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The number of Americans filing new applications for unemployment benefits rose slightly last week, pointing to steadily easing labor market conditions heading into the final stretch of 2024.
Initial claims for state unemployment benefits fell by 1,000 to a seasonally adjusted 219,000 for the week ended Dec. 21, the Labor Department said on Thursday. Economists polled by Reuters had ...
The report from the Labor Department on Thursday also showed unemployment rolls swelling to levels last seen in late 2021. US weekly jobless claims at seven-month low; home resales rebound in ...
WASHINGTON (AP) — The number of Americans applying for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years. Jobless claim applications ticked down by 1,000 to 219,000 for the week of Dec. 21, the Labor Department reported Thursday. That’s fewer than the 223,000 analysts forecast.
It is a good gauge of the U.S. job market. For instance, when more people file for unemployment benefits, fewer people have jobs, and vice versa. Investors can use this report to gather pertinent information about the economy, but it's a very volatile data, so the four-week average of jobless claims is monitored.
Most countries require those receiving unemployment benefits to search for a new job, and can require documentation of job search activities. Benefits may be cut if the applicant does not fulfil the search requirements, or turns down a job offer deemed acceptable by the unemployment benefits agency.
The Beveridge curve of 2004 job vacancy and unemployment rate (from the US Bureau of Labor Statistics) Frictional unemployment is the time period between jobs in which a worker searches for or transitions from one job to another. It is sometimes called search unemployment and
Initial claims for state unemployment benefits dropped 4,000 to a seasonally adjusted 217,000 for the week ended Nov. 9, the Labor Department said on Thursday. Economists polled by Reuters had ...