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Jobless Claims Fall Sharply to 5-Year Low

Jobless Claims Fall Sharply to 5-Year Low

Getty Images By Jason Lange WASHINGTON -- The number of Americans filing new claims for jobless benefits fell sharply last week to its lowest level since the early days of the 2007-09 recession, suggesting the job market is still healing despite weakness in the broader economy. Initial claims for state ...

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The Real Unemployment Rate Is Worse Than You Think

The Real Unemployment Rate Is Worse Than You Think

The March jobs numbers, released by the Bureau of Labor Statistics on Friday, were so dismal that Austan Goolsbee, former chairman of President Obama's Council of Economic Advisers, called them "a punch to the gut." The latest jobs report also shows how misleading the unemployment numbers can be. The jobless ...

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U.S. Jobless Claims Fall For 3rd Straight Week

U.S. Jobless Claims Fall For 3rd Straight Week

WASHINGTON -- Fewer Americans sought unemployment aid last week, reducing the average number of weekly applications last month to a five-year low. The drop shows that fewer layoffs are strengthening the job market. The Labor Department said Thursday that applications fell 10,000 to a seasonally adjusted ...

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Unemployment Falls To 7.7% As Employers Are Hiring Again

Unemployment Falls To 7.7% As Employers Are Hiring Again

By Christopher S. Rugaber WASHINGTON -- U.S. employers ramped up hiring in February, adding 236,000 jobs and pushing the unemployment rate down to 7.7 percent from 7.9 percent in January. Stronger hiring shows businesses are confident about the economy, despite higher taxes and government spending cuts. ...

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Jobless Claims Fall Unexpectedly, As Labor Market Improves

Jobless Claims Fall Unexpectedly, As Labor Market Improves

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting a pickup in the labor market recovery. Initial claims for state unemployment benefits fell 7,000 to a seasonally adjusted 340,000, declining for a second straight week, the Labor Department said on ...

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The Economic Recovery Still A Mirage For American Workers

The Economic Recovery Still A Mirage For American Workers

Throughout the 2012 election and into the economic confrontations of 2013, President Barack Obama has frequently referred to the country as being in a "recovery." But a new report released by the Heldrich Center for Workplace Development tells a different story, and challenges the idea that there's yet been ...

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U.S. Jobless Claims At 5-Year Low, Job Market Healing

U.S. Jobless Claims At 5-Year Low, Job Market Healing

WASHINGTON, Jan 24 (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly fell to its lowest since the early days of the 2007-09 recession, a hopeful sign for the sluggish labor market. Initial claims for state unemployment benefits fell 5,000 to a seasonally adjusted ...

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Jobs Report: Unemployment Rate Holds Steady At 7.8%

Jobs Report: Unemployment Rate Holds Steady At 7.8%

By Jason Lange WASHINGTON -- The pace of hiring by U.S. employers eased slightly in December, pointing to a lackluster pace of economic growth that was unable to make further inroads in the country's still high unemployment rate. Payrolls outside the farming sector grew 155,000 last month, the Labor ...

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U.S. Jobless Claims Rise, But Distorted By Holidays

U.S. Jobless Claims Rise, But Distorted By Holidays

WASHINGTON, Jan 3 (Reuters) - The number of Americans filing new claims for unemployment benefits rose last week, but the data continues to be too distorted by the holidays to offer a clear read of labor market conditions. Initial claims for state unemployment benefits increased 10,000 to a seasonally ...

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