Jobless claims fall to a 5-month low

By Poroma Pant The number of Americans applying for new unemployment benefits fell last week to the lowest level in five months, indicating a continued low rate of employer layoffs and a steadily improving labor market. The U.S Department of Labor said in a Thursday report that, for the week ended March 5, initial unemployment […]

Unemployment Insurance claims show unexpected rise

By Siri Bulusu The number of Americans filing for unemployment benefits unexpectedly increased last week, although underlying trends continue to suggest a strengthening labor marker. For the week ending March 3, the U.S. Department of Labor said Thursday, initial unemployment insurance claims rose by 6,000 to 278,000, surpassing consensus expectations of Bloomberg analysts who anticipated […]

Jobless claims decline as holiday shakeout ends

By Ashesha Mehrotra The number of Americans who filed for unemployment benefits last week dropped to a seven-week low last week, a better-than-expected performance that suggests the labor market is stabilizing after a period of post-holiday layoffs. In the week ended Feb. 6, the U.S. Department of Labor reported Thursday, initial jobless claims declined by […]