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    California delayed or improperly denied unemployment benefits for roughly 6 million people during the pandemic because state policies “do not prioritize getting benefits to workers quickly,” according to a nonpartisan report released Monday by the Legislative Analyst’s Office. The report said payments were delayed for about 5 million people — up to half of all workers who applied for benefits during the height of the pandemic. Meanwhile, the California Employment Development Department denied benefits for 3.4 million workers during that time. Of the 200,000 workers who appealed those denials, nearly 80% of them won their case. “We believe many of the workers who did not appeal likely were eligible, meaning the state may have improperly denied 1 million additional claims,” said Chas Alamo, principal fiscal and policy analyst for the Legislative Analyst’s Office. The report blamed these failures on the basic design of California’s unemployment program, which it said is geared more toward the businesses that fund the program than the workers who benefit from it. Businesses’ tax rates go up each time one of their former workers is awarded...
    PHILADELPHIA (AP) — Eight Philadelphia government employees lied that they were unemployed in order to receive pandemic jobless benefits, prosecutors said in announcing criminal charges Thursday. The attorney general’s office said the city workers collectively were paid more than $300,000 in pandemic unemployment assistance in 2020. Individuals collected between $17,000 and $63,000, prosecutors said. READ MORE: Watch Party To Be Held At Philadelphia’s Love Park As 2026 World Cup Host Cities Announcement LoomsThey were accused of theft, receiving stolen property and tampering with public records in charges filed Wednesday in a Harrisburg district court. Attorney General Josh Shapiro said prosecutors do not believe the eight defendants are connected. They include people who worked for the city as asphalt rakers and social work services managers. “These individuals didn’t just apply for (the) assistance once and got the money,” Shapiro said at a Philadelphia news conference Thursday. “Instead they had to go online, week after week, and reaffirm that they were unemployed due to COVID-19.” READ MORE: First Batch Of West Nile Virus-Positive Mosquitoes This Year Confirmed In Philadelphia, Montgomery CountyOnly two...
    WASHINGTON (AP) — More Americans applied for unemployment benefits last week but the total number of people collecting jobless aid is at its lowest level in more than 50 years. Jobless claims in the U.S. rose by 19,000 to 200,000 for the week ending April 30, the Labor Department reported Thursday. First-time applications generally reflect the number of layoffs. The four-week average for claims, which softens some of the weekly volatility, rose 8,000 from the previous week to 188,000. The total number of Americans collecting jobless benefits for the week ending April 23 fell by 19,000 from the previous week, to 1,384,000. That’s the fewest since January 17, 1970. American workers are experiencing historically strong job security two years after the coronavirus pandemic plunged the economy into a brief but devastating recession. Weekly applications for unemployment aid have been consistently below the pre-pandemic level of 225,000 for most of this year, even as the overall economy contracted. On Tuesday, the Bureau of Labor Statistics reported that U.S. employers posted a record 11.5 million job openings in March — an...
    By MATT OTT WASHINGTON (AP) — Applications for unemployment benefits inched down last week as the total number of Americans collecting aid fell to its lowest level in more than 50 years. Jobless claims fell by 2,000 to 184,000 last week, the Labor Department said Thursday. The four-week average of claims, which levels out week-to-week volatility, rose by 4,500 to 177,250. About 1.42 million Americans were collecting traditional unemployment benefits in the week of April 9, the fewest since February 21, 1970. Two years after the coronavirus pandemic plunged the economy into a brief but devastating recession, American workers are enjoying extraordinary job security. Weekly applications for unemployment aid, which broadly track with layoffs, have remained consistently below the pre-pandemic level of 225,000. Last year, employers added a record 6.7 million jobs, and they’ve added an average of 560,000 more each month so far in 2022. The unemployment rate, which soared to 14.7% in April 2020 in the depths of the COVID-19 recession, is now just 3.6%, barely above the lowest point in 50 years. And there is a record...
    WASHINGTON (AP) — The number of people seeking unemployment benefits ticked up last week but remained at a historically low level, reflecting a robust U.S. labor market with near record-high job openings and few layoffs. Jobless claims rose by 18,000 to 185,000, the Labor Department said Thursday, after nearly touching the lowest level since 1968 in the previous week. The four-week average of claims, which levels out week-to-week ups and downs, edged up from 170,000 to 172,000. Two years after the coronavirus pandemic sent the economy into a brief but devastating recession, American workers are enjoying extraordinary job security. Weekly applications for unemployment aid, a proxy for layoffs, have remained consistently below the pre-pandemic level of 225,000. Last year, employers added a record 6.7 million jobs, and they’ve added an average of 560,000 more each month so far in 2022. The unemployment rate, which soared to 14.7% in April 2020 in the depths of the COVID-19 recession, is now just 3.6%, barely above the lowest point in 50 years. And there is a record proportion of 1.7 job openings for...
