US unemployment claims hit 8-month low as consistent environment prevails job market
6 days, 16 hours ago

US unemployment claims hit 8-month low as consistent environment prevails job market

Live Mint  

United States unemployment applications hit an eight-month low, reflecting the lower level of job cuts in the labour market, reported the news agency Bloomberg on Thursday, January 2. The continuing applications data, which represents a proxy for the number of people receiving benefits, also dropped to a three-month low of 1.84 million in the week ended December 21, 2024, reported the news agency citing US Labor Department data. According to the news report, the current levels for the initial unemployment claims are subdued, in line with the pre-pandemic levels, and consistent with a job market where companies generally hold onto their workers. Earlier in the summer, a rise in the United States unemployment rates raised concerns among people and eventually fueled the rate cuts in September, but as the year 2024 ended, the US labour market ended in “solid shape,” reported the agency citing US Fed chairman Jerome Powell's speech.

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US applications for jobless claims fall to 201,000, lowest level in nearly a year
Trending News
18 hours, 5 minutes ago

US applications for jobless claims fall to 201,000, lowest level in nearly a year

Associated Press  

U.S. applications for unemployment benefits fell to their lowest level in nearly a year last week, pointing to a still healthy labor market with historically low layoffs. The Labor Department on Wednesday said that applications for jobless benefits fell to 201,000 for the week ending January 4, down from the previous week’s 211,000. When the Labor Department releases hiring numbers …

U.S. applications for jobless claims fall to 201,000, lowest level in nearly a year
1 day, 7 hours ago

U.S. applications for jobless claims fall to 201,000, lowest level in nearly a year

LA Times  

A help wanted sign is displayed at a restaurant in Chicago on Nov. 25, 2024. U.S. applications for unemployment benefits fell to their lowest level in nearly a year last week, pointing to a still healthy labor market with historically low layoffs. The Labor Department on Wednesday said that applications for jobless benefits fell to 201,000 for the week ending …

U.S. unemployment claims fall to 211,000, the lowest level since March
1 week ago

U.S. unemployment claims fall to 211,000, the lowest level since March

LA Times  

Two economists called the unemployment drops “encouraging’’ but cautioned that seasonal adjustments around the holidays can throw off the numbers. The number of Americans applying for unemployment checks dropped last week to the lowest level since March, suggesting that most U.S. workers continue to enjoy unusually high job security. Thomas Simons and Sam Saliba, economists at Jefferies, called the drops …

US unemployment benefit applications stable, but continuing claims surge to 3-year high
1 week, 6 days ago

US unemployment benefit applications stable, but continuing claims surge to 3-year high

India Today  

The number of Americans applying for unemployment benefits remained unchanged last week. Continuing claims, the total number of Americans collecting jobless benefits, climbed by 46,000 to 1.91 million for the week of December 14. That’s more than analysts projected and the most since the week of November 13, 2021 when the labor market was still recovering from the COVID-19 jobs …

US applications for unemployment benefits hold steady, but continuing claims rise to 3-year high
1 week, 6 days ago

US applications for unemployment benefits hold steady, but continuing claims rise to 3-year high

Associated Press  

WASHINGTON — The number of Americans applying for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years. Continuing claims, the total number of Americans collecting jobless benefits, climbed by 46,000 to 1.91 million for the week of Dec. 14. The Fed last week cut its benchmark interest rate for the third straight …

Recurring jobless claims rise to three-year high
Trending News
2 weeks ago

Recurring jobless claims rise to three-year high

Salon  

The volume of recurring applications for unemployment benefits rose to its highest volume in more than three years, signaling that it’s taking longer than usual for people out of a job to find work. The number of Americans receiving continued unemployment benefits rose to 1.91 million for the week of Dec. 14, according to Labor Department data. That’s a week-to-week …

US applications for unemployment benefits come back down after last week’s big rise
2 weeks, 6 days ago

US applications for unemployment benefits come back down after last week’s big rise

Associated Press  

The number of Americans applying for unemployment benefits fell markedly last week following a big increase the week before. Continuing claims, the total number of Americans collecting jobless benefits, fell by 5,000 to 1.87 million for the week of Dec. 7. Earlier this month, the government reported that U.S. job openings rebounded to 7.7 million in October from a 3 …

