The Labor Department announced on Sept. 9 that the number of American workers who filed for unemployment last week hit a fresh pandemic-era low, with the labor market recovery signal giving an immediate boost to risk assets like stocks and cryptocurrencies. First-time filings for unemployment insurance—a proxy for layoffs—came in at 310,000 for the week…
Wall Street Powers Higher as Jobless Claims Fall to New Pandemic-Era Low
Jobless Claims Fall to New Pandemic-Era Low, Market Reaction Mixed
The Labor Department announced on Sept. 9 that the number of American workers who filed for unemployment last week hit a fresh pandemic-era low, giving an immediate upward jolt to risk assets like stocks and cryptocurrencies, followed by pullbacks as investors mulled mixed signals around the state of the economy. First-time filings for unemployment insurance—a…
Weekly Jobless Claims Fall to Fresh Pandemic-Era Low
Another 340,000 American workers filed for unemployment last week, a historically elevated number that nonetheless marked the lowest weekly level of jobless claims since the pandemic struck. First-time filings for unemployment insurance, a proxy for layoffs, came in at 340,000 for the week ending Sept. 2, a drop of 14,000 from the previous week’s revised…
Stock Futures Rise Ahead of Unemployment Data Release
Wall Street futures edged up on Thursday as investors looked to the weekly jobless claims filings later in the day for further clues on the labor market recovery that plays a key role in the Federal Reserve’s expected plans to pull back on easy money policies that have buoyed markets. At 7:13 a.m. ET, Dow…
Number of Americans Filing for Unemployment Edges Up After 4 Weeks of Declines
The number of American workers filing for unemployment edged up last week following four consecutive weeks of declines, as the labor market continues along its bumpy road to recovery. First-time filings for unemployment insurance, a proxy for layoffs, came in at 353,000 for the week ending Aug. 21, a rise of 4,000 from the previous…
Weekly Jobless Claims Fall to Pandemic-Era Low
The number of American workers filing for unemployment fell to a pandemic-era low last week, adding to evidence of continued labor market recovery. First-time filings for unemployment insurance, a proxy for layoffs, came in at 348,000 for the week ending Aug. 14, a drop of 29,000 from the previous week’s revised level of 377,000, the…
Number of US Workers Filing Weekly Unemployment Claims Falls
The number of Americans filing for unemployment fell last week to near a pandemic-era low in a sign of ongoing labor market recovery. Initial filings for unemployment insurance, a proxy for layoffs, came in at 375,000 for the week ending Aug. 7, a drop of 12,000 over the previous week’s revised level of 387,000, the…
Unemployment Claims Fall to New Pandemic-Era Low But Remain Historically High
The brisk economic recovery has driven down the number of American workers seeking unemployment benefits, which last week fell to a pandemic-era low of 385,000, although the number remains historically elevated. Initial filings for unemployment insurance, a proxy for layoffs, came in at 385,000 for the week ended July 31, a drop of 14,000 over…
Jobless Claims Rise Above Expectations, Suggesting Bumpy Road to Labor Market Recovery
The number of American workers seeking unemployment benefits last week jumped to 419,000, well above expectations and a sign of a bumpy labor market recovery as the economy bounces back from pandemic lows. Initial filings for unemployment insurance, a proxy for layoffs, came in at 419,000 for the week ended July 17, the Labor Department…
US Jobless Claims Unexpectedly Rise, Overall Trend Points Lower
July 8, 2021
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AmericanBusinesscoronavirusCOVID-19Economieseconomyjobless claimsjobsunemployment benefitsUnited StatesUSUS NewsWashington
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WASHINGTON—The number of Americans filing new claims for unemployment benefits rose slightly last week but continuing claims dropped, another indication that the labor market recovery from the COVID-19 pandemic continues to be choppy. Businesses have reopened at a rapid clip, boosted by a rollback in restrictions. Still, the job market rebound has been anything but…
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