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BUSINESS
April 19, 2012 | By Don Lee
WASHINGTON -- The American labor market showed further signs of weakening as the number of workers filing jobless claims went back up to their highest level in nearly three months. The Labor Department said Thursday that there were 386,000 first-time claims for unemployment benefits last week. Although that was down 2,000 from the prior week, filings for that first week of April were revised sharply higher. And that bumped up the more reliable four-week moving average to 374,750 -- the most since late January.
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BUSINESS
March 13, 2014 | By Jim Puzzanghera
WASHINGTON -- Initial jobless claims unexpectedly fell last week to 315,000, the lowest level since November, as the labor market showed signs of emerging from a winter chill. The number of first-time claims for unemployment benefits was down from 324,000 the previous week, the Labor Department said. Economists had projected claims to increase to 330,000. The four-week average fell by 6,250 last week to 330,500. PHOTOS: Federal Reserve chairs through the years Claims have been volatile this winter since falling to near a six-year low in late November as severe weather has forced some businesses to temporarily close.
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BUSINESS
April 12, 2012 | By Don Lee
In another setback for the job market, new unemployment claims unexpectedly jumped last week to the highest level since late January. The Labor Department's weekly report Thursday showed 380,000 new filings for jobless benefits last week, up 13,000 from the prior week. Most analysts were looking for a decline. While the latest uptick may have been affected by the Easter holiday, it was the second straight week of increased filings. And the less-volatile, four-week moving average in initial jobless claims also bounced higher, to 368,500 -- up 4,250.
BUSINESS
March 6, 2014 | By Jim Puzzanghera
WASHINGTON -- Initial jobless claims fell sharply last week to their lowest level in three months, the Labor Department said Thursday, as a private report showed layoffs eased in February. About 323,000 people filed for first-time unemployment benefits in the week ending Saturday, down from 349,000, the previous week, the Labor Department said. The falloff was steeper than that expected by analysts, who had forecast 338,000 first-time claims. Last week's figure was the lowest since the end of November.
BUSINESS
August 2, 2012 | By Don Lee
WASHINGTON -- New claims for jobless benefits rose moderately last week but remained at levels well below recent highs, suggesting no big change in layoffs ahead of the important jobs report for July to be issued Friday. The Labor Department said Thursday that 365,000 workers filed first-time claims for unemployment benefits in the week ending July 28. That was an increase of 8,000 from the prior week. Analysts were expecting a bigger weekly increase in filings. Looking at the data over a longer period, to smooth out some of the week-to-week volatility, initial jobless claims averaged 365,500 over the last four weeks ending Saturday.
BUSINESS
September 20, 2012 | Times wire services
More Americans than forecast filed applications for unemployment benefits last week, adding to concern the labor market is slackening. Jobless claims decreased by 3,000 in the week ended Sept. 15 to 382,000, Labor Department figures showed Thursday. The median forecast of economists surveyed by Bloomberg projected 375,000. The four-week moving average, a less volatile measure than the weekly figures, climbed to 377,750 last week from 375,750. The report showed the number of people continuing to receive jobless benefits dropped by 332,000 in the week ended Sept.
BUSINESS
July 26, 2012 | By Don Lee
WASHINGTON -- A pair of better-than-expected economic reports in the U.S. added to the breath of relief on Wall Street after Europe's top central banker pledged to do whatever is necessary to preserve the euro. The Labor Department said Thursday that initial jobless claims fell sharply last week, and the Commerce Department reported that new orders for longer-lasting manufactured goods rose at a healthy rate in June. Neither report was as good as it appeared on the surface, but investors seemed to look past that as they took comfort from the news out of Europe.
BUSINESS
December 26, 2013 | By Ricardo Lopez
The number of people filing for initial unemployment benefits dropped by 42,000, the largest drop in over a year, the Labor Department reported Thursday. In the week ending Dec. 21, the number of seasonally adjusted jobless claims was 338,000, down from a revised figure of 380,000 the previous week.  The four-week average, a more reliable measure that irons out weekly volatility, increased by 4,250 to 348,000 the Labor Department said.  Economists said the November and December claims figures often show high volatility around the Thanksgiving, Christmas and New Year's holidays.  In the past months, the number of jobless claims has been steadily falling as the labor market gradually improves.
