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Keyword: jobless

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  • 8.2%

    07/06/2012 5:32:09 AM PDT · by rawhide · 47 replies
    Drudge ^ | 7-6-12
  • Gloom: Q1 GDP final at 1.9%, jobless claims at 386,000

    06/28/2012 11:57:34 AM PDT · by SeekAndFind · 1 replies
    Hotair ^ | 06/28/2012 | Ed Morrissey
    Two big economic indicators got released by the government today, including the final estimate of gross domestic product in Q1 of this year. The annualized GDP rate remained unchanged from the second (interim) estimate at 1.9%, well below 2011Q4′s 3.0%: Real gross domestic product — the output of goods and services produced by labor and property located in the United States --- increased at an annual rate of 1.9 percent in the first quarter of 2012 (that is, from the fourth quarter to the first quarter), according to the "third" estimate released by the Bureau of Economic Analysis. In the...
  • Weekly US unemployment aid applications decline but not enough to signal stronger hiring

    06/28/2012 5:46:11 AM PDT · by Perdogg · 19 replies
    The number of people seeking U.S. unemployment benefits fell last week, but the level of applications remains too high to signal a pickup in hiring. The Labor Department said Thursday that weekly applications fell to a seasonally adjusted 386,000. Thats down from 392,000 the previous week, which was revised up. The four-week average, which smooths week-to-week fluctuations, was mostly unchanged at 386,750.
  • US unemployment aid applications little changed at 387,000, suggesting hiring will stay weak

    06/21/2012 5:59:13 AM PDT · by Perdogg · 20 replies
    The number of people seeking U.S. unemployment benefits dipped last week but not by enough to indicate hiring will pick up. Weekly applications for unemployment aid declined by 2,000 to a seasonally adjusted 387,000, the Labor Department said. Thats down from an upwardly revised 389,000.
  • WaPo wonders: What will hundreds of thousands of job permits do to the economy?

    06/17/2012 6:29:39 AM PDT · by SeekAndFind · 52 replies
    Hotair ^ | 06/16/2012 | Ed Morrissey
    I asked the same question in an update to Erika’s post on Barack Obama's unilateral move to accommodate young illegal immigrants by refusing to deport them and issue them temporary work permits instead. With potentially as many as 800,000 new workers flooding into the system, what happens to the millions of Americans who can't find work now? The Washington Post wonders the same thing, and more: President Obama has just opened a floodgate of opportunity for young illegal immigrants in the United States, but could it squeeze the aspirations of legal Americans in the process? ...Under the new policy, as...
  • Weekly jobless claims drop after weekly upward revision (377,000 week ending 06/03/2012)

    06/07/2012 6:47:35 AM PDT · by SeekAndFind · 21 replies
    Hotair ^ | 06/07/2012 | Ed Morrissey
    The only thing more amusing than the weekly upward revisions in the initial weekly jobless claims are the media reports of significant drops afterward. Today's case in point is the "drop" to 377,000 from last week's 383,000, which got revised upward to 389,000 ... the 64th upward revision in 65 weeks: In the week ending June 2, the advance figure for seasonally adjusted initial claims was 377,000, a decrease of 12,000 from the previous week's revised figure of 389,000. The 4-week moving average was 377,750, an increase of 1,750 from the previous week's revised average of 376,000.The advance seasonally adjusted...
  • These Are The Reasons US Companies Are Terrified Of Hiring Right Now

    06/03/2012 6:29:45 AM PDT · by SeekAndFind · 21 replies
    Business Insider ^ | 06/03/2012 | AP
    NEW YORK (AP) Business has picked up. Yet American companies are too nervous to step up hiring. The economy seems so gripped by uncertainties that many employers have decided to manage with the staff they have. They aren't convinced their customer demand will keep growing. Or they worry that Europe's festering debt crisis could infect the global economy. Or they aren't sure what Congress will do, if anything, about taxes and spending in coming months. All that helps explain why U.S. employers added just 69,000 jobs in May, the fewest in a year and the third straight month of...
  • Wall St boosts QE3 expectations after May jobs data

