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Are Falling Jobless Claims a Sign June’s Hiring Flurry Wasn’t a Fluke?
Jobless claims – which serve as a proxy for layoffs — are once again trending near a seven-year low. Before the Great Recession, weekly applications for unemployment benefits averaged approximately...
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Labor Market Flashback: How Did Jobless Claims Drop to 2006 Levels?
(Photo by Alex Wong/Getty Images) How Is the Labor Market Strengthening? The Department of Labor’s June Employment Situation Report showed the headline unemployment rate had fallen to 6.1 percent — a...
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Yellen Has Labor Market Blues, But Full Employment Is as Close as 2016
Alex Wong/Getty Images What Does the Second-Quarter’s 4 Percent GDP Growth Mean for Jobs? In the second-quarter, the United States economy grew at an annual pace of 4 percent — a welcomed improvement...
View ArticleYour Cheat Sheet to This Week in the Economy: Jobs, GDP, and More
It was a crazy week for the U.S. economy, to put it lightly. More than a dozen major economic indicators were reported, and while the data were largely positive there were a few red flags. In a...
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U.S. Economy: Are Falling Jobless Claims Evidence of Future Strength?
Source: Mark Wilson/Getty Images Initial applications for unemployment benefits remain near pre-recession lows, and that fact signals to economists that the U.S. economy is primed to gain momentum in...
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Jobless Claims: Despite Increase, Labor Market Is ‘Having Lift-Off’
Source: Thinkstock Why Is Last Week’s Increase in Jobless Claims Not Concerning? The Department of Labor’s Thursday jobless claims report broke the downward trend in emerging unemployment, which over...
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Here’s Why August Job Growth Could Be Strong
Mark Ralston, AFP/Getty Images Yes, the United States is $93 billion short of a real economic recovery. That deficiency represents the difference between the annual wages of jobs lost during the Great...
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If the Jobs Recovery Is ‘Real,’ Why Are Economic Fears Lingering?
Source: Mark Ralston, AFP/ Getty Images The recovery from the 2008 financial crisis and subsequent recession has lasted five full years, but even amid news that the U.S. economy grew a...
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Here’s Where the Labor Market is Heading
Source: Mark Ralston/Getty Images “Steady as she goes in the job market,” reported Moody’s Analytics economist Mark Zandi Thursday morning. And there is plenty of data to support that assessment. Data...
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Labor Market Stumbles Through the Holidays as Jobless Claims Rise
Source: http://www.flickr.com/photos/bytemarks/ Initial claims for unemployment insurance increased about as much as expected for the week ended December 14. The Department of Labor reports that...
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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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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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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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Decreasing Jobless Claims: Good News or Just Not Bad News?
Source: Thinkstock Continuing a well-established trend, fewer Americans filed applications for unemployment benefits last week, according to the Thursday report compiled by the Department of Labor....
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