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The Labor Department reported that initial jobless claims remained unchanged last week, suggesting the labor market is healthy even as announcements picked up in March. Claims jumped in California as a result of a recent minimum wage hike, but were offset by a decline in claims in the other states. Claims have been in an extremely narrow range since the beginning of February between 210k and 213k. In fact, claims have printed exactly 212k in five of the past six weeks. First time claims in regular state programs recorded 212,000 for the week ending April 14th after the prior week’s report of 212,000. The four-week moving average remained unchanged at 214,500. Continuing claims, which include people who have received unemployment benefits for a week or more, increased 2,000 to 1.812 million for the week ending April 7th. The insured unemployment rate, the number of people currently receiving unemployment insurance as a percentage of the labor force, remained at 1.2%.
The Labor Department reported that initial jobless claims fell last week, even as announcements picked up in March. It has been expected that layoffs will increase as a consequence of a pullback due to inflation fatigued consumers. It is becoming evident that businesses are not laying off employees, but preserving margin through increases in productivity and reducing labor costs through shorter hours and part-time employment to mitigate slack. First time claims in regular state programs recorded 211,000 for the week ending April 7th after the prior week’s report of 222,000. The four-week moving average edged down to 214,250 from 214,500 the prior week. Continuing claims, which include people who have received unemployment benefits for a week or more, increased 28,000 to 1.817 million for the week ending March 30th. The insured unemployment rate, the number of people currently receiving unemployment insurance as a percentage of the labor force, remained at 1.2%.
The Labor Department reported that initial jobless claims rose to its highest level since January last week. Layoffs ticked up to round out the first quarter, though they are still below last year’s levels. We are seeing a moderation in hiring rather than a surge in firings at this point. First time claims in regular state programs recorded 221,000 for the week ending March 30th after the prior week’s report of 212,000. The four-week moving average climbed to 214,250 from 211,500 the prior week. Continuing claims, which include people who have received unemployment benefits for a week or more, declined 19,000 to 1.791 million for the week ending March 23rd. The insured unemployment rate, the number of people currently receiving unemployment insurance as a percentage of the labor force, remained at 1.2%.
The Labor Department reported that initial jobless claims held near historically low levels again last week, suggesting a broadly stable labor market even as companies continue to announce layoffs. As weeks go by, it is expected that more strain in labor market conditions is going to become more evident. First time claims in regular state programs recorded 210,000 for the week ending March 23rd after the prior week’s upwardly revised 212,000. The four-week moving average slipped to 211,000 from 211,750 the prior week. Continuing claims, which include people who have received unemployment benefits for a week or more, rose 24,000 to 1.819 million for the week ending March 16th. The insured unemployment rate, the number of people currently receiving unemployment insurance as a percentage of the labor force, remained at 1.2%.
The Labor Department reported that initial jobless claims edged lower last week from the previous week’s downwardly revised print. So far this year, jobless claims have been indicative of very low layoff rates, but announcements continue to pile up, foreshadowing future layoffs. First time claims in regular state programs recorded 209,000 for the week ending March 9th after the prior week’s downwardly revised 210,000. The four-week moving average fell to 208,000 from 208,500 the prior week. Continuing claims, which include people who have received unemployment benefits for a week or more, rose 17,000 to 1.811 million for the week ending March 2nd. The insured unemployment rate, the number of people currently receiving unemployment insurance as a percentage of the labor force, remained at 1.2%, with the previous month revised down to 1.2%. |
The Labor Department reported that initial jobless claims increased last week. The gains are likely to continue given recent layoff announcements. First time claims in regular state programs rose 13,000 to 215,000 from the prior week’s upwardly revised 202,000 for the week ending February 24th. The four-week moving average fell to 212,500 from 215,500 the prior week. Continuing claims, which include people who have received unemployment benefits for a week or more, rose 45,000 to 1.905 million for the week ending February 17th. The insured unemployment rate, the number of people currently receiving unemployment insurance as a percentage of the labor force, climbed back to 1.3% from 1.2% the prior week.
The Labor Department reported that initial jobless claims declined last week for the third straight week. The surprise drop comes after many high profile layoff announcements, adding to lingering doubts about how tight the labor market really is. First time claims in regular state programs fell 12,000 to 201,000 from the prior week’s upwardly revised 213,000 for the week ending February 17th. The four-week moving average fell to 215,250 from 218,750 the prior week. Continuing claims, which include people who have received unemployment benefits for a week or more, fell 27,000 to 1.862 million for the week ending February 10th. The insured unemployment rate, the number of people currently receiving unemployment insurance as a percentage of the labor force, fell back to 1.2% from 1.3% the prior week.
The Labor Department reported that initial jobless claims declined last week for the second straight week, suggesting employers are still largely holding on to their workers. First time claims in regular state programs fell 8,000 to 212,000 from the prior week’s upwardly revised 220,000 for the week ending February 10th. The four-week moving average climbed to 218,500 from 212,750 the prior week. Continuing claims, which include people who have received unemployment benefits for a week or more, rose 30,000 to 1.895 million for the week ending February 3rd. As a result, the insured unemployment rate, the number of people currently receiving unemployment insurance as a percentage of the labor force, when up to 1.3% from 1.2% prior. |
The Labor Department reported that initial jobless claims increased for a second straight week last week, to a two-month high. The layoffs are in line with employers announcing more than 80 thousand job cuts in January, the most in 10 months. First time claims in regular state programs increased 9,000 to 224,000 from the prior week’s upwardly revised 215,000 for the week ending January 27th. The four-week moving average climbed to 207,750 from 202,500 the prior week. Continuing claims, which include people who have received unemployment benefits for a week or more, climbed 70,000 to 1.898 million for the week ending January 20th. These numbers may be understated as there is a historically low share of unemployed Americans applying for benefits due to a lack of eligibility and the fact that the weekly payouts have not kept up with the pace of inflations, which may cause more people to seek part-time jobs rather than apply for benefits.
The Labor Department reported that initial jobless claims increased last week, although still low by historical standards. Abnormally cold weather likely contributed to the uptick in seasonally adjusted claims. First time claims in regular state programs increased 25,000 to 214,000 from the prior week’s upwardly revised 189,000 for the week ending January 20th. The four-week moving average dropped to 202,250 from 203,750 the prior week. Continuing claims, which include people who have received unemployment benefits for a week or more, climbed 27,000 to 1.833 million for the week ending January 13th. |