Tag: unemployment

January 20, 2021

BLS Employment Situation Report: December 2020

BLS Employment Situation Report: December 2020

Total nonfarm payroll employment in December declined by 140,000 in December, well below the consensus forecast of a job gain of 45,000. The unemployment rate remained unchanged at 6.7 percent or 10.7 million unemployed persons. The Bureau of Labor Statistics (BLS) noted in today’s release that both unemployment measures are much lower than their AprilRead More
Economists Predict Sharp Slowdown Before Outlook Brightens Considerably

Economists Predict Sharp Slowdown Before Outlook Brightens Considerably

BY EMEL AKAN January 14, 2021 Updated: January 14, 2021 WASHINGTON—Economists are forecasting a strong recovery this year but warn of a sharp drop in economic activity in the first quarter before it builds momentum following the winter. The U.S. economy will grow at 3.9 percent over the four quarters of 2021, according to the latest estimates by theRead More

November 9, 2020

Jobless claims below 800,000 for third straight week (CNBC)

Jobless claims below 800,000 for third straight week (CNBC)

Released on November 5, 2020 Initial jobless claims totaled 751,000 last week, the third straight week that claims were below 800,000, CNBC reports. Claims have been trending down since late March but remain above pre-pandemic levels. “Bottom line, overall, the labor market continues to repair itself but the pace at which it is doing so isRead More

July 1, 2020

US initial jobless claims fall by 60,000, but recovery remains ‘lethargic’

US initial jobless claims fall by 60,000, but recovery remains ‘lethargic’

Released on June 25, 2020 US initial jobless claims fell by 60,000 in the week ended June 20 from the previous week to a total of almost 1.5 million, according to seasonally adjusted numbers released today by the US Department of Labor. However, the previous week’s level was revised upward by 32,000. The four-week movingRead More