WASHINGTON—Fewer Americans filed new claims for unemployment benefits last week as the labor market recovery gains steam amid an economic boom, which is being fueled by a rapidly improving public health situation and massive government financial assistance. Labor market strength was reinforced by other data on Thursday showing U.S.-based employers in April announced the fewest…
Economic Data Shows Fewer Workers Losing Jobs and Americans Eager to Spend
A suite of stronger-than-expected economic data on jobs, retail sales, and corporate earnings came out Thursday, reinforcing the view that a potential boom, much-anticipated by economists, may be getting more traction. Overall, the data shows fewer workers losing their jobs, Americans eager to spend more, and corporate profits getting fatter, sending all three major Wall…
US Jobless Claims Plunge to 576,000, Lowest Since Pandemic
WASHINGTON—The number of Americans applying for unemployment benefits tumbled last week to 576,000, a post-COVID low and a hopeful sign that layoffs are easing as the economy recovers from the pandemic recession. The Labor Department said Thursday that applications plummeted by 193,000 from a revised 769,000 a week earlier. Jobless claims are now down sharply…
US Jobless Claims up to 744,000 as Virus Still Forces Layoffs
WASHINGTON—The number of Americans applying for unemployment benefits rose last week to 744,000, signaling that many employers are still cutting jobs even as more people are vaccinated against COVID-19, consumers gain confidence and the government distributes aid throughout the economy. The Labor Department said Thursday that applications increased by 16,000 from 728,000 a week earlier….
US Jobless Claims Rise to 770,000 With Layoffs Still High
WASHINGTON—The number of Americans seeking unemployment benefits rose last week to 770,000, a sign that layoffs remain high even as much of the U.S. economy is steadily recovering from the recession. Thursday’s report from the Labor Department showed that jobless claims climbed from 725,000 the week before. The numbers have dropped sharply since the depths…
US Jobless Claims Fall to 712,000 as Pace of Layoffs Eases
WASHINGTON—The number of Americans seeking unemployment benefits fell last week to 712,000, the lowest total since early November, evidence that fewer employers are cutting jobs amid a decline in confirmed coronavirus cases and signs of an improving economy. The Labor Department said Thursday that applications for unemployment aid dropped by 42,000 from 754,000 the week…
US Jobless Claims Tick up to 745,000 as Layoffs Remain High
WASHINGTON—The number of Americans applying for unemployment benefits edged higher last week to 745,000, a sign that many employers continue to cut jobs despite a drop in confirmed viral infections and evidence that the overall economy is improving. Thursday’s report from the Labor Department showed that jobless claims rose by 9,000 from the previous week….
US Weekly Jobless Claims Hover at Higher Levels
WASHINGTON—The number of Americans filing new applications for unemployment benefits fell slightly last week as the labor market continued to tread water, but a drop in new COVID-19 cases has raised cautious optimism that momentum could pick up by the spring. The weekly unemployment claims report from the Labor Department on Feb. 11, the most…
NTD Business Full Broadcast (Jan. 14)
Nearly 1 million Americans filed for jobless claims for the first time last week — the highest number in five months, raising concerns about a weakening labor market. A Trump supporter group just got banned on Twitter. We talk to the group founder to find out what happened. A bar owner in New York City…
US Weekly Jobless Claims Increase More Than Expected
WASHINGTON—The number of Americans filing first-time applications for unemployment benefits surged last week, confirming a weakening in labor market conditions as a worsening COVID-19 pandemic disrupts operations at restaurants and other businesses. Initial claims for state unemployment benefits totaled a seasonally adjusted 965,000 for the week ended Jan. 9, compared to 784,000 in the prior…
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