News

US weekly jobless claims slide to 847,000 as stimulus debate continues

New US jobless claims for the week that ended Saturday totaled 847,000, down from the previous week’s revised total of 914,000. Economists surveyed by Bloomberg expected claims to dip to 875,000. Continuing claims, which track Americans receiving unemployment benefits, sank to 4.8 million for the week that ended January 16. […]
US weekly jobless claims slide to 847,000 as stimulus debate continues
News

A government watchdog says the Labour Department has been releasing flawed data — and finds that most states underpaid jobless Americans

The Labour Department reported false counts of week-to-week jobless-benefits claims, and several states underpaid unemployed Americans through a key economic relief program, the Government Accountability Office said Monday. Inconsistent state data, claims backlogs, and potential fraud in the benefits system resulted in “flawed week-to-week comparisons” of jobless-claims data, the government […]
A government watchdog says the Labour Department has been releasing flawed data — and finds that most states underpaid jobless Americans
Markets

S&P 500 erases 2020 gains, tumbles into correction as economic worries mount

US equities declined on Thursday as higher-than-expected jobless claims and renewed virus fears weighed on investors. The slide erased year-to-date gains for the S&P 500 and also sent the benchmark into correction territory, implying a 10% decline from recent highs. New US weekly jobless claims rose to 870,000 in the […]
S&P 500 erases 2020 gains, tumbles into correction as economic worries mount
Markets

US weekly jobless claims hit 1.3 million, less than economist forecasts

US jobless claims for the week that ended Saturday totaled 1.3 million, the Labour Department said Thursday. That came in below the consensus economist estimate of 1.38 million. Thursday’s report marked the 14th straight week of declining claims. It also brought total filings over a 16-week period to nearly 50 […]
US weekly jobless claims hit 1.3 million, less than economist forecasts
Markets

US weekly jobless claims hit 1.4 million, more than economist forecasts

US jobless claims for the week that ended Saturday totaled 1.43 million, the Labour Department said Thursday. That was slightly higher than the consensus economist estimate of 1.35 million. Thursday’s report marked the 13th straight week of declining claims. It also brought total filings over a 15-week period to nearly […]
US weekly jobless claims hit 1.4 million, more than economist forecasts