With unemployment rates approaching 10% in many areas, job searches seem to be a difficult task for many. The one positive we have now, vs. 20 years ago, is that we have the internet to help us. In the past, a job search involved looking through the daily newspaper, or walking into potential places of [...]
In a sign that the US economy may be getting stronger, numbers have come out this morning pointing to a better than expected job market. Last week initial claims for unemployment aid dropped by 11,000, to 445,000. This is the lowest level since July 10th of this year. Overall, the number of new people filing [...]
Due to Sunday being the first day for signing up for weekly unemployment insurance benefits, the website for the “Massachusetts Department of Workforce Development” located at www.mass.gov/dua/webcert is running very slow for most individuals trying access it. The delays began on Sunday, and have extended into today, as the page is loading at a very [...]
The stock market is up in pre-trading this morning, as the Commerce Department released the latest data for private sector jobs. The numbers were a blowout of expectations, as the US added 67,000 private sector jobs in August. Analysts expected an increase of only 30,000 jobs. In addition to an increase in jobs last month [...]
New jobless claims last week declined from 504,000 the previous week down to only 473,000 last week. This is good news in an otherwise dreary economy. 48 expert economists who were surveyed by the Dow Jones Newswires predicted that jobless claims would only fall by about 10,000 (median of those surveyed). Instead we saw a [...]
Today comes word that the job market still is not improving. The weekly unemployment numbers are in, and they are not looking good. Last week, there were 500,000 new claims filed for unemployment. This number is higher than it has been in 9 months. Last week, there were 480,000 claims filed. Unemployment insurance is issued [...]
Last week we saw a mixed bag of economic data reported. Although private section jobs increased more than expected, overall unemployment numbers actually increased more than most economists had predicted. This coming week, although not as eventful as last week, will produce some very important data which could be responsible for moving the markets in [...]
Last week Timothy Geithner expressed his view to the nation on ABC’s Good Morning America that we may actually see an increase in unemployment over the short term, before it eventually decreases. Although the Unemployment rate has remained unchanged at 9.5% for the month of July, the July numbers have indicated that more people were [...]
Every month at this time we have the prior months ADP Job numbers released. Today, we saw the numbers for July, and they were slightly better than most economists had predicted. In July the country saw an increase in private sector jobs of approximately 42,000. Economists on average had expected an increase of 39,000 jobs. [...]
The total amount of U.S. workers that filed new unemployment claims fell last week, but not by very much. Initial claims for unemployment benefits fell by 11,000 to 457,000 in the week ended July 24. This comes a week after the total had risen. Most forecasters predicted that the jobless claims would decline this week, [...]
