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U.S. unemployment claims hit three-month low

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected and hit a three-month low last week, a sign of strength in a labor market that has been hobbled by severe weather. Initial claims for state unemployment benefits dropped 26,000 to a seasonally…

New claims for U.S. unemployment insurance fell last week

New claims for US unemployment insurance fell last week, according to government data released on Thursday that pointed to the slowly recovering jobs market. First-time jobless claims fell to 326,000 in the week ending January 11, from the prior week’s downwardly revised figure of 328,000, the Labor Department said. Last…

U.S. unemployment rate falls to 6.7 percent despite weak job growth

The US economy added just 74,000 jobs in December, but the overall unemployment rate continued to fall, hitting 6.7 percent, the lowest since October 2008, the Labor Department said Friday. The job creation figure, watched more closely as a sign of the health of the economy, was far less than…

Unemployment claims in the U.S. rise for second week in row

First-time claims for US unemployment benefits rose for the second consecutive week last week, hitting a nine-month high during the year-end holiday season, government data released Thursday showed. Initial jobless claims, a sign of the pace of layoffs, rose to 379,000 in the week ending December 14 from a revised…

Jobs report buoys strong U.S. stock showing

US stocks ended sharply higher Friday after a strong jobs report fueled expectations that the Federal Reserve will begin to reduce its huge stimulus soon. The Dow Jones Industrial Average gained a hefty 198.69 points (1.26 percent) at 16,020.20. The broad-based S&P 500 advanced 20.06 (1.12 percent) to 1,805.09, while…

U.S. economy adds surprise 204,000 jobs in October

The US economy added a surprise 204,000 jobs in October despite the government shutdown, double what analysts forecast, the Labor Department reported Friday. With revisions that added 60,000 net new jobs to the previous two months’ numbers, the data painted a better picture than expected of job growth in the…

Unemployment claims edge higher

US claims for unemployment insurance rose slightly last week but continued to point to a slowly improving job market, government data released Thursday showed. Initial jobless claims increased to 308,000 for the week ending September 28 from the prior week’s revised figure of 307,000, the Labor Department reported. The slight…

Fewer layoffs, but unemployment claims still rise

New claims for US unemployment benefits rose modestly last week but the overall trend showed fewer layoffs, government data released Thursday showed. Initial jobless claims totaled 309,000 in the week ending September 14, up by 15,000 from the prior week’s revised 294,000 reading, the Labor Department said. The increase was…

The ‘sharp decline’ in U.S unemployment was actually a glitch

US jobless claims fell sharply last week mainly due to technical problems that affected some states supplying data, the government said Thursday. Initial claims for unemployment benefits dived by 31,000 to 292,000 in the holiday-shortened week ending September 7, the Labor Department reported. Analysts had expected new claims, a sign…

Analysts surprised as jobless claims fall

Americans filed fewer claims for unemployment benefits last week as the pace of layoffs continued to slacken, government data released Thursday showed. Initial jobless claims totaled 323,000 in the week ending August 31, a decline of 9,000 from the prior week’s revised reading of 332,000, the Labor Department said. The…

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