Persistently high layoffs suggest a slow US economic rebound
4 years, 6 months ago

Persistently high layoffs suggest a slow US economic rebound

Associated Press  

WASHINGTON — Three months after the viral outbreak shut down businesses across the country, U.S. employers are still shedding jobs at a heavy rate, a trend that points to a slow and prolonged recovery from the recession. The number of laid-off workers seeking unemployment benefits barely fell last week to 1.5 million, the government said Thursday. The figures surprised and disappointed analysts who had expected far fewer people to seek unemployment aid as states increasingly reopen their economies and businesses recall some laid-off people back to work. In May, for example, employers added 2.5 million jobs — an increase that caught analysts off-guard because the number of applications for unemployment aid was still so high. Thursday’s report showed that an additional 760,000 people applied for jobless benefits last week under a new program for self-employed and gig workers that made them eligible for aid for the first time.

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History of this topic

US applications for jobless claims fall to 201,000, lowest level in nearly a year
Trending News
1 week 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 week, 1 day 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 …

US job openings rise unexpectedly to 8.1 million in November, a sign the labor market is resilient
1 week, 1 day ago

US job openings rise unexpectedly to 8.1 million in November, a sign the labor market is resilient

Associated Press  

WASHINGTON — U.S. job openings rose unexpectedly in November, showing companies are still looking for workers even as the labor market has cooled overall. Openings rose to 8.1 million in November, the most since February and up from 7.8 million in October, the Labor Department reported Tuesday. When the Labor Department releases December hiring numbers on Friday, they’re expected to …

Here’s the latest sign the job market is cooling
Trending News
1 week, 2 days ago

Here’s the latest sign the job market is cooling

CNN  

CNN — The “Great Stay” deepened in November as the number of people who quit their jobs that month dropped to under 3.1 million, a level not seen since the height of the pandemic. The latest Job Openings and Labor Turnover Survey report, which was released Tuesday, also showed that hiring activity remained at a decade low, a further indication …

US unemployment claims hit 8-month low as consistent environment prevails job market
1 week, 6 days 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 …

US unemployment claims fall to 211,000, the lowest level since March
1 week, 6 days ago

US unemployment claims fall to 211,000, the lowest level since March

Associated Press  

WASHINGTON — The number of Americans applying for unemployment checks dropped last week to the lowest level since March, suggesting that suggest most U.S. workers continue to enjoy unusually high job security. The overall numbers receiving unemployment benefits fell by 52,000 to 1.84 million, the lowest since September. When the Labor Department releases hiring numbers for December on Jan. 10, …

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

US applications for unemployment benefits come back down after last week’s big rise
3 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
1 month 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
1 month 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 hiring rebounds after slump on hurricanes, strike
1 month, 1 week ago

US hiring rebounds after slump on hurricanes, strike

New Indian Express  

WASHINGTON: The US economy added more jobs than expected last month, government data showed Friday, bouncing back from a dramatic slowdown triggered by hurricanes and labor strikes. While Boussour said she expects job growth to settle "below trend" as the labor market cools gradually, she added that "a labor market downturn isn't on the near-term horizon" with layoffs remaining relatively …

Job openings rose while hiring dropped in October, labor report shows
1 month, 1 week 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, 2 weeks 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, 3 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 Hiring Rebounds Slightly And Unemployment Rate Dips In Sign Of Still-Slowing Job Market
4 months, 1 week ago

US Hiring Rebounds Slightly And Unemployment Rate Dips In Sign Of Still-Slowing Job Market

Huff Post  

A linesman works on power lines under the morning sun, July 12, 2024, in Phoenix. via Associated Press WASHINGTON — Hiring by America’s employers picked up a bit in August from July’s sluggish pace, and the unemployment rate dipped for the first time since March in a sign that the job market may be cooling but remains sturdy. In a …

Applications for U.S. jobless benefits fall to two-month low as layoffs remain at healthy levels
4 months, 1 week 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, 2 weeks 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, 3 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, 3 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 …

The job market might be more fragile than previously thought
4 months, 3 weeks ago

The job market might be more fragile than previously thought

NPR  

The job market might be more fragile than previously thought NPR’s Ailsa Chang talks to senior economist at Wells Fargo, Sarah House, about the revision in jobs numbers that show the U.S. economy employed 818,000 fewer people that originally reported in March. HOUSE: Yeah, so it is pretty surprising to see that sort of downward revision when the economy is …

Fewer Americans filed for jobless benefits last week, but applications remain slightly elevated
5 months, 1 week 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 …

The number of Americans filing for jobless claims hits highest level in a year
5 months, 2 weeks 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, 2 weeks 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 jobless claims fall to 238,000 from 10-month high, remain low by historical standards
6 months, 3 weeks ago

US jobless claims fall to 238,000 from 10-month high, remain low by historical standards

