News you can use
News you can use
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A drop in new jobless claims came in short of expectations and factory orders rose only slightly, fresh evidence the economy is recovering at a slow, uneven pace. The Labor Department said this morning that first-time jobless claims dropped by 8,000 to a seasonally adjusted 470,000. Analysts had expected a steeper drop to 450,000, according to Thomson Reuters. The four week average, which smooths out volatility, rose for the second straight week to 456,250. The average had fallen for 19 straight weeks before starting to...
The number of newly laid-off workers requesting unemployment benefits slipped last week, the latest sign the employment picture is slowly brightening. The Labor Department said initial jobless claims fell by 6,000 to a seasonally adjusted 462,000. That's close to Wall Street analysts' estimates of 460,000, according to Thomson Reuters, and the second straight drop. The figures come after other mildly positive news on employment. Job openings rose in January to their highest level in almost a year, the department said on...
The outlook for jobs became a bit less bleak with January's unexpected decline in the unemployment rate, which fell to 9.7 percent from 10 percent as more Americans said they had jobs. Still, Today's unemployment report showed just how deep the job crisis remains. The government now estimates 8.4 million jobs vanished in the Great Recession, and economists think the nation would be lucky to get back 1.5 million of them this year. And they say it will take at least three to four years for the job market to return to anything...