Archive for unemployment claims

Quickie- U.S. jobless claims drop to 5-1/2 year low

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This ignoring of good news with the economy seems to now be a feature, not a bug, of our country's journalism, Bet Nightly News with be jobless claim free tonight.

(Reuters)The number of Americans filing new claims for unemployment benefits fell unexpectedly last week, touching a 5-1/2 year low, suggesting a steadily improving labor market.

Initial claims for state unemployment benefits dropped 19,000 to a seasonally adjusted 326,000, the lowest level since January 2008, the Labor Department said on Thursday.

Economists polled by Reuters had expected first-time applications to rise to 345,000 last week.

While claims are extremely volatile in July because of summer auto plant shutdowns, the general tone of the report remained consistent with a pick-up in job gains.

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U.S. Job Cuts Fall 4.5% in May from April, Weekly Jobless Claims Fall More Than Expected

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boehner where are jobs via wlwt

Fox Biz sent me a couple of email alerts:

New claims for unemployment benefits fell to 346,000 last week from an upwardly-revised 357,000 the week prior. Claims were expected to fall to 345,000 from an initially-reported 354,000.

Employers announced plans to lay off 36,398 workers in May, which represents a 4.5% decline from April, and a 41% drop from the year prior, according to outplacement firm Challenger, Gray & Christmas.

House GOP: Yeah whatever. Now about those abortions...

#BlameObama

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Jobless claims unexpectedly fall 7,000, declining for second straight week

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quickie 20

Today's Quickie:

Via an email alert from FoxBusiness.com:

The Labor Department reports weekly jobless claims fell 7,000 to 340,000, declining for a second straight week. Economists expected claims to rise to 355,000. Continuing claims rose to 3.094 million from 3.091 million the week prior.

Blame Obama.

That was today's Quickie. Was it good for you?

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Weekly job claims slide, "signs that things are getting better." #BlameObama

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drive the gop crazy

Republican heads will be exploding in 3... 2... 1...

Via CNBC:

The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to a continued steady improvement in labor market conditions.

Initial claims for state unemployment benefits dropped 27,000 to a seasonally adjusted 341,000, the Labor Department said on Thursday. The prior week's claims figure was revised to show 2,000 more applications received than previously reported.

Economists polled by Reuters had expected claims to fall to 360,000.

"This is consistent with the good news coming out of the employment market, signs that things are getting better," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.

bikini graph Feb 2013 private sector

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Weekly jobless claims fall to lowest level since October 6th

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Via a Fox Biz email alert:

New claims for unemployment benefits fell to 343,000 last week, the lowest level since the week of October 6, from an upwardly revised 372,000 the week prior. Claims were expected to remain unchanged from an initially reported 370,000.

Blame Obama.

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Fewer Americans Than Forecast File Unemployment Claims

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Just need to keep it going in this direction.

Fewer Americans than forecast filed first-time claims for unemployment insurance payments last week, easing concern that the labor market was deteriorating.

Applications for jobless benefits decreased by 14,000 in the week ended June 30 to 374,000, the fewest since mid May, Labor Department figures showed today. Economists forecast 385,000 claims, according to the median estimate in a Bloomberg News survey. A Labor Department spokesman said there was nothing unusual in the data.
Enlarge image Fewer Americans Than Forecast Filed Jobless Claims Last Week

Fewer firings help pave the way for faster job creation when companies grow more confident about the economic outlook. A report tomorrow may show the world’s largest economy added 90,000 jobs in June, capping a second quarter where employment growth slowed to half the pace of the prior three months.

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US jobless claims fall to lowest level in 4 years

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I dropped by Fox this morning when I was waking up and the Talking Heads over there were frantically trying to spin this into bad news. It's so fulfilling to watch.

WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits dropped last week to the lowest level in four years, adding to evidence that the job market is strengthening.

Article Gallery: US jobless claims fall to lowest level in 4 years The Labor Department said Thursday that weekly unemployment benefit applications fell by 5,000 to a seasonally adjusted 359,000. That's the smallest number of applicants since April 2008. The four-week average, a less volatile measure, declined to 365,000, the lowest since May 2008.

The department also made its annual revisions to the past five years of unemployment benefit data. The revisions increased the number of unemployment benefit applicants in recent months. But the downward trend remains intact, though it is less dramatic.

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