Initial claims for unemployment benefit jumped to their highest level since August as continued fallout from the coronavirus pandemic and a stumbling economy kept workers on the sidelines.
Tag: Initial Claims
Little Movement in Weekly Unemployment Claims
With a slowing economy, Americans filing weekly initial unemployment claims has shown little movement over the past several months, according to Labor Department data.
Initial Claims Continue to Backslide
Initial claims for unemployment benefits jumped for the second consecutive week, raising concerns about the sustainability of the current economy and raising alarms with unemployment benefits set to expire.
Initial Claims Keep Moving in Wrong Direction
Initial claims for unemployment insurance rose for the third time in five weeks amid signs the economy is stalling, the Labor Department reported yesterday.
Jobless Claims Drop, Remain Elevated
Initial claims fell in the week ending Nov. 28, the Labor Department reported yesterday, but remain elevated in the wake of the coronavirus pandemic and resulting economic slowdown.
Initial Unemployment Claims Suffer Setback
Initial claims for unemployment insurance rose for the week ending Nov. 14, hamstrung by a dramatic jump in coronavirus cases and no sign of a new economic stimulus program before next year.
Initial Claims Drop, Remain Elevated
This week’s initial unemployment claims report from the Labor Department sounds an increasingly familiar theme: a slight drop from the previous week, tempered by the reality that claims remain highly elevated from pre-pandemic levels.
Weekly Initial Claims Remain Stubbornly High
Initial claims for unemployment insurance fell by just 7,000 for the week ending Oct. 31, the Labor Department reported yesterday.
Initial Claims Fall to Lowest Level Since March
Initial claims for unemployment insurance fell to their lowest level since March, the Labor Department reported yesterday, but remain elevated from pre-pandemic levels.
Jobless Claims ‘Back on Track,’ Remain Elevated
After several weeks of increased numbers, initial claims for unemployment insurance fell significantly last week, suggesting a bit of stabilization for an extremely volatile economic metric.