August 3, 2012 |
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 that ended Saturday. 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 four weeks that ended Saturday.
July 13, 2012 |
WASHINGTON - New claims for unemployment benefits fell sharply last week to 350,000, the lowest level in more than four years, the government reported. The drop of 26,000 in initial jobless claims followed a drop of 12,000 the previous week and brought the figure to a level that economists say is consistent with strong job growth. But the new numbers released Thursday by the Labor Department were inconsistent with other reports indicating that the recovery is faltering. On Friday, for instance, the U.S. reported that just 80,000 net jobs were created in June, well below economists' projections, and the unemployment rate remained at 8.2%.
June 13, 2012 |
Liberals are exulting over the defeat by North Dakota voters of a proposed Religious Liberty Amendment to the state constitution. In The Nation John Nichols said the amendment would have created “sweeping new exemptions for religious activity in secular life” and might even “allow those charged with domestic violence to claim that their religion allowed them to 'discipline' spouses and children.” A Planned Parenthood official said...
June 8, 2012 |
With more than 12.7 million Americans unemployed, companies have no trouble attracting applicants. What's tougher for some firms is finding qualified workers. Just ask California Steel Industries. The Fontana steel maker needs experienced electrical and mechanical technicians to help it make metal pipes and flat-roll sheets used in construction projects. The pay is good. An industrial maintenance mechanic can make $64,000 a year plus health benefits. In good years, company profit-sharing can boost pay by $5,000.
June 7, 2012 |
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%.
May 29, 2012 |
As part of new federal requirements, about 500,000 Californians receiving long-term unemployment benefits will soon have to appear in person at local job centers to show they are actively looking for work. The requirements are the result of the unemployment benefit extension President Obama signed in February. To continue receiving federal extension benefits, those who are unemployed must now document their work search efforts, which must include contacts with at least three employers per week.
May 29, 2012 |
It's a mark of a civilized society that we look after the unfortunate during hard times. On that score, the United States is about to (once again) come up short. Hundreds of thousands of long-term jobless Americans are now receiving their final unemployment checks sooner than they expected. Congress renewed an extension of unemployment benefits in February, but it also phased in a reduction in the number of weeks of extended aid and made it tougher for states to qualify for cash.
April 26, 2012 |
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.
April 19, 2012 |
News reports Thursday morning highlighted two seemingly disappointing economic indicators: claims for new unemployment benefits were higher than expected , and sales of existing homes dropped slightly from the month before. But the data weren't as bad as the headlines suggested. They just weren't very good. And as a consequence, they don't fit into the dueling story lines that President Obama and his likely Republican opponent, former Massachusetts Gov. Mitt Romney, have been advancing in their campaigns.