Unemployment claims fall for the first time in a month
The job market remains tight as the U.S. economy expands at its fastest pace since 1984.
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The job market remains tight as the U.S. economy expands at its fastest pace since 1984.
First-time unemployment claims took an unexpectedly large jump last week. The U.S. Labor Department reports 286,000 people filed new claims the week ending January 15th. Diane Swonk, chief economist at Grant Thornton, joins CBSN to discuss the latest.
Claims jumped to 230,000, in line with pre-pandemic levels despite the Omicron surge.
Employers are hesitant to cut workers amid a tight labor market that offers workers more career choices.
New jobless claims for the week ending December 25 were close to the lowest in half a century. Heather Long, an economic columnist for The Washington Post, joins CBSN to discuss the latest on unemployment and the economy.
Ranks of newly unemployed are at lowest level since 1969 as employers keep hold of workers amid a tight labor market.
There are signs the job market is tightening as new jobless claims remain low. 205,000 Americans filed for first-time unemployment benefits last week. CBS MoneyWatch reporter Irina Ivanova joins CBSN with more.
The number of workers filing for jobless aid each week is at its lowest level in 50 years.
Only 184,000 Americans filed for unemployment benefits last week, the lowest number since 1969.
The number of first-time jobless claims increased for the first time since September, to 222,000 from the previous week, the Labor Department reports. Four Republican-led states are amending the rules to allow workers who quit their jobs, or get fired, over refusing to comply with company-mandated vaccines to collect unemployment benefits. CBS News MoneyWatch reporter Megan Cerullo has more.
Announced job cuts are at a three-decade low, while new claims for jobless aid are down to pre-pandemic levels.
President Biden touted the drop in first-time unemployment benefit claims to a 52-year low, though he faces other economic problems like rising prices and supply chain issues amid speculation on a possible second term. Sabrina Rodríguez, national political correspondent for Politico, joins CBSN to discuss the news from the White House.
Fewer than 200,000 Americans filed for unemployment benefits last week, the lowest figure since the pandemic struck.
About 268,000 people filed for unemployment benefits last week, while 2.1 million Americans remain on jobless aid.
U.S. inflation soared in October. The Consumer Price Index climbed 0.9% last month, marking a 6.2% increase in prices since the same time last year. Diane Swonk, chief economist at Grant Thornton, joins CBSN to discuss what this increase and the drop in first-time unemployment claims mean for the state of the economic recovery.
Jobless claims continue to edge lower, with 267,000 people applying for benefits last week.
First-time jobless claims have fallen to a new pandemic-era low for the fifth straight week, as 269,000 Americans filed for the week ending October 30. Lori Bettinger, co-president of BancAlliance and the former director of the Troubled Asset Relief Program under the Obama administration, joined CBSN to discuss the latest jobs numbers.
Roughly 269,000 Americans sought unemployment benefits last week, a sign the job market continues to heal.
The number of Americans filing for first-time unemployment benefits fell to another pandemic-era low. For the week ending October 16, 290,000 people filed new jobless claims. Mark Hamrick, a senior economic analyst for Bankrate, joins CBSN to discuss.
For the first time in more than 20 weeks, new claims for unemployment benefits dipped slightly below 1 million. But one sector continues to suffer historic losses: leisure and hospitality. Mireya Villarreal reports.
About 30 million Americans are now relying on unemployment checks as Congress is working to pass a new stimulus package before extended unemployment benefits end this month. This comes as unemployment claims continue to rise. Nancy Cordes reports.
President Joe Biden is expected to sign a bill raising the debt limit through December 3, temporarily avoiding a financial catastrophe. CBS News chief White House correspondent Nancy Cordes joined CBSN to discuss the latest on the debt ceiling as well as the decrease in initial jobless claims and nationwide concern over inflation and supply chain issues.
Some 326,000 workers filed first-time unemployment claims last week as Delta-fueled layoffs declined.
Number of Americans applying for unemployment aid remains about 60% higher than before the pandemic.
Some 332,000 U.S. workers applied for unemployment last week as the Delta variant and hurricanes weighed on labor market.
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Mr. Trump previously threatened to impose tariffs against countries that do not support his plans to acquire the territory.
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U.S. Central Command, which oversees U.S. military operations in the Middle East, conducted the strike on Jan. 16, killing Bilal Hasan al-Jasim, authorities said.
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Whitney formed in Chicago more than a decade ago, gaining popularity for their blend of classic indie and '70s soft rock. Their latest album, "Small Talk," draws on that throwback sound with a modern twist. Here's Whitney performing "Dandelions."
Whitney formed in Chicago more than a decade ago, gaining popularity for their blend of classic indie and '70s soft rock. Their latest album, "Small Talk," draws on that throwback sound with a modern twist. Here's Whitney performing "Won't You Speak Your Mind."
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