Home >> Tag Archives: Labor Department (page 5)

Tag Archives: Labor Department

First-Time Jobless Claims Post Sharp Correction

Unemployment

After spiking one week ago, first-time claims for unemployment insurance fell sharply to 346,000 for the week ending April 6, a drop of 42,000, the Labor Department reported Thursday. Economists expected claims to fall to 365,000. Initial jobless claims for the week ending March 30 were revised up to 388,000 from the originally reported 385,000, increasing an unexpected 31,000 from one week earlier.

Read More »

Commentary: It Happens Every Month

Just as there is no Democratic or Republican way to collect garbage okay, there might be depending on how much government you want there should be no Democratic or Republican economic data. The numbers are what they are, not what your political lens tells you they are. That said, when data such as the March report are released--weak job growth, yet a drop in the unemployment rate--conspiracy theorists emerge from the woodwork.

Read More »

First-Time Jobless Claims Spike to 4-Month High

Unemployment

First-time claims for unemployment insurance jumped an unexpected 28,000 to 385,000--the highest level since November--for the week ending March 30, the Labor Department reported Thursday. Economists expected claims to rise to 350,000. Initial jobless claims for the week ending March 23 were unchanged at 357,000.

Read More »

Initial Jobless Claims Make Surprise Jump

Unemployment

First-time claims for unemployment insurance jumped 16,000 to 357,000 for the week ending March 23, the strongest jump since mid-February, the Labor Department reported Thursday. Despite the unexpected bump, initial unemployment claims have fallen for seven of the first 12 weeks of the year, averaging just a shade over 350,000, the number most economists see as the tipping point between a strengthening and weakening jobs market.

Read More »

February Adds 236K Jobs, Unemployment Rate at 7.7%

Unemployment

The economy added 236,000 jobs in February and the unemployment rate slipped to 7.7 percent, its lowest level since December 2008, the Bureau of Labor Statistics (BLS) reported Friday. Economists had forecast payrolls would grow by 160,000 and that the unemployment rate would remain at 7.8 percent.

Read More »

First-Time Unemployment Claims Continue Downward Trend

Initial unemployment insurance claims fell 7,000 for the week ending March 2, closing the week at an advance estimate of 340,000, the Labor Department reported Thursday. The decline represents the fourth drop in the last five weeks, indicating a downward trend in layoffs.

Read More »

Initial Time Jobless Claims Up, Adding to Labor Concerns

Unemployment

First-time claims for unemployment insurance jumped 20,000 to 362,000 for the week ending February 16, the Labor Department reported Thursday. Economists expected 359,000 initial unemployment claims. The spike in filings--the largest in three weeks--marked a reversal of what had been a downward trend in layoffs.

Read More »

First-Time Jobless Claims Drop, Continuing Claims Hit 43-Month Low

Bolstered by favorable seasonal adjustment factors, first-time claims for unemployment insurance dropped 27,000 to 341,000 for the week ending February 9, the Labor Department reported Thursday. Economists expected a much smaller decline to 360,000. Initial claims were under 350,000--a dividing line between a strong and weak labor market--for the third time in the last five weeks, hinting layoff activity has returned to normal.

Read More »

First-Time Unemployment Claims Average Hits 5-Year Low

Unemployment

First-time claims for unemployment insurance continued to move sideways, dropping 5,000 to 366,000 for the week ending February 2, the Labor Department reported Thursday. The four-week moving average for first time claims fell 2,250 to 350,000--the lowest level since March 2008, a strong signal of an improving labor market.

Read More »

GET THE NEWS YOU NEED, WHEN YOU NEED IT.

With daily content from MReport, you’ll never miss another important headline in originations, lending, or servicing. Subscribe to MDaily to begin receiving a complimentary daily email containing the top mortgage news and market information.