    New York (CNN Business)America's labor market is on fire. There are far more available jobs than workers and the latest data on initial weekly unemployment claims underscores that imbalance.Initial claims for jobless benefits fell to 166,000 in the week ended April 2, adjusted for seasonal swings, the Labor Department reported Thursday. That was far fewer than the 200,000 or so claims that economists had predicted. It also matches the number of first-time claims from the week ended March 19, which was the lowest level since November 1968, after revisions.The four-week average of first-time claims is now 170,000, after a series of adjustments by the DOL."We saw big revisions in this week's initial and continuing claims figures due both to the usual annual revisions and a change in the seasonal adjustment procedure," said Mike Englund, chief economist at Action Economics. The Labor Department announced changes to its methodology on Thursday. Read MoreAt the start of the pandemic, the department altered the way it calculated its seasonal adjustments, since the swings in the data were so massive that the old way of...
    The number of new applications for unemployment benefits fell by 5,000 last week to 166,000, the lowest level for initial claims since 1969. Weekly jobless claims are seen as a proxy for layoffs and have been watched closely as the Federal Reserve hikes its interest rate target. Last week’s decline continues a generally downward trend in jobless claim reports since the omicron variant peaked in mid-January. The general trend of declining layoffs is good economic news for President Joe Biden, who has faced declining approval ratings and displeasure with how his administration has handled rapidly rising inflation. MORTGAGE APPLICATIONS DOWN 41% FROM LAST YEAR AS RATES SOAR It also gives the Federal Reserve, which just raised interest rates for the first time in years, increased confidence in its plans to tighten monetary policy and jack up interest rates. Most investors expect the central bank to hike rates more aggressively than initially expected at next month’s meeting. New jobless claims have been in retreat over the past year. Around this time in March of last year, new claims were...
    (CNN)President Joe Biden on Friday touted the March jobs report that showed the US added another 431,000 jobs in March and the American unemployment rate fell to a new pandemic-era low of 3.6%. "Americans are back to work. And that's good news for millions of families who have a little more breathing room and the dignity that comes from earning a paycheck, just the dignity of having a job," Biden said in remarks from the White House. This story is breaking and will be updated.
    TALLAHASSEE (CBSMiami/NSF) – Florida’s employment picture continues to brighten, while the state jobs agency envisions conditions slowing to a more “stable” pace over the next two years. The Florida Department of Economic Opportunity issued a report Friday that said the state’s unemployment rate in February was 3.3 percent, down from 3.5 percent in January. Also, the number of people qualified as out of work dropped by 15,000 in February, while the size of the labor force increased by 22,000. READ MORE: Beachgoers Urged To Stay Away From Stinging Portuguese Man-Of-WarThe report, reflecting mid-February conditions, estimated 348,000 Floridians were out of work from a labor force of 10.471 million. Also, after 1.282 million jobs were lost in the first months of the COVID-19 pandemic in 2020, more than 1.434 million jobs have been added. Adrienne Johnston, chief economist at the Department of Economic Opportunity, attributed a big chunk of the state’s employment conditions to people over the past 11 months becoming more optimistic about leaving jobs for better opportunities, with the overall growth of the labor force linked to people becoming...
    WASHINGTON (AP) — The number of Americans applying for unemployment benefits last week fell to its lowest level in 52 years as the U.S. job market continues to show strength in the midst of rising costs and ongoing virus pandemic. Jobless claims fell by 28,000 to 187,000 for the week ending March 19, the lowest since September of 1969, the Labor Department reported Thursday. First-time applications for jobless aid generally track the pace of layoffs. The four-week average for claims, which compensates for weekly volatility, fell to 211,750 from the previous week’s 223,250. In total, 1,350,000 Americans — a more than 50-year low — were collecting jobless aid the week that ended March 12. Earlier this month, the government reported that employers added a robust 678,000 jobs in February, the largest monthly total since July. The unemployment rate dropped to 3.8%, from 4% in January, extending a sharp decline in joblessness to its lowest level since before the pandemic erupted two years ago. U.S. businesses posted a near-record level of open jobs in January — 11.3 million —...
    WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week as layoffs continue to fall amid a strong job market rebound. Jobless claims fell by 15,000 to 214,000 for the week ending March 12, down from the previous week’s 229,000, the Labor Department reported Thursday. First-time applications for jobless aid generally track the pace of layoffs. The four-week average for claims, which compensates for weekly volatility, fell to 223,000 from the previous week’s 231,750. In total, 1,419,000 Americans — a 50-year low — were collecting jobless aid the week that ended March 5, down 71,000 from the week before that. Earlier this month, the government reported that employers added a robust 678,000 jobs in February, the largest monthly total since July. The unemployment rate dropped to 3.8%, from 4% in January, extending a sharp decline in joblessness to its lowest level since before the pandemic erupted two years ago. U.S. businesses posted a near-record level of open jobs in January — 11.3 million — a trend has helped pad workers’ pay and added to inflationary pressures. The...
