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 Rise to 554,000
By now, you’ve heard that jobless claims have risen on the heels of automaker plant shutdowns. According to the Labor Department, initial claims for unemployment benefits are now up to 554,000. But, what does that mean for you? Well, first, unemployment claims are still trending downward. That’s good. And, there are still more than 3 [...]
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 [...]
States With the Largest Decreases in New Unemployment Claims
The number of new unemployment claims fell unexpectedly for the week ending March 14. There were 646,000 new claims, a decrease of 12,000 from the prior week. That brings the total number of persons receiving unemployment benefits to 5.47 million (as of March 7), an increase of 185,000 from the prior week. That’s the national [...]
A Break in the Job Market Storm?
Today the Labor Department reported that unemployment claims dropped steeply to 639,000 from last week’s high of 670,000 claims. Of course, analysts don’t believe this downward trend will continue. Most expect tomorrow’s monthly Jobs Report to bring more dismal news. I can’t say I expect anything different. But, I’m cautiously optimistic that soon there will [...]
Unemployment Claims Near 700,000
New unemployment claims have reached 667,000, up from 631,000 last week. These new claims bring the number of people receiving unemployment benefits to 5.1 million…and counting. Hearthis post
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