    06/02/2012 6:32:33 AM PDT · by TigerLikesRooster · 22 replies
    Reuters ^ | 06/02/12 | Chris Reese
    Wall St boosts QE3 expectations after May jobs data By Chris Reese NEW YORK | Sat Jun 2, 2012 7:49am IST (Reuters) - Wall Street economists see an increased chance the Federal Reserve will launch another round of monetary stimulus to support the U.S. economy, following data showing jobs growth slowed markedly for a third straight month in May. The median of forecasts from 15 primary dealers - the large financial institutions that do business directly with the Fed - gave a 50-percent chance the central bank would eventually launch another round of quantitative easing, known as QE3. A similar...
  • Broader Jobless Rate Jumps to 14.8%

    06/01/2012 10:25:29 AM PDT · by SteelToe · 4 replies
    The Wall Street Journal ^ | June 1, 2012 | Phil Izzo
    The U.S. unemployment rate ticked up to 8.2% in May and a broader measure rose even more to 14.8%. But the increases belied a slightly positive trend. The increase in the jobless rate primarily came from people returning to the labor force. The unemployment rate is calculated based on people who are without jobs, who are available to work and who have actively sought work in the prior four weeks. The actively looking for work definition is fairly broad, including people who contacted an employer, employment agency, job center or friends; sent out resumes or filled out applications; or answered...

    Developing. Analysts expect to see 370K weekly claims. That would exactly be in line with last week's 370K. The number is one of the best high-frequency predictors of the economy and the market, so this is big. If this stays tame, it will do a lot to assure that things aren't deteriorating too badly. UPDATE: The number is 383K, a miss from an upwardly revised.
  • Weekly Jobless Claims Fall Slightly

    05/24/2012 6:42:07 AM PDT · by John W · 49 replies
    Reuters via FOX Business ^ | May 24, 2012 | Reuters
    New U.S. claims for unemployment benefits fell slightly last week, government data on Thursday showed, suggesting the labor market continues to expand at a moderate pace. Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 370,000, the Labor Department said. The prior week's figure was revised up to 372,000 from the previously reported 370,000. Economists polled by Reuters had forecast claims unchanged last week. Claims have barely budged in the past four weeks indicating a marginal improvement in the pace of job creation after April's disappointing 115,000 gain in nonfarm payrolls.
  • Romney vows to lower jobless rate in first term to 6 percent

    05/23/2012 4:11:33 PM PDT · by Libloather · 34 replies
    The Hill ^ | 5/23/12 | Jonathan Easley
    Romney vows to lower jobless rate in first term to 6 percentBy Jonathan Easley - 05/23/12 02:01 PM ET Mitt Romney says his administration would lower the unemployment rate to 6 percent by the end of his first term. I can tell you that over a period of four years, by virtue of the policies that wed put in place, wed get the unemployment rate down to 6 percent, and perhaps a little lower, Romney says in a Time magazine interview. The 6 percent prediction is a bold claim that Romney will surely be held to by Democrats if hes...
  • High Unemployment: Structural or Cyclical? (Temporary or Permanent?)

    05/22/2012 4:22:33 AM PDT · by SeekAndFind · 7 replies
    RealClearMarkets ^ | 05/22/2012 | By Gary Burtless
    Unemployment is edging down, but the fraction of the unemployed who have been idle more than year remains near a record high. In the first three months of the year about 30% of the unemployed - more than 3.9 million people - had been jobless for a year or longer. Before the Great Recession the post-war record for long-term unemployment was set in Ronald Reagan's first term. Even at the worst stage of that slump, however, only about 14% of the unemployed were out of work for more than a year. The increase in long-term unemployment has raised the specter...
  • Obamas remarks on worst job growth: Did he end it or should he own it? ( FAIL!)

