Weekly jobless claims rise less than expected, but hold above 800,000

Jobless claims rose less than expected last week as employers weighed a wintertime spike in Covid-19 cases against expected relief from a pending $900 billion stimulus package, the Labor Department reported Wednesday.The number of first-time unemployment-benefits filers decelerated to 803,000 in the week ended Dec. 19. Economists polled by Dow Jones expected initial claims to…Continue Reading

Jobless claims rise and rise…

WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose again last week to 885,000, the highest weekly total since September, as a resurgence of coronavirus cases threatens the economy’s recovery from its springtime collapse. The Labor Department said Thursday that the number of applications increased from 862,000 the previous week. It showed…Continue Reading

US jobless claims rise to 885,000 amid resurgence of virus

WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose again last week to 885,000, the highest weekly total since September, as a resurgence of coronavirus cases threatens the economy’s recovery from its springtime collapse. The Labor Department said Thursday that the number of applications increased from 862,000 the previous week. It showed…Continue Reading

Jobless claims rise more than expected after break from holiday

The pace of weekly jobless claims jumped last week after filings caught up with a decline due in part to the Thanksgiving holiday.First-time claims for unemployment insurance totaled 853,000, an increase from the upwardly revised 716,000 total a week before, the Labor Department reported Thursday. Economists surveyed by Dow Jones had been expecting 730,000.This was…Continue Reading

People wait in line to file for unemployment following amid an outbreak of the coronavirus at an Arkansas Workforce Center in Fort Smith, Ark., April 6, 2020.  (Nick Oxford/Reuters) The labor market’s recovery slowed this week as 884,000 Americans applied for unemployment benefits, a number higher than most experts had expected.  Economists surveyed by Dow…Continue Reading

U.S. Weekly Jobless Claims Stall at 884,000

U.S. weekly jobless claims held steady at 884,000 last week, slightly above Wall Street expectations. Economists had forecast initial claims to drop to around 850,000 from 881,000 originally reported last week. Last week’s figure was revised up by 3,000 to 884,000. Last week’s figures were the lowest since the pandemic drove unemployment claims to unprecedented…Continue Reading

Americans continue to seek jobless benefits as Congress wrangles and the economy sputters

Charisse Jones USA TODAYPublished 10:24 AM EDT Aug 13, 2020The number of Americans applying for unemployment dropped last week, slipping below 1 million for the first time since the economic shutdown sparked by the coronavirus pandemic began in the spring.The number of new applications for benefits, a rough gauge of layoffs, declined to 963,000, the Labor Department…Continue Reading