Unemployment insurance : Falling jobless fails to quell US recovery fears
The US unemployment rate fell to 9.5 percent last month as more than half a million people abandoned the job hunt, fueling doubts about the economic recovery. The Labor Department reported a net loss of 125,000 jobs last month even as unemployment fell to its lowest rate in almost a year. The falling jobless rate — down from 9.7 percent in May — offered some succor to President Barack Obama, who is running out of time to put the economy firmly back on track before congressional elections in November. “Make no mistake, we are headed... Lire la suite
Unemployment insurance : Unites States recovery faces litmus test
The patchy US economic recovery faces a crucial litmus test Friday when fresh unemployment figures are released, but few expect positive results. Most analysts say the ranks of jobless Americans are likely to have swollen to more than 15 million, pushing the unemployment rate from 9.7 percent to 9.8 percent. That would be bad news for President Barack Obama, who is running out of time to put the economy back on track before Congressional elections in November. Although the White House has repeatedly warned that unemployment will remain high for... Lire la suite
US jobless claims surge more than expected
New claims for US unemployment benefits jumped more than expected last week, official data showed Thursday on the eve of the key June jobs report. Initial claims for jobless benefits rose to a seasonally adjusted 472,000 in the week ending June 26, an increase of 13,000 from the previous week’s upwardly revised level of 459,000, the Labor Department said. The leap was sharply higher than the consensus analyst forecast of 458,000 claims. The four-week moving average, which helps smooth out weekly volatility, rose 0.7 percent to 466,500. “The... Lire la suite
Jobless insurance: US claims fall for first time in three weeks
New claims for US jobless benefits fell for the first time in three weeks, the government said Thursday amid persistent concerns that unemployment may dampen recovery. Claims fell to 457,000 in the week ending June 19, a decrease of 19,000 from the previous week’s revised figure of 476,000, the Labor Department said. Most economists had expected claims to fall to 460,000. The four-week moving average of jobless insurance claims, a less volatile indicator than the week-to-week figures, was 462,750, a decrease of 1,500 from the previous week’s... Lire la suite
Jobless insurance: US claims in surprise rise
New claims for jobless insurance benefits in the United States rose unexpectedly for the second straight week, the government said Thursday amid concerns unemployment may derail the economic recovery. Claims climbed to 472,000 in the week to June 12, an increase of 12,000 from the previous week’s upwardly revised figure of 460,000 and the highest level in four weeks, the Labor Department said. Most economists had expected claims to fall to 450,000. “The labor market remains under duress,” said Andrew Gledhill, an economist at Moody’s... Lire la suite
