WASHINGTON—The number of Americans filing new claims for unemployment benefits increased last week, suggesting some softening in the labor market, though overall conditions remain tight. That was underscored by other data on Thursday showing a sharp decline in layoffs announced by U.S.-based companies in July. The still-low level of unemployment claims and brisk pace of…
Jobless Claims Rise to 6-Month High, Job Cuts Jump 57 Percent
The number of Americans filing initial jobless claims rose to a six-month high last week, government data show, while a separate report showed that the number of job cuts jumped 57 percent month-over-month in June, suggesting demand for labor is cooling. Initial filings for state unemployment benefits increased 4,000 to a seasonally adjusted 235,000 for…
Initial Jobless Claims Dipped Lower But Employers See Signs Of Job Market Cooling
Fewer Americans applied for unemployment benefits last week, reflecting a tight job market, despite recent layoffs in certain sectors of the economy that have witnessed a downturn, according to the Labor Department on June 30. Those filing for jobless claims fell to 231,000 last week, with a decline of 2,000 from 233,000 in the previous…
Jobless Claims Dip But Stay Higher Than Forecast, Clouding Economic Outlook
New weekly filings for unemployment insurance—a proxy for layoffs—inched down by 3,000 last week, suggesting the labor market remains tight, but the number was far lower than analysts expected, in a possible sign of choppy waters ahead for jobs. First-time filings for unemployment insurance fell to 229,000 for the week ending on June 11, the…
US Jobless Claims Fall as Labor Market Remains Tight
There was a decline in the number of Americans filing for new unemployment benefit claims for the week ending May 28, according to latest data from the U.S. Labor Department. The advance figure for seasonally adjusted initial claims was 200,000, down 11,000 from the previous week’s revised total of 211,000. The four-week moving average was 206,500…
Jobless Claims Fall Amidst Tight Labor Market: Labor Department
The number of Americans filing for new unemployment benefit claims has decreased slightly, according to data from the U.S. Labor Department. “In the week ending May 21, the advance figure for seasonally adjusted initial claims was 210,000, a decrease of 8,000 from the previous week’s unrevised level of 218,000. The 4-week moving average was 206,750,…
Jobless Claims Climb Higher In Possible Sign of Labor Market Softening
New weekly filings for unemployment insurance—a proxy for layoffs—have risen above analysts’ expectations to a three-month high, prompting some economists to question whether the tight labor market is heading for a softer patch. First-time filings for unemployment insurance rose by 1,000 to 203,000 for the week ending on May 7, the Labor Department said in…
Weekly Jobless Claims Rise as Labor Output Hits Worst Decline in Production Rates Since 1947
U.S. labor output steeply declined in the first quarter of 2022, with its fastest drop in productivity in 75 years, while growth in unit labor costs accelerated, according to a May 5 report from the U.S. Bureau of Labor Statistics The government report indicated that rising wage pressures would continue to keep inflation elevated for the time…
Number of Americans Collecting Jobless Aid Lowest in 50 Years: Labor Department
Applications for jobless claims edged down in the week ending April 9 to their lowest level since 1970, according to the U.S. Department of Labor. “The advance number for seasonally adjusted insured unemployment during the week ending April 9 was 1,417,000, a decrease of 58,000 from the previous week’s unrevised level of 1,475,000. This is…
US Unemployment Claims Fell Last Week To 54-Year Low
Filings for initial unemployment claims in the United States, dropped 5,000 for the first-time last week, for a seasonally adjusted total of 166,000, the lowest level since 1968, according to a report from the Labor Department on April 7. The previous week’s report was revised down from 202,000 to 171,000 claims for the week ending…
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