    The number of new applications for unemployment benefits fell by 18,000 last week to 215,000, another encouraging sign for the labor market after a surprisingly good January jobs report. Weekly jobless claims are seen as a proxy for layoffs and have been watched closely in recent weeks for indications about how COVID-19 has been affecting the labor market. This week’s decline continues a generally downward trend in jobless claim reports since the omicron variant peaked in mid-January. Declining layoffs will help President Joe Biden, who has been plagued with low approval ratings and disapproval with how his administration has handled the country’s inflationary woes. It will also bolster the Federal Reserve’s campaign to raise interest rates. POWELL SIGNALS FED WILL HIKE RATE HIKES THIS MONTH DESPITE UNCERTAINTY OVER UKRAINE Jobless claims have been in a steady decline over the last year. Around this time in March 2021, new claims were averaging more than 700,000 per week. Even during this year’s surge in COVID-19 cases related to the omicron variant, jobless claims only increased slightly, showing resiliency...
    VIDEO2:1602:16Q4 GDP revised to 7%, jobless claims total 232,000Squawk Box Weekly jobless claims came in slightly less than expected last week and economic growth to end 2021 was slightly better than originally reported, according to government data released Thursday. Initial filings for unemployment insurance totaled 232,000 for the week ended Feb. 19, the Labor Department said. That was a touch below the 235,000 Dow Jones estimate and down 17,000 from the previous week. A separate report showed that gross domestic product, a sum of all the goods and services produced in the U.S. economy, increased at a 7% annualized rate during the fourth quarter, according to the Commerce Department. On the jobs side, continuing claims, which run a week behind the headline number, totaled 1.48 million, a decline of 112,000 from the previous week and good for the lowest total since March 14, 1970. The total of those receiving benefits through all government programs fell by just over 30,000 to 2.03 million, according to data through Feb. 5. That level has continued to fall as pandemic-associated jobless programs have expired....
    TALLAHASSEE (CBSMiami/NSF) – Florida continues to see first-time unemployment claims at a pace similar to before the COVID-19 pandemic slammed into the state’s economy. The U.S. Department of Labor on Thursday released a report that estimated 5,734 new unemployment applications were filed in Florida last week. READ MORE: Publix Updates Mask Policy, Employees No Longer Required To Wear Face CoveringsThat was down from a revised count of 5,925 claims during the week that ended Feb. 5 and lowered a four-week average of claims to 6,421. The state has averaged 7,201 claims a week since mid-May when Florida leaders ramped up efforts to push people back into the workforce during the pandemic. READ MORE: Miami Beach Firefighters Rescue Dog That Fell Into The BayThe number of claims nationally went up by 23,000 last week to 248,000. State and federal agencies mark March 15, 2020, as the start of the pandemic for unemployment purposes. During the four weeks before that, Florida averaged 5,376 weekly claims. Unemployment figures released last month showed the state had regained 92.1 percent...
    The number of new applications for unemployment benefits fell by 16,000 last week to 223,000 after a surprisingly good January jobs report. The numbers reported Thursday morning by the Labor Department are an encouraging sign for the country’s job growth. Weekly jobless claims are seen as a proxy for layoffs and have been watched closely in recent weeks for indications about how the omicron variant of COVID-19 has been affecting the labor market. Jobless claims have generally trended down over the past year, with new claims averaging over 800,000 per week about a year ago, although claims ticked back up slightly in the early part of last month while the omicron variant was spiking. Since peaking in mid-January, new cases of COVID-19 have plummeted precipitously. New daily cases are averaging about 240,000 now, compared to more than 800,000 just weeks ago. While cases and hospitalizations have dropped, reported deaths have increased slightly over the past 14 days. STRONG JOBS REPORT SHOWS PUBLIC INCREASINGLY SHAKING OFF COVID-19 The news comes after a good January jobs report....
    by Scott McClallen   The U.S. Department of Labor (USDOL) granted Gov. Gretchen Whitmer’s request to expand the eligibility for waivers for Michiganders who wrongly received Pandemic Unemployment Assistance (PUA) because of the state jobless agency’s mistake. “Michiganders should not be penalized for doing what was right at the time they applied for federal pandemic benefits,” Whitmer said in a statement. “Coupled with the waivers we applied earlier, we are looking to help Michiganders who needed unemployment benefits to pay their bills, keep food on the table, and continue supporting small businesses. I look forward to working with our legislative partners to continue putting Michiganders first and keeping more money in their pockets.” The USDOL updated its waiver guidance to approve five new scenarios for consideration of a waiver may apply blanket waivers for recovery of overpayments: An individual responded “no” to be able and available for work, and the state issued payment for Pandemic Unemployment Assistance or Pandemic Emergency Unemployment Compensation without adjudicating the eligibility issue. An individual was eligible for payment, and the state issued payment at a higher rate...