US applications for jobless benefits rise to highest level in 2 months but remain relatively low
3 weeks, 6 days ago

US applications for jobless benefits rise to highest level in 2 months but remain relatively low

Associated Press  

U.S. applications for unemployment benefits jumped to their highest level in two months last week but remain low relative to historical standards. This week’s report also showed that continuing claims, the total number of Americans collecting jobless benefits, rose by 15,000 to 1.89 million for the week of Nov. 30. The Fed has cut its benchmark rate at its last …

U.S. applications for jobless benefits rise to highest level in 2 months but remain relatively low
4 weeks ago

U.S. applications for jobless benefits rise to highest level in 2 months but remain relatively low

LA Times  

A help wanted sign is displayed at a restaurant in Chicago on Nov. 25. U.S. applications for unemployment benefits jumped to their highest level in two months last week but remain low relative to historical standards. This week’s report also showed that continuing claims, the total number of Americans collecting jobless benefits, rose by 15,000 to 1.89 million for the …

US job openings rose last month, though hiring slowed, in mixed picture for labor market
1 month ago

US job openings rose last month, though hiring slowed, in mixed picture for labor market

Associated Press  

WASHINGTON — The number of job postings in the United States rebounded in October from a 3 1/2 year low in September, a sign that businesses are still seeking workers even though hiring has cooled. Last month, job openings rose sharply in professional and business services, a category that includes engineers, managers, and accountants, as well as in the restaurant …

Job openings rose while hiring dropped in October, labor report shows
1 month ago

Job openings rose while hiring dropped in October, labor report shows

Salon  

Job openings and resignations increased substantially in October while the number of hires and layoffs dropped, according to a Tuesday report from the Bureau of Labor Statistics that showed a mixed picture of the U.S. labor market. The increased number of job openings appeared mostly in professional and business services, as well as service and IT industries, jumping by 372,000 …

Number of Americans filing for jobless benefits falls again and hovers near 7-month lows
1 month, 1 week ago

Number of Americans filing for jobless benefits falls again and hovers near 7-month lows

Associated Press  

The number of Americans applying for unemployment benefits fell last week, remaining near seven-month lows. However, continuing claims, the total number of Americans collecting jobless benefits, rose by 9,000 to 1.91 million for the week of Nov. 16. While the number of new people applying for jobless aid each week remains at historically healthy levels, some who are receiving benefits …

U.S. applications for jobless benefits fall to 213,000, staying near 7-month lows
1 month, 2 weeks ago

U.S. applications for jobless benefits fall to 213,000, staying near 7-month lows

LA Times  

Hiring signs are displayed at a restaurant in Buffalo Grove, Ill., on Nov. 3. The Labor Department reported Thursday that the number of jobless claim applications fell by 6,000, to 213,000, for the week of Nov. 16. However, continuing claims, the total number of Americans collecting jobless benefits, rose by 36,000, to 1.91 million, for the week of Nov. 9. …

US initial jobless claims dropped to lowest since May last week
1 month, 3 weeks ago

US initial jobless claims dropped to lowest since May last week

Hindustan Times  

Applications for US unemployment benefits fell to the lowest level since May last week, signaling there is still a healthy demand for workers after recent storms and strikes. US jobless applications data have been even more volatile than usual recently as Southeastern states recovered from two hurricanes and Boeing Co. workers ended a weeks-long strike. Jobless applications data have been …

As unemployment rises, Labour looks set to crash into a jobs problem. How will it respond?
1 month, 3 weeks ago

As unemployment rises, Labour looks set to crash into a jobs problem. How will it respond?

