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Keyword: unemployment

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  • Number of workers receiving unemployment benefits falls to lowest level in 44 years

    01/11/2018 7:59:21 AM PST · by SeekAndFind · 12 replies
    Washington Examiner ^ | 01/10/2018 | by Joseph Lawler
    The total number of workers receiving unemployment benefits fell to the lowest level in 44 years to end 2017, the Department of Labor reported Thursday. Altogether, 1.87 million people received unemployment insurance benefits in the last week of the year, the lowest such seasonally-adjusted mark since December of 1973. Benefits are available for up to 26 weeks in most states. The low number of people utilizing unemployment insurance is a good sign for the economy. Fewer people seeking unemployment benefits suggests that fewer people are getting laid off. Total claims have scraped the lowest levels in decades several times in...
  • President Trump 'So Happy' Black Unemployment Rate At A Historic Low

    01/06/2018 7:10:06 PM PST · by E. Pluribus Unum · 17 replies
    National Propaganda Radio ^ | January 6, 2018 | BRAKKTON BOOKER
    President Trump took to Twitter on Saturday to highlight the historic drop in the unemployment rate among African-Americans, a day after the Bureau of Labor Statistics announced that the rate fell below 7 percent for the month of December — the lowest mark for black Americans since the bureau began tracking the data in the early 1970s. "The African American unemployment rate fell to 6.8%, the lowest rate in 45 years. I am so happy about this News! And, in the Washington Post (of all places), headline states, 'Trumps first year jobs numbers were very, very good.' " Donald J....
  • Black unemployment rate falls to record low

    01/05/2018 8:06:09 AM PST · by E. Pluribus Unum · 31 replies
    CNBC ^ | 2018-01-05 | Liz Moyer
    Bureau of Labor Statistics reports 6.8 percent unemployment rate for black workers in December, lowest in the 45 years the data has been tracked. Unemployment overall was 4.1 percent. Unemployment among black workers is at its lowest since at least the early 1970s, when the government began tracking the data. The black unemployment rate of 6.8 percent in December was the lowest since the Bureau of Labor Statistics started tracking it in 1972, a year in which the rate ranged from 11.2 percent and 9.4 percent. In the 45 years the data has been tracked, the unemployment rate for black...
  • African-American unemployment hits lowest rate in history

    01/05/2018 6:54:33 AM PST · by GonzoII · 66 replies
    AP/American Thinker ^ | January 5, 2018 | Thomas Lifson
    It has taken less than one year of Trump regulation-cutting, and just the prospect of tax reform, to create the best employment prospects for African-Americans in history, according to employment data just released this morning. Christopher Rugaber of the Associated Press reports: The unemployment rate remained 4.1 percent for a third straight month, the lowest level since 2000, the Labor Department said Friday.
  • Job-cut announcements in 2017 see lowest level since 1990, Challenger report says

    01/04/2018 9:29:44 AM PST · by gubamyster · 4 replies
    CNBC ^ | 01/04/2018 | Chloe Aiello
    U.S. employers announced plans to cut 32,423 jobs in December, bringing the year's total to a low not seen since 1990, global outplacement consultancy Challenger, Gray & Christmas reported Thursday. "The tight labor market, coupled with uncertainty surrounding health care and tax legislation, possibly kept employers from making any long-term staffing decisions this year," CEO John Challenger said in a statement. "However, 2018 may see an increase in job cut announcements, as companies realign with consumer demand." Cuts in 2017 totaled 418,770, 20 percent below 2016's number. In 1990, companies announced plans to cut 316,047 jobs. Last month saw 7.4...
  • Macron under fire over plans to slash benefits for unemployed who refuse work in France

    12/28/2017 6:31:07 AM PST · by Olog-hai · 8 replies
    TheLocal.fr ^ | 28 December 2017 09:37 CET+01:00 | AFP
    French President Emmanuel Macron has come under fire over his policy on jobless benefits after a press leak pointed to plans to tighten monitoring of people on the dole. The investigative weekly Canard Enchainé, citing an internal memo, said those receiving jobless benefits would be required to submit a monthly report on their job-hunting efforts. Politicians both to the left and the right of the centrist president assailed the idea of a monthly reporting requirement, with the Socialist Party tweeting that it was first mooted by the head of the employers’ federation, Pierre Gattaz. But Macron defended the plan in...
  • Alabama unemployment rate tied with record low

    12/27/2017 6:15:16 AM PST · by rlbedfor · 12 replies
    http://www2.labor.alabama.gov/LAUS/clfbycnty.aspx
  • The First Black President? Black Unemployment Levels Near All-Time Lows

