Posts Tagged ‘claims



11
Feb
11

charting progress

Marketwatch: New applications for regular state unemployment-insurance benefits moved below the closely watched level of 400,000 claims this week, cheering economists who say the data signal a strengthening employment environment. Initial claims for benefits fell 36,000 to a seasonally adjusted 383,000 in the week ended Feb. 5, the lowest level since July 2008, according to the Labor Department.

****

Slowly but surely …. check those unemployment figures when Bush left office.

10
Feb
11

inch by inch

Bloomberg: The number of Americans filing first-time claims for unemployment insurance fell to the lowest since July 2008 last week, showing further strength in the labor market after the jobless rate declined to a 21-month low.

Applications for jobless benefits decreased by 36,000, more than forecast, to 383,000 in the week ended Feb. 4, Labor Department figures showed today. Economists forecast claims would fall to 410,000…

A slowdown in firings means U.S. companies may begin creating enough jobs to keep unemployment going down after the rate’s biggest two-month decline since 1958.

….Fed Chairman Bernanke told the House Budget Committee yesterday that while the declines in the jobless rate in December and January “do provide some grounds for optimism,” companies need to hire more to reduce joblessness. “With employers reportedly still reluctant to add to their payrolls, it will be several years before the unemployment rate has returned to a more normal level,” Bernanke said…..

20
Jan
11

slowly, surely

The Hill: Initial claims for unemployment dropped unexpectedly last week providing another signal that the job market is improving although at a slow pace.

Claims dropped by 37,000 to 404,000 in the week ended Jan. 15 from the previous week’s revised 441,000, the largest drop since February 2010, the Labor Department said Thursday.

The four-week moving average was 411,750, a better gauge than the weekly figures, a decrease of 4,000 from the previous week’s revised average of 415,750.

Small and large businesses have said they would accelerate hiring this year, and other sectors in the economy, such as the manufacturing sector and consumer spending have show positive signs of growth that could propel job creation….

Full article here

Graph from here

08
Dec
10

resolution

President Barack Obama signs the Claims Resolution Act of 2010 in the South Court Auditorium of the Eisenhower Executive Office Building, December 8


Last month: The U.S. Senate approved a $1.15 billion measure to fund a settlement initially reached between the Agriculture Department and minority farmers more than a decade ago.

The 1997 Pigford v. Glickman case against the U.S. Agriculture Department was settled out of court 11 years ago. Under a federal judge’s terms dating to 1999, qualified farmers could receive $50,000 each to settle claims of racial bias.

Officials are still working to resolve similar discrimination lawsuits filed against the U.S. Department of Agriculture by women and Latino farmers.

The Senate also cleared – in the same piece of legislation – $3.4 billion to fund a separate settlement reached with the Department of Interior for the mishandling of a trust fund managed for Native Americans. The bill also includes settlements for four water-right lawsuits filed by Native American tribes.

Prominent members of both parties have voiced support for paying out the settlements.

28
Oct
10

jobless claims lowest for three months

Bloomberg: Claims for jobless benefits unexpectedly dropped last week to a three-month low, a sign the U.S. labor market may be starting to mend.

Initial jobless claims decreased by 21,000 to 434,000 in the week ended Oct. 23, the lowest since early July when fewer auto plants than normal closed for retooling, Labor Department figures showed today in Washington. The total number of people receiving unemployment insurance dropped to a two-year low, while those getting extended payments also fell.

Consumer spending, which accounts for about 70 percent of the economy, is beginning to stir and may give employers reason to add workers ahead of the holiday shopping season. Fewer firings are an initial step toward more hiring as companies such as Ford Motor Co. see sales improve.

“Certainly these are encouraging numbers,” said Brian Jones, senior economist at Societe Generale SA in New York…….

…….Economists forecast claims would increase to 455,000

07
Oct
10

progress

WSJ: In a good sign for the job market, the number of U.S. workers filing new claims for jobless benefits unexpectedly fell last week to their lowest level since July 10.

Initial unemployment claims dropped by 11,000 to 445,000 in the week ended Oct. 2, the Labor Department said in its weekly report Thursday. New claims for the previous week, ended Sept. 25, were revised upward slightly to 456,000 from 453,000.

Economists polled by Dow Jones Newswires had predicted new claims would rise by 2,000.

30
Sep
10

looking up

WASHINGTON (Reuters) – New claims for unemployment benefits plunged by 16,000 last week to 453,000, the Labor Department said on Thursday, a steeper fall than had been anticipated in a sign that labor markets may be strengthening modestly.

Analysts polled by Reuters had forecast that claims would come in at 460,000. The government revised the prior week’s figure up to 469,000 claims.

The four-week moving average of claims, considered a better measure of underlying labor market trends, fell 6,250 to 458,000, its lowest level since July 24.

(It’s funny, this news hasn’t appeared yet on politico.com – when new jobless claims last rose it was their headline story…instantly. Update: ah, they finally mentioned the news, four hours after it appeared on the Time site. But it’s not the headline, it’s just linked in their sidebar. They must think it’s bad news 😉

15
Jul
10

relax – i got this

Michigan, July 2010

CNN: The number of Americans filing for initial unemployment insurance dropped to the lowest level in nearly two years last week … the number of claims was much lower than expected … Craig Thomas, senior economist at PNC Financial Services: “It looks like now we’re creating jobs at a pace that will actually put a dent in the unemployment rate.”

… and…

The U.S. Senate today passed a sweeping bank regulation bill that will make major changes to the U.S. financial system. The legislation cracks down on banks and Wall Street in the hopes of avoiding another major financial meltdown. The bill has been President Obama’s top domestic priority after the passage of health care legislation.




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