    TALLAHASSEE (CBSMiami/NSF) – Florida’s jobless rate dipped to 4.4 percent in December as state officials pointed to “steady growth” in the employment picture. The Department of Economic Opportunity on Friday announced the December rate, down from 4.5 percent in November. READ MORE: Fort Lauderdale Man Now Multimillionaire After Winning Top Prize In Florida Lottery Scratch Off GameThe December rate represented 466,000 Floridians qualifying as jobless from a workforce now at 10.66 million. Gov. Ron DeSantis, during an appearance in Sarasota, touted the state’s economic conditions as the COVID-19 pandemic continues. “Because we have been a free state because we have protected people’s rights to work and run businesses, we’ve really been in great shape,” DeSantis said. “When you look at the budget, we have had huge amounts of revenue coming in.” The new unemployment figures show the state had regained 92.1 percent of the 1.27 million jobs lost in the early stages of the pandemic from February 2020 through April 2020. The recapture rate stood at 91.2 percent in November and 86.6 percent in October. “What I would consider here...
    New York (CNN Business)One of the more insidious myths this year was that young people didn't want to work because they were getting by just fine on government aid. People had too much money, went the narrative. Only trouble is, the numbers don't back it up.Instead, early retirement — whether forced by the pandemic or made possible otherwise — is playing a big role in America's evolving labor market.People have left the workforce for myriad reasons in the past two years — layoffs, health insecurity, child care needs, and any number of personal issues that arose from the disruption caused by the pandemic. But among those who have left and are not able to — or don't want to — return, the vast majority are older Americans who accelerated their retirement.Earlier this month, ADP Chief Economist Nela Richardson said the strong stock market along with soaring home prices "has given some higher income people options. We already saw a large portion of the Boomer workforce retiring. And they're in a better position now."Read MoreIn assessing the jobs recovery, economists have...
    SACRAMENTO (AP) — Hiring in California slowed significantly in November even as the state’s unemployment rate dipped below 7% for the first time since the start of the pandemic in March 2020, according to new data released Friday. Even though California’s unemployment rate fell to 6.9% in November from 7.3% in October, the state still has the highest jobless rate of all U.S. states, according to the data from the U.S. Bureau of Labor Statistics. READ MORE: Son of Mario Gonzalez Sues Alameda, Police Over Father's Death After Being Restrained By OfficersThe data showed that California employers filled 45,700 new jobs last month. That’s less than half of the jobs the state gained in October, but it was still enough to account for nearly 22% of all U.S. job growth in November. California has added 977,200 new jobs since February, a feat Gov. Gavin Newsom called “an unprecedented achievement.” But California lost 2.7 million jobs in March and April of 2020, back when Newsom issued the nation’s first statewide stay-at-home order that forced many businesses to close. Nineteen months later, California...
    Initial claims for unemployment insurance were expected to total 195,000 for the week ended Dec. 11, according to economists surveyed by Dow Jones. This is breaking news. Please check back here for updates.TVWATCH LIVEWATCH IN THE APPUP NEXT | ETListen
    The number of new applications for unemployment benefits fell 43,000 last week to 184,000 after falling to historically low levels late last month, the Labor Department reported on Thursday. The number of jobless claims was fewer than forecasters expected and signals labor market tightness as the United States economy works to emerge from the COVID-19 pandemic. The general trajectory of jobless claims has been down throughout the year. In late November, new claims for unemployment plunged to lowest level for initial claims in 50 years, which came as a surprise to economists. Last week the numbers ticked back up, but still remained at one of the lowest levels since before the coronavirus pandemic ravaged the global economy and precipitated a two-month recession. WHITE HOUSE CHIEF OF STAFF SCRAMBLES TO PUT POSITIVE SPIN ON LACKLUSTER JOBS REPORT The new jobless numbers come on the tail of worse than expected November jobs report last week. The economy added just 210,000 new jobs in November, far fewer than the half-million expected. Still, the news from the separate...
    TALLAHASSEE (CBSMiami/NSF) – During the shortened Thanksgiving holiday week, first-time unemployment claims in Florida were at the lowest level in nearly two years. The U.S. Department of Labor estimated 3,808 first-time claims were filed in Florida during the week that ended Nov. 27. That was the lowest number since the holiday-shortened Christmas week in 2019 when 3,807 new claims were filed before the onset of the COVID-19 pandemic. READ MORE: Arrest Made After Social Media Threat Targets Marjory Stoneman Douglas HighClaims nationally rose last week after hitting the lowest number for a week since November 1969. But the 222,000 claims filed nationally last week kept U.S. unemployment numbers at a pre-pandemic pace. The number of claims filed last week in Florida was down from a revised count of 5,831 claims during the week that ended Nov. 20. The Department of Labor initially estimated 5,343 first-time claims had been filed the week ending Nov. 20. READ MORE: CBS4 Exclusive: Support Beams At Dadeland Mall Parking Garage Alarms ShoppersWith the latest numbers, Florida has averaged 5,493 claims over...
