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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U.S. consumer spending growth slowed in September, and income dropped due to high COVID-19 cases, supply shortages, rising inflation, and ending unemployment benefits.
Consumer spending increased 0.6% in September, down from a 1% jump in August, the Commerce Department announced Friday. Personal income fell 1% in September, driven by a 72% drop in unemployment insurance benefits that offset a 0.7% spike in wages and benefits, according to The Wall Street Journal.
Economists polled by Reuters projected a 0.5% in consumer spending. Delta variant cases peaked in the middle of September, and the continued supply chain backups have caused shortages and rising prices, making it harder for consumers to purchase their desired goods, the WSJ reported.
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The number of Americans who filed new unemployment claims decreased to 281,000 last week as employers compete for workers in a tight labor market where inflation and supply chain disruptions plague the country.
The Bureau of Labor Statistics figure released Thursday shows a 10,000 claim decrease in the number of new jobless claims compared to the week ending Oct. 23 when jobless claims dropped to 290,000. This is the lowest level for initial claims since March 14, when jobless claims dropped to 256,000.
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The number of Americans who filed new unemployment claims decreased to 290,000 last week as employers attempt to hold onto workers amid struggles with inflation, supply chain disruptions and labor shortages.
The Bureau of Labor Statistics figure released Thursday shows a 6,000 claim decrease in the number of new jobless claims compared to the week ending on Oct. 9, when jobless claims dipped below 300,000 for the first time since March 2020.
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Following a catastrophic U.S. military withdrawal from Afghanistan, the highest inflation since 2008,pushing unpopular COVID vaccine mandates, rationing COVID treatments to red states and finally, watching his domestic legislative agenda falter in Congress, President Joe Biden is already upside down on his job approval ratings, according to the latest average of polls compiled by RealClearPolitics.com.
Reuters/Ipsos on Sept. 29-30 had Biden’s approval at 46 percent and disapproval at 50 percent.
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The number of Americans filing new unemployment claims increased to 351,000 last week as the economy continues to slowly recover from the coronavirus pandemic.
The Bureau of Labor Statistics figure released Thursday represents an increase in the number of new jobless claims compared to the week ending Sept. 11, when 335,000 new jobless claims were reported. That figure was revised up from the 332,000 jobless claims initially reported last week.
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The number of Americans filing new unemployment claims increased to 332,000 last week as the economy continues to slowly recover from the coronavirus pandemic.
The Bureau of Labor Statistics figure released Thursday represents an increase in the number of new jobless claims compared to the week ending Sept. 4, when 312,000 new jobless claims were reported. That figure was revised slightly up from the 310,000 jobless claims initially reported last week.
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The number of Americans filing new unemployment claims decreased to 340,000 in the week ending Aug. 28, as the economy continues to slowly recover from the coronavirus pandemic.
The Bureau of Labor Statistics figure released Thursday represents a slight decrease in the number of new jobless claims compared to the week ending Aug. 21, when 354,000 new jobless claims were reported. That figure was revised from the 353,000 jobless claims initially reported last week.
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The number of Americans filing new unemployment claims increased to 353,000 last week as the economy continues its recovery from the coronavirus pandemic.
The Bureau of Labor Statistics figure released Thursday presents a slight increase in the number of new jobless claims compared to the week ending Aug. 14, when 349,000 new jobless claims were reported. The Aug. 7 to Aug. 14 figure was revised from the 348,000 jobless claims initially reported last week.
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A federal judge has ruled the Biden administration must resume allowing oil and gas leasing on federal land and waters, but the administration is saying it will not go down without a fight.
The Biden administration said it will appeal a court ruling allowing the leases, the latest development in a months-long battle between President Joe Biden and the oil and gas industry, even as gas prices continue to rise.
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The unadjusted consumer price index as measured by the Bureau of Labor Statistics was 5.28 percent for the month of July, slightly lower than June at 5.32 percent, but still measuring the highest inflation on record since July 2008, when it hit nearly 5.5 percent.
The latest numbers come as Congress has easily passed another gargantuan $1.2 trillion infrastructure spending plan that included $550 billion of new spending. Interest rates have already reacted as 10-year treasuries came off a near-term low of 1.17 percent on Aug. 2 to 1.36 percent as of Aug. 12, slightly increasing inflation expectations.
The $1.2 trillion spendathon was just the latest in a long line of spending that has added $5.25 trillion to the national debt since Jan. 2020 in response to the Covid pandemic all the way to the current $28.5 trillion: the $2.2 trillion CARES Act and the $900 billion phase four under former President Donald Trump, and then the $1.9 trillion stimulus under President Joe Biden. It’s been a bipartisan affair.
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