Green Energy
While much of America is distracted by the debt debate. . .
CNBC:
Unemployment Benefits Rise as Job Growth Falters
New U.S. claims for unemployment benefits rose more than expected last week, a government report showed on Thursday, pointing to a labor market that is struggling to regain momentum after job growth faltered in the last two months.
Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 418,000, the Labor Department said.
Economists polled by Reuters had forecast claims rising to 410,000. The prior weeks figure was revised up to 408,000 from the previously reported 405,000.
The claims data covered the survey period for the closely watched nonfarm payrolls count for July. Initial claims dropped 11,000 between the June and July survey periods, suggesting a modest improvement in payrolls after Junes paltry 18,000 gain.
A rise in layoffs held back payroll growth in May, according to the departments latest Job Openings and Labor Turnover Survey, which was released last week. Layoffs were probably be hind the downshift in employment growth in June as well.
A government shutdown in Minnesota following a budget impasse resulted in an additional 1,750 state employees filing claims for jobless benefits last week.
Initial claims have now been above the 400,000 mark for 15 straight weeks. That level is usually associated with a stable labor market.
The four-week moving average of claims, considered a better measure of labor market trends, slipped 2,750 to 421,250.
The number of people still receiving benefits under regular state programs after an initial week of aid dropped 50,000 to 3.70 million in the week ended July 9.
The number of Americans on emergency unemployment benefits declined 80,133 to 3.15 million in the week ended July 2, the latest week for which data is available.
A total of 7.33 million people were claiming unemployment benefits during that period under all programs, down 159,000 from the prior week.
- This Week's Numbers Game
U.S. Department Of Labor: UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT SEASONALLY ADJUSTED DATA In the week ending November 5, the advance figure for seasonally adjusted initial claims was 390,000, a decrease of 10,000 from the previous week's...
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enuf about The Raid to End All Raids back to Earth Wreckovery Reuters: Jobless claims hit 8-month high By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing for jobless aid rose to an eight-month high last week and productivity growth...
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CNBC: Jobless Claims Unexpectedly Rise; Inflation Pressure Grows claims for unemployment benefits unexpectedly rose last week, bouncing back above the key 400,000 level, while core producer prices clumbed faster than expected in March, government reports...
- Wreckovery!
Bloomberg: Initial U.S. Jobless Claims Rose More Than Forecast to 445,000 Last WeekBy Courtney Schlisserman - Jan 13, 2011 10:06 AM ET The number of first-time claims for unemployment insurance payments jumped in the first week of 2011 to the highest...
- New U.c. Claims Highest In 6 Months
Yahoo: New claims for unemployment aid reach 484K New applications for jobless benefits rise to highest since February as layoffs continue WASHINGTON (AP) -- The employment picture is looking bleaker as applications for jobless benefits rose last week...
Green Energy
Wreckovery: 418,000 new unemployment claims last week
While much of America is distracted by the debt debate. . .
CNBC:
Unemployment Benefits Rise as Job Growth Falters
New U.S. claims for unemployment benefits rose more than expected last week, a government report showed on Thursday, pointing to a labor market that is struggling to regain momentum after job growth faltered in the last two months.
Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 418,000, the Labor Department said.
Economists polled by Reuters had forecast claims rising to 410,000. The prior weeks figure was revised up to 408,000 from the previously reported 405,000.
The claims data covered the survey period for the closely watched nonfarm payrolls count for July. Initial claims dropped 11,000 between the June and July survey periods, suggesting a modest improvement in payrolls after Junes paltry 18,000 gain.
A rise in layoffs held back payroll growth in May, according to the departments latest Job Openings and Labor Turnover Survey, which was released last week. Layoffs were probably be hind the downshift in employment growth in June as well.
A government shutdown in Minnesota following a budget impasse resulted in an additional 1,750 state employees filing claims for jobless benefits last week.
Initial claims have now been above the 400,000 mark for 15 straight weeks. That level is usually associated with a stable labor market.
The four-week moving average of claims, considered a better measure of labor market trends, slipped 2,750 to 421,250.
The number of people still receiving benefits under regular state programs after an initial week of aid dropped 50,000 to 3.70 million in the week ended July 9.
The number of Americans on emergency unemployment benefits declined 80,133 to 3.15 million in the week ended July 2, the latest week for which data is available.
A total of 7.33 million people were claiming unemployment benefits during that period under all programs, down 159,000 from the prior week.
- This Week's Numbers Game
U.S. Department Of Labor: UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT SEASONALLY ADJUSTED DATA In the week ending November 5, the advance figure for seasonally adjusted initial claims was 390,000, a decrease of 10,000 from the previous week's...
- Jobless Claims Hit 8 Month High Due To Tornadoes Or Something
enuf about The Raid to End All Raids back to Earth Wreckovery Reuters: Jobless claims hit 8-month high By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing for jobless aid rose to an eight-month high last week and productivity growth...
-
CNBC: Jobless Claims Unexpectedly Rise; Inflation Pressure Grows claims for unemployment benefits unexpectedly rose last week, bouncing back above the key 400,000 level, while core producer prices clumbed faster than expected in March, government reports...
- Wreckovery!
Bloomberg: Initial U.S. Jobless Claims Rose More Than Forecast to 445,000 Last WeekBy Courtney Schlisserman - Jan 13, 2011 10:06 AM ET The number of first-time claims for unemployment insurance payments jumped in the first week of 2011 to the highest...
- New U.c. Claims Highest In 6 Months
Yahoo: New claims for unemployment aid reach 484K New applications for jobless benefits rise to highest since February as layoffs continue WASHINGTON (AP) -- The employment picture is looking bleaker as applications for jobless benefits rose last week...