benefits rose by 92,000 to 6.23 million. The good news is that we can take heart that layoffs [...]
Jobless Claims Drop by 34,000
In what analysts are hoping is yet another sign that the worst job cuts are over, new applications for jobless benefits unexpectedly fell by 34,000 to 601,000 in the week ended May 2. According to figures from the Department of Labor, this is the smallest number of applications since late January. Hearthis post
640,000 New Jobless Claims…And Counting?
Surprising news from the Department of Labor today. There were 640,000 new jobless claims last week, bringing the total number of people continuing to collect unemployment benefits to a whopping 6.13 million. If that’s not bad news enough, analysts are predicting an 8.9% unemployment rate and many more new unemployment claims. Does that mean it’s [...]
States With the Largest Increases in New Unemployment Claims
As much as we love the positive, we also like the whole story. So, here are the states with the largest increases in new unemployment claims, the states that, unfortunately, are experiencing more layoffs. States With the Largest Increases in New Unemployment Claims Indiana (+5,603), Pennsylvania (+4,702) Texas (+4,007) Florida (+3,894) Michigan (+2,276) Source: Department [...]
Coming to a Pocket Near You: $300
On Thursday, the Senate is expected to vote on extending unemployment benefits to those who have exhausted their benefits and have filed further claims. And not a minute too soon since the number of new unemployment claims hit a 16-year high last week with 542,000 new applications (4 million people filed continuing claims, the highest [...]
Fast Facts: New Unemployment Claims Hit 516,000
The number of newly laid-off workers has hit a 7-year high of 516,000 claims, indicating that employers are laying workers off at a faster clip. Claims are also getting larger indicating that people are taking longer to find new jobs. There are now 3.9 million people currently receiving benefits, and 10.1 million people unemployed (6.2 [...]
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