    05/21/2012 8:57:39 AM PDT · by Para-Ord.45 · 3 replies ^ | May 21 2012 | Josh Hicks
    WaPo tried HARD to vary the results in attempts to soften the disaster their messiah is but here`s the jobs numbers during their Presidencies, the only numbers that count: " Obama worse than Bush Bushs entire tenure: +11,400 jobs per month Obamas entire tenure: -14,300 jobs per month " .
  • U.S. jobless claims unchanged at 370,000

    05/17/2012 5:36:22 AM PDT · by John W · 47 replies ^ | May 17, 2012 | Jeffry Bartash
    WASHINGTON (MarketWatch) - The number of Americans who filed requests for jobless benefits was unchanged last week at 370,000, the U.S. Labor Department said Thursday. Claims from two weeks ago were revised up to 370,000 from an initial reading 367,000. Economists surveyed by MarketWatch had projected claims would fall to 365,000 on seasonally adjusted basis in the week ended May 12.
  • Another IncreaseJobless Claims, Another Adjustment to Last Week's #s-Make it Look Good for BO

    05/17/2012 5:37:55 AM PDT · by Reagan69 · 10 replies
    Marketwatch ^ | 05-17-12 | Jeffry Bartash
    The number of Americans who filed requests for jobless benefits was unchanged last week at 370,000, the U.S. Labor Department said Thursday. Claims from two weeks ago were revised up to 370,000 from an initial reading 367,000.
  • Long-Term Unemployment Benefits Expire For 93,000 Californians

    05/12/2012 12:52:46 PM PDT · by BenLurkin · 38 replies
    CBS) ^ | May 12, 2012 8:22 AM
    HARVARD HEIGHTS (CBS) Across the state Saturday, an estimated 93,000 Californians will join thousands of others whose unemployment benefits have run out. With Californias unemployment rate dropping to 11 percent, the states long-term unemployed will now qualify to receive for 79 weeks of assistance as opposed to the 99 weeks which were previously offered. Cristy Fajardo, reporting for CBS2 and KCAL9, spoke with Brenda Callahan-Johnson of Merced County Community Action, who says that a lot of people are unaware that they will be losing their benefits. A lot of these people are not gonna know that theyre not getting...
  • Have Republicans No Sympathy For the Jobless?

    05/12/2012 7:59:16 AM PDT · by CHRISTIAN DIARIST · 54 replies
    The Christian Diarist ^ | May 12, 2012 | JP
    Im a Republican. Im also a compassionate conservative. Thats why Im troubled by remarks this week by Maine Gov. Paul LePage suggesting that the unemployed are jobless by choice. To all you able-bodied people out there, he said, during a speech at his state party convention, Get off the couch, and get yourself a job. Well, I understand that the cost of providing unemployment benefits to Maines 51,000 jobless is taxing the states treasury. But, I simply dont believe that most of those out of work in the Pine Tree State including the able-bodied of whom LePage spoke prefer...
  • Bye bye unemployment benefits (states roll off the federal extended benefits program - 200,000 hit)

    05/11/2012 10:44:44 PM PDT · by Libloather · 45 replies
    CNN ^ | 5/11/12 | Tami Luhby
    Bye bye unemployment benefitsBy Tami Luhby @CNNMoney May 11, 2012: 3:17 PM ET NEW YORK (CNNMoney) -- More than 200,000 long-term jobless Americans will lose their unemployment checks this week, when eight states roll off the federal extended benefits program. Nearly half of them live in California, and the rest reside in Florida, Illinois, North Carolina, Colorado, Connecticut, Pennsylvania and Texas. The federal extended benefits program has provided the jobless with up to 20 weeks of unemployment checks after they've run through their state and their federal emergency benefits, which together last up to 79 weeks. But the extended benefits...
  • Blunt questions DOL media policy

    05/11/2012 3:26:15 PM PDT · by ding_dong_daddy_from_dumas · 8 replies
    Washington Examiner ^ | May 10, 2012 | Mark Tapscott
    "Does DOL believe that the new policy is consistent with the First Amendment? What precedents exist for forcing journalists to utilize government-owned systems and networks to report the news," Sen. Roy Blunt, R-MO, asked Secretary of Labor Hilda Solis in a letter today.