Weekly Jobless Claims

Mike: I thought that jobless claims would increase, but I was surprised it increased by 32,000, since the auto manufacturers layoff announcements didn’t occur until last week.  Initial jobless claims rose by 32,000 to 637,000 in the week ended May 9, from a revised 605,000 the prior week, the Labor Department said today in Washington. […]

Continue reading about May 14 – Jobless claims jump to 637,000 – Continuing claims rise to record 6.56 million – Chrysler closes 789 dealers – UK’s BT to cut 15,000 more – Drug makers offering freebies to unemploymed – Canada’s CAE to chop 700 – More IBM layoff rumors – Nike to cut 1750 worldwide

Mike: Thursday’s much anticipated Jobless Claims report shows that fewer layoffs occurred last week. My 602,000 jobless claims estimate from yesterday’s post was fairly close to the reported number. Since I work on this quite a bit each day, I start to see some trends on occasion. As a cautionary note to this week’s improved number is […]

Continue reading about May 7 – Jobless claims fall to 601,000 – Record continuing unemployment claims at 6.35 million – DuPont to lay off 2000 – Severstal to cut 1900 – Cub Cadet eliminating 480 – GM preparing for new job cuts

Mike: A good Thursday to one and all. Today’s Jobless Claims report came in at 631,000, which is 14,000 less than expected. That’s decent news, but it should not be taken as the final word, since the revised numbers have been higher each week for the past six months. On the other hand, a reduction in the […]

Continue reading about April 30 – Jobless claims fall to 631,000 – Record 6.27 million collecting unemployment benefits – UBS axed 2,000 U.S. jobs – Fujifilm to cut or transfer 5,000 – BASF to cut > 2,000 jobs worldwide – Textron cuts 2100 more – Chrysler to file for bankruptcy – Motorola cuts 500 more