BUSINESS
December 13, 2012 | By Jim Puzzanghera
WASHINGTON -- Initial claims for unemployment benefits posted their fourth straight big decline last week to their lowest level since early October as the impact of Superstorm Sandy on the jobs market continued to dissipate. There were 343,000 new jobless claims in the week that ended Saturday, down 29,000 from the previous week's revised level, the Labor Department reported Thursday. The drop was larger than economists had forecast. The less-volatile four-week average also dropped, to 381,500 from the previous week's reading of 408,500.
BUSINESS
April 26, 2012 | By Tiffany Hsu
The number of Americans filing for jobless claims barely moved last week, leaving more unemployed workers applying for benefits than analysts had expected. With 338,000 workers filing first-time claims during the week ended Saturday, according to the Labor Department , hopes for heady improvement in the labor market continue to shrink. Though that's 1,000 fewer applications than during the earlier week, initial unemployment benefits are still hovering around a three-month high last reached in January.
BUSINESS
February 13, 2014 | By Jim Puzzanghera
WASHINGTON -- Initial jobless claims rose last week, but remained at a level consistent with moderate labor market growth amid mixed signals recently about the strength of the economic recovery. About 339,000 people applied for first-time unemployment benefits in the week ended Saturday, up from 331,000 the previous week, the Labor Department said Thursday. Economists had projected a slight decrease to 330,000. The weekly claims figure, a key labor market indicator, has settled in recent weeks to about 335,000 after the usual holiday season volatility.
BUSINESS
January 16, 2014 | By Jim Puzzanghera
WASHINGTON -- Initial jobless claims dropped slightly last week to the lowest level since November, the Labor Department said Thursday. The number of people filing for first-time unemployment benefits fell to 326,000 from a downwardly revised 328,000 the previous week. The drop was in line with analyst expectations. The last time the figure was lower was in the week ended Nov. 30, when 305,000 filed for claims at the start of the holiday season, which typically causes volatility in the numbers.
BUSINESS
January 9, 2014 | By Jim Puzzanghera
WASHINGTON -- Initial claims for unemployment benefits fell to 330,000 last week, the lowest level since November, as holiday season volatility continued to ease ahead of Friday's government jobs report. The number of people filing for first-time jobless benefits was down from an upwardly revised 345,000 the previous week, the Labor Department said Thursday. The drop was in line with analysts' projections. QUIZ: How well do you understand the Fed stimulus? Jobless claims are particularly volatile during the during the Thanksgiving-New Year's Day holiday season.
BUSINESS
December 19, 2013 | By Jim Puzzanghera
WASHINGTON - Initial jobless claims unexpectedly jumped last week to the highest level since March, the Labor Department said Thursday, countering recent upbeat economic data and reflecting holiday season volatility. The number of people filing for unemployment benefits for the first time rose to 379,000 from the previous week's upwardly revised level of 369,000. Analysts had projected claims to drop to about 337,000. The end-of-the-year holidays cause big swings in claim levels, adding to the volatility of the weekly claims data, economists said.
BUSINESS
December 6, 2012 | By Don Lee
WASHINGTON -- New jobless claims last week fell much more sharply than expected, a reassuring sign that the damaging effects from Hurricane Sandy to the labor market have largely passed.  The Labor Department said Thursday that 370,000 people filed initial claims for unemployment insurance in the week ended Saturday, down from a revised 395,000 in the prior week. The latest claims number was just about the weekly average for the 10 weeks prior to the storms. The Labor Department on Friday will issue its jobs report for November, and that is expected to reflect the disruption to commerce and temporary loss of work after the so-called superstorm knocked out power and caused severe damage in the Northeast, particularly New York and New Jersey.
BUSINESS
June 7, 2012 | By Don Lee
WASHINGTON -- New claims for unemployment benefits fell last week, the Labor Department said Thursday in an encouraging sign for the struggling job market. Initial jobless claims -- an indicator of layoff trends -- had risen for three straight weeks last month, reaching a high of 389,000 in the week ended May 26. And sure enough, the jobs report for the month of May turned out to be every bit as gloomy, with the economy having created just 69,000 jobs and the unemployment rate rising to 8.2%.
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