Weekly Jobless Claims

Mike: Today brought us increasing unemployment claims and record continuing claims, but improved factory orders. Consumer loan delinquencies increased, but accounting rules were changed to protect banks and other financial institutions. As a result, the stock market shot higher, but hundreds of thousands lost their jobs. It wasn’t be a few months ago that increased […]

Continue reading about April 2 – Jobless claims jump to 669,000 (the highest since 1982) – Record 5.73 million remain on unemployment – Bombardier to chop another 3,000 – Swiss Re cuts 1,150 – Kohler taps 455 for layoffs – Postal Service to stamp out 1,490 jobs in 3 states

Mike: Jobless Claims will be the news of the day. * The Labor Department said Thursday that first-time claims for unemployment insurance rose to a seasonally adjusted 652,000 from the previous week’s revised figure of 644,000. That is slightly above analysts’ expectations. The total number of people claiming benefits are up 122,000 to 5.56 million, […]

Continue reading about March 26 – Jobless claims rise to 652,000 – Continuing claims at record 5.56 million – IBM to cut 5000 jobs in US, moving 4000 to India – GM: 6000 UAW accept buyouts – Agilent to chop 2,700 – Heidelberger trims 2,500 more jobs – University of Alabama to dismiss 1,000 – Hundreds lose jobs at Disney World – Plantronics to cut 670

Mike: I hope you are all having a fine day. This day brings the weekly Jobless Claims number, which is expected to remain steady at 654,000. This is a closely watched number, which has a great deal of impact on government policy, as well as the private sector and the stock market. An improving number […]

Continue reading about March 19 – New jobless claims fall to 646,000 – Record 5.47 million continue to receive unemployment – RBS looks to axe 2700 UK jobs – CAT to lay off 800 more workers in Aurora – Pacific Capital Bancorp sheds 300 – MeadWestvaco to shut two plants, cut 278 jobs – Citi may spend $10 million for office updates – NYC Hospital System to Cut 400