jobless claims

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Jobless Claims Hit 9-Month High

Reach 500K mark as employers again cut back

(Newser) - New applications for unemployment insurance reached the half-million mark last week for the first time since November, a sign that employers are likely cutting jobs again as the economy slows. The Labor Department said today that initial claims for jobless benefits rose by 12,000 last week to 500,000,...

US Sheds Jobs for First Time This Year
 US Sheds Jobs for 
 First Time This Year 
rate is 9.5%
Jul 2, 2010 7:55 AM CDT

US Sheds Jobs for First Time This Year

It's the first monthly decline in 2010

(Newser) - Today's unemployment numbers from June delivered generally bleak news and suggest that the economic recovery is slowing, reports the Wall Street Journal . The unemployment rate actually dipped from 9.7% to 9.5%, but the US economy lost jobs (125,000, mostly because census workers' temporary positions were cut) for...

Senate GOP Blocks Extension of Jobless Benefits

Democrats falls 3 votes short

(Newser) - Senate Republicans defeated Democrats' election-year jobs bill, including an extension of weekly unemployment benefits for more than a million people out of work more than 6 months. The 57-41 vote fell three votes short of the 60 required to crack a GOP filibuster, delivering a major blow to President Obama...

Private Hiring Weaker Than Expected

 Private Hiring 
 Weaker Than 
 Expected 
unemployment at 9.7%
Jun 4, 2010 8:04 AM CDT

Private Hiring Weaker Than Expected

Temporary census jobs account for nearly all the growth

(Newser) - The nation's payroll grew by 431,000 last month—almost all because of a burst of temporary census hiring by the government. Private payrolls grew at the slowest pace since the start of the year—economists had expected more than 500,000 total new jobs. The unemployment rate dipped to...

Unemployment Holds at 9.7%
 Unemployment Holds at 9.7% 
Mar 5, 2010 8:18 AM CST

Unemployment Holds at 9.7%

Employers shed 36,000 jobs, fewer than expected

(Newser) - The unemployment rate held at 9.7% in February as employers shed fewer jobs than expected. The Labor Department said employers cut 36,000 jobs, below analysts' estimates of 50,000. They had predicted the jobless rate would rise to 9.8%. The severe snowstorms that hammered the East Coast...

Jobless Will Stay That Way—for Years

Recovery robust enough to pull 15M off unemployment rolls unlikely

(Newser) - "Jobless recovery" is no mere catchphrase to the millions of Americans that the middle class has shed from its ranks. Many have been out of work for so long that they've exhausted unemployment benefits as the systems strains under what one expert says is "the reality of long-term...

Unemployment Falls to 9.7%
 Unemployment Falls to 9.7% 
Feb 5, 2010 7:40 AM CST

Unemployment Falls to 9.7%

It's the first time it's been under 10% in 4 months

(Newser) - The nation's unemployment rate fell unexpectedly to 9.7% in January, the Labor Department said today. The drop from 10% comes even as US employers cut another 20,000 jobs. The rate dropped because a survey of households found the number of employed Americans rose by 541,000. Overall, however,...

Unemployment Stays at 10%
 Unemployment Stays at 10% 
Jan 8, 2010 7:42 AM CST

Unemployment Stays at 10%

Employers cut 85,000 jobs in December, more than expected

(Newser) - The economy lost more jobs in December and the unemployment rate was unchanged, signs that a sluggish economic recovery has yet to revive hiring. The Labor Department says employers cut 85,000 jobs last month, worse than the 8,000 drop analysts expected. A sharp drop in the labor force,...

Indexes Hit 2009 Highs; Dow Closes Up 54
 Indexes Hit 2009 Highs; 
 Dow Closes Up 54 
MARKETS
Dec 24, 2009 12:20 PM CST

Indexes Hit 2009 Highs; Dow Closes Up 54

Jobless numbers, metals sector spark wide rally

(Newser) - The major stock exchanges hit highs for the year today as traders reacted positively to news that new jobless claims grew less than projected. Health care was the only sector showing broad losses, a reaction to the Senate's passage of the health care bill, the Wall Street Journal reports.
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Unemployment Now Lasts Longer Than Benefits

(Newser) - A rough milestone on the jobless front: The average length of time it takes to find a job—26.2 weeks—now exceeds the standard length of unemployment benefits—26 weeks. That's first time it's happened since the Labor Department began keeping stats 60 years ago, reports Bloomberg. The bit...

