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Tag Archives: Jobs

Uneven Pattern for Unemployment Rates Across U.S. Metros

Lincoln, Nebraska recorded a best-in-the-nation 3.4 percent unemployment rate in December as unemployment rates dropped in 290 of the 372 metropolitan areas in the county, the Bureau of Labor Statistics (BLS) reported Wednesday. Three other metro areas reported unemployment rates of 4.0 percent or below: Lafayette and Lake Charles, Louisiana, at 3.7 percent each, and Sioux Falls, South Dakota, at 4.0 percent. The highest unemployment rates in the country, according to the BLS report, were in Yuma, Arizona, and El Centro, California, at 27.3 percent and 25.5 percent, respectively.

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First-Time Jobless Claims Fall Again to 5-Year Low

First-time claims for unemployment insurance fell to another five-year low for the week ending January 19, dropping 5,000 to 330,000, the Labor Department reported Thursday. Economists expected claims to increase to 360,000 from the prior week. The previous week's report was unchanged at 365,000, which had been the lowest level since January 2008.

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Unemployment Rates Fall in 22 States in December

Unemployment rates fell in 22 states in December but rose in 16, the Bureau of Labor Statistics (BLS) reported Friday in its monthly Local Area Unemployment Statistics (LAUS) release. In November, unemployment rates dropped in 45 states. According to the LAUS report, the West had the highest regional unemployment rate--8.6 percent, down from 8.7 percent in November and 9.8 percent in December 2011. The Midwest registered the lowest unemployment rate with 7.1 percent, unchanged from November and down from 7.9 percent in December 2011.

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First-Time Jobless Claims Plunge to 5-Year Low

First-time claims for unemployment insurance plunged 37,000 for the week ending January 12 to 335,000, the lowest level since January 2008, the Labor Department reported Thursday. Economists expected claims to drop to 368,000 from the prior week.

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Beige Book Sees Economy Expanding

Economic activity expanded in the closing weeks of 2012, the Federal Reserve said in its periodic Beige Book released Wednesday, reflecting a slow but steadily declining unemployment rate and low rates of inflation--conditions the Fed said would have to be met before it raises interest rates. According to the Beige Book, districts reported stronger consumer spending--about 70 percent of the nation's GDP--with holiday sales ""modestly higher"" than in 2011. At the same time, the report said business contacts were ""citing concerns that consumers will spend cautiously due to ongoing fiscal uncertainty.""

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Unemployment Rate Flat at 7.8%; 155k New Jobs in December

The nation’s unemployment rate remained at 7.8 percent in December as payrolls increased 155,000, slightly ahead of consensus forecasts, the Bureau of Labor Statistics reported Friday. Economists had forecast payrolls would grow by 150,000, slightly higher than the 146,000 increase in payrolls originally reported for November, and that the unemployment rate would remain at November's 7.7 percent.

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First-Time Jobless Claims Finish Year at 372K

First-time claims for unemployment insurance rose 10,000 to 372,000 for the week ending December 29, the third-lowest level of the year, the Labor Department reported Thursday. Economists expected claims to increase to 363,000.

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Initial Jobless Claims Rise After Sharp Drop

First time claims for unemployment insurance increased 17,000 to 361,000 for the week ended December 15, the Labor Department reported Thursday. Economists expected claims to increase to 359,000. The previous week’s report was revised upward to 344,000 from the originally reported 343,000, an unexpected sharp drop of 27,000 initial filings.

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