    12/20/2017 6:30:59 PM PST · by MountainWalker · 8 replies
    Ace of Spades HQ ^ | 12/20/2017 | Ace of Spades
    This racist president is oppressing vulnerable communities of color with steady work. Here's a story you were very unlikely to see on CNN, MSNBC, in the New York Times or the Washington Post. As much as low unemployment numbers are a non-story for much of the MSM as long as there’s a Republican in the White House, one specific segment of the employment forces is making inroads rarely, if ever, seen before. Unemployment among black Americans has been hovering at or just above seven percent for past couple of months. That's still shamefully worse than the overall unemployment figure,...
  • Nolte: 7 Amazing Facts About Trump’s Economy Media Don’t Want You to Know

    12/19/2017 9:46:46 AM PST · by davikkm · 17 replies
    breitbart ^ | JOHN NOLTE
    Now that we are a full year into President Trump’s increasingly consequential first term, it is long past time to give him complete ownership of the American economy. If it seems odd to do so after only a year, that is due to former President Barack Obama, who never stopped blaming his predecessor for a recovery that never arrived because Obama could not stop sabotaging it with his anti-growth policies and anti-free market rhetoric. Even lying conspiracy theorists in the media and Democrat Party backed by a special prosecutor, even the gale force wind of hate and lies, have not...
  • Black Unemployment Rate Lowest in 17 Years

    12/18/2017 12:17:18 PM PST · by gubamyster · 42 replies
    CNSNews.com ^ | 12/18/2017 | Michael W. Chapman
    According to the Bureau of Labor Statistics( BLS), the unemployment rate for black Americans is the lowest it has been since the year 2000, 17 years ago. In November, the national unemployment rate for black Americans, ages 16 and over, was 7.3%. The last time it was 7.3% was in the year 2000, during the months September, October and November. During the Bush and Obama years (2001 -2016), the black unemployment rate fluctuated between 7.7% and a high of 16.8%. Back in September 2017, the rate was 7.0%, a low that had not been seen since April of 2000. Prior...
  • U.S. jobless claims fall in latest week

    12/14/2017 3:54:24 PM PST · by gubamyster · 2 replies
    Reuters ^ | 12/14/2017 | Reporting By Lucia Mutikani Editing by Chizu Nomiyama
    WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell last week, a government report showed on Thursday. Initial claims for state unemployment benefits declined by 11,000 to a seasonally adjusted 225,000 for the week ended Dec. 9 from an unrevised 236,000 the week before, the Labor Department said. Economists polled by Reuters had forecast claims rising to 239,000 in the latest week. The 4-week moving average was 234,750, a decrease of 6,750 from the previous week’s unrevised average of 241,500.
  • Home Depot just showed who will gain the most from corporate tax cuts

    12/08/2017 11:10:51 AM PST · by spintreebob · 99 replies
    WAPO ^ | 12-7-2017 | David J. Lynch
    With unemployment low and demand for new homes high, a company like Home Depot could be spending most of its surplus billions on raises for workers or the rollout of new stores. Instead, it is using $15 billion to buy back shares of its own stock, a move that will reward shareholders including chief executive Craig Menear. Home Depot’s statement was a reminder that corporate America may have other plans for that cash. Several companies already have indicated that they will use excess funds to pay off debt, increase dividend payments or repurchase their own shares rather than create new...
  • US weekly jobless claims total 236,000 vs 240,000 expected

    12/07/2017 7:03:15 AM PST · by gubamyster · 9 replies
    CNBC ^ | 12/07/2017
    The number of Americans filing for unemployment benefits unexpectedly fell last week, suggesting a rapid tightening of the labor market. Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 236,000 for the week ended Dec. 2, the Labor Department said on Thursday. Data for the prior week was unrevised. It was the third straight weekly decline in claims. Economists polled by Reuters had forecast claims rising to 240,000 in the latest week. Last week marked the 144th straight week that claims remained below the 300,000 threshold, which is associated with a strong labor market. That is the...
  • Jobless claims fall slightly in Thanksgiving week, layoffs remain near 45-year low

    11/30/2017 8:42:05 AM PST · by SeekAndFind · 4 replies
    Morningstar ^ | 11/30/2017 | By Jeffry Bartash, MarketWatch
    Initial jobless claims drop 2,000 to 238,000; Puerto Rico plunge The numbers: Initial U.S. jobless claims, a tool to measure layoffs, fell by 2,000 to 238,000 in the seven days ended Nov. 25, a week that included the Thanksgiving holiday. Economists surveyed by MarketWatch had forecast claims to total 240,000. The more stable monthly average of claims rose 2,250 to 242,250, the government said Thursday. The number of people already collecting unemployment benefits, known as continuing claims, increased by 42,000 to 1.96 million. What happened: New applications for unemployment benefits have subsided to a nearly 45-year low after a mini-surge...
  • Jobless claims drop back down to 239,000

