News

Weekly Jobless Claims

Reuters | Equities.com |

The number of Americans filing new claims for jobless benefits fell last week to the lowest level in nearly 18 months, offering more evidence that job growth was being hindered by labor shortages rather than cooling demand for workers.

Initial claims for state unemployment benefits dropped 35,000 to a seasonally adjusted 310,000 for the week ended Sept. 4, the Labor Department said on Thursday.


AP News | Equities.com |

Millions of jobless Americans who have depended on federal unemployment aid as a financial lifeline are about to lose those benefits just as the delta variant of the coronavirus poses a renewed threat to the economy and the job market.

Two programs — one that provides jobless aid to self-employed and gig workers, the other to people who’ve been unemployed for more than six months — will expire Monday. As a result, 8.9 million people will lose those weekly benefit payments, according to an estimate by Oxford Economics.


AP News | Equities.com |

The number of people seeking unemployment benefits fell last week for a fourth straight time to a pandemic low, the latest sign that America’s job market is rebounding from the pandemic recession as employers boost hiring to meet a surge in consumer demand.

The Labor Department reported Thursday that jobless claims fell by 29,000 to 348,000. The four-week average of claims, which smooths out week-to-week volatility, also fell — by 19,000, to just below 378,000, also a pandemic low.


AP News | Equities.com |

The number of Americans seeking unemployment benefits fell for a third straight time last week, the latest sign that employers are laying off fewer people as they struggle to fill a record number of open jobs and meet a surge in consumer demand.

Thursday’s report from the Labor Department showed that jobless claims fell to 375,000 from 387,000 the previous week. The number of applications has fallen steadily since topping 900,000 in early January as the economy has increasingly reopened in the aftermath of the pandemic recession.


Reuters | Equities.com |

The number of Americans filing new claims for unemployment benefits declined further last week, while layoffs dropped to their lowest level in just over 21 years in July as companies held on to workers amid a labor shortage.

The weekly unemployment claims report from the Labor Department on Thursday, the most timely data on the economy's health, also showed the number of people on state jobless rolls dropped in late July to its lowest level since March 2020, when mandatory closures of nonessential businesses were enforced to slow the first wave of COVID-19 cases.


AP News | Equities.com |

The number of Americans collecting unemployment benefits slid last week, another sign that the job market continues to recover rapidly from the coronavirus recession.

Jobless claims dropped by 24,000 to 400,000 last week, the Labor Department reported Thursday.


AP News | Equities.com |

The number of Americans seeking unemployment benefits rose last week from the lowest point of the pandemic, even as the job market appears to be rebounding on the strength of a reopened economy.

The Labor Department said Thursday that jobless claims increased last week to 419,000, the most in two months, from 368,000 the previous week. The number of first-time applications, which generally tracks layoffs, has fallen steadily since topping 900,000 in early January.


AP News | Equities.com |

The number of Americans applying for unemployment benefits has reached its lowest level since the pandemic struck last year, further evidence that the U.S. economy and job market are quickly rebounding from the pandemic recession.

Thursday’s report from the Labor Department showed that jobless claims fell by 26,000 last week to 360,000. The weekly tally, a proxy for layoffs, has fallen more or less steadily since topping 900,000 in early January.


Kimberly Redmond | Equities.com |

The number of Americans filing for initial job loss claims fell below 400,000 for the first time since the onset of the COVID-19 pandemic in March 2020.

On Thursday, the US Labor Department reported that the number of first-time claims dropped to 385,000 for the week ending May 29, down 20,000 from the prior week.


AP News | Equities.com |

Far more Americans are receiving unemployment benefits than the last time the jobless rate was at the current 6.1%, thanks to a major expansion of the federal safety net that has provided aid to millions of people out of work.

Yet many businesses and Republican officials say all that jobless aid has contributed to worker shortages in some industries, which is why most GOP-led states are moving to cut off the federal support.