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Unemployment claims fall for the third week in a row
New claims for US unemployment benefits fell last week for the third week in a row, signaling continuing improvement in the troubled jobs market, Labor Department data released Thursday showed. Jobless claims, an indicator of the pace of layoffs across the country, totaled 332,000 in the week ending March 9,…
Fiscal cliff: America goes to the brink, but millions already fell into poverty
Whatever the outcome of the political haggling, Congress has failed the 50 million Americans below the bread line The one comfort of government incompetence is that it is never a surprise: it is, if anything, a starting point for the public’s expectations of Washington. Still, even that certainty doesn’t pay…
Georgia ignores federal order, withholds unemployment benefits from public employees
Georgia flouts federal order, withholds lunch ladies' unemployment benefits Georgia has set up a showdown with the Obama administration over how deeply states can cut jobless benefits by refusing to give school bus drivers and lunch ladies unemployment benefits during their summer breaks. The issue echoes beyond Georgia because other states…
More protests in Spain amid escalating financial crisis
Thousands of jobless Spaniards marched through Madrid Saturday in the latest angry demonstrations against economic crisis cuts, as fears rose for the country’s financial stability. Young people thrown out of work by the recession converged on the capital, many of them having hiked hundreds of miles from around Spain, and…
U.S. unemployment claims remain unchanged
New claims for US unemployment benefits were unchanged last week from the week before amid a slowly recovering jobs market, official data showed Thursday. Initial jobless claims totaled 370,000 in the week ending May 12, matching the previous week’s upwardly revised figure, the Labor Department said. The flat reading broke…
UK government under fire over ‘slave labor’ job scheme
The government was accused this week of introducing “slave labour” through a scheme that can see unemployed youngsters lose their benefits if they quit a work experience placement. The ten-month-old voluntary programme, part of Prime Minister David Cameron’s welfare reforms, is intended to help the record number of jobless youths…
Jobless claims at lowest since Obama took office
The number of people seeking unemployment benefits has fallen to its lowest since March of 2008, the Associated Press reported Thursday morning. The national economy added 243,000 jobs in January, lowering the employment rate to 8.3 percent, according to the Department of Labor. A government report noted that weekly unemployment…
U.S. jobless claims may confirm improving labor market
New claims for US unemployment benefits rose for the first time in four weeks, but the trend still pointed to a steady decline in job layoffs across the country, the Labor Department said Thursday. Initial jobless claims climbed to 381,000 in the week ending December 24, an increase of 15,000…
Rep. Van Hollen blasts GOP over drug testing the jobless
Rep. Chris Van Hollen (D-MD) on Sunday slammed House Republicans for proposing that those who receive federal unemployment benefits should be forced to undergo drug testing. “I think the drug testing thing is a red herring,” he told C-SPAN’s Newsmakers. “The reality is that people are not out of work…
Jobless claims drop to 3.5 year low
WASHINGTON (Reuters) – New U.S. claims for unemployment benefits dropped to a 3-1/2 year low last week, a government report showed on Thursday, suggesting the labor market recovery was gaining speed. Initial claims for state unemployment benefits dropped 19,000 to a seasonally adjusted 366,000, the Labor Department said. That was…
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