Employment/Unemployment Figures

U.S. jobless claims jump to highest level since mid-November

U.S. jobless claims jump to highest level since mid-November

The numbers: Initial jobless claims rose by 23,000 to 230,000 in the week ended Jan. 8, the U.S. Labor Department said Thursday.  It’s the highest level since mid-November. Economists polled by The Wall Street Journal had estimated new claims would slip to 200,000. Key details: The number of people already collecting jobless benefits plunged by 194,000 …

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'Frankly, I'm surprised by how little yields moved' since Fed minutes, with the jobs report looming

‘Frankly, I’m surprised by how little yields moved’ since Fed minutes, with the jobs report looming

In a somewhat sedate next-day reaction to the Federal Reserve’s December meeting minutes, bond traders took in the notion of a more aggressive Federal Reserve prepared to swiftly abandon easy policy. The rather ho-hum response could be seen in Thursday’s modest Treasury selloff, which sent yields up by only a handful of basis points or …

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‘A job is not just a job’: Why some unemployed people aren’t jumping at job openings

‘A job is not just a job’: Why some unemployed people aren’t jumping at job openings

When Jaime Reuter, 24, was laid off from as a part-time office manager at Merrill Lynch BAC, +0.50% in January 2020, they never imagined it would take more than a year and a half to find another job. For the next two months Reuter, who uses they/them pronouns, applied nonstop for new jobs outside of …

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Opinion: The growth gap is widening at the expense of states with lower vaccination rates

Opinion: The growth gap is widening at the expense of states with lower vaccination rates

The last decade saw considerable concern over rising income inequality in the United States. Over the past few years, several researchers, including my colleagues and I at Ball State University, have argued that regional inequality is an equal if not more pressing worry than widening income inequality between individuals.  Counties in the U.S. have been …

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Delta damage? Economy added lackluster 374,000 private jobs in August, ADP says

Delta damage? Economy added lackluster 374,000 private jobs in August, ADP says

The numbers: Businesses in the U.S. created a lackluster 374,000 new jobs in August, a new ADP survey found, suggesting the delta strain of the coronavirus depressed hiring last month. Read: Consumer confidence sinks to 6-month low on delta anxiety and high inflation The increase in private-sector jobs was weaker than expected. Economists surveyed by The …

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U.S. stock indexes set to pause after records as investors assess jobless claims, GDP revision

U.S. stock indexes set to pause after records as investors assess jobless claims, GDP revision

U.S. stock indexes were set to open flat to lower on Thursday as investors waited for data on second quarter economic growth and on weekly jobless benefit claims. Stocks were largely steady in pre-market trade after closing further in record territory Wednesday, with the S&P 500 index notching its 51st record high of 2021, matching …

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If your employer fires you because you won’t get the COVID vaccine, don’t expect to collect unemployment

Each day more employers are telling employees they need to be vaccinated against COVID-19 to work in person or risk being fired. On Thursday CNN revealed it had fired three unvaccinated employees for violating the company’s vaccine requirement for in-person workers, according to an internal memo signed by Jeff Zucker, the cable network’s president, and …

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Dow, S&P 500 push toward new record highs Friday after stronger-than-expected jobs report

Dow, S&P 500 push toward new record highs Friday after stronger-than-expected jobs report

The Dow and the S&P 500 index were trading in record territory Friday afternoon after the monthly U.S. jobs report came in better than expected, as the economy continues to recover from the COVID-19 pandemic and investors shake off delta variant concerns. Consumer discretionary shares and technology stocks were being hurt by a rise in …

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U.S. gains 850,000 new jobs in June in sign of strength for the economy

The numbers: The U.S. created 850,000 new jobs in June as the economy perked up and companies rushed to add more workers. The increase in hiring last month easily exceeded Wall Street’s estimate. Economists polled by The Wall Street Journal had forecast 706,000 new jobs. Most of the new jobs were clustered in service-oriented positions …

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