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The Fed Is Taper-Ready, But Where Are Jobless Numbers Headed?
Initial claims for unemployment benefits declined for the first time in three weeks, a sign that the growth reflected in October’s and November’s jobs report was not transitory. In recent weeks,...
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Are Unemployment Benefits Really Done For?
Despite calls from President Obama to extend unemployment benefits before the emergency federal program ended Saturday, there has yet to be any decisive action to delay what will affect upwards of 1.3...
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2013 Ends With Falling Jobless Claims and Benefits Expiration
On December 28, 1.3 million people lost their extended unemployment insurance because Congress decided not to renew the emergency aid program. Had a full-year extension of long-term jobless benefits...
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December Labor Gains: Broad-Based and 2013′s Best
U.S. employers added 238,000 new positions to payrolls last month, making December both the fifth month of solid job creation and the strongest month of employment gains in 2013, according to the...
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Planned Layoffs Hit 13-Year Low: Are Employers More Confident?
In December, planned layoffs in the United States fell to their lowest level since 2000. “Employers seem less and less inclined to make dramatic staffing decisions in the final month of the year,” said...
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Where Is the Labor Market Recovery Heading in 2014?
After a volatile December, initial applications for unemployment benefits dropped to the lowest level recorded since November. As the Department of Labor reported on Thursday morning, jobless claims...
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Job Gains Hit Three-Year Low: Anomaly or Alarming New Trend?
The U.S. economy added an average of 204,000 jobs from August through November, but it was not until October that the momentum in the labor market recovery noticeably changed. That month, the September...
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Do Jobless Claims Promise a Strong January?
Initial claims for unemployment benefits fell to the lowest level since November, reported the Department of Labor’s Bureau of Labor Statistics on Thursday. That news comes just a week after the BLS...
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Structural Unemployment and the Sacrifice of Human Professions
The Luddites weren’t crazy Since the beginning of the industrial age there has been concern over the hidden dangers of machines. Now, not everyone had a keen mental picture of the Terminator coming to...
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Emergency Unemployment Expiration Dominates Jobless Data
Source: http://www.flickr.com/photos/proimos/ If initial claims for unemployment benefits defined the whole labor market story, then the narrative of the jobs recovery would be easy to summarize:...
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Jobless Claims Jump, Economists Blame Weather
For weeks, initial applications for unemployment benefits have declined, with the number of Americans filing jobless claims falling to the lowest level in more than a month earlier in January. However,...
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Jobless Claims Are Dropping, But How Strong Is Hiring?
“When you look at the labor market, job destruction has been very, very low,” Raymond James chief economist Scott Brown told Bloomberg Businessweek ahead of Thursday’s jobless claims report. That is...
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Jobless Data Point One Direction: Labor Market Is Going Nowhere Fast
Thursday was not remarkable for its deluge of positive economic reports. January retail sales slid into negative territory, and initial claims for unemployment benefits once again ticked up. The two...
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Economist: Consumer Spending Has ‘Literally Frozen’
“Consumer spending has literally frozen,” UniCredit Research chief economist Harm Bandholz told the New York Times last week after government data showed retail sales fell more than expected last...
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Economist: Labor Market Will Gain Momentum This Year
Initial applications for unemployment benefits seem to have been slightly volatile since the beginning of the year. In each of the past seven weeks, jobless claims have reversed course with...
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As Yellen Said: Jobs Recovery Is Far From Complete
Ticking up 14,000 to 348,000, initial applications for unemployment benefits rose to a one-month high in the week ended February 22, according to data released by the Department of Labor’s Bureau of...
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ADP Employment Numbers: Different Month, Same Story
Source: Dave Lundy / Flickr December, January, and now February have seen levels of job creation far too low to dig the U.S. economy out of the crater in the labor market created by the financial...
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Jobless Claims Hit Three-Month Low, But February Job Growth Was Likely Weak
Source: Bytemarks / Flickr Juxtaposed against the dismal picture of February economic activity painted by several recent reports, data released by the Department of Labor’s Bureau of Labor Statistics...
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Job Churn Is Once Again Closing in on Pre-Recession Levels
Economic reports released over the last several days point to a similar reality: the cold weather has eased its chilling grip on the U.S. economy. Last week, the U.S. Department of Labor reported that...
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Senators Signal an Extension of Unemployment Benefits May Be Possible
Source: Bytemarks via Flickr President Barack Obama’s State of the Union address underlined his commitment to expanding the opportunities of the middle class and putting America’s jobless back to...
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