Sign in to follow this  
Followers 0
TB

Claims For US Jobless Benefits Bounce Up 53,000 To 253,000

Recommended Posts

The number of Americans applying for unemployment checks hit the highest mark since September 2017, but they’re still low enough that most workers continue to enjoy job security. The Labor Department said Thursday that weekly applications for jobless aid rose by 53,000 last week to 253,000 from a 49-year low 200,000 the week before. The four-week average, which is less volatile, rose by 5,000 to 220,250. The number of federal workers seeking unemployment benefits fell 42 percent, to 14,739. A 35-day partial shutdown of the federal government ended last week. Claims are a proxy for layoffs. Unemployment has dropped to 3.9 percent. Employers last month went on a hiring spree and added 312,000 jobs. The January jobs report, out Friday, is expected to show they began 2019 by hiring 165,000.

  • Like 2

Share this post


Link to post
Share on other sites

Probably it's because of the shutdown? That's a big jump...

Share this post


Link to post
Share on other sites

Once people are employed, they then focus of quality of life. I believe that is bad news for administration.

Share this post


Link to post
Share on other sites

It's a bad sign and usually it means that economy is failing ..

  • Like 1

Share this post


Link to post
Share on other sites

(edited)

11 hours ago, ThunderBlade said:

The number of Americans applying for unemployment checks hit the highest mark since September 2017, but they’re still low enough that most workers continue to enjoy job security. The Labor Department said Thursday that weekly applications for jobless aid rose by 53,000 last week to 253,000 from a 49-year low 200,000 the week before. The four-week average, which is less volatile, rose by 5,000 to 220,250. The number of federal workers seeking unemployment benefits fell 42 percent, to 14,739. A 35-day partial shutdown of the federal government ended last week. Claims are a proxy for layoffs. Unemployment has dropped to 3.9 percent. Employers last month went on a hiring spree and added 312,000 jobs. The January jobs report, out Friday, is expected to show they began 2019 by hiring 165,000.

4% is considered full employment by most economists I believe. There are always people in between jobs. Some are barely employable. The population is probably about 33% higher than it was 49 years ago also. https://www.populationpyramid.net/united-states-of-america/1969/ 

United States of America 
 
1969
Population: 207,599,308
 
According to the US Census Bureau's population clock, the estimated 2018 United States population (February 2018) is 327.16 million. This is a bit higher than the 329.09 million estimated by the United Nations.Nov 21, 2018
That may not include all the illegal aliens that have not been counted since the last census. Trump is trying to get a real figure on them. The next census may be a lot higher than expected. 
Edited by ronwagn
added reference

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  
Followers 0