Category: Jobless

High Jobless Claims Aren’t Going Away in This ‘Record’ Stock Market
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High Jobless Claims Aren’t Going Away in This ‘Record’ Stock Market

Despite a soaring stock market, U.S. jobless claims remain shockingly persistent. Another 1.1 million Americans filed new unemployment claims in the most recently reported week. This trend signals that the stock market is becoming disconnected from economic reality, which should be a red flag for investors. The economy has finally reopened, and everything is getting…

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U.S. Weekly Jobless Claims Unexpectedly Fall to 1.19 Million, Lowest Level of Coronavirus Pandemic
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U.S. Weekly Jobless Claims Unexpectedly Fall to 1.19 Million, Lowest Level of Coronavirus Pandemic

New claims for unemployment benefits declined by 249,000 to 1.186 million last week, data from the Department of Labor showed Thursday. This is the 20th consecutive week of initial claims above 1 million but it was much better than expected. Economists had forecast 1.442 new claims, a slight increase from the previous week. The prior week…

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Weekly Jobless Claims Remain Stubbornly High at 1.48 Million
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Weekly Jobless Claims Remain Stubbornly High at 1.48 Million

Joyce N. Boghosian/The White House/Flickr Nearly one and a half million Americans lost their jobs last week. The Department of Labor said that 1.48 million filed claims for unemployment benefits last week, more than expected. Economists surveyed by Econoday had been expecting 1.38million claims. This was the 14th consecutive week with initial claims above one…

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Weekly Jobless Claims Sink Slightly to 1.51 Million, Higher Than Expected
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Weekly Jobless Claims Sink Slightly to 1.51 Million, Higher Than Expected

New claims for unemployment benefits fell to 1.508 million last week, data from the Department of Labor showed Thursday. This is the thirteenth consecutive week of initial claims above 1 million. Prior to March, initial claims had never risen as high as 700,000. Economists had forecast 1.2 million claims. Last week’s claims were initially reported…

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Jobless Claims Fall to 1.88 Million, Slightly More Than Expected
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Jobless Claims Fall to 1.88 Million, Slightly More Than Expected

New claims for unemployment benefits fell to 1.88 million last week, data from the Department of Labor showed Thursday. That brings new unemployment claims, a proxy for layoffs, since the coronavirus pandemic began to claim jobs ten weeks ago to nearly 42 million. Economists had been expecting around 1.79 million for weekly claims. The prior…

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Weekly Jobless Claims Fall to 2.1 Million
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Weekly Jobless Claims Fall to 2.1 Million

New claims for unemployment benefits fell to 2.123 million last week, data from the Department of Labor showed Thursday. That brings new unemployment claims, a proxy for layoffs, since the coronavirus pandemic began to claim jobs ten weeks ago to nearly 40 million. Economists had been expecting around 2.1 million for weekly claims. The prior…

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Jobless Claims Hit 3.169 Million
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Jobless Claims Hit 3.169 Million

New claims for unemployment benefits fell to 3.169 million last week, data from the Department of Labor showed Thursday. That brings new unemployment claims, a proxy for layoffs, since the coronavirus pandemic began to claim jobs to around 33.5 million. Claims hit a record 6.87 million for the week of March 28. Each subsequent week…

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Jobless Claims Fall to 3.84 Million
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Jobless Claims Fall to 3.84 Million

New claims for unemployment benefits fell to 3.84 million in the week ended April 25, data from the Department of Labor showed Thursday. That brings new unemployment claims, a proxy for layoffs, over the past six weeks to around 30 million. Continuing claims, those filed after the initial week of benefits, rose to just under…

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U.S. Weekly Jobless Claims: 4.4 Million
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U.S. Weekly Jobless Claims: 4.4 Million

The coronavirus continued to ravish the U.S. economy last week, with 4.4 million of American filing first-time unemployment claims, the Labor Department reported Thursday. Economists had forecast 4.25 million new claims for this week. The previous week’s claims figure was revised down 2,000 to 5,506,500. Continuing claims, those made after an initial week of benefits, rose to…

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Jobless Claims Hit 5.245 Million
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Jobless Claims Hit 5.245 Million

The ranks of the unemployed swelled by millions last week. New applications for unemployment hit 5.245 million in the week ended April 11, Labor Department data showed Thursday. Economists had forecast around 5 million claims. Last week’s initially reported total of 6.606 million was revised up slightly to 6.615 million. For the March 28 week, 6.9…

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