The Department of Labor reported that the number of Americans filing new claims for jobless benefits dropped to a 19-month-low last week. First-time filings for unemployment claims totaled 290,000 for that week ended on Oct. 16, according to the agency, reporting that the figure was down 6,000 from the previous week. The data released Thursday…
3 Fed Policymakers Throw Support Behind November Taper Timeline
October 14, 2021
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Business & EconomyEconomieseconomyFederal Reserveinflationlabor marketlockdownsunemploymentUSUS News
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Three Federal Reserve policymakers on Tuesday hinted that the central bank has made enough progress to start cutting back on its monthly bond purchases as early as next month and will start withdrawing the extraordinary support it unleashed after the pandemic lockdowns paralyzed the economy. “Since our December 2020 meeting, the Committee has indicated that it will continue to maintain…
Jobless Claims Fall After 3 Weeks of Rises, Recovery Outlook Remains Uncertain
The number of American workers filing for unemployment fell last week, dropping more sharply than economists expected, though experts say there remains an elevated level of uncertainty around the recovery outlook. First-time filings for unemployment insurance—a proxy for layoffs—came in at 326,000 for the week ending on Oct. 2, the Labor Department said in a…
Jobless Claims Fall After 3 Weeks of Increases; Recovery Outlook Remains Uncertain
The number of American workers filing for unemployment benefits fell last week, dropping more sharply than economists expected, although experts say an elevated level of uncertainty remains around the recovery outlook. First-time filings for unemployment insurance—a proxy for layoffs—came in at 326,000 for the week ending on Oct. 2, the Labor Department said in a statement…
Jobless Claims Rise Above Expectations, Sapping Confidence in Labor Market Recovery
The number of U.S. workers who filed for unemployment rose above expectations last week, hitting the highest level in over a month and casting doubt on the strength of the labor market recovery. First-time filings for unemployment insurance—a proxy for layoffs—came in at 362,000 for the week ending on Sept. 25, an increase of 11,000 from…
Powell: ‘Tension’ Between Jobs, Inflation Is the Chief Challenge Facing Fed
Resolving “tension” between high inflation and still-elevated unemployment is the most urgent issue facing the Federal Reserve right now, Fed Chair Jerome Powell said Wednesday, acknowledging the central bank’s two goals are in potential conflict. “This is not the situation that we have faced for a very long time and it is one in which…
Big Government Socialist States Kill Jobs
Commentary Big Government Socialism has been tried at the state level and it has failed spectacularly. Stephen Moore, an economist working with the Committee to Unleash Prosperity, offered conclusive proof that Big Government Socialism is a disaster with real consequences for people and the economy in his remarkably useful newsletter “the Unleash Prosperity Hotline” (issue…
Californians’ Unemployment Claims Increase 5 Times More Than Other Americans’ During Recall Week
Commentary Californians’ recent increase in claims for unemployment insurance represented 60 percent of the increase for the entire United States. According to the report (pdf) this week from the U.S. Department of Labor on unemployment insurance claims for the week ending Sept. 18, claims across the U.S. totaled 306,209, up 40,307 from the previous week….
Jobless Claims Rise Above Expectations to Highest Level in a Month
The number of U.S. workers who filed for unemployment rose above expectations last week to the highest level in a month, new government figures show. First-time filings for unemployment insurance—a proxy for layoffs—came in at 351,000 for the week ending on Sept. 18, an increase of 16,000 from the previous week’s revised level of 335,000,…
Jobless Claims Rise Above Expectation to Highest Level in a Month
The number of American workers who filed for unemployment rose above expectations last week and hit the highest level in a month, new government figures show. First-time filings for unemployment insurance—a proxy for layoffs—came in at 351,000 for the week ending Sept. 18, a rise of 16,000 from the previous week’s revised level of 335,000,…
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