              more   The four-week average number of Florida jobless claims reached its lowest mark since before the COVID-19 pandemic. The U.S. Department of Labor (USDL) released the information on Wednesday. The data reflected 5,343 first-time unemployment claims filed in Florida during the week that ended November 20, which dropped the four-week average to 6,045 claims. Prior to March 15th, 2020, the beginning of the pandemic, the four-week average of jobless claims was 5,376. This is slightly higher than the data recorded last week which only reflects one week, but is also slightly less than the four-week average. The beginning of the pandemic caused many businesses to either shut down or scale back. The number of new unemployment claims immediately jumped to 74,313 within the first week, and reached its peak a month later with 506,670 claims for the week ending April 18th, 2020. In a recent press conference highlighting Florida’s job growth and continued decline of the number of unemployment claims, Florida Governor Ron DeSantis stated, “We have a great business environment for (manufacturing). A lot of the places where...
    CNBC host Rick Santelli reacted with excitement to a slew of positive economic news that came out Wednesday, including a pandemic-low 199,000 initial jobless claims — the lowest since 1969. Although inflation has been the top story in the economy for several months, Wednesday morning saw the release of several pieces of good economic news. CNBC anchor Becky Quick tossed to Santelli for his reaction as the numbers came in. Santelli read the initial claims number first and said “Now that’s a nice Thanksgiving present! We breach two hundred thousand for the first time post-COVID.” He had an even bigger reaction to the shrinking of the trade deficit, exclaiming “Wow! For October, this is really big news, we went from a record-setting getting close to minus $100 billion, in the high 90s, to minus $82.9 billion.” “Now, granted, it isn’t great news, but it is very good news that it’s moved under 90 and so close to minus $80 billion, Santelli explained. The October deficit was also about $12 billion lower than expected, according to Econoday. “With regard to wholesale inventories,...
    TALLAHASSEE (CBSMiami/NSF) — Heading into Thanksgiving and the holiday shopping rush, Florida had its lowest four-week run of new unemployment claims since before the onset of the COVID-19 pandemic. Meanwhile, the number of claims nationally, driven by strong job growth amid pre-holiday consumer spending, hit a five-decade low. READ MORE: Miami Beach Restaurants Sue City After Being Denied Sidewalk PermitsThe U.S. Department of Labor on Wednesday estimated 5,343 first-time unemployment claims were filed in Florida during the week that ended Nov. 20, putting the average during the past four weeks at 6,045 claims. That brought the state closer to the average of 5,376 claims recorded in the four weeks before March 15, 2020, the date state and federal officials cite as the start of the pandemic for unemployment purposes. With tourism and other service-related jobs bearing the brunt, unemployment claims jumped to 74,313 during the week ending March 21, 2020, and peaked at 506,670 during the week ending April 18, 2020. Gov. Ron DeSantis on Tuesday touted Florida’s third-quarter tourism numbers, which exceeded totals in the pre-pandemic third quarter of...
    The number of new applications for unemployment benefits plummeted by 71,000 from the week before to 199,000, the lowest level for initial claims since 1969. The surprise drop in jobless claims indicates that layoffs are becoming extremely rare as employers are increasingly desperate to retain workers and fill open positions. The plunge is good news for the economy, which has been struggling to regain its footing since last year’s two-month pandemic-induced recession. "Workers remain in high demand in a labor market where payrolls and the civilian labor force remain well below pre-pandemic levels," wrote Rubeela Farooqi, the chief U.S. economist for High Frequency Economics. BIDEN PICKS POWELL TO LEAD FED FOR SECOND TERM, BETTING ON STABILITY AT CENTRAL BANK The general trend over the last several weeks has been that new jobless claims have been in decline as the economy improves, although the United States is still short of the number of jobs in the months before the pandemic, when unemployment dropped to an ultralow 3.5%. The current rate of unemployment is 4.6% after...
    New York (CNN Business)Weekly claims for unemployment benefits finally fell below their pre-pandemic levels last week, according to data from the Labor Department.Last week's jobless claims totaled 199,000 when adjusted for seasonal swings, the lowest level since November 15, 1969.This is a developing story. It will be updated
                      by Harry Wilmerding  The number of Americans who filed new unemployment claims decreased to 267,000 in the week ending Nov. 6 as the labor market continues to improve, the Department of Labor reported Wednesday. The Labor Department figure shows a 4,000 claim decrease compared to the week ending on Oct. 30, when jobless claims dropped to a revised 271,000. Wednesday’s release marks the lowest number of initial claims since March 14, 2020, when new jobless claims were 256,000. “Those that are employed have very little fear of being let go,” Lindsey Piegza, chief economist at Stifel Financial, told The Wall Street Journal. Businesses in retail, hospitality, leisure and logistics have experienced massive labor shortages, and companies have increased wages to avoid further labor restraints during the holiday season, the WSJ reported. “Limited labor supply has become a key constraint for businesses and though they are responding with higher wages…it has yet to draw more workers in,” Bank of America analysts told the WSJ. The U.S. economy recorded an increase of 531,000 jobs in October, and unemployment fell by...
