The number of Americans who filed new unemployment claims decreased to 198,000 in the week ending Dec. 25 as employers continue to fight to retain workers amid a tight labor market and growing Omicron coronavirus variant concerns.
The Labor Department figure shows an 8,000 claim decrease compared to the week ending Dec.18, when claims reached a revised level of 206,000. Economists surveyed by The Wall Street Journal projected claims remain near last week’s reported level of 205,000.
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The number of Americans who filed new unemployment claims totaled 206,000 in the week ending Dec. 11 as the tight labor market continues to recover, though it remains far from pre-pandemic levels.
The Labor Department figure shows an 18,000 claim increase compared to the week ending Dec. 4 when jobless claims reached 184,000. Economists surveyed by The Wall Street Journal projected claims to increase to just 195,000 from the previous week’s figure.
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The number of Americans who filed new unemployment claims totaled 184,000 in the week ending on Dec. 4 as employers fight to retain workers during the busy holiday season, the Department of Labor reported.
The Labor Department figure shows a 43,000 claim decrease compared to the week ending Nov 27, when jobless claims increased to 220,000. Economists surveyed by The Wall Street Journal projected claims to decrease to 211,000 for the week ending Dec. 4. This latest report brings the number of weekly jobless claims to a 52-year low, the fewest since September 1969, CNBC reported.
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The U.S. economy added 210,000 jobs in November, marking nearly the lowest number of jobs created in a month since President Joe Biden took office in January.
November’s jobs report was well below economists’ estimate of 573,000, according to CNBC. Additionally, unemployment fell to 4.2% from October’s 4.6% figure, according to the Bureau of Labor Statistics (BLS).
The U.S. economy, still recovering from the COVID-19 pandemic but now subject to uncertainty related to the Omicron coronavirus variant, appeared to slow in momentum in November, The Wall Street Journal reported.
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The number of Americans who filed new unemployment claims totaled 220,000 in the week ending on Nov. 27 as employers fight to retain workers heading into the holiday season, the Department of Labor reported.
The Labor Department figure shows a 28,000 claim increase compared to the number from the week ending on Nov. 20, when jobless claims dropped to a 52 year low of 199,000.
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The number of Americans who filed new unemployment claims decreased to 199,000 in the week ending on Nov. 20, reaching its lowest level in over 52 years.
The Labor Department figure shows a 71,000 claim decrease compared to the number of new claims filed in the week ending on Nov. 13, when jobless claims dropped to a revised 270,000. Wednesday’s report crushed the Dow Jones estimate of 260,000, CNBC reported.
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A record 4.4 million people quit their jobs in September, and job openings remained near a record high as labor shortages continue throughout the country.
Roughly 3.0% of U.S. workers left their jobs in September, a jump from August, when 4.3 million people left the workforce, according to a Bureau of Labor Statistics (BLS) report released Friday. The number of job openings remained near its August level of 10.4 million.
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The Consumer Price Index increased 0.9% in October, bringing the key inflation indicator’s year-over-year increase to 6.2% as supply shortages continue and demand grows, the U.S. Bureau of Labor Statistics announced Wednesday.
The year-over-year inflation figure is an increase from September’s 5.3% level, marking the highest level in 30 years, according to the Bureau of Labor Statistics (BLS) report. Economists surveyed by The Wall Street Journal projected the CPI would increase to just 5.9% in October.
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The number of Americans who filed new unemployment claims decreased to 267,000 in the week ending Nov. 6 as the labor market continues to improve, the Department of Labor reported Wednesday.
The Labor Department figure shows a 4,000 claim decrease compared to the week ending on Oct. 30, when jobless claims dropped to a revised 271,000. Wednesday’s release marks the lowest number of initial claims since March 14, 2020, when new jobless claims were 256,000.
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The number of Americans who filed for new unemployment claims decreased to 269,000 in the week ending Oct. 30 as the labor market continues to improve and the economy recovers from the COVID-19 pandemic.
The Bureau of Labor Statistics figure released Thursday shows a 14,000 claim decrease compared to the week ending Oct. 23, when jobless claims dropped to 283,000. Thursday’s release marks the lowest number of initial claims since March 14, 2020, when the number of new jobless claims was 256,000.
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