Home » Posts tagged with » jobless

Applications for unemployment aid drop for third week

Fewer people applied for unemployment benefits last week, the third drop in the past four weeks and a sign that the job market is slowly improving. The Labor Department says weekly claims for jobless aid dipped by 3,000 to a seasonally adjusted 420,000 in the week ending Dec. 11. The four-week average of claims, a… Continue Reading Applications for unemployment aid drop for third week

Economy loses speed in spring; more weakness ahead

Comments Off

U.S. economic growth tailed off sharply in the spring and probably isn’t faring any better now. The Commerce Department reported Thursday that gross domestic product – the broadest measure of the economy’s health – expanded at a feeble 1.7 percent annual rate in the April-to-June quarter. The new reading is a notch higher than the… Continue Reading Economy loses speed in spring; more weakness ahead

Continue reading …

2 big threats to the economy shrink a bit

Comments Off

The economy may have a long way to go, but at least two big threats are fading. Economists are less worried that the U.S. will experience another round of mass layoffs and its first bout of deflation since the 1930s after the release of two government reports Thursday. The third drop in jobless claims in… Continue Reading 2 big threats to the economy shrink a bit

Continue reading …

New claims for jobless benefits rise to 479K

Comments Off

Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring remains weak and some companies are still cutting workers. The Labor Department said Thursday that new claims for unemployment insurance rose by 19,000 to a seasonally adjusted 479,000. Analysts had expected a small drop. Claims have risen… Continue Reading New claims for jobless benefits rise to 479K

Continue reading …

New jobless claims jump from two-year low

Comments Off

New jobless claims jumped last week by the most since February, reversing the previous week’s sharp decline. The rise is partly a result of seasonal factors but also reflects the job market’s weakness. New claims for unemployment insurance jumped by 37,000 to a seasonally adjusted 464,000, the Labor Department said today. The sharp increase comes… Continue Reading New jobless claims jump from two-year low

Continue reading …

WASHINGTON (AP) – The number of newly laid-off workers filing initial claims for jobless benefits last week fell to lowest level since early January, largely due to changes in the timing of auto industry layoffs. Continuing claims, meanwhile, unexpectedly jumped to a record-high. While layoffs are slowing, jobs remain scarce and the unemployment rate is… Continue Reading Jobless claims at lowest level since January

Continue reading …

WASHINGTON (AP) – For a 10th straight week, the number of people who are continuing to claim jobless benefits increased, fresh evidence that the labor market remains weak despite other hopeful signs that the recession may have bottomed out. New claims for unemployment benefits last week rose to a seasonally adjusted 652,000 from the previous… Continue Reading Jobless claims rise for 10th straight week – recession’s bottom nowhere to be found

Continue reading …