Initial claims for unemployment insurance fell sharply last week to its lowest level since March 2020, the Labor Department reported yesterday.
Tag: Labor Department
Unemployment Claims Up 2nd Straight Week
Initial claims for unemployment insurance rose for the second straight week, the Labor Department reported yesterday, but their impact appears to have diminished amid stronger jobs reports and a growing U.S. economy.
Initial Claims Rise; Trend Stays Positive
Initial claims for unemployment insurance rose by more than 60,000 last week—a setback after the previous week’s sharp drop. But the Labor Department said the positive downward trend is likely to continue.
Initial Claims Under 700,000 First Time in Year
Initial claims for unemployment insurance fell by nearly 100,000 last week, dropping below 700,000 for the first time since the coronavirus pandemic staggered the U.S. economy last March, the Labor Department reported yesterday.
Initial Claims Rise; Trend Remains Positive
Initial claims for unemployment insurance rose last week, the Labor Department reported Thursday, but analysts said overall trends stayed positive as economic activity picked up steam.
Unemployment Claims Fall to Near Post-Pandemic Low
Initial claims for unemployment insurance fell by 42,000 to their lowest level since November, the Labor Department reported yesterday, nearly matching a post-pandemic low.
Unemployment Insurance Claims Rise, But Trend Lower
Initial claims for unemployment insurance rose for the sixth time in the past seven weeks, the Labor Department reported yesterday, but overall claims continued to trend lower with spring approaching.
Unemployment Claims Fall to 7-Week Low
Unemployment claims fell for the first time in five weeks, the Labor Department reported yesterday, to their lowest level this year, although they remain elevated compared to pre-pandemic levels.
Initial Claims, Continued Claims Remain Elevated
Initial claims for unemployment insurance jumped by nearly 13,000 last week, while the previous week’s claims revised up by 55,000–a pointed reminder of the uneven pace of the country’s economic recovery.
Unemployment Claims Show Little Progress
Initial claims for unemployment insurance fell last week, the Labor Department reported, but an upward revision to the previous week’s results negated any progress toward a normalizing economy.