Similar Stories to U.s. Layoffs Remain Elevated As 837,000 Seek Jobless Aid on Bing News

Christopher S. Rugaber, Denver Post: Business
Thu, 10/01/2020 - 6:00am

WASHINGTON — The number of Americans seeking unemployment benefits declined last week to a still-high 837,000, evidence that the economy is struggling to sustain a tentative recovery that began this summer. The Labor Department’s report, released Thursday, suggests that companies are still cutting a historically high number of jobs, though the weekly numbers have become less reliable as states have increased their efforts to root out fraudulent claims and process earlier applications that have piled up. For example, California, which accounts for more than one-quarter of aid applications, simply provided the same figure it submitted the previous week.

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BING NEWS:
  • US applications for jobless claims fall to lowest level in 9 weeks
    Fewer Americans applied for unemployment benefits last week as the labor market continues to hold up despite higher interest rates imposed by the Federal Reserve in its bid to curb inflation ...
    04/25/2024 - 3:45 am | View Link
  • US weekly jobless claims remain at low level
    The number of Americans filing new claims for unemployment benefits was unchanged at a low level last week, pointing to continued labor market strength. Labor market resilience, which is driving the ...
    04/18/2024 - 2:15 am | View Link
  • Jobless claims flat at 212,000 and still show no sign of rising layoffs
    The number of Americans who applied for unemployment benefits last week was unchanged at 212,000, reflecting a surprisingly resilient labor market in which layoffs and unemployment are very low.
    04/18/2024 - 2:06 am | View Link
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