Home

Joblessness in US Drops Slightly from 26-year High
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

US Department of LaborThe number of Americans filing for first-time unemployment benefits fell more than expected last week, according to a government report.

The Labor Department reported that initial filings for state jobless benefits fell to 554,000 for the week ending December 13th. That was a decline of 21,000 from the 26-year high of 575,000 claims a week earlier.

Economists were expecting jobless claims slip to 558,000. But the reduction in filers “really was not enough to offset the significant gain we saw after the Thanksgiving holiday,” said economist Andrew Gledhill.

  
What
Where


The number of people continuing to collect unemployment declined to 4.38 million in the week ending December 6th, the most recent data available. This was a decrease of 47,000 from the preceding week.

The rash of unemployment claims shows no sign of slackening, according to Gledhill, and may hit the retail sector particularly hard as consumers reign in spending.

The number of new jobless claims rose the most in Tennessee, rising by 12,170 due to layoffs in the manufacturing industry, the Labor Department said.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Wisconsin saw jobless claims fall the most, by 8,593, due to fewer layoffs in the construction, manufacturing and service industries.

Via CNN Money via BizChuck.





 

RELEVANT JOBS

Administrative Assistant

USA-MI-Farmington Hills

Duties include but are not limited to: updating the attorney’s calendar, meeting and greeting ...

Apply now

Personal Injury Litigation Attorney

USA-CA-Woodland Hills

Southwest Legal Group is seeking an experienced and motivated Personal Injury Attorney with 3+ Years...

Apply now

Associate Attorney

USA-AZ-Phoenix

Martin & Bonnett, a Phoenix based Labor, Employment and ERISA Law firm representing plaintiffs, empl...

Apply now

Associate Attorney

USA-AZ-Phoenix

Martin & Bonnett, a Phoenix based Labor, Employment and ERISA Law firm representing plaintiffs, empl...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Housing Finance Associate Attorney

USA-MN-Minneapolis

Minneapolis office of a BCG Attorney Search Top Ranked Law Firm seeks a housing finance associate at...

Apply Now

Senior Intellectual Property Litigation Associate Attorney

USA-PA-Philadelphia

Philadelphia office of a BCG Attorney Search Top Ranked Law Firm seeks a senior intellectual propert...

Apply Now

Senior Intellectual Property Litigation Associate Attorney

USA-GA-Atlanta

Atlanta office of a BCG Attorney Search Top Ranked Law Firm seeks a senior intellectual property lit...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top