U.S. Jobless Claims Fall to 7-Month Low of 751,000 Last Week
Source: The Wall Street Journal.
ECONOMY U.S. ECONOMY
U.S. Jobless Claims Fall to 7-Month Low of 751,000 Last Week
Economists expected Labor Department to report number of Americans who filed initial jobless claims to fall slightly last week
By Josh Mitchell
Updated Oct. 29, 2020 8:34 am ET
U.S. jobless claims fell to a 7-month low of 751,000, suggesting layoffs are easing despite a rise in coronavirus infections.
The number of Americans who filed initial jobless claims, a proxy for layoffs, fell earlier this month to the lowest level since March, when the pandemic shut down much of the countrys business activity. Economists expected Thursdays report from the Labor Department to show claims fell slightly last week.
The...
{Snip. It's behind a paywall.}
Read more: https://www.wsj.com/articles/weekly-jobless-claims-coronavirus-10-29-2020-11603921724
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joshua.mitchell@wsj.com
Jamesyu
(259 posts)But this will not save Trump.
cstanleytech
(26,080 posts)TomCADem
(17,378 posts)...this does not mean that people necessarily got their jobs back.
Miguelito Loveless
(4,438 posts)so I can't say I believe them.
mahatmakanejeeves
(56,886 posts)Last edited Thu Nov 5, 2020, 10:42 AM - Edit history (1)
https://www.dol.gov/ui/data.pdfConnect with DOL at
https://blog.dol.gov
TRANSMISSION OF MATERIALS IN THIS RELEASE IS EMBARGOED UNTIL
8:30 A.M. (Eastern) Thursday, October 29, 2020
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS
SEASONALLY ADJUSTED DATA
In the week ending October 24, the advance figure for seasonally adjusted initial claims was 751,000, a decrease of 40,000 from the previous week's revised level. The previous week's level was revised up by 4,000 from 787,000 to 791,000. The 4-week moving average was 787,750, a decrease of 24,500 from the previous week's revised average. The previous week's average was revised up by 1,000 from 811,250 to 812,250.
The advance seasonally adjusted insured unemployment rate was 5.3 percent for the week ending October 17, a decrease of 0.5 percentage point from the previous week's revised rate. The previous week's rate was revised up by 0.1 from 5.7 to 5.8 percent. The advance number for seasonally adjusted insured unemployment during the week ending October 17 was 7,756,000, a decrease of 709,000 from the previous week's revised level. The previous week's level was revised up 92,000 from 8,373,000 to 8,465,000. The 4-week moving average was 9,053,250, a decrease of 1,055,750 from the previous week's revised average. The previous week's average was revised up by 23,250 from 10,085,750 to 10,109,000.
{snip}
UNADJUSTED DATA
{snip. Emphasis mine}
The total number of people claiming benefits in all programs for the week ending October 10 was 22,654,453, a decrease of 415,727 from the previous week. There were 1,411,728 persons claiming benefits in all programs in the comparable week in 2019.
{snip the rest of the twelve-page news release, until the end}
Weekly Claims Archives
Weekly Claims Data
U.S. Department of Labor news materials are accessible at http://www.dol.gov. The Department's Reasonable Accommodation Resource Center converts Departmental information and documents into alternative formats, which include Braille and large print. For alternative format requests, please contact the Department at (202) 693-7828 (voice) or (800) 877-8339 (federal relay).
U.S. Department of Labor
Employment and Training Administration
Washington, D.C. 20210
Release Number: USDL 20-2020-NAT
Program Contacts:
Thomas Stengle: (202) 693-2991
Media Contact: (202) 693-4676
llashram
(6,265 posts)an ability to point this out as a trump positive. He has loaded his administration with incompetents, liars and Dejoys and Devos's.
mahatmakanejeeves
(56,886 posts)llashram
(6,265 posts)JT45242
(2,173 posts)"The total number of people claiming benefits in all programs for the week ending October 10 was 22,654,453, a decrease of 415,727 from the previous week. There were 1,411,728 persons claiming benefits in all programs in the comparable week in 2019."
THat is a ton of people and only includes those who are
a) eligible for benefits -- so many gig workers do not count (like my wife)
b) have not expired their benefits
c) underemployed -- working part time hours
The real numbers of how many people are devastated by this mishandling of the virus are staggering.
durablend
(7,415 posts)But that won't stop them from spinning it
"I CREATED MORE JOBS THAN ALL THE OTHER PRESIDENTS COMBINED!!!! VOTE FOR ME OR SLEEPY JOE WILL BAN YOUR JOB!!!!"
KPN
(15,585 posts)authoritative administration that is concurrently is going down in flames "yugely"?
Come on America -- keep your wits about you!
orangecrush
(19,236 posts)Demsrule86
(68,347 posts)750,000 to 1,000000 people laid off every month since April. At the worst time in 2008, we were losing a million jobs per month. And I can tell you my hubs finally got a job after 7 months of being laid off...there were 100's of applicants for every job. We live in Ohio and he is an engineer. The job situation is desperate and people here in Ohio are losing their homes and going hungry. Most everyone will be out of unemployment in late December. Small businesses are now closing too. Todays numbers included a time where the stimulus was saving jobs. But McConnell the burn it down GOP did nothing to send help to the people...Hoover Trump.
llashram
(6,265 posts)and Ohioans loves them some trump. And just like the people who had to stand in the bitter cold for 2 to three hours, in Omaha, as AF1 fly into the sky with trump laughing at the fools below who will vote for chump Tuesday, many of those in Ohio who are losing their homes and beginning to feel hunger pangs WILL vote for chump Tuesday also. That's the hate that has filled the minds of many a person under the tutelage of a trump White House.
csziggy
(34,119 posts)Seriously, this mis-administration is pushing "only "751,000 jobless claims as an improvement? They should be ashamed, not bragging.