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unemployment benefits

New US jobless claims slow slightly in latest week
World

New US jobless claims slow slightly in latest week

  • Beyond weekly ups and downs, the trend in total filings should remain downward over coming weeks
  • Overall, job growth should pick up and labor shortages should ease as near-term constraints -- virus concerns, child-care issues and enhanced unemployment benefits -- diminish
Published 29 Jul, 2021 06:29pm
US weekly jobless claims fall as expected
World

US weekly jobless claims fall as expected

  • Initial claims for state unemployment benefits fell 26,000 to a seasonally adjusted 360,000 for the week ended July 10, the Labor Department said.
  • Claims have declined from a record 6.149 million in early April 2020.
Published 15 Jul, 2021 05:52pm
US weekly jobless claims fall; first quarter GDP unrevised at 6.4pc
World

US weekly jobless claims fall; first quarter GDP unrevised at 6.4pc

  • Imprecise seasonal factors around Memorial Day holiday weekend likely contributed to the uptick in initial claims, so the rise should prove temporary.
  • Four states, including Iowa and Alaska, either terminated all federal government-funded benefits or just the $300 supplement on June 12.
Published 24 Jun, 2021 05:44pm
US weekly jobless claims fall; consumer prices rise more than expected
World

US weekly jobless claims fall; consumer prices rise more than expected

  • Initial claims for state unemployment benefits totaled a seasonally adjusted 376,000 for the week ended June 5, compared to 385,000 in the prior week.
  • In the 12 months through May, the CPI accelerated 5.0%. That was the biggest year-on-year increase since August 2008, and followed a 4.2% rise in April.
Published 10 Jun, 2021 06:52pm
US yields rise after report on Biden's $6 trillion budget
Markets

US yields rise after report on Biden's $6 trillion budget

  • Thursday's data on US jobless claims and first-quarter gross domestic product growth also helped extend Treasury yields. Both reports showed the US economy was on a stable path to recovery from the pandemic.
  • Investors are also awaiting the Treasury's sale of $62 billion in 7-year debt later on Thursday, after strong 2-year and 5-year note auctions on Tuesday and Wednesday.
Published 27 May, 2021 06:36pm
US weekly jobless claims unexpectedly rise
World

US weekly jobless claims unexpectedly rise

  • Initial claims for state unemployment benefits totaled a seasonally adjusted 744,000 for the week ended April 3 compared to 728,000 in the prior week, the Labor Department said on Thursday.
  • The labor market has regained its footing after stumbling in December, thanks to the White House's massive $1.9 trillion pandemic rescue package and an acceleration in the pace of vaccinations against COVID-19, which are allowing more services businesses to resume operations.
Published 08 Apr, 2021 06:21pm
US job growth accelerates in March; unemployment rate falls to 6.0pc
World

US job growth accelerates in March; unemployment rate falls to 6.0pc

  • Nonfarm payrolls surged by 916,000 jobs last month, the Labor Department said on Friday. That was be the biggest gain since last August. Data for February was revised higher to show 468,000 jobs created instead of the previously reported 379,000.
  • Nearly 1.7 million jobs were lost that month, and another 20.7 million would vanish in April.
Published 02 Apr, 2021 06:03pm
US weekly jobless claims fall more than expected
World

US weekly jobless claims fall more than expected

  • Initial claims for state unemployment benefits totaled a seasonally adjusted 712,000 for the week ended March 6, compared to 754,000 in the prior week, the Labor Department said on Thursday.
  • That, together with nearly $900 billion in additional pandemic relief money advanced by the government in late December, fired up consumer spending and hiring in February after declining in December.
Published 11 Mar, 2021 07:19pm