    11/22/2017 7:16:05 AM PST · by gubamyster · 6 replies
    Washington Examiner ^ | Nov 22, 2017, 8:32 AM | by Joseph Lawler
    First-time jobless claims fell 13,000 to 239,000 last week, the Department of Labor reported Wednesday, more than the 9,000 drop economists expected. With Wednesday's numbers, claims have continued to hover at extremely low levels, despite the fall disruption of the hurricanes that slammed the southeastern U.S. Claims collections in Puerto Rico and the Virgin Islands are still being affected by the storms, the agency said. Low jobless claims are a good sign for the economy. If fewer people are applying for benefits at state agencies, it suggests that layoffs are relatively rare, and job creation high. "Claims remain low, even...
  • Jobless rates fell in 12 US states, hit record lows in 3

    11/17/2017 8:22:16 PM PST · by Olog-hai · 8 replies
    Associated Press ^ | Nov 17, 2017 6:30 PM EST | Christopher Rugaber
    Unemployment rates fell to record lows in Alabama, Hawaii and Texas last month, and dropped in nine other U.S. states. […] Steady hiring has driven down unemployment in most states in the past year. Nationwide, the rate fell to 4.1 percent in October, a 17-year low. That is down from 4.8 percent a year earlier. […] The biggest October gain was in Florida, which added 125,300 jobs as it recovered nearly all the jobs that it had lost in September due to Hurricane Irma. Texas added 71,500, which also reflected a bounce-back from Hurricane Harvey. And California gained 31,700. The...
  • U.S. companies add most workers in 7 months as storm effect fades: ADP

    11/01/2017 8:35:51 AM PDT · by SeekAndFind · 6 replies
    Reuters ^ | 11/01/2017
    U.S. companies added the most workers in seven months in October as hiring rebounded from an 11-month low set in September stemming from Hurricanes Harvey and Irma, a report by a payrolls processor showed on Wednesday. The ADP National Employment Report said private employers hired 235,000 workers last month, exceeding a median forecast of 200,000 among economists polled by Reuters. Domestic private payrolls in September were revised down to an increase of 110,000 from the previous 135,000. The report is jointly developed with Moody’s Analytics. “This labor market is tight and is destined to be tighter,” Mark Zandi, Moody’s Analytics...
  • OMB: Top 20% pay 95% of taxes, middle class 'single digits'

    10/27/2017 1:26:51 PM PDT · by SoFloFreeper · 31 replies
    Washington Examiner ^ | 10/27/17 | Paul Bedard
    .....OMB later cited internal data to the Washington Examiner that said the top 20 percent of people to pay income taxes account for 94.8 percent of those taxes in 2016. That appears to be a jump from just a few years ago. In 2015, the Wall Street Journal reported that the top 20 percent of income earners paid 84 percent of income taxes.
  • The Dow is telling the most important story about Trump

    10/21/2017 9:05:19 AM PDT · by 2ndDivisionVet · 32 replies
    The New York Post ^ | October 20, 2017 | The Editorial Board
    After crossing the 23,000 line this week, the Dow is up nearly 5,000 points, or about 27 percent, since Election Day. It wouldn’t be there under a President Hillary Clinton or a Jeb Bush. No: Much of the credit has to go to the uncompromisingly pro-business President Trump — the antithesis of what the nation had seen the prior eight years. Nor is it just the stock market: Consumer confidence and economic optimism are up. And the Labor Department reports that claims for unemployment just dropped by 22,000 to 222,000 — the fewest since March 1973. And while, as Charles...
  • U.S. Jobless Claims Fall to 44-Year Low After Hurricane Disruptions

    10/19/2017 12:29:28 PM PDT · by SeekAndFind · 8 replies
    Fox Business ^ | 10/19/2017 | By Sharon Nunn and Josh Mitchell
    WASHINGTON – The number of Americans filing applications for new unemployment benefits fell to the lowest level in 44 years, reflecting power outages in storm-ravaged Puerto Rico and the U.S. Virgin Islands that have disrupted the application process. Initial jobless claims, a proxy for layoffs across the U.S., fell by 22,000 to a seasonally adjusted 222,000 in the week ended Oct. 14, the Labor Department said Thursday. The sharp drop obscures underlying trends in the labor market. Many applying for unemployment benefits in Puerto Rico and the U.S. Virgin Islands, which were recently devastated by Hurricanes Irma and Maria, must...