    TALLAHASSEE (CBSMiami/NSF) – Florida’s first-time unemployment claims continue to roll in near pre-COVID-19 pandemic levels, with the U.S. Department of Labor estimating Wednesday that 5,818 claims were filed last week in the state. The estimate for the week that ended Nov. 6 was down from a revised count of 6,502 claims in the week ending Oct. 30. READ MORE: Child Tax Credit: When Will You Get Your November Payment?The initial projection for that week was 5,958. An estimated 267,000 new claims were filed nationally last week, down 4,000 from the prior week. That was the lowest number for a week since before March 15, 2020, which is when the pandemic began causing massive job losses. Over the past four weeks, the national average is 278,000 new claims a week. On Friday, the Labor Department reported the U.S. added 531,000 jobs in October, with the unemployment rate dropping 0.2 percentage points to 4.6 percent. READ MORE: FPL Seeks Approval To Collect Additional $810 Million From CustomersThe numbers were seen as a rebound for the labor market...
    The number of Americans who filed new unemployment claims decreased to 267,000 in the week ending Nov. 6 as the labor market continues to improve, the Department of Labor reported Wednesday. The Labor Department figure shows a 4,000 claim decrease compared to the week ending on Oct. 30, when jobless claims dropped to a revised 271,000. Wednesday’s release marks the lowest number of initial claims since March 14, 2020, when new jobless claims were 256,000. “Those that are employed have very little fear of being let go,” Lindsey Piegza, chief economist at Stifel Financial, told The Wall Street Journal. “Worker filings for unemployment insurance edged lower last week, continuing their long glidepath toward pre-pandemic levels as the labor market improves.” https://t.co/JZ7G3vq13D — John Dickerson (@jdickerson) November 10, 2021 Businesses in retail, hospitality, leisure and logistics have experienced massive labor shortages, and companies have increased wages to avoid further labor restraints during the holiday season, the WSJ reported. (RELATED: Top Fed Governor Announces Resignation, Giving Biden Another Nomination Opportunity) “Limited labor supply has become a key constraint for businesses and...
    WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell to a new pandemic low 267,000 last week, another sign that the job market is recovering from last year’s sharp coronavirus downturn. Jobless claims fell by 4,000 last week, the Labor Department reported Wednesday. The four-week average of claims, which smooths out weekly ups and downs, dropped by nearly 7,300 to 278,000, also a pandemic low. Altogether, 2.2 million Americans were collecting traditional unemployment benefits the week that ended Oct. 30. Applications for unemployment aid have been falling mostly steadily since topping 900,000 in early January and are gradually nearing prepandemic levels of around 220,000 a week. The job market has been rebounding for the past year and a half. In March and April of 2020, employers slashed more than 22 million jobs as governments ordered lockdowns and consumers and workers stayed home as a health precaution. Since then, employers have added more than 18 million jobs — including 531,000 last month — as the rollout of vaccines and government relief programs gave consumers the confidence and...
    TALLAHASSEE (CBSMiami) – First-time unemployment claims in Florida continue to fluctuate just above pre-pandemic levels. The U.S. Department of Labor on Thursday estimated 5,958 initial unemployment claims were filed in Florida during the week that ended Oct. 30, down from a revised count of 8,788 claims for the week ending Oct. 23. The initial projection for the week ending Oct. 23 was 7,987. READ MORE: Florida Dems Criticize Gov. Ron DeSantis' Special Session On Vaccination MandatesNationally, the estimated number of new claims last week was 269,000, down 14,000 from the prior week. “This is the lowest level for initial claims since March 14, 2020, when it was 256,000,” the federal report said. READ MORE: Miami Weather: Rain Chance Higher Through Friday, Cooler Weather AheadOver the past four weeks, the nation has averaged 284,750 claims. In the same span, Florida has averaged 7,111. Since mid-May, when state leaders upped their efforts to push people back into the workforce during the pandemic, Florida has averaged 7,820 weekly claims. In the four weeks before mid-March 2020, which the state...
