Layoffs rise slightly, but stay at pre-pandemic level
The number of workers filing for jobless aid each week is at its lowest level in 50 years.
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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.
Some 310,000 people applied for first-time jobless aid last week, the lowest number since the pandemic began.
At least 7.5 million Americans are estimated to lose federal unemployment benefits as emergency programs expire. CBS News reporter Sarah Ewall-Wice, who covers economic policy, joins CBSN to discuss.
Federal unemployment benefits will end September 6, leaving more than 7.5 million Americans without the aid. CBS News reporter Sarah Ewall-Wice joins CBSN's "Red & Blue" host Elaine Quijano to discuss what this means for the economy and the millions of people still out of work.
Yet while layoffs are easing, economists say the latest COVID-19 surge is weighing on job growth.
The Department of Labor reported that U.S. jobless claims dropped for the third week in a row. It signals the American economy is strengthening but economists are still concerned about the impact from the rising COVID-19 cases. Axios markets reporter Courtenay Brown joins CBSN's "Red & Blue" to discuss.
About 4.2 million gig workers receiving Pandemic Unemployment Assistance will lose their benefits after September 6, according to analysis from the Century Foundation. Gig workers are typically considered self-employed and don't usually qualify for traditional unemployment aid. CBS MoneyWatch reporter Aimee Picchi joined CBSN's Elaine Quijano to discuss.
The number of Americans filing for unemployment benefits fell last week. New jobless claims dropped to 385,000, down 14,000 from the previous week. Lori Bettinger, co-president of BancAlliance and a former director of the Troubled Asset Relief Program, known as TARP, joins CBSN to discuss.