March Jobless Claims Released…
UPDATE: 8:30 am EST: The numbers are coming in now..
Hampton Pearson reports…
March- minus 663,000 jobs, in line with consensus
unemployment rate 8.5%, also in line with consensus, worst number in 26 years
revision downward for January from an initial report of down 655,000 to down 741,000 (an additional 86,000)
No revisions for February (yet, check next month)
Only job gains education and health services (not even govt gained)up 8,000
since Dec 07 (when NABE says recession began) 5.1 million jobs lost, 3.3 million in last 5 months
overall 13.2 million unemployed record since keeping tally began in 1940
Market Mover Friday: March Jobs Report…
Should be a doozy..will be released at 8:30 am EST…
God Bless America, try to attend a Tax Day Tea Party(now with online RSVP) to get the STOP SPENDING message to the Congress Critters so we can have JOB GROWTH…
Here is a blessing/wish for all of us, may we all have jobs, cause aint nothin goin on but the rent as Gwen Guthrie said….
Breaking: February jobless claims released…
UPDATE: 8:30 am EST: The numbers are coming in now..
Hampton Pearson reports…
for the month of February new jobless claims are 651,000 . The unemployment rate is 8.1%..
total 12.5 million unemployed
since NABE said recession began, in 14 mos lost 4.4 million jobs since Dec 2007
January’s jobless numbers revised downward, what was reported as a loss of 598,000 jobs now revised to show an actual loss of 655,000…
December nonfarm payrolls revised to a loss of 681,000 from an earlier report of down 577,000..
(graphic by Marvins Dad – Creative Commons license)
Weekly Unemployment Claims Released…continuing claims break 5 million….
And the hits just keep comin’!!
The number of people remaining on the benefits roll after drawing an initial week of assistance increased by 114,000 to a 5.112 million in the week ended Feb. 14, the most recent week for which data is available. The so-called continued claims topped every estimate in a Reuters poll of 15 economists, which had a consensus forecast of 5.00 million.
Initial claims for state unemployment insurance benefits increased to a seasonally adjusted 667,000 in the week ended Feb. 21 from a revised 631,000 the prior week, the Labor Department said. It was the highest reading since October 1982, when claims reached 695,000.
The year-long U.S. recession has savaged the labor market and sent the unemployment rate soaring, with some economists fearing it will pierce 9 percent in 2009 from 7.6 percent in January and mount further next year.
Analysts polled by Reuters had forecast 625,000 new claims versus a previously reported count of 627,000 the week before
ginaswo
