Articles for Jobless Claims

Kentucky awards contract to replace unemployment insurance system that struggled during the pandemic
7 months ago

Kentucky awards contract to replace unemployment insurance system that struggled during the pandemic

Associated Press  

FRANKFORT, Ky. — Kentucky has awarded a long-awaited contract to replace its decades-old unemployment insurance system, which showed its shortcomings during the COVID-19 pandemic when a record surge of jobless claims resulted in processing backlogs, the state said Friday. Once operational, the upgraded system will provide easier access for Kentuckians filing jobless claims as well as for staff members who …

Unemployment Claims Kentucky State Unemployment Insurance System Beshear
California in a jam after borrowing billions to pay unemployment benefits
8 months, 1 week ago

California in a jam after borrowing billions to pay unemployment benefits

LA Times  

Gavin Newsom discusses his proposed state budget for the 2024-25 fiscal year at a January news conference in Sacramento. Although the pandemic is largely to blame for California’s huge unemployment insurance debt — and there’s been a lot of attention on dollars lost to fraud — analysts and workers’ rights groups point to another problem: Even during more-normal economic times, …

Benefits Insurance Taxes Unemployment Workers Pay California
S&P 500 rebounds riding on tech, energy; weekly jobless claims witness surge
2 years ago

S&P 500 rebounds riding on tech, energy; weekly jobless claims witness surge

Live Mint  

The S&P 500 gained ground on Thursday, lifted by technology and energy shares, while a rise in weekly jobless claims suggested the labor market was slowing down. However, investors drew some comfort on Thursday after data showed the number of Americans filing claims for jobless benefits increased moderately last week, while unemployment rolls hit a 10-month high toward the end …

Fed Rate Jobless Claims
US weekly jobless claims unexpectedly jump to 8-month high
2 years, 5 months ago

US weekly jobless claims unexpectedly jump to 8-month high

Al Jazeera  

Applications for US state unemployment insurance rose for a third week to the highest since November as more companies announce job cuts, suggesting some softening in the labor market. Initial unemployment claims increased by 7,000 to 251,000 in the week ended July 16, Labor Department data showed Thursday. Continuing claims for state benefits rose 51,000 to 1.38 million in the …

Jobless Claims Unexpectedly Jump
Occidental Petroleum earns, consumer prices, jobless claims
2 years, 7 months ago

Occidental Petroleum earns, consumer prices, jobless claims

Associated Press  

A look at some of the key business events and economic indicators upcoming this week: PUMPED UP Occidental Petroleum reports its first-quarter results Tuesday. Rising energy prices over the past year and in the months since Russia’s invasion of Ukraine have helped boost oil and gas company profits. Consumer price index, annual percent change, not seasonally adjusted: Nov. 6.8 Dec. …

Price Jobless Claims
Business Highlights: Musk’s Twitter bid, jobless claims
2 years, 8 months ago

Business Highlights: Musk’s Twitter bid, jobless claims

Associated Press  

___ Tesla CEO Elon Musk offers to buy Twitter for $43 billion NEW YORK — Tesla CEO Elon Musk has offered to buy Twitter outright, saying the social media platform “needs to be transformed” from his perspective as a self-identified “free speech absolutist.” Musk is currently Twitter’s biggest individual shareholder. ___ US jobless claims rise but remain near a half-century …

Job Ukraine Inflation Mortgage New York Musk Washington
Fewer Americans file for jobless claims last week
2 years, 9 months ago

Fewer Americans file for jobless claims last week

Associated Press  

WASHINGTON — Fewer Americans applied for unemployment benefits last week as layoffs continue to fall amid a strong job market rebound. Jobless claims fell by 15,000 to 214,000 for the week ending March 12, down from the previous week’s 229,000, the Labor Department reported Thursday. The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the …

Rate Jobless Claims
Fewer Americans collecting jobless aid since 1970
2 years, 10 months ago

