Job Market Monitor
unemployment benefits
Unemployment Claims in US – The four-week moving average for new claims lowest since 2007
The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to a strengthening labor market. Initial claims for state unemployment benefits declined 27,000 to a seasonally adjusted 300,000 for the week ended May 24, the Labor Department said on Thursday. The prior weeks claims were revised to show … Continue reading
Unemployment Insurance Trust Funds in US in Chart
Chosen excerpts by Job Market Monitor. Read the whole story at Unemployment Insurance Trust Fund Debt, State by State. Related articles US – Unemployment Insurance Trust Funds battered by the Great Recession Unemployment Insurance in US – State program loans from the Treasury larger than in any previous recession research finds
Taiwan – April unemployment lowest in 6 years
Thanks to the improved economy, Taiwan’s unemployment rate was pegged at 3.91 percent, the lowest point in about six years, according to a report released by the Directorate-General of Budget, Accounting and Statistics (DGBAS) yesterday. It was the first time for the unemployment rate to go below 4 percent since the financial crisis. While companies … Continue reading
Jobless Claims in US – At lowest level since 2007
The number of Americans who applied for unemployment benefits fell sharply for the second straight week, touching the lowest level since May 2007, but at least part of the drop probably stemmed from lingering seasonal affects tied to a late Easter holiday. Initial jobless claims declined by 24,000 to a seasonally adjusted 297,000 in the … Continue reading
Jobless Claims in US – A decrease of 26,000
SEASONALLY ADJUSTED DATA (from the official Press Release) In the week ending May 3, the advance figure for seasonally adjusted initial claims was 319,000, a decrease of 26,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 344,000 to 345,000. The 4-week moving average was 324,750, an increase … Continue reading
Jobless Claims in US – Jump by 14,000 to 344,000
Claims have been climbing since early April when they reached a seven-year low of 301,000, but they remain well below their peak levels that were well over 600,000 a week in 2009. (Jobless claims climb to 9-week high). From the Offical Press Release SEASONALLY ADJUSTED DATA In the week ending April 26, the advance figure … Continue reading
US – Unemployment Insurance Trust Funds battered by the Great Recession
State unemployment insurance trust funds, the engines that finance jobless benefits for millions of Americans, were battered by the Great Recession and went deep into debt to meet the demand from the unemployed. During good economic times, states aim to maintain large enough balances in the trust funds to pay benefits to jobless workers if … Continue reading
Jobless Claims in US – The 4-week average is close to normal levels for an expansion
From the official press release: In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 304,000 to 305,000. The 4-week moving average was 316,750, an increase of 4,750 from … Continue reading
Jobless Claims in US – The last time initial claims were this low was May 12, 2007 says DOL
In the week ending April 5, the advance figure for seasonally adjusted initial claims was 300,000, a decrease of 32,000 from the previous week’s revised level. The last time initial claims were this low was May 12, 2007 when they were 297,000. The previous week’s level was revised up by 6,000 from 326,000 to 332,000. … Continue reading
US – Using Twitter to forecast jobless claims
A surprising number of people filed initial claims for unemployment benefits last week, at least if you believe an index based off Twitter. Economists at the University of Michigan have developed a technique that scans billions of tweets, looks for people tweeting about losing their jobs and then creates a prediction for the Labor Department’s … Continue reading
Jobless claims in US – Falls to 4-Month Low
Applications for jobless benefits decreased by 10,000 for the week ending March 22, bringing the total to 311,000, down from last week’s revised figure of 321,000, the Labor Department announced Thursday. This latest figure marks an official four-month low for unemployment aid. The four-week moving average, a “less volatile” figure, fell by 9,500 to 317,750, down from last … Continue reading
Unemployment Benefits Extension in US – Senate Advances Bill but it is unlikely the legislation can get through
The Senate on Thursday moved ahead with a bill to extend unemployment insurance benefits, three months after benefits expired for more than two million Americans. The Senate voted 65 to 34 to begin debate on the legislation, setting it up for passage next week. A bipartisan group of senators announced a deal two weeks earlier … Continue reading
Unemployment Benefits Cuts in North Carolina – The largest drop in its labor force in its history
In June, North Carolina lawmakers made such drastic cuts in unemployment benefits that the state was dropped from the federal Emergency Unemployment Compensation program, which made sure those who were out of work past their state-level benefit cutoff, typically around 26 weeks, still got benefits. The number of people receiving benefits fell to 45,000 by … Continue reading
Unemployment Insurance in US – State program loans from the Treasury larger than in any previous recession research finds
The Great Recession of 2007–2009 and its aftermath have posed the most serious challenge to unemployment insurance (UI) financing since the state UI programs were established during the late 1930s. Since 2008, 36 of the 53 state UI programs have borrowed from the U.S. Department of the Treasury (Treasury) to finance benefit payments in the … Continue reading
US – Jobless claims down to three-month low
The number of Americans filing new claims for unemployment benefits fell more than expected and hit a three-month low last week, a sign of strength in a labor market that has been hobbled by severe weather. Initial claims for state unemployment benefits dropped 26,000 to a seasonally adjusted 323,000, the Labor Department said on Thursday. … Continue reading
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