• U.S. Jobless Claims Jump by Most Since March

    1 day ago - By Bloomberg

    U.S. initial jobless claims in regular state programs rose by 181,000 to 965,000 in the week ended Jan. 9, Labor Department data showed Thursday. Bloomberg's Mike McKee breaks down the numbers on "Bloomberg Surveillance."
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  • US stocks gain as stimulus optimism offsets the biggest jobless-claims surge since March

    US stocks gain as stimulus optimism offsets the biggest jobless-claims surge since March

    1 day ago - By Business Insider

    Summary List Placement
    US stocks gained on Thursday as a surge in weekly jobless claims was offset by optimism around President-elect Joe Biden's stimulus plan.
    Weekly jobless claims of 965,000 represented the biggest increase since March and the highest level since August.
    Democrats are weighing a potential multi-trillion-dollar stimulus bill that would combine infrastructure spending and COVID-19 relief legislation into a single bill.
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    US stocks gained on Thursday as a surge in weekly jobless claims was offset by hopes...
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  • US weekly jobless claims jump the most since March as America's labor-market recovery falters

    US weekly jobless claims jump the most since March as America's labor-market recovery falters

    1 day ago - By Business Insider

    Summary List Placement The number of Americans filing for unemployment benefits jumped last week as rising COVID-19 cases continued to cut into the labor market's recovery.
    New US jobless claims totaled an unadjusted 965,000 for the week that ended Saturday, the Labor Department announced Thursday. That comes in well above the 800,000 claims expected by economists surveyed by Bloomberg. The reading is also greater than the previous week's revised total of 784,000, and reflects the biggest increase since March.
    Continuing claims, which track Americans receiving unemployment-insurance...
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