Unemployment Hits 9.8%
 Unemployment Hits 9.8% 
Oct 2, 2009 7:51 AM CDT

Unemployment Hits 9.8%

Employers cut 263,000 jobs, more than expected

(Newser) - More evidence that jobs are bringing up the rear in the economic turnaround: Employers shed 263,000 jobs in September, more than August and far more than expected, raising the unemployment rate to 9.8%. Most of the job losses came in fields such as retail, construction, and manufacturing, notes...

Job Losses Slow, Unemployment Dips to 9.4%

(Newser) - Job losses slowed more than expected last month, and unemployment fell from 9.5% to 9.4% in its first dip since April 2008, the Labor Department announced today, marking another strong positive sign for the economy. Payrolls fell by 247,000, a big improvement over the 443,000 lost...

Welfare Rolls Soar Along With Unemployment

Many make shift as jobless benefits run out

(Newser) - Welfare rolls are on the rise nationwide for the first time since President Clinton signed a bill overhauling the system in 1996, the Wall Street Journal reports. Welfare recipients’ ranks fell in some areas at the beginning of the recession, but now 23 of the 30 biggest US states are...

Jobless Rate Hits 9.4%, But Layoffs Ease

(Newser) - The unemployment rate jumped to 9.4% in May, the highest in more than 25 years. But the furious pace of layoffs eased, with employers cutting 345,000 jobs, the fewest since September. If laid off workers who have given up looking for new jobs or have settled for part-time...

Stocks Up on Positive Job Data
 Stocks Up on Positive Job Data 
MARKET Open
Jun 4, 2009 8:49 AM CDT

Stocks Up on Positive Job Data

(Newser) - Stocks inched higher this morning as investors chewed on retailer and jobs data. The Dow added 17 points while the Nasdaq and S&P rose 9.03 and 3.17 points respectively. Jobless claims took a rare step in the right direction last week, with ongoing claims dropping for the...

Stocks Up on Jobs, Durables
 Stocks Up on Jobs, Durables 
MARKET open
May 28, 2009 8:45 AM CDT

Stocks Up on Jobs, Durables

(Newser) - Stocks headed higher at the open today, after a pair of promising economic reports. The Dow added 75 points, while the Nasdaq and S&P rose 1.1% and 1% respectively. Durable goods orders rose 1.9% last month, and new jobless claims fell 13,000 last week; both numbers...

Stocks Flat as Jobless Ranks Grow
 Stocks Flat as 
 Jobless Ranks Grow 
Market Open
May 14, 2009 8:53 AM CDT

Stocks Flat as Jobless Ranks Grow

(Newser) - Stocks crept slightly higher today, with the Dow up 22 points and the Nasdaq and S&P up 10.42 and 2.48 respectively. Wal-Mart gained 1% on an earnings report precisely in line with expectations, and Kohl’s better-than-expected number sent it up 2%. But any optimism was offset...

Top CEOs Expect to Cut More Jobs

(Newser) - The unemployment rate now stands at a 25-year high of 8.5%, but the nation's CEOs say it's only going to get worse. Nearly three-quarters of the leaders of the nation's biggest companies expect to lay off more workers in the next 6 months, USA Today reports. That percentage—71%—...

Stocks Head Higher on Job Data
 Stocks Head Higher on Job Data 
MARKET Open
Mar 19, 2009 8:40 AM CDT

Stocks Head Higher on Job Data

(Newser) - Stocks headed slightly higher at the open, as commodities rallied and investors cheered better-than-expected jobless claims numbers. The Dow rose 31 points, and the S&P and Nasdaq were up 0.9% and 0.8% respectively. Initial jobless claims fell 12,000 last week, though the four-week moving average rose...

New Jobless Claims Fall More Than Expected

But continuing claims at record high for 8th straight week

(Newser) - New jobless claims fell more than expected last week, but continuing claims set a new record for the eighth straight week and few economists expect the labor market to improve anytime soon. The Labor Department says the tally of initial requests for unemployment insurance dropped to a seasonally-adjusted 646,000...

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