Biden Economy: Jobless Claims Rise by 23,000 to 230,000
Number of Americans applying for unemployment benefits rose last week to the highest level since mid-November, as 57% of poll respondents disapprove of Biden’s handling of the economy. QUICK FACTS: the Department of Labor said Thursday that U.S. jobless claims climbed by 23,000 last week to 230,000, The Associated Press (AP) reports. The four-week average…
Jobless Claims Increase To 351,000 As Economic Recovery Slows
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…
Jobless Claims SKYROCKET, Jump 51,000 in Just 1 Week
“Build back better” was a phrase often heard from Joe Biden and the Pravda-dems in the leadup to the sham 2020 election. This was after President Trump created the most vibrant economy in US history prior to the Coronavirus. Well… In the most recent report from the US Labor Department, the number of Americans who…
Jobless Claims Improved Last Week Thanks To 'Odd' Plunge In Illinois
Following ADP’s major disappointment yesterday, and ahead of tomorrow’s headline-making payrolls print, analysts expected a nudge higher in initial jobless claims last week after two weeks of modest improvements. Instead, initial claims modestly improved from a revised 790k the prior week to 787k last week (better than the 800k expected)… Source: Bloomberg A massive plunge…
2020 Ends With Around 20 Million Americans Still On Jobless Benefits
By Tyler Durden The total number of Americans on government unemployment benefits ended 2020 just below 20 million. 2019 ended with just 2 million on jobless claims… Source: Bloomberg Initial claims dropped on the week, back below 800k (787k vs 835k exp and 806k prior). Become an Activist Post Patron for just $1 per month…
Initial Jobless Claims Surge To Highest In Almost 4 Months
After rising for three of the last four weeks (with a big surge in the previous week) as lockdowns re-accelerate across America, analysts expected initial jobless claims to slow modestly this week, but instead claims soared from an upwardly revised 862k to 885k – the highest number of Americans seeking first-time unemployment benefits since September….
Labor Department’s Jobless Claims Have Been “Consistently” Inaccurate, Government Watchdog Says
In news that should stun no one, the Government Accountability Office has found that the Labor Department has “consistently” provided inaccurate information on the state of the labor market. The GAO also found that millions of workers were underpaid by government assistance during the pandemic. The Labor Department’s weekly jobless claims reports have produced “flawed estimates of…
Initial Jobless Claims Rise For 2nd Week In A Row, Pandemic Claims Soar
By Tyler Durden For the second week in a row, the number of Americans filing for first time unemployment claims has risen (printing at 778k vs 730k exp and 742k prior)… Source: Bloomberg Illinois, Michigan, Washington, and California (all Democrat-run) were the states that suffered the largest surge in initial claims while Louisiana and Massachusetts…
Initial Jobless Claims Re-Accelerated Last Week, Pandemic Claims Continue To Soar
November 19, 2020 By Tyler Durden ‘Only’ 742,000 Americans filed for first time unemployment claims last week – breaking a 4-week streak of drops as perhaps the second-wave lockdown impacts are starting to be evident… Source: Bloomberg Louisiana saw the biggest surge in jobless claims while Illinois and Florida saw the biggest drops… Continuing claims…
Over 20 Million Americans Remain On Jobless Benefits
By Tyler Durden 709,000 Americans filed for first-time unemployment benefits last week, better than the expected 731k and and a big drop from the prior week’s revised 757k print. Source: Bloomberg Washington state and California saw the biggest jumps in jobless claims. Georgia and Texas saw the biggest improvements. The good news for the headline-creators…
Pandemic Emergency Jobless Claims Soar To New Record High
November 5, 2020 By Tyler Durden Initial Jobless Claims rose by 751k last week, very slightly lower than last week’s upwardly revised 758k rise, but still around four times the pre-COVID-lockdown norms… Source: Bloomberg Continuing Claims improved for the 8th week in a row to its lowest since March… Source: Bloomberg But, as continuing claims…