The Independent  

Is Labour hurtling towards a jobs problem? The rate of unemployment among people aged 16 and above rose to 4.3 per cent over the July to September reporting period. Wage rises have certainly continued to moderate; earnings excluding bonuses grew 4.8 per cent in the year to July to Sept 2024, the lowest since Apr to June 2022, when the …

Federal Reserve Has Another Reason to Take It Slow
2 months, 1 week ago

Federal Reserve Has Another Reason to Take It Slow

Bloomberg  

Overall inflation in the US is now 2.1%, the lowest since early 2021 and just above the central bank’s 2% goal. The Federal Reserve’s preferred measure, however, posted its biggest monthly gain since April, bolstering the case for a slower pace of interest-rate cuts following last month’s big reduction. Continuing claims, a proxy for the number of people receiving benefits, …

Applications for U.S. jobless benefits fall to two-month low as layoffs remain at healthy levels
4 months ago

Applications for U.S. jobless benefits fall to two-month low as layoffs remain at healthy levels

LA Times  

The number of Americans filing for unemployment benefits fell to its lowest level in two months last week, signaling that layoffs remain relatively low despite other signs of labor market cooling. Economists polled by FactSet expect Friday’s August jobs report to show that the U.S. added 160,000 jobs, up from 114,000 in July, and that the unemployment rate dipped to …

Fewer Americans file jobless claims as U.S. labor market continues to defy elevated interest rates
4 months, 1 week ago

Fewer Americans file jobless claims as U.S. labor market continues to defy elevated interest rates

LA Times  

A hiring sign is displayed at a restaurant in Mount Prospect, Ill., on Tuesday. The number of Americans filing for unemployment benefits fell slightly last week as the U.S. labor market remains healthy in the face of high interest rates. But they started rising in May, hitting 250,000 in late July and adding to evidence that high interest rates were …

U.S. applications for unemployment benefits inch up, but remain at historically healthy levels
4 months, 2 weeks ago

U.S. applications for unemployment benefits inch up, but remain at historically healthy levels

Associated Press  

Slightly more Americans filed for unemployment benefits last week, but the number of claims remains at healthy levels. But they started rising in May, hitting 250,000 in late July and adding to evidence that high interest rates are taking a toll on the U.S. job market. However, the tiny increase in claims this week follows two straight weeks of declines, …

U.S. applications for unemployment benefits inch up, but remain at historically healthy levels
4 months, 2 weeks ago

U.S. applications for unemployment benefits inch up, but remain at historically healthy levels

LA Times  

A hiring sign is displayed at a liquor store in Arlington Heights, Ill., in May. The number of Americans filing for unemployment benefits rose modestly last week, but the level of claims remains at healthy levels. But they started rising in May, hitting 250,000 in late July and adding to evidence that high interest rates are taking a toll on …

Fewer Americans filed for jobless benefits last week, but applications remain slightly elevated
5 months ago

Fewer Americans filed for jobless benefits last week, but applications remain slightly elevated

LA Times  

The number of Americans filing for jobless benefits fell last week but remain at slightly elevated though not troubling levels. Jobless claims for the week of Aug. 3 fell by 17,000 to 233,000 last week, the Labor Department reported Thursday. Thursday’s report was the first snapshot of the U.S. labor market since last week’s deeply disappointing jobs data for July …

With 114,000 new jobs in July, hiring slows down in US. Unemployment rate at 4.3%
5 months ago

With 114,000 new jobs in July, hiring slows down in US. Unemployment rate at 4.3%

Firstpost  

US hiring slowed sharply in July, adding only 114,000 jobs well below the forecasted 175,000, causing the unemployment rate to rise to 4.3%, the highest since October 2021. The unemployment rate unexpectedly surged to 4.3%, its highest level since October 2021, contrary to expectations of it remaining steady at 4.1%. Many economists believe that today’s rising unemployment rates reveal an …

Unemployment rises again in July, reviving worries of a recession
5 months, 1 week ago

Unemployment rises again in July, reviving worries of a recession

LA Times  

People visit the California Employment Development Department office in Sacramento. U.S. job growth slowed sharply last month and the unemployment rate rose to a nearly three-year high of 4.3%, the latest sign of a cooling labor market, the government reported Friday. Employers added 114,000 jobs in July, well below economists’ projections and down from an average monthly gain of 215,000 …

The number of Americans filing for jobless claims hits highest level in a year
5 months, 1 week ago

