Unemployment claims registered a fall for the most recent week, but still remained higher than expected, according to data from the U.S. Department of Labor (DoL). “In the week ended July 23, the advance figure for seasonally adjusted initial claims was 256,000, a decrease of 5,000 from the previous week’s revised level,” a July 28…

Despite a strong employment scene, U.S. jobless claims rose to their highest levels in nearly five months around Memorial Day, with 27,000 claims submitted, according to a report from the Labor Department released on June 9. Claims for the week ending June 4 totaled 229,000—the highest since mid-January, well ahead of the 210,000 Dow Jones…

Americans have seen their wages increase as pandemic restrictions have eased over the past year, which have continued into April but not kept up with the rising rate of inflation, according to the latest employment data from the Bureau of Labor Statistics released on May 6. Employee salaries have been on the rise for the…

Americans have seen their wages increase as pandemic restrictions have eased over the past year, which have continued into April but not kept up with the rising rate of inflation, according to the latest employment data from the Bureau of Labor Statistics released on May 6. Employee salaries have been on the rise for the…

The number of Americans filing for unemployment benefits declined by 214,000 last week, reported the Labor Department on March 17, a sign that the demand for workers remains elevated amid an ongoing labor shortage. Meanwhile, the February jobs report exceeded past expectations with 678,000 additional hires. The figures for the week ending March 12 fell…

First-time claims for unemployment benefits in the United States were up higher than expected in the week ending March 5, according to the jobless claims report (pdf) released March 10 by the U.S. Department of Labor. The latest weekly data shows the impact of the Omicron variant, which hit the United States earlier this winter, briefly…

A Labor Department report on Feb. 3, showed that the number of Americans filing new weekly jobless claims fell 23,000 to 238,000, more than expected last week, as the Omicron variant subsided, a second straight weekly decline. Economists polled by Reuters had earlier forecast 245,000 jobless benefit applications. Jobless applications fell sharply in Ohio, Kentucky, and…

The number of Americans applying for unemployment benefits for the week of Jan. 22 declined on a weekly basis for the first time in 2022, according to the Labor Department on Jan. 27. Jobless claims dropped to 260,000, following three weeks of increases amid a surge in Omicron cases. This was 30,000 fewer from the…

Americans filing for unemployment benefits increased in the week ending Jan. 1, running contradictory to analyst expectations, and may be a precursor to the coming weeks where more workers are expected to get laid off with one of the main reasons being Omicron-related business continuity issues. “[T]he advance figure for seasonally adjusted initial claims was…

Stocks on the S&P 500 and the Dow closed down on Dec, 30, after giving up its early gains late in the trading session breaking what could have been its longest streak of gains since March. The market initially rallied after weekly jobless claims fell more than expected, calming fears of the Omicron variant’s effect…