Tag Archives: Bureau of Labor Statistics

First time claims for unemployment jumped 15,000 to 382,000 for the week ended September 8, the Labor Department reported Thursday. Several states reported increases in initial claims, as a result of Tropical Storm Isaac, which increased the total by about 9,000. Several states "reported increases in initial claims, "as a result of Tropical Storm Isaac," which increased the total by about 9,000. Economists had predicted a smaller increase, to 370,000.

The nation's unemployment rate fell to 8.1 percent in August ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô the lowest level since April but the economy added just 96,000 jobs, the Labor Department reported Friday. According to Labor, 581,000 people left the labor force in August leading to the drop in the unemployment rate which nonetheless remained above the election-critical 8.0 percent. At the same time, July's job gains ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô originally reported at 163,000 ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô were reduced to 141,000 while June's job numbers dropped to 45,000 from 87,000.

First time claims for unemployment insurance increased 4,000 for the week ended Aug. 18 to 372,000, the highest level in a month, the Labor Department reported Thursday. Economists surveyed by Bloomberg had expected 365,000 initial claims. The prior week├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós total was revised up to 368,000 from the originally reported 366,000. Continuing claims ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô reported on a one-week lag ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô increased 4,000 to 3,317,000 from the prior week's 3,313,000, revised from the originally reported 3,305,000.

First time claims for unemployment insurance fell 35,000 for the week ended July 21 to 353,000, the Labor Department reported Thursday. Economists surveyed by Bloomberg had expected 380,000 initial claims. The prior week├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós total was revised up to 388,000 from the originally reported 386,000. The surprisingly strong report came just two weeks after initial claims had plunged to a four-year low ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô 352,000 ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô reflecting seasonal adjustments to account for annual auto industry furloughs as car makers retool for a new model year.

First-time claims for unemployment insurance rose 34,000 for the week ended July 14 to 386,000 - the highest level in four weeks - the Labor Department said Thursday. Economists surveyed by Bloomberg had expected 365,000 initial claims. The prior week's total was revised up to 352,000 from the originally reported 350,000. Initial claims had plunged in the week ended July 7 to a four year low as seasonal adjustments ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô used to correct for sharp changes in raw data due to recurring annual phenomena ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô offset annual furloughs of auto workers when plants re-tooled for the new model year.

First-time claims for unemployment insurance fell 26,000 to 350,00 in early July, reaching the lowest level since March 2008, the Labor Department reported Thursday. The prior week's total was revised up to 376,000 from the originally reported 374,000. Economists surveyed by Bloomberg had expected a modest decline to 375,000 initial claims. Continuing claims ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô reported on a one-week lag ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô fell 14,000 to 3,304,000 from the prior week's 3,318,000, revised from the originally reported 3,306,000.

First-time claims for unemployment insurance fell a sharp 14,000 to 374,000 for the week ended June 30, the Labor Department said Thursday, finding the largest drop in nine weeks. The prior week's total was revised up to 388,000 from the originally reported 386,000. The drop in claims was the second week-over-week improvement and came on the weekend heading into the July 4 holiday, usually a slower period for layoffs, according to seasonal factors. An uncertain employment report will follow on Friday.

First time claims for unemployment insurance fell to 387,000 for the week ended June 16, from the prior week├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós 389,000, (revised from the originally reported 387,000) the Labor Department reported Thursday. Economists had expected the report would show 3863,000 initial claims.

While the lights of the housing market continue to flicker, rental market activity has been a bright spot, said Freddie Mac's U.S. Economic and Housing Market Outlook for June. The enterprise├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós report, released Tuesday, showed that newly formed households seem more interested in renting over owning as the economy struggles to get back on its feet. Freddie Mac expects this trend to continue for the near future. Reis found a 2.8 percent gain in its markets during the same period, while Axiometrics reported a 4 percent rise in nominal rents.

The economy added just 69,000 jobs in May compared with a revised 77,000 in April down from the originally reported 115,000, the Labor Department reported Friday. The closely watched unemployment rate inched up to 8.2 percent ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô a function of an increase in the nation├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós labor force to the highest level ever. Payroll gains for March and April were revised, subtracting 11,000 from the last published numbers for March and 38,000 from the preliminary report for April. A sharp drop in construction jobs ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô 28,000 ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô led payrolls down.