The number of Americans filing for jobless claims hits highest level in a year

Associated Press  

The number of Americans filing for unemployment benefits jumped to its highest level in a year last week, even as the labor market remains surprisingly healthy in an era of high interest rates. Jobless claims for the week ending July 27 climbed by 14,000 to 249,000, from 235,000 the previous week, the Labor Department reported Thursday. Weekly unemployment claims are …

As jobless claims hit highest level in a year, labor market remains healthy
5 months, 1 week ago

As jobless claims hit highest level in a year, labor market remains healthy

LA Times  

The number of Americans filing for unemployment benefits jumped to its highest level in a year last week, even as the labor market remains surprisingly healthy in an era of high interest rates. Jobless claims for the week that ended July 27 climbed to 249,000 from 235,000 the previous week, the Labor Department reported Thursday. Weekly unemployment claims are widely …

US labour market generates 206,000 jobs in June, unemployment rate increases to 4.1%
6 months ago

US labour market generates 206,000 jobs in June, unemployment rate increases to 4.1%

Hindustan Times  

The United States added 206,000 jobs in June, which was less than the previous month but still more than predicted. The US unemployment rate increased slightly from 4% to 4.1 percent, according to the Bureau of Labor Statistics' report released on Friday. According to the Bureau of Labor Statistics' report released on Friday, the US unemployment rate increased slightly from …

The number of Americans filing for jobless benefits jumps to the highest level in 10 months
6 months, 3 weeks ago

The number of Americans filing for jobless benefits jumps to the highest level in 10 months

Associated Press  

The number of Americans filing for jobless benefits jumped to the highest level in 10 months last week, a sign that the labor market is likely cooling under the weight of high interest rates. “That would be consistent with a slower pace of hiring and fewer workers leaving their jobs.” Though this week’s number seems relatively high, it’s still within …

The number of Americans applying for jobless benefits holds steady as labor market remains strong
8 months, 3 weeks ago

The number of Americans applying for jobless benefits holds steady as labor market remains strong

Associated Press  

The number of Americans filing for jobless benefits didn’t change last week as the labor market continues to defy efforts by the Federal Reserve to cool hiring. The Labor Department reported Thursday that unemployment claims for the week ending April 13 were unchanged from the previous week’s 212,000. Many economists thought there was a chance the rapid rate hikes could …

Will the US unemployment rate continue at historic lows?
9 months ago

Will the US unemployment rate continue at historic lows?

Al Jazeera  

US job growth has continued at a steady clip in the months since the COVID-19 pandemic, but experts are looking for warning signs. All eyes will be on Friday’s US unemployment numbers to see how many jobs were added in March and whether the unemployment rate continues to stay in its historically low range or if it is time for …

US job openings rise modestly to 8.8 million in February in strong labor market
9 months ago

US job openings rise modestly to 8.8 million in February in strong labor market

Associated Press  

WASHINGTON — U.S. job openings barely changed in February, staying at historically high levels in a sign that the American job market remains strong. But the Job Openings and Labor Turnover Survey, or JOLTS, showed that layoffs ticked up to 1.7 million in February from 1.6 million in January, highest since March 2023. “Job openings are still elevated relative to …

Applications for US unemployment benefits dip to 210,000 in strong job market
9 months, 1 week ago

Applications for US unemployment benefits dip to 210,000 in strong job market

Associated Press  

NEW YORK — The number of Americans signing up for unemployment benefits fell slightly last week, another sign that the labor market remains strong and most workers enjoy extraordinary job security. Applications for unemployment benefits are viewed as a proxy for layoffs and a sign of where the job market is headed. Economists expect some tightening in the jobs market …

Jobs surge sees unemployment rate tumble back to 3.7 per cent
9 months, 2 weeks ago

Jobs surge sees unemployment rate tumble back to 3.7 per cent

ABC  

In short: An additional 116,500 Australians were employed in February, the biggest monthly jobs gain on record, outside of the pandemic period. The unemployment rate has dropped back to 3.7 per cent with more than 116,000 extra Australians in employment last month, compared with January, according to seasonally adjusted data from the Australian Bureau of Statistics. "With employment growing by …

