Jobless Claims

Jobless Claims

he numbers of U.S. workers signing up for first-time unemployment benefits is an indicator of the general health of the economy. Track reports of unemployment and discuss the health of our economy.

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From:   www.afp.com
Initial claims for US jobless insurance benefits plunged to their lowest levels since September last year, according to official data Wednesday showing improvement in the troubled labor market. The seasonally adjusted number of new unemployment claims in the week ending November 21 decreased by 35,000 to 466,000 from the previous week's revised figure of 501,000, the Labor Department said. It was much lower than the 500,000 expected by analysts and is the first time the four-week moving average has dipped below the half-million level since 2008. The four-week moving average, which smooths out week-to-week volatility, was 496,500, a decrease of 16,500 from the previous ... Read Full Story
From:   www.ap.org
The number of newly laid-off workers filing claims for unemployment benefits fell more than expected last week to the lowest level in over a year. The concern is that the big improvement will be temporary as the weak economy continues to push unemployment higher. The Labor Department said Wednesday that the number of people filing first-time claims for jobless benefits fell by 35,000 to 466,000. That was the lowest level for initial claims since the week of Sept. 13, 2008, and was far better than the 500,000 that economists had expected. The number of workers receiving benefits also fell sharply, dropping 190,000, to 5.42 ... Read Full Story
From:   www.ap.org
Indiana's unemployment rate of 9.8 percent in October was slightly more than September's adjusted jobless rate of 9.7 percent, but state officials said Friday the change is statistically insignificant. Indiana's October rate stayed below the national unemployment rate of 10.2 percent for that month, according to new numbers from the Indiana Department of Workforce Development. Indiana's unemployment was greater than the national average from October 2008 until September 2009. "Indiana's unemployment rate has held relatively steady for the past three months despite a steadily climbing national rate," DWD Commissioner Teresa Voors said in a statement. "However, a projected soft holiday retail season combined with ... Read Full Story
From:   www.afp.com
Initial claims for US jobless insurance benefits were unchanged last week, official data showed Thursday in a sign of stablization of the troubled labor market. The seasonally adjusted number of new unemployment claims in the week ending November 14 remained unchanged at 505,000, slightly higher than the 504,000 expected by most economists, the Labor Department said. It revised higher the claims registered during the week to November 7 to 505,000 from 502,000 previously. The four-week moving average, which smooths out week-to-week volatility, fell to 514,000, a decrease of 6,500 from the previous week's revised average of 520,500. The total number of Americans receiving unemployment ... Read Full Story
From:   www.ap.org
New claims for unemployment insurance fell more than expected last week, evidence the job market is slowly healing as the economy recovers. Still, many analysts worry the nation could be in for a "jobless recovery" as the unemployment rate rises despite some overall economic growth. The Labor Department said Thursday that first-time claims for jobless benefits dropped to a seasonally adjusted 502,000 from an upwardly revised 514,000 the previous week. That's the fewest claims since the week ending Jan. 3, and below economists' estimates. The four-week average, which smooths fluctuations, dropped to 519,750, the lowest in almost a year. It has fallen by more ... Read Full Story
LONDON (AP) - The unemployment rate in the 16 countries that use the euro held steady at 9.8 percent in October, official figures showed Tuesday. Eurostat, the EU's statistics office, said the unemployment rate in the eurozone was unchanged from the ...  
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(By David Ranii, David.ranii@newsobserver.com) North Carolina's high unemployment rate has stuck the state with $1.4 billion in debt - money that officials don't know how they'll pay back.It gets worse. The debt is still rising. The problem is that with about 500,000 people out of work, the state has more unemployment claims than it can pay. So it has been borrowing from the federal government since February, sometimes as much as $20 million a...  
From charlotteobserver.com ()
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The day before Thanksgiving brought encouraging news on unemployment.  CBS News.com reported "New Jobless Claims Plunge to 466K."  Investors.com headlined "Jobless Claims Dive To 466,000."  CNN Money.com issued a special report titled "Jobless claims plummet to 14-month low."  And the Financial Times included a link to the Calculated Risk blog article "Weekly Initial Unemployment Claims Decline Sharply."   Such good news, reported widely...  
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MOULTRIE — The latest unemployment numbers for counties are a mixed bag, with some counties showing an increase in joblessness while others saw falling unemployment. In Colquitt County the unemployment rate was 9.4 percent, up from the adjusted 9.1 ...  
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Zacks.com submits: This week initial jobless claims for unemployment insurance plunged by 35,000 to 466,000. Actually, considering that last week’s number of initial jobless claims was revised down to 501,000 from 505,000, one could argue that the decline in initial jobless claims was more like 39,000. This brought the four-week moving average of initial jobless claims (a better number to watch due to the weekly volatility of the numbers...  
From seekingalpha.com ()
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In a hopeful sign, the number of newly laid-off workers filing claims for unemployment benefits fell more than expected last week, dropping below 500,000 for the first time since January. And consumer spending picked up in October as Americans' incomes grew modestly, while new home sales hit their highest level in over a year — more encouraging signals for the budding economic recovery.  
From upstatetoday.com ()
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Filed under: Google (GOOG), Microsoft (MSFT), Wal-Mart (WMT), Target Corp. (TGT), Garmin Ltd (GRMN)The day before Thanksgiving is always an unusual one. We had a slew of economic data today and that all propelled shares higher than what the pre-market indications were.The largest figure today was that jobless claims finally broke under the 500K per week mark... Initial Jobless Claims came in at 466,000, under the 495,000 expected by Bloomberg...  
From bloggingstocks.com ()
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