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BUSINESS
October 23, 2009 | Times Wire Reports
More Americans than forecast filed claims for unemployment benefits last week, a reminder that the labor market will be slow to recover. Initial jobless applications rose by 11,000 to 531,000 in the week ended Oct. 17, from a revised 520,000 the prior week that were the fewest in nine months, the Labor Department said. The number of people collecting benefits fell, while those receiving extended benefits increased.
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BUSINESS
September 6, 2013 | By Jim Puzzanghera
WASHINGTON -- The top-line number in the August jobs report was roughly in line with expectations, but economists digging into the details Friday saw bad signs that could give Federal Reserve policymakers concerns about reducing their stimulus efforts this month. "The dirt is in the details, and these are very dirty details," said Diane Swonk, chief economist at Mesirow Financial. "It's going to muddy the debate about what the Fed does. " The 169,000 net new jobs added to the economy in August was near the consensus estimate of 175,000.
BUSINESS
July 3, 2013 | By Jim Puzzanghera
WASHINGTON -- Initial jobless claims dipped to 343,000 last week, slightly better than analyst expectations and a sign that the labor market continues to expand at a moderate pace. The number of people filing for unemployment benefits for the first time was down 5,000 from the previous week's revised level of 348,000, the Labor Department said Wednesday. The figures were released a day early because of the Fourth of July holiday. Quiz: Do U.S. corporations pay too little in taxes?
BUSINESS
May 23, 2013 | By Jim Puzzanghera
WASHINGTON -- Initial unemployment claims dropped back to a level indicating moderate job growth last week after a spike the previous week raised alarms about the labor market recovery. The number of people filing for unemployment benefits for the first time stood at 340,000 for the week ending Saturday, falling from a revised 363,000 the week before, the Labor Department said Thursday. Economists had expected the closely watched jobless claims figure to drop last week to 345,0000.
BUSINESS
September 20, 2013 | By Ricardo Lopez, This post has been corrected. See note at the bottom for details.
In what can best be described as tepid, California's jobs report Friday showed the state added 29,100 net payroll jobs even as the unemployment rate ticked up to 8.9% from 8.7% the month before. Figures from the state's Employment Development Department show that California's year-over-year payroll job growth slowed to 1.5%. Earlier this year, that rate was hovering around 2%. Economists say California has lost steam partly because of the ongoing recession in Europe, the economic slowdown in China and sluggishness in the retail sector.
BUSINESS
November 21, 2013 | By Don Lee
WASHINGTON -- The labor market looks like it is gaining some momentum. For the fourth time in five weeks, the number of workers filing new unemployment claims fell, to 323,000 for the week that ended Saturday, the Labor Department said Thursday. The drop, from 344,000 in the prior week, was larger than analysts' average forecast and brought the number to its lowest level since late September. The economy produced a surprisingly strong 204,000 jobs in October, and the downward trend in initial claims for jobless benefits suggests that the pickup in the job market carried into November.
BUSINESS
March 21, 2013 | By Jim Puzzanghera
WASHINGTON -- Initial jobless claims ticked up last week, but still indicated an improving labor market as the four-week average hit its lowest point in five years. The number of people filing for the first time for unemployment benefits rose to 336,000 for the week ending Saturday, up 2,000 from the previous week's revised figure, the Labor Department said Thursday. The reading was better than analysts expected. A Reuters poll of economists projected the figure at 342,000.
BUSINESS
September 5, 2013 | By Jim Puzzanghera
WASHINGTON -- Private-sector hiring slowed last month as employers added 176,000 new jobs, but the gains were consistent with the labor market's steady though unspectacular growth over the last two years, payroll processing firm ADP said Thursday. Bolstering the view that the jobs situation remained positive, the Labor Department reported Thursday that initial claims for unemployment benefits dropped by 9,000 last week to 323,000. That figure was near the Great Recession low of 322,000 reached in early August.
BUSINESS
October 30, 2013 | By Jim Puzzanghera
WASHINGTON -- Business hiring slowed this month with the private sector adding just 130,000 net new jobs as the partial government shutdown hit an already weakening labor market, payroll processor ADP said Wednesday. The figure was below the 150,000 average monthly job growth in the sector over the previous year as the hiring in the service sector fell off in October, said Mark Zandi, chief economist at Moody's Analytics, which assists ADP in the monthly report. "The government shutdown and debt limit brinkmanship hurt the already softening job market in October," Zandi said.
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