Number of Americans filing for jobless benefits remains low in a thriving labor market
9 months, 3 weeks ago

Number of Americans filing for jobless benefits remains low in a thriving labor market

Associated Press  

The number of Americans applying for jobless benefits last week inched up but largely stayed at historically low levels as the labor market continues to thrive despite elevated interest rates. The Labor Department reported Thursday that filings for unemployment claims for the week ending March 9 ticked down by 1,000 to 209,000 from the previous week’s 208,000. In total, 1.81 …

US applications for jobless claims hold at healthy levels
10 months ago

US applications for jobless claims hold at healthy levels

Associated Press  

U.S. applications for jobless benefits were unchanged last week, settling at a healthy level as the labor market continues to show strength in the face of elevated interest rates. Unemployment claims for the week ending March 2 were 217,000, matching the previous week’s revised level, the Labor Department reported Thursday. In total, 1.9 million Americans were collecting jobless benefits during …

US applications for jobless benefits rise but remain historically low despite recent layoffs
10 months, 1 week ago

US applications for jobless benefits rise but remain historically low despite recent layoffs

Associated Press  

More Americans applied for jobless benefits last week, but layoffs remain historically low even as more high-profile companies have announced job cuts this year. Applications for unemployment benefits rose by 13,000 to 215,000 for the week ending Feb. 24, the Labor Department reported Thursday. In total, 1.9 million Americans were collecting jobless benefits during the week that ended Feb. 17, …

Unemployment jumps 'quite sharply', passing 4 per cent with scarcely any jobs added in January
10 months, 3 weeks ago

Unemployment jumps 'quite sharply', passing 4 per cent with scarcely any jobs added in January

ABC  

In short: The unemployment rate rose to 4.1 per cent in January, from 3.9 per cent in December. "This was the first time in two years, since January 2022, that the unemployment rate had been above 4 per cent," noted the bureau's head of labour statistics Bjorn Jarvis. Treasurer Jim Chalmers said the rise in the unemployment rate was an …

More Americans apply for unemployment benefits but layoffs still historically low
11 months, 1 week ago

More Americans apply for unemployment benefits but layoffs still historically low

Associated Press  

The number of Americans filing for jobless benefits rose last week to the highest level in 11 weeks, though layoffs remain at historically low levels. Applications for unemployment benefits climbed to 224,000 for the week ending Jan. 27, an increase of 9,000 from the previous week, the Labor Department reported Thursday. Though inflation has eased considerably in the past year, …

US applications for unemployment benefits fall again as job market continues to show strength
1 year ago

US applications for unemployment benefits fall again as job market continues to show strength

Associated Press  

The number of Americans applying for unemployment benefits fell last week as the labor market continues to show resilience despite elevated interest rates. In an effort to extinguish the four-decade high inflation that took hold after an unusually strong economic rebound from the COVID-19 recession of 2020, the Federal Reserve raised its benchmark rate 11 times since March of 2022. …

US applications for jobless benefits rise but labor market remains solid
1 year ago

US applications for jobless benefits rise but labor market remains solid

Associated Press  

More Americans applied for unemployment benefits last week, but not enough to raise concern about the labor market or broader economy. The Federal Reserve started raising interest rates early last year to try to beat down the inflation that surged after an unusually strong economic rebound from the COVID-19 recession of 2020. The Fed has left rates alone at its …

Weekly US unemployment claims rise slightly but job market remains strong as inflation eases
1 year ago

Weekly US unemployment claims rise slightly but job market remains strong as inflation eases

Associated Press  

WASHINGTON — The number of Americans applying for unemployment benefits rose slightly last week but still remained at historically low levels despite high interest rates intended to slow hiring and cool the economy. The Federal Reserve began raising interest rates last year to combat the inflation that surged as the result of an unexpectedly strong economic rebound from the COVID-19 …

Solid US hiring lowers unemployment rate in latest sign of a still-sturdy job market
1 year, 1 month ago

Solid US hiring lowers unemployment rate in latest sign of a still-sturdy job market

