The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, indicating that the labor market remains tight even as job growth is slowing. Initial claims for state unemployment benefits dropped 12,000 to a seasonally adjusted 237,000 for the week ended July 8, the Labor Department said on Thursday. The Federal Reserve’s “Beige Book” report on Wednesday described demand for labor as having “remained healthy” in June with pockets of worker shortages in health care, transportation and hospitality as well as high-skilled positions.
— Read on ca.finance.yahoo.com/news/us-weekly-jobless-claims-unexpectedly-124211744.html
Tag: US Jobs
US applications for jobless benefits fall again as labor market continues to defy the Fed actions
The number of Americans applying for jobless benefits fell again last week as the labor market continues defy the Federal Reserve’s attempt to cool it through higher interest rates. U.S. applications for jobless claims fell by 12,000 to 237,000 for the week ending July 8, from 249,000 previous week, the Labor Department reported Thursday. The four-week moving average of claims, which smooths out some of the week-to-week ups and downs, fell by 6,750 to 246,750. Jobless claim applications are seen
— Read on ca.finance.yahoo.com/news/us-applications-jobless-benefits-fall-123956262.html
U.S. job growth disappoints in challenge to economic recovery – BNN Bloomberg
U.S. job growth disappoints in challenge to economic recovery – BNN Bloomberg
— Read on www.bnnbloomberg.ca/u-s-job-growth-disappoints-in-challenge-to-economic-recovery-1.1600596
November jobs report: Jim Cramer, others break down economic data
The U.S. economy added only 245,000 jobs in November. Six experts discuss what the number means for the economy heading into 2021.
— Read on www.cnbc.com/2020/12/04/november-jobs-report-jim-cramer-others-break-down-economic-data.html