Posts with tag Department of Labor

Hundreds of thousands of people lost their jobs and filed for unemployment last week. Officials processed claims at a seasonally-adjusted rate of 484,000 a week, up 24,000 from the week before, according to the Department of Labor. The rise in initial unemployment claims was the second in a row. Economists were surprised... Continue Reading »

The number of initial unemployment claims improved slightly last week, but the job market remains weak. It's one more indicator of a weak economic recovery. The stock market may be at its highest point since fall 2008 -- go figure -- but the number of initial unemployment claims is still too high to lend much support to... Continue Reading »

Hundreds of thousands of people lost their jobs and joined the unemployment lines last week -- slightly less people than the week before, but still far too many to help stabilize our housing market, prevent foreclosures and grow our economy. The number of people who filed for their first week of unemployment benefits... Continue Reading »