Fewer Americans collecting jobless aid since 1970

Al Jazeera  

Jobless claims fell by 17,000, from 249,000 to 232,000 for the week ending February 19, US data showed. The number of Americans collecting unemployment benefits fell to a 52-year low after another decline in jobless aid applications last week. Jobless claims fell by 17,000, from 249,000 to 232,000 for the week ending February 19, the Labor Department reported Thursday. In …

Jobless Claims Jobless Aid
Banks, railways privatisation will leave 5 lakh employees jobless, claims Varun Gandhi
2 years, 10 months ago

Banks, railways privatisation will leave 5 lakh employees jobless, claims Varun Gandhi

India TV News  

Highlights Varun Gandhi opposed any privatisation of banks and railways The BJP MP said it will render five lakh people unemployed Privatisation of banks, railways alone will lead to forced retirement of 5 lakh employees, he said Ruling Bharatiya Janata Party MP Varun Gandhi on Tuesday opposed any privatisation of banks and railways, claiming it will render five lakh people …

Gandhi Bjp Lakh Privatisation Jobless Claims Varun Gandhi
US jobless claims edge up but remain low in tight labor market
2 years, 10 months ago

US jobless claims edge up but remain low in tight labor market

Live Mint  

Jobless claims rose last week but remained historically low, indicating the labor market is on strong footing as Covid-19 cases of the Omicron variant decline. Initial jobless claims, a proxy for layoffs, increased to a seasonally adjusted 248,000 last week from 225,000 a week earlier, the Labor Department said Thursday. Continuing claims, a proxy for the total number of people …

Labor Claims Omicron Jobless Claims
Jobless claims fall for second straight week
2 years, 10 months ago

Jobless claims fall for second straight week

Associated Press  

WASHINGTON — After three consecutive weeks of unemployment claims that appeared to rise in tandem with omicron, fewer Americans applied for unemployment benefits for the second week in a row. Jobless claims fell by 23,000 to 238,000 last week, from 261,000 the previous week, the Labor Department reported Thursday. Jobless claims, a proxy for layoffs, had fallen mostly steadily for …

Economy Claims Jobless Claims
US weekly jobless claims fall for the first time in a month
2 years, 10 months ago

US weekly jobless claims fall for the first time in a month

Associated Press  

WASHINGTON — Fewer Americans applied for unemployment benefits last week following three straight increases amid a surge in cases of the omicron variant of COVID-19. Jobless claims, a proxy for layoffs, had fallen mostly steadily for about a year and late last year dipped below the pre-pandemic average of around 220,000 a week. The job market has bounced back from …

Fed Last Year Jobless Claims Claims Fall
US jobless claims show no sign of rising even as Omicron spreads
3 years ago

US jobless claims show no sign of rising even as Omicron spreads

Al Jazeera  

The labour market recovery is staying the course, despite the threat of Omicron. Applications for state unemployment benefits in the United States were unchanged last week, signalling that the labour market continues to recover even as the Omicron variant of the coronavirus spreads across the country. Initial jobless claims – a proxy for layoffs – were little changed at a …

Job Million Omicron Jobless Claims
US jobless claims hit pandemic low, Federal Reserve eyes tapering
3 years, 4 months ago

US jobless claims hit pandemic low, Federal Reserve eyes tapering

Al Jazeera  

Data from the US Department of Labor showed initial claims for jobless aid fell to their lowest level since March 14, 2020, when the coronavirus pandemic hit the US. Initial claims for state unemployment benefits in the United States fell for the fourth consecutive week, hitting their lowest levels since the coronavirus pandemic first shuttered many businesses and sent workers …

Economy Market Pandemic Federal Progress Federal Reserve Jobless Claims
US jobless claims fall to 364,000, a new pandemic low
3 years, 5 months ago

US jobless claims fall to 364,000, a new pandemic low

Associated Press  

WASHINGTON — The number of Americans applying for unemployment aid fell again last week to the lowest level since the pandemic struck last year, further evidence that the job market and the broader economy are rebounding rapidly from the coronavirus recession. “As life normalizes and the service sector continues to gain momentum, we expect initial jobless claims to remain in …

