Tag: unemployment figures

U.S. jobless claims fall to new pandemic low of 340,000 despite delta surge

The numbers: The number of people applying for U.S. unemployment benefits at the end of August fell to a new pandemic low, suggesting the delta...

U.S. stocks drift lower after records as investors assess jobless claims, GDP revision

U.S. stocks drifted slightly lower Thursday, as investors weighed data on second quarter economic growth and weekly jobless benefit claims, a day ahead of a...

If your employer fires you because you won’t get the COVID vaccine, don’t expect to collect unemployment

Each day more employers are telling employees they need to be vaccinated against COVID-19 to work in person or risk being fired. On Thursday CNN...

Treasury yields end higher as jobless claims fall

U.S. bond yields ended marginally higher Thursday as weekly data on jobless benefit claims fell and investors geared up for Friday’s July jobs report, following...

U.S. stock futures edge higher as investors focus on jobs data

U.S. stock futures rose on Thursday, after data showed weekly jobless benefit claims fell slightly as expected and investors began positioning for the monthly jobs...

European stocks rise ahead of U.S. payrolls data, closing out trading week marked by delta variant concerns

European equities climbed higher on Friday ahead of the release of key U.S. economic data. Stock-market indexes across the region looked set to close out...

U.S. unemployment claims sink to pandemic low of 364,000 as extra benefits start to get phased out

The numbers: New applications for unemployment benefits sank by 51,0000 last week to a new pandemic low of 364,000, underscoring a rapid recovery in the...

U.K. unemployment rate drops again, as British stocks open at highest level since February 2020

The U.K. unemployment rate fell to 4.7% in the February to April period, government data showed, marking the fourth straight month of declines after the...

Teen jobless rate falls to lowest point in years

The unemployment rate in May for 16- to 19-year-old workers dropped to 9.6% from 12.3% a month earlier. If that doesn’t sound striking — especially...

Dow futures rise after May jobs report shows less-than-expected gain of 559,000

U.S. stock-index futures gained some altitude Friday morning, after the May nonfarm payrolls report showed a less-than-expected gain, leading investors to believe that the Federal...

U.S. Treasury yields rise to highest since mid-May as jobs data improves

U.S. government bond yields rose Thursday, and the 2-year and 10-year Treasurys hit their highest yield since mid-May, following a report showing a jump in...

San Francisco Fed has cautionary words for 22 states ending enhanced unemployment benefits

At least 22 states are effectively running an experiment to find out whether or not scaling down unemployment benefits incentivizes more recipients to find new...

U.S. gains just 266,000 jobs in April ‘in a huge disappointment’

The numbers: The U.S. created just 266,000 new jobs in April even as the economy gained strength, suggesting companies might be struggling to fill open...

A million new jobs? That’s how many Wall Street thinks the U.S. created in April

The U.S. might have created a million-plus jobs in April as the economic recovery spread across the country and reached businesses that suffered the most...

Despite falling unemployment, America’s poverty rate just reached the highest level since the pandemic began

As of last month, the U.S. poverty rate has been on an upward trajectory. Between February and March, the rate of poverty in the U.S....

Dow set to rise over 200 points in stock market’s first trading day after Good Friday jobs report

Futures for stock benchmarks Monday morning headed higher, suggesting a solid open for equities in the first full week of April as U.S. investors get...

Under $1.9 trillion stimulus bill, jobless Americans who earned less than $150,000 last year will save an average of $1,000 in taxes

This time, it’s different. Unlike the first two COVID-19 stimulus packages, the new $1.9 trillion stimulus package adds tax relief onto another round of federal...

Dow set to add modestly to record climb after weekly jobless claims hits 4-month low

Stock-index futures traded higher Thursday, signaling further gains for the Dow Jones Industrial Average a day after the blue-chip gauge closed at an all-time high....

Is the U.S returning to normal? Millions of Americans, still hurting from COVID-19, say their finances will take years to recover

As federal lawmakers debate an ambitious $1.9-trillion relief package and COVID-19 vaccinations numbers climb, it might be tempting to think the U.S. is returning to...

The economy is heating up again and it’s good news for millions of unemployed

The U.S. economy is accelerating again after a coronavirus speed bump at the end of last year, but what’s missing is a big increase in...

My coworker owns 10 homes, 9 of which are rented. How did he get a stimulus check while I didn’t?

Dear Moneyist, I have a question about the stimulus checks. I happened to have inherited my mother’s house, so if I don’t qualify, that’s fine....

COVID-19 has caused real financial pain. So why did consumer bankruptcies drop in 2020?

By many measures, the pandemic induced all sorts of financial stress last year. But consumer bankruptcy cases — a way to address financial pain and...

U.S. economy may have lost jobs in December for first time since earliest stages of coronavirus pandemic

The U.S. economy stumbled toward the finish line as 2020 ended, with the recovery from the coronavirus pandemic slowing, putting it in danger of losing...

‘They get free money’: People will receive a $600 stimulus check and $300 extra unemployment. Why is there no accountability?

I am concerned that people are receiving another 11 weeks of unemployment benefits along with an extra $300 per week. I don’t have a problem...

Will November’s ‘disappointing’ jobs report bolster the case for a second round of stimulus checks?

Retail jobs last month fell by 35,000, a reflection of “less seasonal hiring in several retail industries,” according to the Bureau of Labor Statistics’ Friday...