marketcrash
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jobless claims
04/07/2023
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By Arsenio Toledo
Recession fears surge as new job creation slows down, jobless claims rise
Investors are once again concerned that the economy of the United States could dip far enough into a recession as recent jobs data shows a slowdown in new job creation and an increase in jobless claims. According to the Department of Labor‘s report, job openings slipped to 9.9 million in February, the lowest since May 2021. This is […]
08/19/2022
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By Mary Villareal
Government lost as much as $100 billion to stimulus money fraud during COVID-19 pandemic
The U.S. lost as much as $100 billion in funds as government programs got abused by applicants for benefits and aids related to the Wuhan coronavirus (COVID-19) pandemic. Since the beginning of the pandemic, the government distributed around $5 trillion in pandemic aid through three pieces of legislation, while relying heavily on the applicants’ honesty in applying […]
07/31/2022
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By Arsenio Toledo
Initial unemployment claims remain high as recession fears affect labor market
Unemployment claims for the fourth week of July fell slightly, but remain higher than expected, indicating that employers remain hesitant to fill their vacancies due to fears of a recession. According to a report released by the Department of Labor, the seasonally adjusted initial unemployment claims for the week ending July 23 was 256,000. This is […]
07/25/2022
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By Arsenio Toledo
US unemployment claims rise to highest level in eight months
The number of Americans that have applied to receive unemployment benefits has jumped for the third week in a row. According to the Department of Labor, this latest jump in jobless claims is the highest in eight months. For the week ending on July 16, initial unemployment claims increased by 7,000 to 251,000. Economists surveyed by Reuters only expected […]
07/08/2022
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By Arsenio Toledo
Jobless claims surge to highest level in 6 months as employers cut jobs due to weakening economy
The number of Americans who have filed initial jobless claims has risen to a six-month high, marking the fifth consecutive month that weekly claims for unemployment benefits have topped the 230,000 mark. According to government data from the Department of Labor, initial filings for state unemployment benefits increased by 4,000 to a seasonally adjusted 235,000 claims […]
07/22/2021
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By Ramon Tomey
States ending pandemic unemployment benefits see increase in jobs as more people decide to work
States that opted out of the federal government’s pandemic unemployment benefits program in June saw an increase in their job numbers. According to the Daily Caller, these mostly Republican states experienced a 33 percent drop in new jobless claims compared to the roughly 4 percent drop in states that did not. Stagnating job growth and […]
06/14/2020
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By Franz Walker
Jobless claims fraud on the rise as coronavirus boosts unemployment
Authorities have warned that states are being hit with unemployment-benefit fraud amounting to billions of lost dollars. This comes amid historically high levels of jobless claims related to the Wuhan coronavirus (COVID-19) pandemic. “In a large-scale scam erupting in the midst of the Coronavirus pandemic, imposters are filing claims for unemployment benefits, using the names and personal information […]
04/18/2020
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By Franz Walker
Jobless claims rise by 5.2 million as coronavirus continues its rampage across the economy
The Department of Labor (DOL) reported Thursday that 5.2 million more people filed first-time unemployment claims last week. The additional claims bring the total number of jobless claims for the week ended April 11 followed the 6.6 million claims reported the week before and bring the total claims filed since the coronavirus crisis forced businesses to close to around 22 […]
04/02/2020
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By JD Heyes
Jobless claims in the U.S. hit 6.6 million… prepare for the “Great Depression” of the 2020s thanks to massive coronavirus layoffs
To say that the employment situation in America is bad and getting worse is probably the understatement of the year. After mayors and governors have shut down most of their cities and states around the country, ordering businesses deemed “non-essential” to close their doors in an effort to help contain the Wuhan coronavirus, most rational […]
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