Connect With PPD
Follow Us:
Sections: Economy

Firing Rate Falls: Weekly Jobless Claims Decrease by 16,000

Labor Department reports on weekly jobless claims, otherwise known as first-time jobless claims. (Photo: Reuters)

The firing rate, measured by the number of first-time jobless benefits applications, fell 16,000 for the week ending January 23, 2016, beating expectations. The Labor Department reported on Thursday that weekly jobless claims fell by 16,000 to 278,000 last week, 4,000 lower than the estimate for 282,000.

The prior week was revised up again by 1,000 to 294,000.

A Labor Department analyst said there were no special factors influencing the data and no state was triggered “on” the Extended Benefits program during the week ending January 9.

The highest insured unemployment rates in the week ending January 9 were in Alaska (4.8), West Virginia (3.5), Montana (3.3), Puerto Rico (3.3), New Jersey (3.2), Pennsylvania (3.2), Connecticut (3.0), Illinois (2.8), Wyoming (2.8), California (2.7), and Massachusetts (2.7).

The largest increases in initial claims for the week ending January 16 were in California (+16,425), Puerto Rico (+1,771), Oregon (+192), and the Virgin Islands (+4), while the largest decreases were in New York (-17,476), Pennsylvania (- 15,349), Georgia (-11,141), Missouri (-7,446), and Texas (-7,132).

READ FULL STORY

SubscribeSign In
PPD Business Staff

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

Share
Published by
PPD Business Staff

Recent Posts

Media’s Worst Russian Collusion Sins May Soon Be Repeated

The most damning journalistic sin committed by the media during the era of Russia collusion…

1 year ago

Study: Mask-Mandates and Use Not Associated With Lower Covid-19 Case Growth

The first ecological study finds mask mandates were not effective at slowing the spread of…

3 years ago

Barnes and Baris on Big Tech’s Arbitrary Social Media Bans

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…

3 years ago

Barnes and Baris on Why America First Stands With Israel

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…

3 years ago

Personal Income Fell Significantly in February, Consumer Spending Weaker than Expected

Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…

4 years ago

Study: Infection, Vaccination Protects Against Covid-19 Variants

Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…

4 years ago

This website uses cookies.