The U.S. Labor Department reports initial jobless claims fell by 6,000 last week to a seasonally-adjusted 462,000. However, the four-week average, which is considered a better indicator, increased to 475,500 last week from 470,500 the previous week. According to the Associated Press, the four-week average continues to concern economists. It has risen by about 25,000 this [...]
Continue reading...Thursday, January 21, 2010
Against economist’s predictions, U.S. jobless claims have risen in the past week. Initial jobless claims rose by 36,000 to 482,000 in the week ending January 16.This is the highest level in two months, up from 446,000 in the prior week, according to Labor Department figures revealed today. The jump in unemployment claims is due to [...]
Continue reading...Thursday, January 14, 2010
While week-over-week jobless claims were higher than expected for the week ending Jan. 9, the four-week moving average of initial claims fell to 440,750, the lowest level since August 2008. The latest unemployment figures were released by the Department of Labor Thursday. The 444,000 initial claims filed this past week was an increase of 11,000 from [...]
Continue reading...Wednesday, November 25, 2009
New claims for unemployment insurance fell last week to 466,000, the lowest mark since September of 2008. Even as new claims start to slow down, the unemployment rate continues to nudge upwards. Many economists continue to believe that unemployment won’t turn around until the middle of next year. There were other encouraging signs of [...]
Continue reading...Sunday, May 24, 2009
The number of Americans currently receiving unemployment benefits rose to 6.6 million in April, the highest rate since record-keeping began in 1967. New jobless claims fell to 631,000 last week, down from 643,000 the previous week. Economists expect Big Three automakers Chrysler and GM to shut down plants this summer. These losses, and associates losses for auto [...]
Continue reading...Saturday, March 28, 2009
Kansas lost 16,000 jobs since last February, a 1.2% decrease, according to a report from the Kansas Department of Labor. The state’s unemployment rate is 6.2%, up from 4% last year. The Wichita Metropolitan Statistical Area reported an unemployment rate of 6%, up from 3.7%. There were 23,980 initial claims for unemployment benefits in February, down from 26,744 [...]
Continue reading...Wednesday, January 7, 2009
North Carolina’s Internet site for unemployment benefits crashed twice this week under a rush of claims. The number of people trying to sign up online for new or continuing benefits was as much as three times pre-recession levels on Sunday and Monday, the state Employment Security Commission reported. That volume, together with a phone line problem, [...]
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Thursday, March 11, 2010
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