jobless claims – News Stories About jobless claims - Page 5

Oct 9, 2008 7:39 AM CDT

Unemployment Funds Could Dry Up

Growing ranks of jobless stressing states' abilities to help

(Newser) - At least 10 states have less than six months worth of unemployment benefit reserves and could run out of cash early in 2009, reports CNN. The national unemployment level is currently at 6.1%—the highest since 2001—and is expected to keep climbing. Economists say states should have packed...

Employers Cut Payrolls at Fastest Rate
in 5 Years

Oct 3, 2008 8:22 AM CDT

Employers Cut Payrolls at Fastest Rate in 5 Years

Some 159,000 positions disappear

(Newser) - Employers slashed payrolls by 159,000 in September, the most in more than 5 years and a worrisome sign that the economy is hurtling toward a deep recession. Today's snapshot also showed the nation's unemployment rate held steady at 6.1% as hundreds of thousands of people streamed out of...

Stocks Fall Despite Senate Vote

MARKETS

Oct 2, 2008 9:00 AM CDT

Stocks Fall Despite Senate Vote

Jobless claims up

(Newser) - Senate approval of the bailout bill wasn’t enough to calm investors this morning, as the Dow posted a modest 51-point decline. Driving the pessimism was a report that new jobless claims have hit a new 7-year low, the Wall Street Journal reports. The S&P and Nasdaq each fell...

Jobless Claims Hit 6-Year High

Economy

Aug 7, 2008 11:00 AM CDT

Jobless Claims Hit 6-Year High

Mounting layoffs lead to surprise jump in claims, report says

(Newser) - The number of newly laid off Americans signing up for jobless benefits last week unexpectedly climbed to its highest point in more than 6 years as the faltering US economy forced companies to cut back. The Labor Department reported today that new applications filed for unemployment rose by 7,000...

US Jobless Rate Rises to 5.7%,
4-Year High

Economy

Aug 1, 2008 9:17 AM CDT

US Jobless Rate Rises to 5.7%, 4-Year High

Employers cut 51,000 jobs in July, 463,000 this year

(Newser) - The unemployment rate in the US climbed to a 4-year high of 5.7% in July as employers cut 51,000 jobs, dashing the hopes of an influx of young people looking for summer work. Payroll cuts weren't as deep as the 72,000 predicted by economists, however, and job...

Stocks Fall on Economic Reports

MARKETS

Jul 31, 2008 3:19 PM CDT

Stocks Fall on Economic Reports

Two-day rally quashed, ending July on a sour note

(Newser) - Stocks fell today as worrying economic reports put an end to a 2-day rally, MarketWatch reports. Financials slipped, and energy stocks took a hit as Exxon’s record profit failed to meet analysts' expectations and crude prices continued to fall. The Dow dropped 204.69 to 11,379.00. The...

House Votes to Extend Jobless Benefits

Jun 12, 2008 5:00 PM CDT

House Votes to Extend Jobless Benefits

But measure faces rough road in Senate, White House

(Newser) - The House today approved an extra three months of jobless benefits for all unemployed Americans, knowing the plan's chances are slight in the Senate. After failing to get a veto-proof two-thirds margin by three votes yesterday, Democrats got an exact two-thirds margin with a 274-137 vote—the amount needed to...

Jobless Rate Posts Biggest Jump in 22 Years

Economy

Jun 6, 2008 8:43 AM CDT

Jobless Rate Posts Biggest Jump in 22 Years

Signs are very bad for consumers

(Newser) - Unemployment saw its biggest leap in two decades in May, spiking from 5.0% to 5.5%, as companies scale back their workforces in the face of recession, Bloomberg reports. Analysts had expected a more modest climb, to 5.1%; unemployment hasn’t been this high since October 2004. Payrolls...

Street Rallies on Retail, Jobs

MARKETS

Jun 5, 2008 3:17 PM CDT

Street Rallies on Retail, Jobs

Wal-Mart among big winners as indices rebound from 3 days of losses

(Newser) - The markets rebounded from a 3-day losing streak today as retailers posted strong sales and weekly claims for jobless benefits fell, the Wall Street Journal reports. The Dow climbed 213.97, closing at 12,604.45, and the Nasdaq gained 46.80 to settle at 2,549.94. The S&...

Jobs Rally Fizzles; Stocks Mixed

MARKETS

May 2, 2008 3:37 PM CDT

Jobs Rally Fizzles; Stocks Mixed

Cautious market not fully inspired by jobs, Fed action

(Newser) - The markets ended mixed today as a rally spurred by news of fewer April job losses than expected and the Fed's bank-liquidity expansion died down before the closing bell, MarketWatch reports. The Dow rose 48.20, closing at 13,058.20, and the S&P 500 gained 4.56 to...

Merrill's Strength Leads Rally

MARKETS

Apr 24, 2008 3:38 PM CDT

Merrill's Strength Leads Rally

Good news from broker overshadows poor housing news

(Newser) - Stocks rallied to solid gains today as good news from Merrill Lynch and better-than-expected jobless claims data overshadowed poor housing and durable-goods news, MarketWatch reports. The Dow gained 85.73 to close at 12,848.95, while the Nasdaq rose 23.71 to 2,428.92. The S&P 500...

Stocks Post Small Gains Again

markets

Apr 3, 2008 3:41 PM CDT

Stocks Post Small Gains Again

Session mostly mixed amid nervousness about the economy

(Newser) - The markets finished with modest gains for the second consecutive session today. Investors, still digesting yesterday's testimony by Fed chief Ben Bernanke, shook off bad news on employment and got a lift from the tech sector. The Dow gained 20.20 points to finish at 12,626.03, the Nasdaq...

Jobless Claims Hit 2-Year High

Apr 3, 2008 12:34 PM CDT

Jobless Claims Hit 2-Year High

End-of-March increase way over expectations

(Newser) - New unemployment claims increased to a two-year high last week, the Wall Street Journal reports. A total of 407,000 Americans filed for jobless benefits, an increase of 38,000 over the previous week and the most since 2005. The surge in claims far surpassed the outlook of economists in...

Durable Goods Numbers Disappoint; Businesses Fret

Dec 27, 2007 11:07 AM CST

Durable Goods Numbers Disappoint; Businesses Fret

It's a sign that - say it with me now - housing woes could be spreading

(Newser) - Durable good sales rose just 0.1% in November, a lower-than-expected bump after October’s 0.4% drop, Bloomberg reports. Analysts had forecast a 3% rise. Take out transportation, including stellar airline sales, and sales fell 0.7%. It’s another sign the economy is slowing down and businesses...

Jobless Claims Rise, but Economists See Silver Lining

Sep 13, 2007 1:45 PM CDT

Jobless Claims Rise, but Economists See Silver Lining

Figures lower than expected as labor market deals with volatility

(Newser) - First-time applications for jobless claims rose last week, but economists are encouraged that the figures were less than expected, Bloomberg reports today. Claims grew by 4,000 to 319,000—still well short of the 325,000 applications expected. The numbers suggest that the labor market isn’t collapsing, despite...