Economy Benefits Pandemic Unemployment Claims Federal Low
US economy grows 6.4% in Q1, and it’s likely just the start
3 years, 6 months ago

US economy grows 6.4% in Q1, and it’s likely just the start

Associated Press  

WASHINGTON — The U.S. economy grew at a solid 6.4% rate in the first three months of the year, setting the stage for what economists believe may be the strongest year for the economy in about seven decades. Growth in the gross domestic product, the country’s total output of goods and services, was unchanged from two previous estimates, the Commerce …

Economy Growth Spending Month Quarter Rate Jobless Claims
US jobless claims fall to 473K as more GOP governors bar aid
3 years, 7 months ago

US jobless claims fall to 473K as more GOP governors bar aid

Associated Press  

WASHINGTON — The number of Americans seeking unemployment benefits fell last week to 473,000, a new pandemic low and the latest evidence that fewer employers are cutting jobs as consumers ramp up spending and more businesses reopen. In Thursday’s report on jobless claims, the government said nearly 16.9 million people were receiving unemployment aid during the week of April 24, …

Benefits Jobs States Biden Aid Benefit Unemployment Benefits
Unemployment claims fell to a pandemic low. But there’s still a jobs crisis in America
3 years, 9 months ago

Unemployment claims fell to a pandemic low. But there’s still a jobs crisis in America

CNN  

New York CNN Business — Here’s the best worst news you’ll hear all week: Unemployment claims fell to a pandemic low. Last week, 684,000 people filed for unemployment claims on a seasonally adjusted basis — the first time that number fell below 700,000 during the pandemic. Last week’s number is actually worse than it appears: Nearly 242,000 people filed for …

Economy Pandemic Unemployment Claims Jobless Claims Unemployment Claims
Across US and Europe, pandemic’s grip on economies tightens
4 years ago

Across US and Europe, pandemic’s grip on economies tightens

Associated Press  

WASHINGTON — The worsening of the viral pandemic across the United States and Europe is threatening their economies and intensifying pressure on governments and central banks on both continents to intervene aggressively. “There are reasons to be concerned.” When the U.S. Federal Reserve meets next week, it may provide more detailed guidance on how long it will continue its own …

Economy Benefits Europe Jobs Congress Unemployment Aid
Unemployment claims fell slightly, but another 1.2 million Americans filed for first-time jobless benefits last week
4 years, 4 months ago

Unemployment claims fell slightly, but another 1.2 million Americans filed for first-time jobless benefits last week

CNN  

New York CNN Busness — In recent weeks the recovery from America’s jobs crisis seemed to have hit a roadblock, but last week’s claims for first-time unemployment benefits fell more than expected. That said, another 1.2 million Americans filed for initial jobless benefits in the week ending August 1 on a seasonally adjusted basis, the Department of Labor reported on …

Pandemic States Unemployment Workers Claims Million Filed
Jobless claims rise as cutoff of extra $600 benefit nears
4 years, 5 months ago

Jobless claims rise as cutoff of extra $600 benefit nears

Associated Press  

WASHINGTON — The nation got another dose of bad economic news Thursday as the number of laid-off workers seeking jobless benefits rose for the first time since late March, intensifying concerns the resurgent coronavirus is stalling or even reversing the economic recovery. With the count of U.S. infections passing 4 million and the aid ending, nearly 30 million unemployed people …

Benefits Economic Republican Million Republicans Virus Benefit
Lingering jobless claims cause headache for the governor
4 years, 6 months ago

Lingering jobless claims cause headache for the governor

Associated Press  

FRANKFORT, Ky. — The plight of Kentuckians still in limbo in seeking unemployment benefits has become a major political headache for the state’s Democratic governor, opening him up to criticism Thursday from Republican leaders who have given him considerable latitude in handling the coronavirus crisis. Beshear has wrangled with complaints about the pace of processing jobless claims since Kentucky, like …

Claims State House Republican Leaders Beshear Bevin Kentuckians