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The U.S. Department of Labor has released another installment of weekly jobless claims, and the report showed a much larger drop than expected.
The Bureau of Labor Statistics now says that the official unemployment rate was 4.9% in January, below 5% for the first time since 2008.
The Challenger, Gray & Christmas job-cuts report for January indicates that layoffs skyrocketed by more than 200% to their highest level since last summer.
Weekly jobless claims for the week of January 30 have just been released, and they are continuing to trend higher.
If there is one economic report that hits the heart of America, it is the monthly Employment Situation Report from the Bureau of Labor Statistics.
The U.S. Department of Labor has released its weekly jobless claims for the past week, and we finally saw a drop. The trend of late had been that claims were rising.
The Labor Department's weekly jobless claims were 293,000 for the past week, more than Bloomberg expected.
Initial weekly jobless claims were up 7,000 to 284,000 in the week of January 9. Claims have not been this high since way back in early July.
No matter what the exact cause, an unemployment rate among the young that is three times that national average represents trouble for the economy in years to come.
The U.S. Department of Labor has reported that nonfarm payrolls rose by a sharp 292,000 in December.
ADP has released its National Employment Report for the month of December, and many investors use this as a proxy for each month's unemployment and payrolls report from the Department of Labor.
The last formal employment release of 2015 was the weekly jobless claims report from the U.S. Department of Labor.
There is some very mixed economic figures from the Federal Reserve Bank of Dallas. While the headline number was atrocious, the reality is that the actual production index rose in December.
The last official economic reading before Christmas has been delivered, with the U.S. Department of Labor showing that weekly jobless claims fell to 267,000 in the prior week.
According to the Bureau of Labor Statistics, in November six states had unemployment rates above 6%, while the national rate for the month was 5%.