    The number of Americans applying for unemployment benefits fell to a fresh pandemic low last week, another sign the job market is healing after last year's coronavirus recession. Initial claims for state unemployment benefits fell 14,000 to 269,000 for the week ended October 30, the Labor Department said on Thursday, marking the lowest level since the middle of March in 2020.  Since topping 900,000 in early January, the weekly applications have fallen more or less steadily ever since and are gradually moving toward prepandemic levels of around 220,000 a week. The new data follow a strong hiring report from ADP, which said on Wednesday that private payrolls increased by more than expected in October. The monthly federal employment situation report, the most closely watched indicator, will be released on Friday. The economy has recovered 17 million of the jobs lost to the pandemic, and economists expect Friday's jobs report to show that it regained another 400,000 in October.  But the United States is still 5 million jobs short of where it stood in February 2020, despite record openings of...
    The number of new applications for unemployment benefits fell 14,000 last week to 269,000, the Labor Department reported on Thursday. In a positive sign for economic recovery, Thursday’s jobless claims number was less than forecasters’ expectations of 275,000. It also represents the fewest weekly claims for unemployment since the COVID-19 pandemic began. FED TAKES FIRST STEP TOWARD RAISING INTEREST RATES The report comes a day before the much-anticipated October jobs report is released by the Bureau of Labor Statistics. The two preceding jobs reports had worse-than-anticipated results, with the economy adding just 194,000 new jobs in September, below the consensus forecast of 473,000 new jobs. The U.S. has been working to emerge from the COVID-19 pandemic, which rebounded over the summer with the delta variant. Since peaking in September new cases and deaths have been on the decline, a good sign for the economy. CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER The country is also facing too-high inflation, with consumer prices soaring to hit the highest level in 30 years in the gauge...
    WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell to a pandemic low last week, another sign that the job market and economy continue to recover from last year’s coronavirus recession. Jobless claims dropped by 10,000 to 281,000, lowest since mid-March 2020, the Labor Department said Thursday. Since topping 900,000 in early January, weekly applications have steadily dropped, moving ever closer to prepandemic levels just above 200,000. In all, 2.2 million people were collecting unemployment checks the week of Oct. 16, down from 7.7 million a year earlier. The pandemic slammed the economy in the spring of 2020. In March and April last year, employers slashed more than 22 million jobs as businesses closed or reduced hours in response to lockdowns and consumers staying home as a health precaution. The economy recovered with unexpected speed, helped by the rollout of vaccines and generous government relief checks and other spending. By last month, the economy had reclaimed more than 17 million of the lost jobs. But that was still 5 million short of where the labor market...
    After ending pandemic-related unemployment benefits, some Republican officials now want assistance for workers who were fired for refusing to get vaccinated. Last spring, just weeks before a deadly surge of coronavirus delta variant cases rocked his state, Florida Gov. Ron DeSantis' joined several other Republican leaders across the country in ending federal pandemic-related unemployment benefits for out-of-work Floridians. "Thanks to Governor DeSantis' leadership, Florida's economy has bounced back tremendously," Dane Eagle, secretary of the state's Department of Economic Opportunity, said in a May 24 statement announcing the move. "Transitioning away from this benefit will help meet the demands of small and large businesses who are ready to hire and expand their workforce." Now five months and over 21,000 COVID deaths later, DeSantis has proposed an expansion of unemployment benefits, but for a unique group: Floridians fired from their jobs for refusing to get vaccinated. On Thursday, the governor called for a special session of the Florida Legislature to push back against President Joe Biden's new vaccine mandates, which require most federal...
    HARRISBURG, Pa. (AP) — Pennsylvania’s unemployment rate is hitting new post-pandemic lows, but the labor force and payrolls shrank in September as employers struggle to find enough employees. The state Department of Labor and Industry said Friday that Pennsylvania’s unemployment rate dropped two-tenths of a percentage point to 6.2% from August’s rate. The national rate was 4.8% in September, and Pennsylvania lags most other states at 41st among 50. Pennsylvania has regained about 65% of the 1.1 million jobs lost in the pandemic. Unemployment rates were lower in 27 states. The surveys were conducted after the federal government ended supplemental payments of $300 a week, as well as expanded unemployment benefits to the self-employed. (Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
    Weekly jobless claims hit another pandemic-era low last week as the elimination of enhanced benefits sent fewer people to the unemployment line. First-time filings for unemployment insurance totaled 290,000 for the week ended Oct. 16, down 6,000 from the previous period, the Labor Department reported Thursday. Economists surveyed by Dow Jones had been looking for an even 300,000. The numbers take on added significance as the filing period covers the survey week the Labor Department uses to compile its closely watched monthly nonfarm payrolls report. Continuing claims also fell to their lowest level since the Covid-19 crisis began, dropping to 2.48 million, a decline of 122,000 from the previous week. Those numbers run a week behind the headline weekly total. This is breaking news. Please check back here for updates. Become a smarter investor with CNBC Pro.Get stock picks, analyst calls, exclusive interviews and access to CNBC TV.Sign up to start a free trial today.TVWATCH LIVEWATCH IN THE APPUP NEXT | ETListen
    The number of new applications for unemployment benefits fell 6,000 last week to 290,000, the Labor Department reported on Thursday. In a positive sign for the U.S. economic recovery, Thursday’s jobless claims number was less than forecasters’ expectations of 300,000. It also represents the fewest weekly claims for unemployment since the COVID-19 pandemic began. The September jobs report, released earlier this month, was a disappointment with just 194,000 new jobs. INFLATION ‘SINGLE BIGGEST THREAT’ TO SOCIETY, BILLIONAIRE INVESTOR WARNS While the unemployment rate has been falling and is now at 4.8%, that figure is still well above the 3.5% rate before the pandemic. There are still millions of fewer jobs than in February 2020. Another economic indicator being closely watched and analyzed by economists is the current rate of inflation. Consumer prices rose 5.4% for the year ending September, according to a report by the Department of Labor — the highest pace of inflation since 2008. Inflation also recently hit the highest rate in 30 years in the gauge favored by the Federal...
