Economy

First-time claims for unemployment insurance jumped to 965,000 last week amid signs of a slowdown in hiring due to pandemic restrictions, the Labor Department reported Thursday. The total was worse than Wall Street estimates of 800,000 and above the previous week’s total of 784,000. Markets reacted little to the number, as the decline in economic
Federal Reserve Board Governor Lael Brainard speaks at the John F. Kennedy School of Government at Harvard University in Cambridge, Massachusetts, U.S., March 1, 2017. Brian Snyder | Reuters Unemployment for the lowest-paid workers in the U.S. is above 20%, a figure that Federal Reserve Governor Lael Brainard said underscores the importance of policy help
Job creation came to a halt in December as restrictions brought on by surging Covid-19 cases hammered virus-sensitive industries. The Labor Department reported Friday that nonfarm payrolls fell by 140,000. That was below expectations for 50,000 from economists surveyed by Dow Jones. The unemployment rate was 6.7%, compared to the 6.8% estimate.Since a recovery that
The U.S. economy ended seven months of job gains and posted its first net payrolls loss since April last month as restaurants laid off droves of workers with the arrival of the winter months. The Labor Department reported Friday that total nonfarm payroll employment fell by 140,000 in December as fears over a Covid-19 resurgence
The number of people filing for unemployment benefits for the first time unexpectedly fell last week, marking its second straight decline. Initial jobless claims declined by 19,000 to 787,000 in the week ended Dec. 26, the Labor Department said Thursday. Economists polled by Dow Jones expected initial jobless claims to rise to 828,000. The previous
Jobless claims rose less than expected last week as employers weighed a wintertime spike in Covid-19 cases against expected relief from a pending $900 billion stimulus package, according to a Labor Department report published Wednesday. The number of first-time unemployment-benefits filers decelerated to 803,000 in the week ending Dec. 19. Economists polled by Dow Jones