Associated Press  

WASHINGTON — The number of Americans applying for unemployment benefits slipped last week as the U.S. labor market remained resilient. The Labor Department reported Thursday that jobless claims fell by 5,000 to 238,000 from a 10-month high of 243,000 the week before. Weekly unemployment claims — a proxy for layoffs — remain at low levels by historical standards, a sign …

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

US job openings fall to 8.1 million, lowest since 2021, but remain at historically high levels
7 months, 1 week ago

US job openings fall to 8.1 million, lowest since 2021, but remain at historically high levels

Associated Press  

WASHINGTON — U.S. job openings fell in April to the lowest level since 2021. Monthly job openings have come down steadily a peak of 12.2 million in March 2022 — as the economy’s recovery from COVID-19 lockdowns left companies desperate for workers — but they remain at a high level. Fed policymakers likely welcome lower job openings — a relatively …

US applications for jobless benefits come back down after last week’s 9-month high
7 months, 4 weeks ago

US applications for jobless benefits come back down after last week’s 9-month high

Associated Press  

Fewer Americans applied for unemployment benefits last week as layoffs remain at historically low levels even as other signs that the labor market is cooling have surfaced. Last week’s applications were the most since the final week of August 2023, though it’s still a relatively low number of layoffs. Weekly unemployment claims are considered a proxy for the number of …

US weekly jobless claims hit highest level since August of 2023, though job market is still hot
8 months ago

US weekly jobless claims hit highest level since August of 2023, though job market is still hot

Associated Press  

The number of Americans applying for unemployment benefits jumped to its highest level in more than eight months last week, another indication that the red hot U.S. labor market may be softening. Though last week’s claims were the most since the final week of August 2023, it’s still a relatively low number of layoffs and not cause for concern. Weekly …

US job openings fall to 8.5 million in March, the lowest level in more than 3 years
8 months, 2 weeks ago

US job openings fall to 8.5 million in March, the lowest level in more than 3 years

Associated Press  

WASHINGTON — U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher interest rates. The Labor Department reported Wednesday that employers posted 8.5 million vacancies in March, down from 8.8 million in February and the …

The number of Americans applying for jobless benefits holds steady as labor market remains strong
8 months, 4 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, 1 week 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, 1 week 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, 2 weeks 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 …

Number of Americans filing for jobless benefits remains low in a thriving labor market
10 months 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, 1 week 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, 2 weeks 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, …

Pay rising too fast for interest rate cut, economists warn
11 months ago

Pay rising too fast for interest rate cut, economists warn

The Telegraph  

The number of people kept out of the jobs market by long-term sickness remains near an all-time high, ONS figures showed. One person in every 15 of working age – 6.6pc, equivalent to 2.8 million people – said ill health kept them from working or from looking for a job in the final quarter of 2023. Government must do more …

Job growth is trending up even as some industries experience big layoffs. This is why
11 months, 1 week ago

Job growth is trending up even as some industries experience big layoffs. This is why

Associated Press  

WASHINGTON — Blockbuster job growth in the past several months has coincided with high-profile layoff announcements by a number of large companies. Relative to the U.S. labor force of 160 million people, layoffs so far have been dwarfed by consistently vigorous hiring — a monthly average of 248,000 jobs added over the past six months. The Labor Department doesn’t track …

More Americans apply for unemployment benefits but layoffs still historically low
11 months, 2 weeks 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 job openings rose in December, pointing to a still-durable labor market
11 months, 2 weeks ago

US job openings rose in December, pointing to a still-durable labor market

Associated Press  

WASHINGTON — America’s employers posted 9 million job openings in December, an increase from November and another sign that the U.S. job market remains resilient despite the headwind of higher interest rates. The U.S. economy and job market have remained surprisingly durable despite sharply higher interest rates, which have led to higher borrowing rates for consumers and businesses. Higher rates …

U.S. employers add a surprisingly strong 216,000 jobs in a sign of continued economic strength
1 year ago

U.S. employers add a surprisingly strong 216,000 jobs in a sign of continued economic strength

LA Times  

The nation’s labor market is still cranking out enough jobs to keep the unemployment rate near historic lows. The nation’s employers added a robust 216,000 jobs last month, the latest sign that the American job market remains resilient even in the face of sharply higher interest rates. The Fed is satisfied enough with the progress so far that it hasn’t …

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 job openings fell slightly in November but remain high by historical standards
1 year ago

US job openings fell slightly in November but remain high by historical standards

Associated Press  

WASHINGTON — America’s employers posted 8.8 million job openings in November, down slightly from October and the fewest since March 2021. Wednesday’s report, called the Jobs Openings and Labor Turnover Summary, reinforced other recent evidence that while the job market is slowing from its robust heights, it remains solid. In the face of rising interest rates, job openings have gradually …

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, …

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