New claims for unemployment insurance jumped unexpectedly last week. According to the U.S. Department of Labor, jobless claims rose by 22,000 to a seasonally-adjusted 496,000 for the week ending Feb 20. According to the Associated Press, Wall Street analysts expected claims to drop to 455,000. The four-week average, which is considered to be a more accurate [...]
Continue reading...Thursday, January 21, 2010
Today’s news from the Labor Department is bad, but may not be as bad as it first appears. Initial claims for unemployment rose by 36,000 last week, well above the anticipated 4,000. Worse than that is the four week average, which ended its 20 week streak declines with an increase of 7,000. [...]
Continue reading...Monday, January 18, 2010
According to a report released Friday by Georgia’s Department of Labor, 100,000 laid off workers in the state filed initial claims for unemployment benefits in December. This was an increase of almost 40% over November’s initial claims. Initial claims came most heavily from the manufacturing, trade, construction and administrative and support service sectors. The labor department [...]
Continue reading...Thursday, January 7, 2010
The number of new claims for unemployment edged up slightly last week to 434,000. Analysts had predicted a much larger jump, to 447,000. The one week rise followed two straight weeks of declines, and the four week average, considered to be a more reliable indicator of trends in the job market, continued it’s [...]
Continue reading...Friday, November 6, 2009
The national unemployment rate moved up another .4 percent in October to a 25 year high of 10.2 percent. Employers cut more jobs than forecast, nudging the number up further than had been expected. Construction and manufacturing jobs continue to show the largest declines. The news isn’t all grim, however. The rate of [...]
Continue reading...
Thursday, February 25, 2010
0 Comments