Associated Press  

WASHINGTON — U.S. employers added a healthy 199,000 jobs last month and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing,” in which inflation would return to the Federal Reserve’s 2% target without causing a steep recession. “From my perspective,” Seyedian said, “the economy is still strong, and people still want to spend money.” …

U.S. employers add a solid 199,000 jobs and unemployment falls, signaling a still-sturdy labor market
1 year, 1 month ago

U.S. employers add a solid 199,000 jobs and unemployment falls, signaling a still-sturdy labor market

LA Times  

Mechanic David Stoliaruk works on the engine of a car at IC Auto in Philadelphia on May 2. The nation’s employers added a solid 199,000 jobs last month and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing,” in which inflation would return to the Federal Reserve’s 2% target without causing a steep recession. …

US job openings fall to lowest level since March 2021 as labor market cools
1 year, 1 month ago

US job openings fall to lowest level since March 2021 as labor market cools

Associated Press  

WASHINGTON — U.S. employers posted 8.7 million job openings in October, the fewest since March 2021, in a sign that hiring is cooling in the face of higher interest rates yet remains at a still-healthy pace. The drop in job openings last month was particularly steep in healthcare and social assistance, where they fell by 236,000; finance, which includes banking, …

Applications for jobless benefits up modestly, but continuing claims reach highest level in 2 years
1 year, 1 month ago

Applications for jobless benefits up modestly, but continuing claims reach highest level in 2 years

Associated Press  

Slightly more Americans filed for jobless claims last week, but the overall number of people in the U.S. collecting unemployment benefits rose to its highest level in two years. Applications for unemployment benefits rose by 7,000 to 218,000 for the week ending Nov. 25, the Labor Department reported Thursday. The Federal Reserve has raised its benchmark interest rate 11 times …

US applications for jobless benefits inch down, remain at historically healthy levels
1 year, 1 month ago

US applications for jobless benefits inch down, remain at historically healthy levels

Associated Press  

Slightly fewer Americans applied for jobless claims last week, further indicating that the labor market remains strong in an era of high interest rates. Though Fed officials opted to leave the benchmark rate alone last week, the U.S. central bank has raised rates 11 times since March of 2022 in an effort to tame inflation, which reached a four-decade high …

US applications for jobless benefits inch up but layoffs remain historically low
1 year, 3 months ago

US applications for jobless benefits inch up but layoffs remain historically low

Associated Press  

Slightly more Americans applied for jobless claims last week, but layoffs remain low and the labor market continues to show resiliency amid elevated interest rates imposed by the Federal Reserve. Applications for unemployment benefits ticked up by 2,000 to 207,000 for the week ending Sept. 30, the Labor Department reported Thursday. Though the Federal Reserve opted to leave its benchmark …

More evidence that the US job market remains hot after US job openings rise unexpectedly in August
1 year, 3 months ago

More evidence that the US job market remains hot after US job openings rise unexpectedly in August

Associated Press  

WASHINGTON — U.S. job openings unexpectedly rose in August, another sign the U.S. labor market remains strong despite higher interest rates — perhaps too strong for the inflation fighters at the Federal Reserve. American employers posted 9.6 million job openings in August, up from 8.9 million in July and the first uptick in three months, the Labor Department said Tuesday. …

US applications for jobless claims inch back down as companies hold on to their employees
1 year, 4 months ago

US applications for jobless claims inch back down as companies hold on to their employees

Associated Press  

U.S. applications for unemployment benefits fell slightly last week as companies held on to employees in an economy that has largely withstood rapidly rising interest rates, intended to cool hiring and spending, for more than a year. The number of Americans applying for jobless benefits last fell week by 4,000, to 228,000 the week ending August 26, the Labor Department …

U.S. jobless claims applications fall as labor market continues to show resiliency
1 year, 4 months ago

U.S. jobless claims applications fall as labor market continues to show resiliency

Associated Press  

The U.S. labor market continues to flex its muscle as applications for jobless claims fell again last week and remain at healthy levels in the face of high interest rates and inflation. Applications for unemployment benefits dropped by 11,000 to 239,000 for the week ending August 12, down from 250,000 the previous week, the Labor Department reported Thursday. Early this …

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