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Jobs Market Convalescence Could Take a Long Time

The U.S. jobs market may finally be on the verge of an actual recovery, but expect it to come back with a whimper rather than a bang. The Labor Department today said the number of people who filed for unemployment insurance last week was just 368,000. That's the lowest number of weekly jobless claims reported by the...

Stubborn Joblessness Among Vets Darkens US Economy

Despite the acceleration of U.S. economic growth, the painful grip of unemployment still isn't loosening and remains especially tough for veterans of the wars in Iraq and Afghanistan. The Labor Department today announced what many in the news media were heralding as good news: First-time claims for unemployment insurance...

Jobless Claims Fall to Lowest Level in Two Years

(Nov. 24) -- Initial jobless claims fell to the lowest level since July 2008 last week, dropping 34,000 to 407,000 in the week ending Nov. 20, the Department of Labor said Wednesday. The figures were sharply lower than economists' forecast of 435,000. Employers are slowly adding workers as the economy recovers and...

David Brooks Says Unemployed Care More About Values Than Jobs

(Oct. 29) -- The latest economic growth numbers aren't good: The economy grew just 2 percent in the third quarter, the Commerce Department reported today. It's a "slight uptick" from the previous quarter, reports The New York Times, but not enough to put a dent in the country's 9.6 percent unemployment rate. "The economy...

Opinion: For Obama, Is It 1982 All Over Again?

(Oct. 8) -- "The polls are maddening. The public still thinks he's a nice guy but regards his economics as the pits," The Washington Post reported Oct. 7 of the souring public opinion of the president at the midterms. The year? 2010? 1994? No. Try 1982. The Post story continued its assessment of President Ronald Reagan's...

Background on jobless claims

Initial Jobless Claims is a report issued by the U.S. Department of Labor on a weekly basis. The employment situation is extremely important for a macroeconomic analysis, so the financial markets track employment indicators, although this is a low impact indicator compared with the monthly BLS's "Employment Report".

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