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Tag Archives: Bureau of Labor Statistics

Initial Unemployment Claims Fall as Sandy’s Impact Dissipates

First time claims for unemployment insurance fell 23,000 to 393,000 for the week ended November 224, the Labor Department reported Thursday. The previous week’s report was revised upward to 416,000 from the originally reported 410,000. Continuing claims--reported on a one-week lag--fell 70,000 to 3,287,000.

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First-Time Jobless Claims Fall, Impact of Sandy Continues

First-time claims for unemployment insurance fell 41,000 to 410,000 for the week ending November 17, the Labor Department reported Wednesday. Economists expected 415,000 initial claims filings. The previous week's report was revised upward to 451,000 from the originally reported 439,000. In addition to the direct impact on businesses, Hurricane Sandy, which ripped through the East Coast on October 29, forced the closing of government offices that process claims filed by telephone or online.

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Last Jobs Report Before the Election: Will It Have Any Impact?

Friday morning's jobs report contained some good news with the bad, but analysts doubt there's enough strength in either direction to influence the upcoming presidential election. The Bureau of Labor Statistics reported the unemployment rate rose slightly to 7.9 percent in October from 7.8 percent in September. Even though the rate increased, the upward movement was due to a rise in entrants into the labor market, not a decrease in jobs. In a response from Capital Economics, economist Paul Ashworth wrote, ""Overall, this report is sure to be spun politically by both sides."" Economist Nigel Gault at IHS Global Insight said, ""Politically there was something for both presidential candidates to grab onto.""

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Nation Adds 171k Jobs in October; Unemployment Rate Up to 7.9%

The nation’s unemployment rate inched up to 7.9 percent in October as the economy added 171,000 jobs, the Bureau of Labor Statistics (BLS) reported Friday. The labor force--the sum of employed and unemployed--improved in October, causing the bump in the unemployment rate and signaling renewed confidence among those on the sidelines that jobs are available. Job creation for the two prior months was revised upward: 148,000 in September instead of the originally reported 114,000 and 192,000 instead of the 142,000 reported in August.

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First-Time Jobless Claims Drop Again

First time claims for unemployment insurance fell 9,000 to 363,000 for the week ended October 27, the Labor Department reported Thursday. Economists expected 369,000 initial claims. It was the second straight weekly decline and the fourth drop in the last six weeks.

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GDP Up 2% in Q3, Beating Forecasts

Led by increases in personal consumption, government spending and residential investment, the U.S. economy grew 2.0 percent in the third quarter, the Bureau of Economic Analysis reported Friday, faster than economists expected and a strong rebound from the 1.3 percent growth rate in the second quarter. Economists surveyed by Bloomberg had expected an increase of 1.9 percent.

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First-Time Jobless Claims Drop Sharply

First-time claims for unemployment insurance fell 23,000 to 369,000 for the week ended October 20, the Labor Department reported Thursday. Economists expected initial claims to fall to 372,000. The previous week's report was revised upward to 392,000 first-time claims--the highest level since mid-June--from the originally reported 388,000.

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Jump in First-Time Jobless Claims Sharpest Since 2009

First time claims for unemployment insurance shot up 46,000 to 388,000—the highest level since July — for the week ended October 13, the Labor Department reported Thursday. Economists expected initial claims to bounce back up to 365,000 after seasonal factors drove the number of claims down to the lowest level in 54 months.

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First-Time Jobless Claims Hit Lowest Level Since February 2008

First time claims for unemployment insurance fell to 339,000 — the lowest level since February 2008 — for the week ended October 6, the Labor Department reported Thursday. The drop was far steeper than market expectations of 370,000 initial claims.

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Two Data Points Undermine ‘Truther’ Claims

Debating continued two days after Barack Obama and Mitt Romney met in Denver, not between the candidates but over the monthly Employment Situation report showing the unemployment rate dropped to 7.8 percent, the first sub-8.0 percent unemployment rate since January 2009.

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