    The number of new applications for unemployment benefits fell 36,000 last week to 293,000, the Labor Department reported on Thursday. In a positive sign for the U.S. economic recovery, Thursday’s jobless claims number was less than forecasters’ expectations of 319,000. Thursday's news follows a September jobs report, released last week, that fell short of expectations with just 194,000 new jobs. CONSUMER PRICES RISE 5.4% ON YEAR, HIGHEST INFLATION IN 13 YEARS The Thursday report on people applying for unemployment also followed this week’s news that the number of people quitting their jobs is at an all-time high . About 4.3 million workers quit their jobs  in August, a figure that is up from 4 million in July. The number of people quitting is the highest since the U.S. began keeping records of the statistic about two decades ago and is equivalent to about 3% of the country’s workforce. The U.S. economy is also ensnarled in major supply-chain issues. Ports are backlogged and some customers have been waiting long periods of time to receive...
    WASHINGTON -- U.S. employers added just 194,000 jobs in September, a second straight tepid gain and evidence that the pandemic still has a grip on the economy with many companies struggling to fill millions of open jobs.Friday's report from the Labor Department also showed that the unemployment rate fell sharply to 4.8% from 5.2% in August.The economy is showing some signs of emerging from the drag of the delta variant of the coronavirus, with confirmed new COVID-19 infections declining, restaurant traffic picking up slightly and consumers eager to spend.But new infections remained high as September began, and employers are still struggling to find workers because many people who lost jobs in the pandemic have yet to start looking again. Supply chain bottlenecks have also worsened, slowing factories, restraining homebuilders and emptying some store shelves.Many economists still think that most of the roughly 3 million people who lost jobs and stopped looking for work since the pandemic struck will resume their searches as COVID wanes. It took years after the 2008-2009 recession, they note, for the proportion of people working or...
                      by Harry Wilmerding  The number of Americans filing new unemployment claims decreased to 326,000 last week as the economy continues to slowly recover from the COVID-19 pandemic and pandemic-related unemployment benefits wind down. The Bureau of Labor Statistics figure released Thursday shows a 38,000 claim decrease in the number of new jobless claims compared to the week ending Oct. 2, when 364,000 jobless claims were reported. Jobless claims were expected to drop for the first time in four weeks to 345,000, according to the Wall Street Journal. Experts pointed to the reduced layoffs within the tight labor market for the fallen figure. Last week’s jobless claim figure represented an unexpected increase, and Thursday’s figure shows fewer than expected jobless claims. The jobless claims report for Sept. 6 marked the lowest number since the pandemic began. Since then, the figure has steadily increased until Thursday’s new data. Experts told the WSJ in September that states which ended pandemic-related unemployment benefits are experiencing comparable job growth to those states continuing increased aid. Meanwhile, Democrats accepted an offer from Senate Leader Mitch McConnell that allows...
    The number of Americans filing new unemployment claims decreased to 326,000 last week as the economy continues to slowly recover from the COVID-19 pandemic and pandemic-related unemployment benefits wind down. The Bureau of Labor Statistics figure released Thursday shows a 38,000 figure decrease in the number of new jobless claims compared to the week ending Oct. 2, when 364,000 jobless claims were reported. Jobless claims were expected to drop for the first time in four weeks to 345,000, according to the Wall Street Journal. Experts pointed to the reduced layoffs within the tight labor market for the fallen figure. Last week’s jobless claim figure represented an unexpected increase, and Thursday’s figure shows fewer than expected jobless claims. (RELATED: Surging Oil Prices Will Fuel Further Inflation, Analysts Say) The jobless claims report for Sept. 6 marked the lowest number since the pandemic began. Since then, the figure has steadily increased until Thursday’s new data. Experts told the WSJ in September that states which ended pandemic-related unemployment benefits are experiencing comparable job growth to those states continuing increased aid. Meanwhile, Democrats accepted an...