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Each Thursday, the Department of Labor issues the Unemployment Insurance Weekly Claims Report. Its headline number is the seasonally adjusted estimate for initial unemployment claims filed during the previous week in the US.
The number of Americans filing new claims for unemployment benefits fell last week, pointing to underlying strength in the labor market that should continue to support the economy.
In March 2020, during the 2020 COVID-19 pandemic, American unemployment saw a huge increase; claims in one week rose to 3.3 million from 281,000 on the previous week. The previous record for unemployment claims in one week was only about one fifth as high, at 695,000 claims in 1982.
The number of Americans filing new claims for unemployment benefits was unchanged at a low level last week, pointing to continued labor market strength that is driving the economy.
Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 222,000 for the week ended May 11, the Labor Department said. Economists polled by Reuters had forecast ...
Initial jobless claims are a data point issued by the U.S. Department of Labor as part of its weekly Unemployment Insurance Weekly Claims Report. Initial jobless claims refer to claims for unemployment benefits filed by unemployed individuals with state unemployment agencies.
Since the start of 2020, weekly unemployment claims in NJ decreased by about 46 percent, the 22nd biggest decrease in the U.S, according to WalletHub.
CA Has 6th Slowest Recovery For Weekly Unemployment Claims: Study - Glendora, CA - According to a WalletHub study, the number of unemployment claims since the start of the pandemic is down 96 percent.
The US economy added 187,000 jobs in August, while unemployment unexpectedly increased as the labor market continued to show signs of cooling, data from the Bureau of Labor Statistics showed Friday.
Unemployment benefits, also called unemployment insurance, unemployment payment, unemployment compensation, or simply unemployment, are payments made by governmental bodies to unemployed people. Depending on the country and the status of the person, those sums may be small, covering only basic needs, or may compensate the lost time ...