U.S. weekly jobless claims less than expected as labor market returns to pre-pandemic self

The Labor Department reported Thursday that initial unemployment insurance claims rose last week but held steady at levels consistent with what the labor market looked like before the Covid-19 pandemic devastated the employment picture in the United States. First-time filings for the week ending November 27 totaled 222,000, less than the 240,000 Wall Street had … Read more

Weekly jobless claims post stunning decline to 199,000, the lowest level since 1969

The Labor Department reported Wednesday that the ranks of applicants for unemployment benefits fell to their lowest level in more than 52 years last week. New filings totaled 199,000, a number not seen since November 15, 1969, when claims totaled 197,000. The report easily beat Dow Jones’ estimate of 260,000 and was well below the … Read more

U.S. jobless claims little changed in potential sign that layoffs have hit a plateau

The Labor Department said Thursday that unemployment insurance claims for the first time changed little over the past week, indicating that the increasing pace of layoffs during the pandemic may have reached a steady level. Initial filings for the week ending November 13 totaled 268,000, down 1,000 from last week and slightly above the Dow … Read more

U.S. weekly jobless claims

Initial claims for unemployment benefits were expected to total 275,000 for the week ending October 30, according to economists polled by Dow Jones. This is urgent news. Please check back here for updates. Become a smarter investor with CNBC Pro.Get stock picks, analyst calls, exclusive interviews, and access to CNBC TV.Sign up to start a … Read more

Economic growth rate slows to 2% as supply chain issues take toll

The Commerce Department reported Thursday that the U.S. economy grew at a 2% rate in the third quarter, its slowest gain in the pandemic era recovery, as supply chain problems and a marked slowdown in consumer spending hampered expansion. Gross domestic product, which is the sum of all goods and services produced, grew at an … Read more