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The Labor Department reported that initial jobless claims pulled back slightly after rising significantly over the prior two weeks. Last week initial claims reached a ten-month high as demand for labor drops further and the supply of available workers increases. First time claims in regular state programs recorded 238,000 for the week ending June 15th after the prior week’s report of 243,000. The four-week moving average climbed to 232,750 from 227,250 the prior week. Continuing claims, which include people who have received unemployment benefits for a week or more, gained 15,000 to 1,828,000 for the week ending June 8th. The insured unemployment rate, the number of people currently receiving unemployment insurance as a percentage of the labor force, remained at 1.2%.
The Labor Department reported that initial jobless claims jumped to the highest level in nine months last week, led by a large increase in California. The increase could be related to the end of the school year or general seasonal volatility. California’s new law that mandates a $20 minimum wage for fast-food workers took effect in April. First time claims in regular state programs recorded 242,000 for the week ending June 8th after the prior week’s report of 229,000. The four-week moving average climbed to 227,000 from 222,250 the prior week. Continuing claims, which include people who have received unemployment benefits for a week or more, gained 30,000 to 1,820,000 for the week ending June 1st. The insured unemployment rate, the number of people currently receiving unemployment insurance as a percentage of the labor force, remained at 1.2%.
The Labor Department reported that initial jobless claims increased last week to its highest number since early May. Despite the increase, the level remains in a range that suggests the labor market remains tight. First time claims in regular state programs recorded 229,000 for the week ending June 1st after the prior week’s report of 221,000. The four-week moving average declined to 222,250 from 223,000 the prior week. Continuing claims, which include people who have received unemployment benefits for a week or more, gained 2,000 to 1,792,000 for the week ending May 25th. The insured unemployment rate, the number of people currently receiving unemployment insurance as a percentage of the labor force, remained at 1.2%.
The Labor Department reported that initial jobless claims declined for the second straight week, suggesting that any cooling in the labor market is a very slow process. First time claims in regular state programs recorded 215,000 for the week ending May 18th after the prior week’s report of 223,000. The four-week moving average climbed to 219,750 from 218,000 the prior week. Continuing claims, which include people who have received unemployment benefits for a week or more, gained 8,000 to 1,794,000 for the week ending May 11th. The insured unemployment rate, the number of people currently receiving unemployment insurance as a percentage of the labor force, remained at 1.2%.
The Labor Department reported that initial jobless claims pulled back for the week ending May 11th after the prior week’s surge. Claims in New York dropped after jumping the previous week, likely due to New York City public schools being on spring break. Some workers such as bus drivers are allowed to apply for benefits during school breaks, which tend to make weekly data volatile. First time claims in regular state programs recorded 222,000 for the week ending May 11th after the prior week’s report of 232,000. The four-week moving average climbed to 217,750 from 215,250 the prior week. Continuing claims, which include people who have received unemployment benefits for a week or more, gained 13,000 to 1,794,000 for the week ending May 4th. The insured unemployment rate, the number of people currently receiving unemployment insurance as a percentage of the labor force, remained at 1.2%.
The Labor Department reported that initial jobless claims surged last week to its highest level since August 25th. Claims had been locked in a very tight range for the last few weeks and were bound to break at some point. More than half of the advance was due to a jump in claims in New York. First time claims in regular state programs recorded 231,000 for the week ending May 4th after the prior week’s report of 209,000. The four-week moving average climbed to 215,000 from 210,250 the prior week. Continuing claims, which include people who have received unemployment benefits for a week or more, gained 17,000 to 1,785,000 for the week ending April 27th. The insured unemployment rate, the number of people currently receiving unemployment insurance as a percentage of the labor force, remained at 1.2%.
The Labor Department reported that initial jobless claims remained unchanged last week as claims remain locked in a tight range since the first week of February. The data shows no evidence of increasing layoffs or increasing friction against people finding a new job after losing one. First time claims in regular state programs recorded 208,000 for the week ending April 27th after the prior week’s report of 208,000. The four-week moving average declined to 210,000 from 213,500 the prior week. Continuing claims, which include people who have received unemployment benefits for a week or more, also remained unchanged at 1.774 million for the week ending April 20th. The insured unemployment rate, the number of people currently receiving unemployment insurance as a percentage of the labor force, remained at 1.2%.
The Labor Department reported that initial jobless claims unexpectedly declined last week, indicating a resilient labor market continues to show strength. Claims have been in an extremely narrow range since the beginning of February. First time claims in regular state programs recorded 207,000 for the week ending April 10th after the prior week’s report of 212,000. The four-week moving average declined to 213,250 from 214,500 the prior week. Continuing claims, which include people who have received unemployment benefits for a week or more, decreased 15,000 to 1.781 million for the week ending April 14th. The insured unemployment rate, the number of people currently receiving unemployment insurance as a percentage of the labor force, remained at 1.2%.
The Labor Department reported that initial jobless claims remained unchanged last week, suggesting the labor market is healthy even as announcements picked up in March. Claims jumped in California as a result of a recent minimum wage hike, but were offset by a decline in claims in the other states. Claims have been in an extremely narrow range since the beginning of February between 210k and 213k. In fact, claims have printed exactly 212k in five of the past six weeks. First time claims in regular state programs recorded 212,000 for the week ending April 14th after the prior week’s report of 212,000. The four-week moving average remained unchanged at 214,500. Continuing claims, which include people who have received unemployment benefits for a week or more, increased 2,000 to 1.812 million for the week ending April 7th. The insured unemployment rate, the number of people currently receiving unemployment insurance as a percentage of the labor force, remained at 1.2%.
The Labor Department reported that initial jobless claims fell last week, even as announcements picked up in March. It has been expected that layoffs will increase as a consequence of a pullback due to inflation fatigued consumers. It is becoming evident that businesses are not laying off employees, but preserving margin through increases in productivity and reducing labor costs through shorter hours and part-time employment to mitigate slack. First time claims in regular state programs recorded 211,000 for the week ending April 7th after the prior week’s report of 222,000. The four-week moving average edged down to 214,250 from 214,500 the prior week. Continuing claims, which include people who have received unemployment benefits for a week or more, increased 28,000 to 1.817 million for the week ending March 30th. The insured unemployment rate, the number of people currently receiving unemployment insurance as a percentage of the labor force, remained at 1.2%.