• Unemployment Claims Rise Sharply, Showing New Economic Pain

    10 days ago - By NY Times

    Weekly filings for jobless benefits hit the highest level since July as the pandemic's resurgence batters the service industry.
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  • U.S. unemployment claims jump

    10 days ago - By Finance Commerce

    The number of people seeking unemployment aid soared last week to 965,000, the most since late August and a sign that the resurgent virus has likely escalated layoffs.
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  • US stocks slide as biggest jobless-claims surge since March outweighs stimulus expectations

    US stocks slide as biggest jobless-claims surge since March outweighs stimulus expectations

    10 days ago - By Business Insider

    Summary List Placement
    US stocks ended Thursday lower as investors digested a surge in weekly jobless claims.
    The reading of 965,000 new unemployment filings represented the biggest increase since March and the highest level since August.
    The weak jobs report could give fuel to Democrats passing a massive stimulus bill once President-elect biden is inaugurated.
    Sign up here for our daily newsletter 10 Things Before the Opening Bell .
    US stocks ended Thursday lower as investors digested a surge in weekly jobless claims.
    Jobless claims surged to 965,000 for the week that ended on Saturday...
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  • US stocks slide as biggest jobless-claims surge since March outweighs stimulus expectations

    10 days ago - By Business Insider

    Lucas Jackson/Reuters
    US stocks ended Thursday lower as investors digested a surge in weekly jobless claims. The reading of 965,000 new unemployment filings represented the biggest increase since March and the highest level since August. The weak jobs report could give fuel to Democrats passing a massive stimulus bill once President-elect biden is inaugurated. Sign up here for our daily newsletter 10 Things Before the Opening Bell. US stocks ended Thursday lower as investors digested a surge in weekly jobless claims. Jobless claims surged to 965,000 for the week that ended on Saturday...
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  • Jobless Claims Rose to 965,000

    Jobless Claims Rose to 965,000

    10 days ago - By Crossing Wall Street

    This morning's jobless claims report was a bad one. The government said that 965,000 Americans filed jobless claims. That's the most since August and it's a clear sign that the trend has turned. Wall Street had been expecting 800,000.
    This is more confirmation of last week's lousy jobs report. Two weeks from today, we'll get our first look at Q4 GDP and I'm afraid it won't be good.
    Still, the jobless number for the week ended Jan. 9 was another sign of economic turmoil brought on by restrictions in activity aimed at combating the pandemic. The total was the highest since the week of Aug...
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